7 Things to Consider Before Buying a Small Business

(image courtesy: Getty images, CNBC.com)

Purchases of small businesses are among their highest levels since 2007.

Experts say it’s still a buyer’s market, but it’s starting to shift and even out.

Median revenue of sold businesses on BizBuySell (an industry website that tracks small business purchases) in 2015 grew to $449,462, up from $417,562 in 2014, while the median sales price also increased 7.6 percent to $199,000.

Whether becoming a first-time business owner or acquiring a business to expand your current company, ask the following questions before signing on the dotted line:

CNBC web article: 7 Questions to Ask Before Buying a Business