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Do I need a business plan if purchasing an existing bus?

Do I need a business plan if purchasing an existing bus? Im currently searching to take over an absentee runned bakery/restaurant. I usually go on yelp to read reviews to have a better understanding of what community thinks of the business so I can plan for improvement should I take over. I know how important a business plan is but what if the business already exists? How does that work? do I just ask the current owner for a copy of theirs? do I create one myself? or is it even necessary to have one on a business that already exists?

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Answers (3)
Mrs Jane Gavin


Hello to All across the globe, I am Mrs. Jane Gavin, from United State Of America, USA. I am a mother of 4 kids and I was stuck in a financial situation and I needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not fall prey to those hoodlums at there that call them self money lender they are all scam , all they want is your money and you will not hear from them again they have done it to me twice before I meet Dr. Vasquez Reynolds the most interesting part of it is that my loan was transfer to me within 24hours so I will advice you to contact Dr. Vasquez Reynolds if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email……… ( No credit check, no co signer with just 2% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan without collateral then contact Dr. Vasquez Reynolds today for your loan

21 hours ago
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Moxie Brokerage Group, Inc.
Executive Business Intermediary
Hudson County, NJ

Just the cash and the time and expense to do your due diligence.

Jul 14, 2016
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The BAF Group LLC

I certainly can help. What are you going to do with the business? Why is the owner selling? What is happening to the market around you? How will you cope with competition? How much competition is there and how new is it? If it is new, how will that impact you in the future? Are you going to expand the business? How? When? Are you getting a loan to purchase that business? Will the lender require a Business Plan? There are many reasons to do a Business Plan, even for an existing enterprise. Check our blog on the subject:

Jul 7, 2016