Buying a business during COVID-19

The pandemic has sent shockwaves through businesses that traditionally thrive in normal times. But the disruptive nature of viral outbreaks has left some distressed owners eager to offload their burden. Is now a good time to buy a business? According to some, with the right strategies and plans in place, you may be in for a bargain.

Open for business. Source: Getty Images/Mixetto

Highlights

• Brokers say migrants are actively seeking opportunities to purchase businesses but not necessarily making the transactions.
• Experts say new businesses need to have the ability to market and sell online to survive potential outbreaks and forced closure.
• Seek financial advice to examine the accounts to make sure that the numbers are bona fide.

 

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