Purchasing a Business?

If you purchase an existing business with a successful business model (demonstrated by at least five years of profits), no immediate news on changes in the local or national environment, at least semi-verifiable financials that at least somewhat match the tax returns, and you have a background in the industry -... show more If you purchase an existing business with a successful business model (demonstrated by at least five years of profits), no immediate news on changes in the local or national environment, at least semi-verifiable financials that at least somewhat match the tax returns, and you have a background in the industry - what kind of risk are you taking? There are a lot of stats on success rates for start-ups, but what about success rates for small business purchases? Are there stats from business brokers? Thanks for any info.
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