S4: EP 2 - Buying A Business? Here’s What No One Tells You (Until It’s Too Late)

Send a textThinking about buying a small business and riding off into entrepreneurial success? Not so fast. From cafeteria deals gone wrong to multimillion-dollar mergers, this episode pulls back the curtain on the real steps—and red flags—of business acquisitions. Whether you're eyeing a $100K cafe or a $15M medical practice, we break down everything buyers need to know: the truth about letters of intent, why lease assignments can tank your deal, what intellectual property is really worth, and why having the right team (yes, including a lawyer) is non-negotiable.Plus: What happens when the Instagram account is the most valuable part of the business? Why owning the real estate might be the smartest move you can make? And the top 5 things every buyer should do before signing on the dotted line. This episode is your business-buying reality check—served with sharp advice, a little humor, and lessons that could save you millions.Contact Steven Wallace & Celena Muzic:Website: wallacelawflorida.comEmail: [email protected]: [email protected]: Wallace LawInstagram: @wallacelawfloridaInstagram: @attorneysarehumantooLinkedIn: Steven WallaceTikTok: wallace.lawPurchase Merch!attorneysarehumantoo.printify.me