Biggest Complaints Regarding Business Buyers

Have the results back from surveying business buyers, business owners/sellers, and business brokers and agents about what annoys them most about the other participants in a deal. Some information was inevitable some was surprising.

Today I focus on business buyers - this is what business brokers, agents, and business owners found most annoying about business buyers.

Top Complaints Regarding Business Buyers:

1. They don't understand and repect the "confidentiality factor" of the business being sold.

2. Not knowing what types/locations of businesses they want to buy and how much they can afford.

3. Have not been pre-qualified for financing, yet want to leverage their down payment.

4. They feel they can buy a business with no money down or utilize unrealistic terms in the deal.

5. They don't provide/have a completed Buyer Profile, Personal Financial Statement, or Resume

6. They don't phone, provide adequate feedback after the visit/interview with the seller.

Go ahead pile it on - what complaints do you have concerning business buyers. Over the next couple days I'll let you know what buyers said about business brokers and owners!