To purchase a business, you will need: Relevant Experience: Some industries require highly specialized experience, training, or certifications, while others require none. However, Landlords, Sellers, and lenders favor Buyers with prior experience that is well-matched to the business.  A Solid Credit Score: Good credit positively impacts Landlord negotiations, financing terms, and opening accounts with new vendors.  Sufficient Net Worth: Sufficient funding is required to complete the purchase (or the down payment when financed), cover transaction and closing costs, and have enough remaining for working capital and a cushion for unforeseen events. Most importantly, since each business has a unique recipe for success, you will need a good work ethic and a strong desire to succeed!