I pursued a purchase but didn’t ultimately do the transaction. Biz BuySell connects you with brokers. The brokers set up a call with you and the business owner. So it really varies. The website doesn’t do anything to guarantee or standardize your process.

Looking at the CIM helps a lot. Also the business descriptions on Biz BuySell are vague. You’ll want to talk with the current owner about the business.

These websites are a great way to do competitor research if you pose as a buyer, read the CIM, and then don’t buy.