When it comes to buying a business, a good business plan is crucial. It's an invaluable guide to listing your objectives and aims in detail. It's a good source for information and analysis of your aims, targets, customers and prospects. All in all, it's a great resource to refer back to time and time again. By setting up the business plan, you will have a better chance of success because you have listed everything down in your head on paper.
This section is often carefully considered by potential investors. It helps investors to determine the financial solvency of your company. You will not just discuss your current financial state. In this section you will cover your financial past, your current state and your goals for the future. Include income statements over the last several years, balance sheets (both prior and projected), projections and available collateral.