Hey guys, I'm new here. I have seen the flying solo forums in the past and read a few threads, but haven't really been part of the forum for years. I became interested recently to join because it's Australian and was looking for some advice in purchasing a business. I have been browsing some listings on Seek Business. I can see that there are actually quite a few profitable businesses for sale. I have mostly done internet marketing the last 5 years and built an affiliate website which generates some income, but its not exactly stable, and not enough to currently live on. My questions pertain to actually what I should be looking out for when looking at a profitable business to buy. For me, it seems too simple that you pay a certain amount, then make a reasonably stable amount of profit per week. I am a skeptic at heart, so it feels as if I am missing an important part of the puzzle - if the business is generating net profits of say, 4k per week -- what are the pitfalls of buying it? Please take this for example: https://www.seekbusiness.com.au/business-listing/newsagency-gold-coast-area-sales-28-000-p-w/444534 If I could get the funding, this would seem a fantastic business to buy. Long term customers, good location, good cashflow. I would also love any advice on who to talk to, to ensure the business is generating what it claims, and what kinds of pitfalls there are if I theoretically invested in a business like this. Any help is appreciated, thank you in advance.