The buyer will perform a due diligence on the business
prior to closing. He or she will examine the books,
check the facilities and inventory, review the records
to confirm the representations made by the seller,
and interview the owner on the market strategy.
Two highly important objectives must be met during due diligence:

What is Due Diligence?
review the company premises review the company operations analyze the financials (generally the buyer will bring in their financial or CPAs to view the numbers). interview the owner and current management (particularly employees or managers that will remain with the company under new ownership). view the assets that are for sale complete a top-down review of the company