In some cases, you may wish to buy a business and resell it quickly; your success here would depend on your ability to identify businesses that can be turned around quickly and resold at a profit. You are particularly concerned with the balance sheet and the specific liquidity aspects revealed by it. Most people negotiating a buy/sell agreement for a business use each of these methods in some combination. You negotiate for assets based on their worth to you. Beyond the asset value, you pay for inventory against cost figures (not retail dollars) and according to how current that.