Jabu and his friend Sipho are visionaries. They have spotted an existing business that sells sneakers around universities and TVET colleges. The current owner intends to sell the business and retire. They are considering buying the business and revamping it to suit their target market. Which of the following factors should the aspiring entrepreneurs consider before they buy an existing business? 

a. the financial status of the business

b. an assessment of competitors

c. the reason why the current owner wants to sell the business 

d. the need to change prices for their business

e. the physical status of the business