“I want to find a solid business where the owner wants to retire and doesn't have any family members to take it over. I want to offer him a way out and cut a deal where I don't have to put much down and over the next few years he’ll teach me the business.”
What a wonderful idea!
Brilliant in fact!
Guess what? You and ten thousand other people are looking for the same situation right now.
Does it exist? Of course it does, but it's NOT common and spending your time searching for this ideal scenario is a waste of your time.
The thing about buying a business which many people don't know is that they will ultimately buy a business they didn't initially have in mind. Or, wind up with deal terms they hadn't thought of originally.
Meet with sellers.
There are of course countless other steps to the journey including valuations, negotiations, analysis, financing, due diligence and closing the deal.
It's only by getting engaged in the business-buying process that you can successfully go down the road.
This article represents a fraction of what you’ll learn on this topic in the How To Buy A Good Business At A Great Price© series - the most widely used reference resource and strategy guide for buying a business. To learn more click here
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