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    Update on the buyout of my business.

    @massappeal Well, I’m cheering you on! I genuinely wish you the best of luck and hope you’re able to find the right business with a collaborative seller. The rates are unreal. The SBA funds are not anywhere near what they used to be, investors and backers aren’t as accessible either. It’s...
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    Update on the buyout of my business.

    @massappeal Valid! But (1) I don’t have any employees, I only sub-contract and (2) then I’d have to sell it for a cost that would include the potential loss. So if I sell for a million bc that’s what I need, and lose 30%, I’d be screwed. On the current trajectory, I could sell my client base for...
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    Update on the buyout of my business.

    @massappeal I don’t disagree with your logic, but I still wouldn’t do it. Take franchises for example, dyk how much $ you have to have in assets and cash to buy in? Millions. This vets buyers to ensure they can withstand the time it takes to turn a profit. I don’t need to sell my business to...
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    Update on the buyout of my business.

    @massappeal I concur. Which is why I’d never buy one! I’m just saying that for my company, if someone wanted to buy it, I want full payment. Just like my house - I had so many people ask if I’d hold the mortgage- no way.
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    Update on the buyout of my business.

    @ittrainers I don’t think I’d sell unless it’s fully paid upon purchase. They can go get a loan or mortgage their house, whatever. But I’m not being a bank for a buyer.
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