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@jameskc Sounds like its time to start setting up meetings with every bank, credit union and business lender in your area. Talk to family, friends... 3k is NOT a lot of money for a business, and if you can show that you were cash flow positive at the other location, there are plenty of people...

@rongold Don't let people lie to you, and don't lie to yourself when running numbers, that is not how net income works, you need to be paying employees and including royalties in this number to understand if the business is worthwhile... For instance if that 200k comes from 1MM in sales then...

@christopherc You can always offer to buy with seller financing, lots of owners will accept a good offer with seller financing too so long as they trust that you aren't going to run the business into the ground, getting the money over 3-5 years is little different than getting it all up front...

@bwo You NEED insurance to do business in most places, the good news is you can wait to get insurance until after you have landed the job because it literally takes a day to shop around and get insurance, just like any other insurance... As far as an official business ultimately again I would...

@bwo So If you want to do this, don't offer to do it for reduced rent, offer to do it for free the first time, and if they like the service a fixed price moving forward, that is how you will get the sale. (You don't have to do it for free at first, but people like free shit, and if you do a...

@marilynliddell This might be true, but very little is lost in making an offer, and the owner might just be bored with the business and have a new "thing" they want to try... but don't have the time because of how quickly its growing... In that case a check for $x every month or every quarter is...

@ledbythespirit Here is a good article that outlines the differences between the two. https://www.roedl.com/insights/ma-dialog/2020-08/usa-share-deal-versus-asset-deal-transaction-structurin Basically in an asset deal, you start up a new company and buy the assets/liabilities that you...

@ledbythespirit So typos aside that sounds like standard financial due diligence, I do mine in a spread sheet just so I can tick it off as things get collected and my deal team can make notes right in line if there are problems with answers/data provided, but between the lawyers and the...

@ledbythespirit If its an asset sale, I am not really sure why they care about your taxes to such a deep extent as the buyer doesn't assume old liability in the same way they would in a share sale, its effectively a brand new business from a tax/liability standpoint. They would generally only...