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  1. C

    I’d like to buy a business I helped build but can’t afford

    @xevy I think it's wiser to find the flat rate the current owner is asking for and go from there. Could he pay it off within a year? Two? Using those profits. That could sweeten the deal, but I'd want to see the books, talk to employees and clients and do the due diligence part forst.
  2. C

    I’d like to buy a business I helped build but can’t afford

    @christopherc I hope it's useful. If it's retail, do an inventory. Make sure the fixtures and furniture are in good shape, take the printer for a spin...there are so many things that go into this. Brokers can help you find financing too.
  3. C

    I’d like to buy a business I helped build but can’t afford

    @christopherc I bought a biz 3 months ago. The owner asked for 2 times what it was worth. It may be a good idea to get your own broker to guide you, give you an honest opinion/insight, etc.
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