christopherc
New member
A couple years ago, I started helping out a small business on the side. There were 2 people involved including the owner. They were doing fine, but on a tiny scale.
I joined them in the trenches for a couple months before we struck gold. I don’t want to get specific for privacy reasons, but I significantly contributed to that and the owner of the company became a huge influencer of sorts. I joined full time and the company ballooned up to 15 people and a large (rented) office space.
The company is now doing about $2M-3M in revenue. After a couple years I moved on from working there full time due to limited growth potential.
Now I am aware that the owner is moving on and looking at selling. I believe I could effectively pilot this business, but I don’t have the hundreds of thousands I suspect to be necessary for even a down payment on a purchase offer.
Do I have any options at all? An investor? Seller financing? Realistically speaking, how much money do I need to bring to the table to make this conceivably possible?
I joined them in the trenches for a couple months before we struck gold. I don’t want to get specific for privacy reasons, but I significantly contributed to that and the owner of the company became a huge influencer of sorts. I joined full time and the company ballooned up to 15 people and a large (rented) office space.
The company is now doing about $2M-3M in revenue. After a couple years I moved on from working there full time due to limited growth potential.
Now I am aware that the owner is moving on and looking at selling. I believe I could effectively pilot this business, but I don’t have the hundreds of thousands I suspect to be necessary for even a down payment on a purchase offer.
Do I have any options at all? An investor? Seller financing? Realistically speaking, how much money do I need to bring to the table to make this conceivably possible?