I recently came across a business for sale thats worth about $400,000 (asking just under that), without any loans or liens against it. And of course its right up my alley... so I want to throw this out to anyone here on a creative approach to acquiring this business, either theoretical or practiced. This business grosses over 700,000 annually and nets about 200,000.
I need to find a way to satisfy the owner with cash in his hand of at least 300,000 or better, and not have to use my funds which don`t come close enough to leverage anyway. I have a couple in mind so far, but can use more strategies in case the owner won`t accept the first couple offers.
Cu Gelert - The Legend ... If you`d like to know the value of money, go and borrow some... It is especially hard to work for money that you`ve already spent, on things that you never needed... Whatever you can do, or dream you can, begin it. Boldness has genius, power, and magic in it!