I thought I would try a different catagory on my topic of creative financing towards a business acquisition.
Anyway, I wouldn`t be approaching it from this angle had my wife not passed away suddenly and devastating our savings. So I`m now trying to fulfill our dream and move forward by trying a different strategy of somehow buying the business without using what limited amount I have left at this time. So I invite everyone to do some brainstorming and come up with some strategies on how you might approach this situation using the info below...
1. Owner is asking $375,000.
2. Annual gross is $735,000.
3. Annual net is $200,000.
4. Business estimated value is$410,000.
5. It is free and clear.
6. No real estate (business is on a lease).
7. Owner will take $350,000 cash today.
Well, using these numbers and situation, I`ve been racking my brain trying to come up with a tantilizing offer for the owner and I`m stumped.
Something inside me is saying its possible and its driving me out of my mind. So any of your input would definitely be appreciated... Thank you in advance.
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!