ForumsStarting a Business

Most small businesses are sold with the owner carrying back some of the financing in a seller held note (secured at least by the assets of the business). This is so even though most small business sellers want cash. In reality, in order for most of them to sell they must be willing to take back financing. And frankly a buyer would be making a mistake if they did pay all cash. There are many important things to cover when buying a business, how to evaluate them, what due diligence to perform, how to make sure it is the right deal for the buyer, how and where to find financing to buy the business etc. Be sure to study and prepare yourself as you get deeper into looking at purchasing an existing business.

Good luck with your plans,
Dennis Lowery
Adducent, Inc.