There are many more questions but the above will be critical when it comes to putting together a plan to line up deal structure to create cash and arrange a financing package to buy the business.
The point that I want to make is that the cash for the down-payment does not have to be yours.
I really do want to here what you have to say and I hope that you will be able to help me and any advice/help will be appreciated.
Over that last 10 years company sales have increased, but profits have declined. The owned has tried to get a straight buyout, but investment companies have declined due to low profitability but have stated if profits track upward within 18 months would be interested. I have talked with the owner and he would be interested in purchase with a guarantee annual payment with some monies down.
I may have located investors for the down payment, but have concerns how to structure the deal such that my displacement (which often happens) by the investors before I have had a chance to re-pay them back.
Would appreciate any input on how to structure this deal and any advice or caution that I should be aware of.