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Buying a Business with a Little Help From Your Seller
By admin | February 2, 2012
Everyone knows that the economy has been pretty tough. A lot of good people are losing their jobs and suffering through long periods of unemployment. The truth is that many of these people are too old or too over qualified to become employed in this harsh market.
However, there is an answer for many of these people. And, the answer is business ownership. The fact is that there are many profitable businesses for sale right now. Many of today’s unemployed can buy and take over an existing business.
The only problem is many of these folks don’t have the funds to buy a business outright and their prospects of getting commercial funding from a bank is remote at best.
The solution for many of these people lies in the opportunity to buy a business with “seller funding”. The way this work is that the buyer puts down a significant downpayment…let’s say 50% of the totla price of the business. Then, the seller lets the buyer pay the remainder over time and at a reasonable rate of interest.
By taking advantage of seller funding many of today’s unemployed can become successful business owners.
If you’re looking to buy a business this way you will need a business broker to help guide you through the process. Not all business brokers are the same. We suggest you contact Vested Business Brokers. They are one of the leading business brokerages in the country and have closed more than 1000 transaction in the last 10 years.
Topics: current business news | Comments Off
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