I have a very simple question...say someone was selling their business for $2,000,000, the gross income was $6.5M and the "take home" net income to the owner per year is $1.2M a year. Could a potential buyer suggest that the owner 100% finance the sale, with instead of paying $2M upfront, he pay $1M a year for 4 or 5 years instead? is there a name for that & does it ever work? It would seem like a win-win situation, the old owner would take home much more than what he was asking, and someone with-out the capital & resources to obtain funding, could obtain the business they were after. does this happen ever?
business aquisition question?
- Thread starter Justin S
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