It is my opinion that the Sweetest way to acquire a business is when the Seller adds the Buyer as an owner. Say a 50/50 split. Then they refi the entire business with the bank allowing them to use the financial strength of the business to fuel the loan. Which then allows the buyer to buy out the Seller leaving the buyer with 100% of the business. The seller exits with cash, the buyer ends up with a profitable business. Win/Win for all parties involved ✊🏾
It is my opinion that the Sweetest way to acquire a business is when the Seller adds the Buyer as an owner. Say a 50/50 split.
Then they refi the entire business with the bank allowing them to use the financial strength of the business to fuel the loan.
Which then allows the buyer to buy out the Seller leaving the buyer with 100% of the business.
The seller exits with cash, the buyer ends up with a profitable business.
Win/Win for all parties involved ✊🏾
Great scenario for sure.
great video! thanks for sharing :)
Thanks for the visit
Thanks for this information! Very valuable! Do you offer consulting on potential acquisitions?
🙏
Thanks!
What bank do you recommend for a term loan?
Any local bank or big bank - recommend trying SBA loans