Oct 13
Seller financing saved this $1M deal
I reached out to another owner about buying one of his stores. He responded, “Why don’t you buy all seven”? Turns out he was ready to retire. But then it came to the money He wanted close to $1M for the business I didn't have that type of cash It was 2021, which meant banks didn't want to lend. I thought the deal was dead until I pulled a magic trick... I proposed seller financing: I would make a down payment, then pay monthly until I paid off the balance. He would get all the same...
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