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 protections as a bank plus some great tax benefits.
After some back-and-forth, we agreed on the numbers.
Seller financing is the most powerful tool I've mastered to buy businesses.
I'm hosting a LIVE workshop in a few weeks to show you how to structure win-win deals like this one.
Click here to join the workshop waitlist
Cheers!
Brian