Selling my business....

[Redd]

Seller finance is quite common, but with your published numbers quite odd in the way you find acceptable for them to do this, the buyer would usually use your credit for leverage but would have not inconsiderable assets of their own (even if they dont want to stump up and put it straight into yours) to secure your kindness.

Therefor I find this thread quite strange. You have a business generating substantial profits and I presume you have gained not inconsiderable wealth getting to the point your are at now . You ask here for advice on whether you should sell to somone with no money to speak of on a promise, using your hard earned assets to do so.

IMO Its a wind up, it doesnt make any sense, someone with the where with all to build a business with the numbers you have published, woudnt sell it on the terms you seem to be happy with. You dont want it managed (did you build it all by yourself with no management at all?) You would have a "go to" law firm, afterall you must have used the legal profession to protect what you have built so far, same with an accountancy firm.

If Im wrong, fair enough, but you did post this on an open forum and despite the advice given totally ignored it to tell us its worth £1.2 million and the deals virtually done. Its most probably months away from completion and the "straw man" buyer has many more strokes to pull before it gets anywhere near completion.

Its a great shame that Clinton isnt here, Im virtually certain that his conclusion would be similar. I have only the knowledge gained over studying the subjet for a couple of weeks (although I do obsess over things I want to learn and have picked up a fair ammount in that time). There must be others who have doubts similar to mine.

this is a crazy post? What actually is your point?

 

[MarkOnline]

this is a crazy post? What actually is your point?

In a nutshell.... your post suggests you are talking out of your arse.

 

[fisicx]

As the business has now been sold this thread can now be closed.