Does the lousy job market have you looking for options? Have you always wanted to be your own boss? Now may be the perfect time to jump into small business ownership.
Did the thought of owning your own business just make you smile? Most people dream of owning a business but they allow negativity to get in the way. They chalk it up to a silly notion or a pipe dream. They try to rationalize it by saying they could never get the money to buy a business. That couldn’t be further from the truth because the majority of small business sales involve seller financing.
Why would a business owner finance the sale? Why not? If the business is solid and producing a profit then who knows better than the seller that the business is a solid investment. The current owner can see the value in holding the note.
Getting an all cash offer may sound great but then the seller needs to find someplace safe to invest the money. Until recently that wasn’t very difficult but now there are bank failures and the stock market is going up and down like a yo-yo. Keeping their money parked in a solid investment like a business note with a decent interest rate is quite attractive.
Selling for all cash is what so many people think a business owner wants but that isn’t always the case. If you are in the market to buy a business then look for owner financing as a way to realize your dream of being your own boss.
By: Rhonda Holland
About the Author: