This is the case I want a buy a bussines but for me the price is too higth but if I buy from someone who has one bussines allready he recive a discount of 50% cash so what i should do in this case i will finance 30000usd so I can pay 30000 or pay 15000 anyway i want a get the bussines so the other bussines owner want a help me if I give to him 25% cash 50/@% so I m still saving so I going to do it but how i make sure I will dont lost money in this trade or bussines..?
2007-09-27 19:10:43 · 2 answers · asked by william H 1 in Business & Finance ➔ Other - Business & Finance
ok now is too late to make the deal with the other owner so I have to get a loan And I need some help fron were to go
this bussines is allready setup for nineteen years and is making about 90K and they sell to me for 80 K my credit is no good so I make a corporation ...I don't know how star bussines loans no many people know what to do? soo PLS I Need YOUR HELP...
2007-09-30 18:45:41 · update #1
BUSSINES LOAN
2007-09-30 18:47:26 · update #2
Good Luck
2007-10-05 17:26:03 · answer #1 · answered by book writer 6 · 0⤊ 0⤋
You can't be sure that the you won't loose money in the business, but before you do anything, you should get a solicitor to write a legel contract between you and the business owner, outlining all the conditions. If you are buying an existing business, you should also get your accountant to examine the books to make sure the business is genuinely viable.
2007-09-28 02:23:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋