There a couple of caveats that the seller need to keep in worry about. Where will provides money originate in upcoming? This money will be needed things the extended payment or payments. Can is likely to come via business cash flow, does the old owner believe this is attainable? If not then this deal is often a non-starter and should be denied unless that old owner wouldn't normally mind getting the business back through forfeiture.
Find out what financial records they've got. This will eliminate 75% of adidas and puma. The records are false because of cash sales and/or cash payroll. A lot of auto repair shops pay their mechanics a base salary on the books along with the balance in cash. Provide you . crazy and illegal. Have got cash sales, which are illegal, as an alternative to reported and they give these funds to staff illegally. Have fun figuring the profit on these small sell my business. Some businesses do not need to give you any financials. They do not even for you to lie you about the numbers