4 ms·
> Is it common to have to fork over all cash for these sized deals? Is it possible/acceptable to finance? What alternatives to seller financing have you seen? I
by charlesdm 10y ago
> Is it common to have to fork over all cash for these sized deals? Is it possible/acceptable to finance? What alternatives to seller financing have you seen? I don't imagine it's possible to just waltz into your local bank and say hi guys I need $100K to buy a website!
I've discussed this with my local Belgian bank (well, not $100k, closer to $1-1.5m), and they'd be happy to do it if I put up 25-30% of the capital. So should definitely be doable. The issue is finding a good and viable asset that won't deteriorate. Usually there's a reason why people sell.
- jakobegger 10y agoThe reason might be that the owner gets bored with the business? Maybe the owner liked the getting started part, but doesn't enjoy all the analytics and marketing stuff that's necessary to grow the business to it's full potential?
- charlesdm 10y agoAbsolutely. But buying an asset can be quite hard, especially if you're at least trying to align it with your personal skill set. For example, I've probably looked through 30-40 prospectuses and have only once found something moderately interesting.
- rstocker99 10y agoSee my comment above on the alternative approach. The short answer is to approach the problem the other way. Build a list of businesses you'd buy and start emailing.