Selling a business involves a lot prep work. Here's solid overview from the NY Times> http://www.nytimes.com/2010/01/07/business/smallbusiness/07guide.html?pag

Selling a business involves a lot prep work. Here's solid overview from the NY Times> http://www.nytimes.com/2010/01/07/business/smallbusiness/07guide.html?pagewanted=all&_r=0 http://www.nytimes.com/2010/01/07/business/smallbusiness/07g... Possible Option: Depending on the sophistication level of his employees, one or more could step-up as a potential buyer. Your friend could structure favorable payment terms. He gets checks monthly over 3-5 years. Win-win.