Nicola’s thinking about buying a readymade business, online or off. She did it with The Acacia in Worthing way back and Judith gets her to remember the shape of the deal she did and how she did it. Judith explains how she sold her accountancy business on the same basis.
Nicola and Judith have studied with Rick Otton how to buy property on this options basis and the principles are the same.
How to find a motivated seller, find out what they want and work out what you do, how to take on the best bits of his business and leave the problems with him, and use the business’ own cash flow to pay for it.
It all depends on access to the vendor, good rapport and negotiation skills. It would very much suit a deal-maker. It’s all in the relationship.
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