Buy an Existing Business

Buying an existing business is much safer than starting one from scratch.

You can usually expect:

Seller help with transition.
Seller financing.
Proven track record.
Trained employees.
Existing customers.
Immediate cash flow.

You still have to come up with significant cash.  Sellers will usually finance between 50% and 65%.  If they’re not willing to do that, walk away.  The business probably isn’t worth as much as they say it is.

Buying an existing business as a cooperative could mean that only the management team is a cooperative while the rest of the workers remain regular employees.  It could then later be converted to a cooperative  where all the workers are also owners.  You can do it any way you want.

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