Do you want to be an owner-operator (working 40+ hours) or an absentee owner? 2. Source the Deal There are three main ways to find a business for sale:
The seller "loans" you part of the purchase price (usually 10–20%), which you pay back with interest over time. This keeps the seller "in the game" to ensure a smooth transition. how do you buy a business
Ensure there are no pending lawsuits, clear titles to all equipment, and valid leases. Do you want to be an owner-operator (working
Sellers usually talk about "Seller’s Discretionary Earnings." This is the net profit plus the owner's salary and "add-backs" (personal expenses run through the business). clear titles to all equipment