[Jewelry making - Article 01238] - Re: [Orchid] Business purchase

[James White]

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>         offer around 500k but will go up to 650k or 700k I would think
>     when 

    Insufficient data. We don't know what the assets are much less the
    net owner income and even further less whether the business is
    actually profitable (from an owner perspective, not an IRS
    perspective). A few weeks ago I offered to send free info on business
    buying or selling to anyone who privately sent me their mail address.
    That offer is still good (to make sure your e-mail doesn't get lost
    in spam access my www.willitsell.com web site and use the e-mail
    links there). The SBA (and moreso the bank that will actually make
    the loan) will want you to do a big pile of paperwork to show how you
    will pay the loan back. For starters you'll need the last 3 years of
    the current owner's IRS filings (I would hope you've looked these
    over with an accountant before making any offer). As others have
    noted your best bet may be getting the seller to hold the note. Good
    luck. 

James E. White
Inventor, Marketer, and Author of "Will It Sell? How to Determine If
Your Invention Is Profitably Marketable (Before Wasting Money on a
Patent)"  Info Sites:   www.willitsell.com    www.inventorhome.com,
www.idearights.com www.taletyano.com www.booksforinventors.com

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