There are various ways to go about funding the purchase of a business. A strategic option would be to negotiate seller’s financing with the business seller to alleviate the burden of paying full price for the business upfront. In the U.S., about 60-90% of business sales involve seller financing. Before going through with the purchase, you need to thoroughly vet the business. Because owners rarely finance 100% of the purchase price, you might also need to find other sources of funding, such as a bank loan.
Franchising remains a great business opportunity in 2019. In fact, there are nearly 760,000 franchise establishments in the United States. Business owners prefer franchising because you are inheriting an established brand. In addition, a franchise has a proven business model. You can review actual sales and profit data to verify that the concept is growing rapidly. Read on to learn how to buy a business. Explore this comprehensive guide on buying franchises including topics such as financing, research, and getting a good deal.