Episode 66: How to Buy a Business with Zero Money Down

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Would you rather buy an existing business than start one from scratch?. The advantages include established customers and ongoing cash flow. The downside is that most business owners want upfront payment before they hand over the keys. However, you might be able to find an owner that will work with you to buy the business with zero money down and payments spread out over time. Of course, you need to know how to negotiate or have someone represent you to close the deal. Just how exactly do you buy a business with no money down? Tune in to this episode to hear how Sharran made it happen for his client.

“Treat the seller like your grandma.”

“If you’re the buyer, you would never do a bad deal with your grandma, so you want to make sure that the deal is the right deal for the seller.” 

– Sharran Srivatsaa

Timestamps:

00:00 So how do you buy a business for zero money down

00:34 Let’s look at A MILLION DOLLAR deal

01:19 What to do if your equity partner backs out

02:28 Don’t make this MISTAKE when trying to convince the owner  to finance the purchase of his own company

03:30 Two questions to ask the seller so you can make them agree to fund the equity

05:26 How to make the seller finance the balance and not just the equity (making the entire purchase seller-financed)

07:17 The benefits of a seller-financed deal and how to counteract seller remorse

09:18 Heres why you need to treat the seller like your grandma

 

 

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