Summer of Alternative Financing- Codie Sanchez Laundromats Assets or Liabilities
David C Barnett Small Business and Deal Making M&A SMB
00:00
The Dangers of Selling Your Business for More Than It's Worth
Martin Ray: This seller got a great deal. They made a super deal because they've sold the business for more than it's worth. The danger in this deal specifically is that you could spend the next three years losing money as you pay off the seller note, only to then have to start replacing the machines and pay for the business all over again. She mentions that there are 2.5 million businesses for sale and that this gives buyers negotiating flexibility or negotiating power. That's actually completely false. There are businesses for sale, but most of them are that you find on the listing websites just aren't good.
Transcript
Play full episode
