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Buying a Business

Im interested in buying a business, im earning 65k annual right now,
And i have 180k to invest, this will be for downpayment.
Im not looking for something in particular, it could be anything that could
Earn good revenue and it has room to expand.

Can i find something that leaves me with 200k after paying the purchase loan?
Hope someone could help.
Thanks

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Answers (5)
Will Mowre
5 Linx
Executive Director
Cook County, IL

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Feb 4, 2013
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Well thing is that, im a VP of a Service Company, im also, inspector and business consultant as
A consultant I work with business expansion cycle, diversification strategies and general improvement including TQM implementation.
Ive really worked with many kind of business, i have a BA, masters in construction management, minor on marketing. Im a certified PM and MPM, Thermographer Certified, and Many Business Consultant Seminars.

So that said, i could manage any kind of business, obvious nothing like attorney office, doctors office, CPA etc..

And NO 180k ita what i have right now for DP, im still working im generating income,
I still have 40k in savings for additional investment.

I dont work with Business Valuations as its for me its more how you appreciate the business
And where you position it! So that said many valuations are appreciation of someone, not
Something real.

Thats what im askIng!
Here where people sell business its a smart place to ask.
Miami or nearby place of Miami Florida maybe a good place to be!!

But depending on the solid of the company i dont have a problem to move!

Hope you can help!
Thanks

Jan 8, 2013
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Hi,

I own a company in Jordan - Middle East with software agency in 9 countries. if you are interested please email me at jordanjobs1@gmail.com

Jan 8, 2013
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The BAF Group LLC
MD

With $180,000 down, assuming that is all going toward the purchase price, predicated on an SBA loan that will normally require at least 20% down, you can afford a business that costs $900,000. If that is all the money you have in the world, that means you have nothing left to pay for your initial operational expenses. That's where most businesses fail. But if it is priced at $900,000, that probably means Net Cash Flow is in the area of $360,000. So, even with Debt Service, you could still end up with your $200,000 Net.

The problem is that you say you are not looking for anything in particular. Frankly Rick, no lender in the world is going to give you a loan for over $700,000, just because you have $180,000 in your pocket. You are going to have to determine what you have in the way of skills that would lend themselves to that kind of purchase. You may be the most capable person on the planet, have a ton of experience that is extremely valuable and be well qualified for such an acquisition, but you have not said anything here about that. Moreover, you have not said anything about location. Is Alaska okay? Or Boston? Or Miami...?

Yes, you can do it, but you need to provide much more in the way of detail, in order for anyone to effectively help you.

Jan 8, 2013
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Need something running, not any startup.
Thanks

Jan 7, 2013

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