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The Wall Street Journal Online

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How to finance a bar with little income?

i would like to buy a bar but have very little income .should i look into seller finanicing or try to sell my home for more of a dont payment?

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david gil - In Buying a Business - Jul 10, 2009

Harris County, TX
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Answers (1)
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Peter Ireland

How to Buy a Business
WA

Well, seller financing is a lot more preferable than selling your home. Are you looking for a high end drinking establishment or a tavern? If it's the latter, there are probably a lot with elderly owners who want to get out. We call these "motivated sellers." Motivated sellers provide seller financing and all sorts of other compromises to get a deal done.

Web reference: http://dealflow.typepad.com/

Jul 10, 2009
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