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Is there a business can be bought with $10,000 down in LA and surrounding areas with seller financing..

I am looking for a business that I can buy with $10,000 that has seller financing available..has to be in LA and surrounding areas..please contact at: atif.rf@gmail.com

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The BAF Group LLC
MD

Please be very careful. Any time you seek and find a business with little or nothing down, you are VERY frequently going to find a business that has either proven difficult to sell and so the Sellers are attaching extremely liberal terms to it; or, it is a business that has very little income, both now and in the future. Even businesses that are startups will require larger sums of money, in order to allow someone to enter the business.

Why might a business be difficult to sell? Because the Seller may have kept lousy books, and he/she cannot prove earnings. This is also why a Seller may be eager to take a note: No bank will find the acquisition.

THIS IS NOT ALWAYS THE CASE! There are some startups out there that can be purchased with that kind of money. But no matter what you are looking at - either startup or purchase of an ongoing business - you can be FAIRLY certain that the less the money you are asked to put into it in the beginning, the larger the risk you are taking in making money off of the deal. This is not to say that EVERY business that demands you spend $100,000 in advance is guaranteed to be a winner. But those are normally far more proven types of businesses, and should have the kind of records you want, in order to make certain of your investment.

No matter how much you spend, KNOW WHAT YOU ARE BUYING! You need to DO YOUR RESEARCH ON ANYTHING in which you are investing.

Finally, you have to ask yourself how much money you have, altogether. If $10,000 is it, and you have no cash reserves, no money in which to invest, no money with which to keep the business afloat in the first six months or so, DON' DO IT! It does you no good to have pride in business ownership, only to fail within the first several months, because of a lack of capital. And a HUGE number of businesses fail, for just that very reason.

That is one of the dangers of Seller financing, from the Buyer's perspective. If you are able to command an SBA loan, some loans will advance you capital for just such purposes, in addition to the price of purchasing the business.

Aug 22, 2010
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Cook County, IL

What is the purchase price you are seeking to pay for this business? What is the ROI you expect to make per year? Matt @ midwest54@aol.com

Aug 21, 2010