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What potential business for 100K investment (absentee/part time owner)?

I'm somewhat skeptical when I see offers of businesses for sale. If someone owns a profitable businesses (especially as an absentee owner), why would they want to sell it?

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Being skeptical is a good thing. There are a few (very few) legit, profitable absentee owner sales available. Sometimes sickness, relocation or just plain burn-out play a part in an owner getting out of the business and passing on a great deal. At times, owning a business is like getting mugged, you just say take whatever you want! I'm tired of fighting, just get it over with.

Finding this situation is rare, but it does happen. Many small business owners work around the clock and often have to many "irons in the fire". They may just panic and say " I know I should keep it, but I just don't want to fool with it anymore." All that being said, it could take a year or more to find something that is a mostly absentee owner type of business that will really be a fit for you.

Most "absentee" owners spend much more time running the business than they tell you they do. And you still have the worry of: will my manager quit, is the place clean/safe, are they stealing from me, am I gonna get sued over something, are they taking care of the customers.... Like any business, an absentee owner usually has plenty of headaches and problems to deal with. I've found that you can get sucked into working the business full time because you see how much more money you could make if you ran it.

Good luck and STAY SKEPTICAL!!!

Mar 11, 2011

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