Posted by LAA on January 09, 2009 at 07:16:01 from (212.93.220.66):
In Reply to: Transfer of business posted by ProudBlueSE on January 09, 2009 at 06:54:07:
I'm not sure this is exactly what you are asking but one of my Wifes Uncles sold his parts business to a long time employee on the pay as you profit plan. The buyer ran the business and paid the seller each month according to what he could afford from the profits, they had a pre-agreed total price of course, and a legal agreement. I assume the buyer paid it off as quick as he could as he is a conservative type guy and never really changed his lifestyle. I do know that the business was, and is, a substantial national franchise business that the buyer probably never would have been able to finance through conventional channels.
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