How To Buy $100k in Annual Profit for $20k Down
Chris Small is looking to buy a business. He recently asked the Trends gang for advice and connections, and based on the replies, it sounds like a lot of you are in a similar boat:
- He’s got $80k-$100k for the deal
- Open to straight cash or some kind of financing
- Runs a digital marketing agency, and wants something in a different space
- Would prefer to be an absentee owner (got enough jobs already)
Sound like a tall order? Several people pointed out that any business selling for $100k is unlikely to yield f*ck you absentee-owner money.
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