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.