>local business for sale>send email to owner telling them im interested>they reply back with the asking price and other stuff almost immediately>ask to arrange a meeting to look over their books>radio silenceI dodged a bullet here didn’t I
>>61256267small business boomers are scam artist cock sucking niggers who deserve to be lynched to death.>NO LOW BALLERS 10X ANNUAL REVENUE I KNOW WHAT I GOT
>>61256267Whats the old saying about "gold mines"?If you find a "gold mine" for sale then what you actually have is a hole in the ground with a liar standing on it.
Why would you buy an ostensibly struggling business in the first place? If you got that kinda money just find an empty storefront and build a biz from scratch.
>>61256432I have no real experience running this kind of biz and figured it be easier to turn around an already established spot with an existing portfolio of customers and relationship with distributors and stable of employees is easier than building something completely from scratch. Am I wrong?
>>61256432if it's a real business with employees (and not some retarded solo "buy yourself a job" business) it can work. private equity companies carry out this playbook all the time.>slash headcount and fringe benefits for remaining wagies>force remaining wagies to work 60 hours a week (even better if salary -- no overtime wages!)>push margins even higher by raising prices and cutting corners on quality control>comparative financials look amazing>sell business to another company
