buying a small business

[Redskin Rich]

Originally Posted by Mattyk72

They own the space.

I would definitely have an accountant review their numbers.

Good advice guys thanks

Matty... if you do this, make sure you go into it with your eyes open... Scneed is giving you some good advice.

When I started my business, someone told me be prepared for it to suck funds from you for 5 years. If they are selling it after 2 or 3 years, then they could not afford to either take the loss, or it did not generate enough income to support them (if it is their soul means of support). If you "buy them out" be prepared for the 5 year rule. I think I finally could see light at the end of my tunnel after about 4.5 years.

Don't let these comment scare you from self employement. I don't think I could EVER work for anyone again.