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Selling a business involves a lot prep work. Here's solid overview from the NY Times> http://www.nytimes.com/2010/01/07/business/smallbusiness/07g...

Possible Option: Depending on the sophistication level of his employees, one or more could step-up as a potential buyer. Your friend could structure favorable payment terms. He gets checks monthly over 3-5 years. Win-win.



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