one option that is common with small business owners is to approach an employee of the company about buying the business.
there are lots of ways to structure such a transaction. a common way is seller financing, where the seller receives a small down payment, in kind, on the purchase price. the balance due is then paid monthly (or quarterly) to the seller over some period of time (with or without interest, depending on the contract).
ether way, an attorney should be used to draft the contract and make sure all possible "gotchas" are covered (ex. the business goes bankrupt during the payment period). a lien on the buyer's home or other valuable asset is commonly used to protect the seller during the repayment period.
there are lots of ways to structure such a transaction. a common way is seller financing, where the seller receives a small down payment, in kind, on the purchase price. the balance due is then paid monthly (or quarterly) to the seller over some period of time (with or without interest, depending on the contract).
ether way, an attorney should be used to draft the contract and make sure all possible "gotchas" are covered (ex. the business goes bankrupt during the payment period). a lien on the buyer's home or other valuable asset is commonly used to protect the seller during the repayment period.