"Nothing can come of nothing: speak again."
King Lear (I, i, 92)
Many times I have been asked by a buyer if they can buy a business with no money down, and they then detail that they have great experience, great credit, great intentions, great plans, etc. etc. They have probably been watching a late night infomercial on buying real estate with no money down. My answer is always an emphatic "No". Buying a business requires capital!!! Yes, there can be "creative financing" but it always requires a realistic capital injection into the acquitsition of the business in an amount to make the Seller comfortable that the buyer is truely committed to the ownership and operation of the business and will not throw up their hands and walk away at the first sign of trouble.
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