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Old 02-15-2011, 09:57 AM
lawn's Avatar
lawn lawn is offline
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Join Date: Aug 2003
Location: at a yard working!
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What do you think?

[FONT="Book Antiqua"][SIZE="5"][COLOR="DarkGreen"]As you all know I am in the process of selling my business. I have a guy that is been trying to buy it from me for a long time but so far nothing in paper.
I got a call again from this guy saying that this time he is serious and has a partner that will put down 100K the rest of the money to be paid in a few months and then in December or so or however we agree to it.
Lots of questions are going in my head which I will need your input on it.
1) How do I negotiate the balance?
2) He probably wants to give me a deposit and take over the business, what happens of he loses clients, does not run well the company and won't pay me?(He said that I can hold tittles of vehicles and they will pay me).
4) what options do I have? any tips will be much appreciate it.
Thanks guys!
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Old 02-15-2011, 09:59 AM
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lawn lawn is offline
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Sorry... I forgot....

My idea is to get the deposit, I will keep the business until they finish paying me or at least when they paid 75% of the price.

what do you thinK?
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Old 02-15-2011, 06:52 PM
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nobody has an opion?
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Old 02-15-2011, 07:13 PM
Puttinggreens Puttinggreens is offline
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Location: southeast PA
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We have opinions, but your best bet is to speak to a lawyer who handles these type of transactions regularly. It will be money well spent.
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Old 02-15-2011, 08:06 PM
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walker-talker walker-talker is offline
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If your business is worth over 100K, I would not seek advice here....we're just like you. You need everything in writing and need a lawyer. That's my opinion.
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