Tommy Dobczyk walks through buying a $12 million business: $5 million upfront, $7 million financed by the seller over two years. The owner wants out to go fishing, and the business runs fine without them. Improvements can justify the valuation.
Are you in the deal room? The problem really is too, is that he's been using it as a paycheck. So therefore it's not truly a commercial business as much as it has been a sole proprietorship. The nice thing is, is that with or without him there, it'll operate. So that part of it's good, but on paper and the reason why we're having to be creative. Now here's the other part. I'm doing a— I'm buying it for $12 million. I'm only giving him $5 million to get it. And then he's going to do an owner carry on $7 million. So he just needs it. Like I I said, the problem is that he wants to go fishing. I can just give him $5 million, he's going to go fishing, and then I've got 2 years to pay him off the $7 million. So, and with the plans that we got for the place, the ability to get to that $12 million mark will be very, very doable. Very, very doable, right? So that's the other side of it.
Mind-Blowing Phone Farms Explained: Unlock Social Media Growth Secrets! #shorts
Planning Secret Investor Retreats with Prism Jets: The Ultimate Networking Hack! #shorts
