Any advice on purchasing a seasonal business using leverage when heading into the off-season? Financing workarounds, deal structure, etc.? Would love to hear from lenders and searchers about any strategies used in this scenario.
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1) Keep the earnings cash in the business for the first year.
2) Keep the accounts receivable in the purchase.
3) Make thirteen week cash flow projections.
4) take a modest salary for yourself the first year.