Buying a business 3 hours away

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by a searcher from Boston University
in Albuquerque, NM, USA

1yr ago

Buying a business 3 hours away

Hello! Does anyone out there operate a physical business (non online) where they are not onsite every week? I'd love to talk to any holdco owners or operators with businesses that are located a couple hours from them. For context, I am looking at a business that is 2.5 hours driving from me where it is fairly rural and my wife and I would prefer not to live there full time. Any experiences, tips/tricks, horror stories would be welcome

1 Like

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reply by a lender 1yr ago
in Falmouth, MA, USA

It depends on several factors, but I’ve successfully created feasible plans for buyers in similar situations. Generally, you need to be prepared to commit daily if required for the success of the business. I’d be happy to walk you through a few scenarios—feel free to email me at redacted

reply by a searcher 1yr ago
from Massachusetts Institute of Technology in Tel Aviv-Yafo, Israel

is it possible to "make it online" even though it is not?
we use a platform called "gather" which is a virtual office and it is legit. redacted