FUNDING ACQUISITION OF FAMILY BUSINESS
My uncle owns a land-use/development consulting business and is looking to retire. I work for him currently (along with 3 other employees). The business is fairly small ($1M revenue), but he wants to include approx. $6M worth of land (with various entitlements) in the sale. He'd carry a note for some of the cost and stay on for 2-3 years on a part-time basis (to finish out projects with larger clients). I don't have the personal balance sheet to buy the company (and/or PG any debt). Any tips on where I might start looking to fund an acquisition? The business throws off healthy cash flow and the basis for the development properties is fairly attractive.