The initial terms for the business are right where I want them to be. But, the owner "Would really like to sell the business and building together..."
Can I do it? Yes. And, the value of the building + business is still in line with the multiple I wouldn't exceed for the business. But, I just don't want an old building that needs work in an area that has no signs of an uptick.
What are you doing?
How are you adjusting terms?
Any suggestions are more than welcome.
BUILDING; is a home being used as an office on the first floor. Second floor is used as storage. A separate building is being used as a 1 bedroom apartment and has a 7 year tenant. Also has an oversized 2 car garage.
I want the business not the building
by a searcher from University at Albany, State University of New York - School of Business
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Having reviewed comparables, it's a "tough" area and it is a unique scenario with the two units but in separate buildings. I shouldn't need the location in 6 months but I did build in the right to buy at an already set price.
Admittedly, the business takes a lot of energy and this is definitiely a flaw in my plan; not having another operator available to handle the real estate