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Ever sold a failing business?

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Ever sold a failing business?

Old 09-25-07, 09:08 AM
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dauphin
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Ever sold a failing business?

Just wondering if anyone here has had the experience of selling a business by having a buyer simply buy it out by assuming the business' debt.
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Old 09-25-07, 09:58 AM
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Siu Blue Wind
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Fastest way to relieve yourself of such debt.

Although I have been one to invest in a business with a couple of partners. The owner was in dire need of help due to his inability to maintain books. Once we invested and hired someone to "clean up", we got back on track. He was able to buy it back from us - at a profit for us - and now is thriving well.

(Just an idea)

But if your interest in the business is nil, and if you cannot find any good investors, then it may be okay to call it a wash.

Bankruptcy is another option, with the exception that you keep it to the business only and not your personal effects.
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Old 09-25-07, 10:18 AM
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Originally Posted by Siu Blue Wind View Post
Fastest way to relieve yourself of such debt.

Although I have been one to invest in a business with a couple of partners. The owner was in dire need of help due to his inability to maintain books. Once we invested and hired someone to "clean up", we got back on track. He was able to buy it back from us - at a profit for us - and now is thriving well.

(Just an idea)

But if your interest in the business is nil, and if you cannot find any good investors, then it may be okay to call it a wash.

Bankruptcy is another option, with the exception that you keep it to the business only and not your personal effects.
that's a great idea. If only one knew where to find those investors who do not grow on trees.
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Old 09-25-07, 10:26 AM
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List it. Investors wanted. Or call those who have listed and see how they are handling it - what steps they are going through.
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Please dont outsmart the censor. That is a very expensive censor and every time one of you guys outsmart it it makes someone at the home office feel bad. We dont wanna do that. So dont cleverly disguise bad words.
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Old 09-25-07, 11:27 AM
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Can I ask what kind of business?
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