Many buyers worry that their business’s debt will keep it from selling, but this is usually not the case. Because you have so much invested in your business, the struggles your business is facing are probably your only focus. You probably no longer see the positive aspects of your business because debt is obscuring your vision.
However, a potential buyer may be able to see your business’s potential more clearly than you, meaning they could still have a reason to buy despite the debt. They realize that they face large amounts of debt whether they choose to start their own business or purchase your existing one, and for many people, the latter is the smarter option. Therefore, there are many people who would be willing to consider purchasing your struggling business, despite the debt.
For more information and strategies for selling to these buyers, visit thetenneygroup.com.