Hello All! I am planning to buy an existing running business from the previous owner who had run into major loss in recent monthes in the business. Now the scenarioes are:
1) The average income of the area people is over 100k.
2) However, i am getting this store just by taking over the bank payment from the owner and with some little cash.
Now, What would be the best steps for me to go about this thing? I am buying a business in a high income area but however i dont have to pay this owner anything much as he is trying to leave the business with good note by not destroying his credit. I am taking over the payments and the little cash that i am giving is close to 20k only.
So, my question again, what is the best way to go here. My primary target is to get the E-2 application thourgh this.
Please help.
1) The average income of the area people is over 100k.
2) However, i am getting this store just by taking over the bank payment from the owner and with some little cash.
Now, What would be the best steps for me to go about this thing? I am buying a business in a high income area but however i dont have to pay this owner anything much as he is trying to leave the business with good note by not destroying his credit. I am taking over the payments and the little cash that i am giving is close to 20k only.
So, my question again, what is the best way to go here. My primary target is to get the E-2 application thourgh this.
Please help.