Banks cannot lend on goodwill. They need solid assets that can be converted readily to cash. Business equipment and inventories are not favorite collateral with bankers. Usually less than half. Conflict between personal desires and financial considerations Financial considerations are important but do not drive the decision to sell.
Business owners sell their businesses to gain a life-style change.
They want to sell in order that they and their business can each move on to different levels. The decision is a combination of personal and financial considerations. Nothing a business owner will ever sell will have the personal attachment the business represents. Only you, the business owner, are capable of making the decision. Buying a business is a personal and life-style decision also, not purely a financial one.