He doesn't get hit with all those capital gains taxes all at once. In the middle are everything from computer technology firms to florists. Moody says traditionally a buyer will need to put up 15 to 20 percent of the purchase price. This can drop to as little as 10 percent in cases where the existing owner is willing to provide financing. Coming up with the money is not hard, Moody says.
Many local banks are eager to provide funding for already established, successful businesses.
Rates are down, currently averaging just a little higher than home loans. There is also a lot of help out there for new business owners. Moody, for instance, is a member of the Service Corps Of Retired Executives. Most of its members are retired business executives with decades of real world experience. You should go see them even before coming to us.