Looking to sell a business. Purchasers are employees. Traditional financing options (bank, SBA) have some negative aspects (for both). I’m not crazy about self-financing the deal, but would consider it. Other than just carrying the note, what are some other common considerations? Retaining a share of profit over a certain amount? Other ideas to incentivize early payment?
If you sell to employees and the business doesn’t make it…your out. I think most would advise you to sell the business before transfer of ownership.