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 the bank isn’t comfortable financing them, it seems risky for you to be the bank. You’ll want to engage counsel and your CPA if you are serious about carrying the note for the purchase.