Is now the time to buy a business?

Courtesy Ask FSB  Wed, 11/12/2008 - 07:47

A downturn can be a great time to become an entrepreneur - but only if you’re prepared, financially and emotionally, to wait out the economic turmoil.

Charlene, Fort Myers, Fla.


I’m interested in buying a small pack-and-ship company. It’s for sale for $70,000 with a gross profit of $245,000 a year.

As an owner, after making all my bills and deductions, I would make about $60,000. My husband and I want to run it ourselves, with...


 

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