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Old 04-06-2004, 09:31 PM
arifsealey arifsealey is offline
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Join Date: Apr 2004
Posts: 1
Absentee owner purchase

I finally found a small business forum! Glad to be here. My wife and I will be leaving the Army (currently in GA) next year and move back to TX. I planned on buying a business once we got there. However, I was surfing a site that lists business' for sale and found one that I am interested in. It is a towing company with management in place. Seems the owner is absentee and leave most of the day to day operations to the manager. He is offering 100% (think with part SBA loan) and that makes me think this is a solid co. if the owner is willing to finance a large part of the business. I want to purchase this business but need advise on the how to work the long distance. I am thinking of asking the seller since I think that's what he is doing now.
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