Tuesday, July 10, 2001

Re: Question

Hi John


I was looking in the business section of newpaper for businesses for sale.

There was an ad to become a Mexican importer? Are these typically scams?


Thanks

karla >>

No idea, but...

The rule of thumb is you pay for any business you buy out of the income
stream, one never pays cash. If someone will turn over all of the assets to
you for a contract that says he gets a percentage of the sales, then there is
a possible deal.

The proof is the bank that will lend the cash against business assets to gain
the seller's income stream. No bank, no deal.

John


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