Side note from my other business purchases. I always try to get at list a minimum amount of Owner Financing not so much to reduce my cash outflow but so I’ll have some of their money in my pocket should some unexpected bills come in that they should have covered and/or material mistatements in their sales pitch that I can document.
For example I bought a bar about 15 years ago and had the owner finance part of it. A few months later a $1,300 bill came in that I just withheld from my next payment to the previous owner. Also had a friend in a similar situation where the seller of the business lied about expenses and so my friend documented it and let him know he was going to take a fair amount out of the debt the old owner was holding to compensate him for the loss in anticipated income.