The decision to sell your small business can be one of the most difficult choices you’ll ever make. Still, leaving your business is inevitable, and every business owner needs an exit plan. Unfortunately, there’s no guarantee you’ll find a buyer with a ready supply of cash. As a result, many small business owners offer seller financing to increase the likelihood of a successful sale.
Though this strategy has its advantages, there are potential risks involved. Understanding the pros and cons can help you determine if it’s the right exit path for you.