Buying a small buisiness

[texol]

I have been offered a small business and to buy outright would cost 14000 pound, the seller is a long time friend who is emigrating in December to America, on the money he has made from this buisness, he wants to now sell up but wants the buisness to go to someone he can trust (me). He has owned this buisness for 18 months and made his money back in the first 6, problem is i live in a council property and have no savings to buy it with, is there anything i could do to get me started? The total price includes everything i would need to start running the company.

[bednobs]

you say he made his money back in 6 months but how much did he pay for it?

[Postdog]

Maybe I'm just being cynical, but is this such a good deal, bearing in mind he's going to America?. It's not much good him being a friend for a long while if you are never going to see him again is it?

You see if it was me, AND it was a good deal, AND the other person was a friend, AND I'd made enough money to go anyway, then I'd probably find a way to let you buy it bit by bit.