A friend and I would like to approach a company's owner to see if she is interested in selling her business. I am not sure the steps that should be taken. We have never met this lady, although we know quite a bit about her. She is a widow and in her late 60s to early 70s. Can any one help with the steps? Should we have a $$ amount to approach with? If so, how do we get to the number? What sort of agreements of funds can be made? Is it possible to pay her installments over a number of years, and how would that benefit her? Thank you for your input.
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