Those of you who have had experience with structuring a deal and buying out a business from the seller, I would highly appreciate your financial advice.
The main two factors are:
1. The seller, who is the owner, operating his business, is interested to sell it because he is tired after 20+ years on the market.
2. The buyer, who has ideas and passion would like to enter and start managing and restructuring the business with the main idea to buy it out. The buyer doesn't have the money and assets to provide cash and assets, he can only provide time and connections.
Is there a way how to structure a deal between the seller and the potential buyer? For example, paying out something annually to the seller?
All your thoughts and knowledge are highly appreciated!