Current Business on Property Include in sale of House
Found an interesting situation with a house and business included in the same sale. The business has been in place for 30 years and I am interested in continuing it as I have worked in that same industry in the past and could actually increase profits as there's no advertising. Its nonconforming for the township, but how its setup that will transfer confirmed with township. Point being its not a commercial lot so no SBA option there. We could break up the sale of business and house if that makes it easier.
I'm estimating that they currently make around 40-60k a year for about 3 months of work which is based on the numbers I know and some google maps information. (still waiting on P&L and details on assets that belong to the business)
That said this would cover the mortgage of the property but since the business is included is there some kind of product that would also take into account the income from the business? Since its included it would just be a new owner for an existing business, but since I have not seen this before I figured someone here might have delt with this in the past to some degree.