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He cannot give me much data on balance sheets or p&l because it's part of the whole corporation. He did give me some rough numbers and said I will have access to all marketing materials, banners ,...

I have had companies sell their businesses but retain rights to the name, often with a transition period as he has suggested. It is a little tricky but it can work. I would try to move to a new name...

Proceed with caution. Get the numbers and determine if you can be profitable without the retail nor the IP.

Out of curiosity, what would the IP cover?

I might be wrong , but I think IP just...

Good morning! I was approached by a former employee recently, and asked if I was interested in buying his business. He owns a upfitting company that works on police , fire, and rescue vehicles. He...