Hi, I am new to this forum and the business world so please bear with me. I am looking to finally get my own business after working for other people for 20 years. I want to buy an existing business or franchise. If I have $100,000 cash and another $150,000 equity, plus excellent credit, how much can I afford? I am looking locally and on the internet for opportunities, But I would like to know the price range I should be looking at with this amount of buying power. Is there some formula that I could use to figure this out? What amount would a bank loan me with these numbers? I need to know so I can know which opportunities to look at. Thanks
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