I am about to close a deal that will be 77% seller note. We have been negotiating since January and the seller is highly motivated. We started at a 40% seller note in the LOI and worked it upwards through things we found during due diligence.

Hi ^redacted‌, it's unusual but not unheard of, and depends on the type of business, market conditions, etc. This typically gets discussed when there is some factor making it difficult to sell the business--for example, where there is extremely high customer concentration. All things being equal, a seller who has options is unlikely to agree to more than approx. 10% in seller financing. Happy to discuss further, if helpful.