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10-30-2015, 11:35 AM #1
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Sounds like the client is in a tough spot. With most restaurants, unless he owns building, the lease with Landlord includes 'key' money which includes the kitchen and fire suppression equipment. As the burners depreciate in value down to nothing- the only items that hold value are walk in refrigerators. Without being to leverage that, and without revenue he likely needs to sell equity to raise capital or perhaps leverage personal assets..
Richard
www.businesscapitalconsultants.com
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