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12-06-2017, 03:58 PM #1
- Join Date
- Apr 2017
- Posts
- 190
Who could assist me in this deal?
Have a client interested in acquire the operation of fast-casual asian wing shop in Logan Square. Client needs 300k, have 80k in his pocket. Bad Credit Score 500 only, is a startup but, to save time, he is looking to carry out a stock purchase of an existing entity. It will save time in permits, inspections, etc, for the location has the infrastructure already in place. Have a real estate’s sales brochure that has it at 165k. Basically my client is looking to do a stock purchase on obtaining a business that had failed. They had spent over $400k in their build-out and within 8 months of opening, they closed(march 2017). In Chicago, it is a time consuming process to go through a series of inspections but with an incidental license, to be able to vend alcohol beverages, it takes even longer. The existing business is selling their entity with all it's assets which includes the remainder of their lease(10 years with first right-of-refusal), infrastructure, kitchen equipment, and licenses. His intention is to take over the entity and get a DBA(Doing Business As) filed and reconcept the space. Once he close the deal, He already have contractors who will help him with a moderate build and open in a month. Please PM only with options. Thanks
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