[ABL America]

My client just bought (11/17) a Meineke Car Care Center in California that does $500K/year based on last year, but the store needs improvements. He owes $100K to a private investor and $50K is seller carry back.

Average deposits per month of around $45k for his 1st 3 months owning the shop, with a 5 figure daily balance every day.

He wants to pay that off and have $300K working capital. His credit score is 690.

He has about $160k in equipment that can be used to refi the current debt and give him some of the cash he needs (no RE).

Is this is a deal for you? No brokers please.

[Yankeeman07]

My client just bought (11/17) a Meineke Car Care Center in California that does $500K/year based on last year, but the store needs improvements. He owes $100K to a private investor and $50K is seller carry back.

Average deposits per month of around $45k for his 1st 3 months owning the shop, with a 5 figure daily balance every day.

He wants to pay that off and have $300K working capital. His credit score is 690.

He has about $160k in equipment that can be used to refi the current debt and give him some of the cash he needs (no RE).

Is this is a deal for you? No brokers please.

I may have a solution - but, I'm a Broker!