[stmarys]

Hi there

I'm looking for $650k for an acquisition deal. Here are the salient points:

1. Target company is US based. Trucking business. 28 years old.
2. Annual revenues of $1.5 Million
3. Profit Jan-May 2018 is $69k. $170k annual.
4. The seller will stay on as chief executive for 2 years min. Buyer retains option to hire him for two additional years beyond that. Profit in point 4 above is after the seller drawing salary at the same rate as post-acquisition.
5. $475k worth of RE (land, office, garage)
6. $450k worth of equipment (trucks, trailers, inventory, tools)
7. Buyer is a foreigner. No SSN.

Looking for a long term loan with RE as collateral, and the rest with equipment as collateral.

Who can fund this quickly?

TiA for your help
STM

[Jstarr]

Well, If it were just Real estate we could possible assist, being that its a trucking company i assume that the Real estate is a lot to park and repair trucks, and if that is the case then we have to look into enviro issues.

If it has a structure on it and not a delapated building, call me.

[stmarys]

Well, If it were just Real estate we could possible assist, being that its a trucking company i assume that the Real estate is a lot to park and repair trucks, and if that is the case then we have to look into enviro issues.

If it has a structure on it and not a delapated building, call me.

Hi, I've sent you an email, thanks.

To quickly address that point about RE, there's a 2.5 acre lot, a garage, and an office building. None of it is in bad condition, and it's all fully funcitonal.