Results 1 to 4 of 4
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04-18-2019, 05:51 PM #1
- Join Date
- Mar 2019
- Posts
- 4
$350k Funding for Franchise
I have a client with a successful mortgage business looking to purchase a health and beauty franchise. Good credit over 760
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04-19-2019, 12:24 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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04-19-2019, 07:30 AM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Questions:
How much skin is buyer putting into the deal?
Does the purchaser have any experience in the Health and Beauty space?
What are they buying? Equipment? Inventory? a Lease and Goodwill?
Is the Franchise up and running and profitable?
Does the buyer have personal collateral to post in the event the business goes sideways?
Feel free to touch base on these types of deals. We do them routinely but deal cannot be a scenario where the buyer expects a lender to assume all the risk.
Richard Gusmano, Founder & CEO
Business Capital Consultants Corp
3237 Rt 112 Suite 9
Medford, NY 11763
rg@businesscapitalconsultants.com
Mobile: 516 510 3855
Office: 631-880-7501
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04-22-2019, 10:03 AM #4
- Join Date
- May 2016
- Posts
- 90
Richard, re your 4th question, do some franchises start selling units before they are up and running? I cant imagine thats being done much cause whole point of franchise is proof of concept
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