Restaurant 4.8Mill Annual revenue /3rd position search
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  1. #1

    Restaurant 4.8Mill Annual revenue /3rd position search

    Hello.

    Please let me know who can help..

    I have someone who owns a restaurant and is looking for a third position, who needs ideally 250k, possibly he would go low towards 100k if was only option. He was originally funded 150k and 200k. His outstanding balances presently, remain as 23k and 55k. 23k will be paid off in full in a few weeks. Merchant grosses 400k^ monthly, has great banks, maybe 1 negative at end of month because of his AR gap, and is looking for around 1.30 if possible. Term is the most important to him i would say... 12 months he is looking for.. but will settle for less if numbers work,, and up to 6250 a week in payments....

    issue is .. merchant had to reogranize business bc when he bought it it had legacy sales tax issue so he formed a new entity and bankrupted the old one.He kept making payments to lenders under new entity...

    I am just saying what he is looking for.. let me know if anyone can do something along these lines thanks

  2. #2
    Senior Member Reputation points: 35668
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    Aug 2018
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    Im a broker but i may have someone who can help. Pm me.

  3. #3
    i am a broker as well however i may have someone who can do a 1st here. Let me know

  4. #4
    Hi good Afternoon.
    Were you able to find a home for this deal? if not please give my associate scott a call tomorrow at 516-231-5594.

  5. #5
    Senior Member Reputation points: 5933
    Join Date
    May 2017
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    122

    Quote Originally Posted by Jackie8424 View Post
    Hello.

    Please let me know who can help..

    I have someone who owns a restaurant and is looking for a third position, who needs ideally 250k, possibly he would go low towards 100k if was only option. He was originally funded 150k and 200k. His outstanding balances presently, remain as 23k and 55k. 23k will be paid off in full in a few weeks. Merchant grosses 400k^ monthly, has great banks, maybe 1 negative at end of month because of his AR gap, and is looking for around 1.30 if possible. Term is the most important to him i would say... 12 months he is looking for.. but will settle for less if numbers work,, and up to 6250 a week in payments....

    issue is .. merchant had to reogranize business bc when he bought it it had legacy sales tax issue so he formed a new entity and bankrupted the old one.He kept making payments to lenders under new entity...

    I am just saying what he is looking for.. let me know if anyone can do something along these lines thanks
    Please call me. I'd love to discuss the deal with you.
    Isaac N Mizrahi
    ISO Relations Manager | SPG Advance, LLC
    Office: 212-225-8279
    Mobile: 323-617-1397
    Email: Isaac@SPGAdvance.com
    www.SPGAdvance.com

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