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11-27-2014, 09:43 AM #7
I can tell you for someone that specializes in restaurants for the past 20 years, borrowing to purchase is a bad idea - if you were operating and needed additional capital that's different.
Nationwide the failure rate on restaurants is 90% so lets assume you manage to get an investor / Loan from someone in this forum, what assurances do they have getting a return on their money.. and if you don't have money to purchase then you don't have money to operate, and just because it is " Successful " now doesn't give any guarantee that it remains successful under new ownership therefore someone would loose all their money .... this would be a bad investment.....
Next time come with a plan BC a restaurant " Breaking Even " doesn't give me any reassurances that your an experienced operator.
A prospectus with a cash flow statement would give someone a clear understanding of your current financial position, and you might have a better chance - so at this point there isn't a business therefore your asking for someone to invest in You and not a business ..
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