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03-10-2016, 06:44 PM #1
Reputation points: 10
- Join Date
- Dec 2015
- Location
- San Diego, CA
- Posts
- 25
Need to fund Asset sale
So I have a Newbie who is needing funding for an asset sale of a bar/grill to the tune of $175K. The business is running right now and has $100K in fixtures. No Real estate is in play but the Newbie has equity to pay in of around $100K
Anyone who would touch this?
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03-10-2016, 06:46 PM #2
Reputation points: 10
- Join Date
- Mar 2016
- Posts
- 14
What's the TOB and the monthly deposits?
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03-14-2016, 03:59 PM #3
Reputation points: 4530
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Is your Newbie experienced in the bar business?
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03-14-2016, 04:50 PM #4
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
So the Newbie investing 100k and seeks another 175k?
Having owned a few restaurants other than walk in boxes and taps- there isn't very much that has any value whatsoever relating to 'fixtures'..
What is existing entity do annually in revenue? Profitable?
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