Results 1 to 5 of 5
Hybrid View
-
08-31-2016, 01:15 AM #1
- Join Date
- Oct 2015
- Location
- Brea, California
- Posts
- 88
Carwash Purchase
Who would finance a carwash purchase. I am still getting more details but so far I only have the purchase price of around $900K. The buyer is also purchasing the land the carwash sits on through different financing.
I already asked for the
1.) Purchase contract
2.) last 2 years tax returns for the business
3.) Year to date profit and Loss
4.) Balance Sheet
I have also asked the following questions and waiting for answers:
1.) What is the total purchase price, including land and business.
2.) What is the land purchase price
3.) What is the exact business purchase price
4.) How much personal money is the buyer bringing into the business purchase side of the deal (down payment)
5.) What is the yearly gross revenue of the business
6.) What kind of profit does the carwash make a year
7.) What other assets, besides the land, does the business currently own. Are they being included in the purchase?
8.) Does the business currently have any debt? If so, is it being paid off with the purchase?
9.) What is our buyer’s FICO and overall credit.
10.) Does the buyer have any experience in the carwash business?
11.) What is our buyer’s net worth?
-
08-31-2016, 10:25 AM #2
- Join Date
- Dec 2013
- Posts
- 4,713
Zach at WBL ....
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
08-31-2016, 01:19 PM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
-
08-31-2016, 01:21 PM #4
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
When you get answers to your questions, feel free to reach out. I am not against funding an acquisition if the numbers all make sense.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
-
08-31-2016, 01:25 PM #5
Carwash Purchase
Sba
Similar Threads
-
Need Purchase Order Finance Company able to finance Haiti $3MM purchase order
By Fundyman in forum Deal BinReplies: 1Last Post: 07-25-2015, 09:56 AM -
Restaurant Purchase
By FSB in forum Deal BinReplies: 1Last Post: 07-08-2015, 06:53 AM -
Need to purchase ucc leads
By lilru911 in forum Deal BinReplies: 2Last Post: 06-22-2015, 01:05 PM -
gas station purchase
By omegafund in forum Deal BinReplies: 1Last Post: 09-11-2014, 05:16 PM -
Will anybody advance off of purchase orders??
By Hovis in forum All Other LendingReplies: 5Last Post: 05-27-2014, 11:53 AM