| Author |
Message |
arthur chambers (Art355)
Intermediate Member
Username: Art355
Post Number: 1780
Registered: 6-2001
| | Posted on Sunday, May 25, 2003 - 8:23 pm: | |
PeterS:
You've got my number, give me a call on Monday. If this pencils out, I have some friends who might be able to provide financing.
Art |
PeterS (Peters)
Member
Username: Peters
Post Number: 524
Registered: 1-2003
| | Posted on Sunday, May 25, 2003 - 11:15 am: | |
An SBA loan is an option, but we seek investors who will outright purchase the property and build the building (Or purchase an existing building that can be upgraded). The investors will receive a percentage of the profits and retain 100% ownership of the business and the property. With my girlfriends expertise and customer base, the value of her business should grow 20% a year over the next five years. Coupled with the explosive growth in Sonora, the property value should increase at least 10% per year over the next ten years! Whats in it for me?, I'll tell you! If she could only do catered events, she would be at home more often with me and the little one. I have watched her bust her butt for six years with profitable catering events, only to have the profits sucked up by the golf course where she has to provide food service as part of her lease terms. Its pretty sad! |
William Huber (Solipsist)
Member
Username: Solipsist
Post Number: 966
Registered: 9-2001
| | Posted on Sunday, May 25, 2003 - 10:11 am: | |
So why doesn't she apply for an SBA loan? |
PeterS (Peters)
Member
Username: Peters
Post Number: 522
Registered: 1-2003
| | Posted on Sunday, May 25, 2003 - 12:07 am: | |
My girlfriend of six years has been in catering for the last twleve years. She specializes in weddings and large events. We live in small town America, Sonora,CA. She currently has a leased banquet room at a local 18 hole golf club that is fairly nice. She is the most respected caterer in town. At the golf course, the profits from her catered events pays off the losses at the golf course where she has to serve breakfast and lunch as part of her lease agreement. Its a real loser! This city is extremely 'ripe' for an event center. Her bookings would turn about $1.8M a year at about 28%. She can manage parties for up to 450 people. With investment dollars through a title and escrow company, we could greenfield a brand new facility or purchase one particular piece of property that would do the job. The investment market in real estate here is very hot and nobody would lose on the land, building and the business. Interested? Drop me an email at [email protected]. |
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