How Do I Find Investors For Buiness I Have Found
i found 14 acers of land on which sits
a single wide trailer on fondation
a 4 bedroom house
a bar and club
a restraunt
lottery outlet
cigerette store
it sits in two states and pocesses 2 liqeur licenses, 2 tobaco licenses and a powerball outlet which is only aloud in one state already showing a profit of over 25000 a month for last 2 years plus. how do i get money to buy this as i have bad credit due to x wife. how do i find backers that just want to invest money willing to take monthly payments over a long term investment
thanks in advance for any help [ Edited by elmster on Date 09/23/2003 ]
If it's an amazing deal, funding will be easy. If it's a really good deal, funding will be possible, if it's a FMV deal, then it's probably time to walk away.
So far you haven't told us anything helpful. If it's $1, buy it....if it's $10,000,000 with $100 per month income then don't buy it. We have no idea what this property is like from an investment stand point. Do you? If you do, add some details so we can be more helpful.
In NM. one thing I suggest you check on is that you will be able to continue doing business....
liq. and tabaco and lottery.....
May be under the regulations of indian or Tribal laws.... Just an FYI
They have diff. rules and regs....
it is not in nw mexico in colrado and whyoming on border cost is 2.1 million and the poperty apprasied at 1.7 for just land and buildings did not include buiness that are there or license all the licenses are transferbly and grandfathered in to the poperty
will still be able to do buiness and have goals of adding a shooting range to the land as i already have my ffl
i have every desire to own this poperty and manage it i see it as a dimond in the rough as i have worked in bars and managed them for about 6 years just dont have much realstate knowdledge with a little work i think i can tripple sales and profit in 6 months the owner has been there 30 years and she is ready to leave and has not made many improvments for last 2-3 years and has just been relaying on locals no advertising for the most part
it sounds like it is complicated or could become complicated..may be time to walk away.
elmster,
sounds a little tough - but don't fret; sounds like it has great potential. If the seller is motivated then maybe you have a potential deal. let me know if I can help
Have the seller carry the entire purchase price with a percent of the future business. It could be a win-win solution. The current owner wants to sell and you want to buy. You could increase the value substantially with proper manangement and some rehabing. Offer to keep the owner a small share of future profits and appreciation (10% or so) That way you can get in with no risk and no money, the seller gets paid monthly on the note and some profit.