You just learned of a great acquisition opportunity.
Older owner with health problems ready to retire ASAP.
It’s doing $800K in revenue with $80K in profit.
You average $1.2M in revenue and $150K in profit.
Lots of low-hanging fruit to improve from day 1.
He’s asking $200K for the business which isn’t unreasonable.
But here’s the problem…
You’re tight on cash at the moment.
If you don’t jump on this opportunity, another franchisee will buy it.
Traditional banks & SBA will take too long.
You turn to your friends & family to raise the money.
The plan is simple: borrow the cash to acquire the business. Refinance or pay it off in 18 to 24 months.