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Mritz

posts: 5

Mar 24, 2008 3:32 PM ET Quote Report Abuse

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Hello,

I am a Chef and I am looking to purchase an existing 2COP 95 seat restaurant located in a renovated downtown area. The location is in New Port Richey, Florida. I have a complete business plan including projected income/expenses as well as complete documentation from 2005-2007. Please, if anyone can help me I would be greatly Thankful. The total investment would be around 175k with an 13-15% return within 3 yrs.

God Bless

Mike

robertj

posts: 1458

Mar 24, 2008 3:49 PM ET Quote Report Abuse

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Mike,

From your brief intro, it sounds like you are seeking a loan to purchase the restaurant. Generally speaking, lenders want to see:

1 An ability to repay the loan (income)

2. Assets to "encourage" repayment.

On the other hand, if you are looking to attract investors for a equity exchange, they usually look at the return on investment potential -as compared to the perceived risk.

-------------------------

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Mritz

posts: 5

Mar 24, 2008 3:54 PM ET Quote Report Abuse

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Robert,

Thank you for your response. At this point I am looking for any money that will help me reach my dream. Unfortunely, a tradional loan is not viable however an investors that would like a good return for their money would be perfect.

Thanks,

Mike

robertj

posts: 1458

Mar 24, 2008 4:44 PM ET Quote Report Abuse

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While I appreciate the passion for your dream- I`d caution against the "any money" concept. All capital is not the same and some can be very expensive.

If you intend to approach possible investors, I`d suggest preparing a "package" that reduces their perception of the risk.

Mritz

posts: 5

Mar 31, 2008 6:50 AM ET Quote Report Abuse

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Robert,

Thank you for your help. I do have that"package" in place.

robertj

posts: 1458

Mar 31, 2008 9:08 AM ET Quote Report Abuse

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Mike,

That`s great.

Generally speaking, a 13-15% return (which you mention in yor initial post) may be a bit thin for investors.

Good luck

Mritz

posts: 5

Mar 31, 2008 9:10 AM ET Quote Report Abuse

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Robert,

I am willing to discuss higher terms.

robertj

posts: 1458

Mar 31, 2008 10:14 AM ET Quote Report Abuse

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Mike,

Hopefully, you`ll find someone who is interested enough to negotiate with you.

Kala

posts: 9

Mar 31, 2008 6:26 PM ET Quote Report Abuse

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Hi Mike,

www.BizPartnerHunt.com sends out monthly lists of Angel Investor contacts to email subscribers. They also have an Angel Investor Directory which you can download for free off their homepage. I`ve seen several people post ads there looking for investors. You may want to try it and let me know if the site helped any.

-------------------------

Kesha G. Brown
BPH Marketing Assistant: Contact via email
www.BizPartnerHunt.com - Post & search FREE ads to find a business partner or investor

Mritz

posts: 5

Mar 31, 2008 8:13 PM ET Quote Report Abuse

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thank you

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