I am trying to acquire a restaurant business. It is a well known establishment in an area that is doing better off than most parts of the country in these tough economical times. The owner is willing to hold a portion of the note, or financing. He was asking $750,000, I offered $700,000, if he could hold $300,000. I am looking at trying to find one or two investors for a total of $600,000 for the rest of the financing for my idea on this turnkey, turnaround operation.
Thanks for pointing me in the right direction.