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My partner and I are in need of investors for start up of a salon. We would be leasing the location and have started negotiations for TI for the space and a reduction in the asking price monthly of the rent, and the owner is motivated to lease, however, the interior needs completely gutted, it was formerly a coffee shop so basically needs a total overhaul. We need $175,000 to get established and operate, and traditional loans aren't going to work for us as we have no collateral. I can say we have been fortunate as we have a lot of friends that are willing to pitch in for website design, marketing, print and media advertising and of course, extra muscle for the not so glamorous work of painting and scrubbing.

We will be working owners and have been in the industry for over 14 years, and know that the concept we have for the salon will go over really well, we are in a large city and in the area we have selected, there is no competition and extremely heavy traffic. The space is located on a highly visible corner and has very accessible parking, easy to get to by foot and public transport (bus stop directly outside door, train half a block away.) The area is heavily populated by restaurants and pubs, and has over 400,000 people residing in the area, numbers double during the day due to business.

Any advice or anyone that can point us to angels would be greatly appreciated, as we are very motivated to make this dream a reality!