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3 Replies Last post: Mar 30, 2009 1:45 PM by daydreamer

Seeking funding for cafe

Mar 30, 2009 11:57 AM

Click to view daydreamer's profile Professional daydreamer 3 posts since
Mar 30, 2009
I am in need of funding to acquire an established cafe. This cafe already has steady repeat customers and is located on a busy US highway.

I would appreciate any help or advice. Thank you.
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,933 posts since
Aug 6, 2007
1. Re: Seeking funding for cafe Mar 30, 2009 12:41 PM
Seeking funding for cafe, Welcome Marcia

Tell me more. How much funding do you need??

Do you have prior year tax returns that I can see?? Have you developed a Business Plan??

Talk to me, LUCKIEST
Click to view Creditbuilder's profile Mogul Creditbuilder 134 posts since
Jan 17, 2009
2. Re: Seeking funding for cafe Mar 30, 2009 12:50 PM

How long have you had your cafe? If its been 2+ yrs you might get up to $250k and if less probaby about $150k... for more info see businessformationgroup.com/news or all 702-885-4926
Click to view daydreamer's profile Professional daydreamer 3 posts since
Mar 30, 2009
3. Re: Seeking funding for cafe Mar 30, 2009 3:44 PM
in response to: LUCKIEST
I am looking for what I guess you would call a microloan. $15,000. This cafe has been in business for approximately 6 years. The person that had it is wanting out due to relationship problems and being tired of working it. Anyway, I have asked her for financials but she has not supplied them yet. She is wanting only $7,000 for everything and I have already given her $3,000.

I can say that I am familiar with this cafe (we have frequented it in the past) and it is on a very busy highway. There is a lot of construction and businesses and Disney is building a Dinosaur Theme park 1/2 mile down the road, so I know that business will be great. I have already made arrangements with a trailer company down from it so that they bring their customers down to the cafe while they are in the repair shop.