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2 Replies Last post: Apr 14, 2009 1:33 PM by LUCKIEST

Retail Store for Sale & Seeking Loan Options 4 Buyer - HELP!

Apr 13, 2009 6:42 PM

Click to view alaskaduffys's profile Start-up alaskaduffys 1 posts since
Apr 13, 2009

Last July I opened a store that sells new and gently used children's items as well as maternity clothing. With the downward spiral of the economy, our little store has actually done great since more people are turning to budget-friendly options for baby items especially. The store is able to sustain itself, and I am begining to recover my initial investment. The problem is that my husband is relocating his business headquarters a few hundred miles away, and therefor I am forced to either sell or move my store. I have had several ladies interested in buying it, at $38,000, which is about what we have in inventory and assets. The most promising buyer, has been working hard to find loan options thru her bank, but isn't having any luck dealing with them. She owns a home & several vehicles, and has a husband with a solid job. I am begining to become concerned that the average hard working American may not really have loan options available for a situation such as this. It really is a shame since I have put very little into advertising and am already doing very well. This store has incredible potential, but I know the banks are only looking at numbers and risks right now especially. Does anyone have any advise regarding a small personal line of credit, or other such options that I may be able to offer my potential buyer?!?!? We are both VERY motivated to make this happen!!! Please help.
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Click to view phanio's profile Mogul phanio 483 posts since
Apr 7, 2009
1. Re: Retail Store for Sale & Seeking Loan Options 4 Buyer - HELP! Apr 14, 2009 12:49 PM
Bank loans are hard to get. But, there are several alternative funding sources that could easily help your buyer. We provide information and resources for several of these on our website - www.businessmoneytoday.com - There is no cost to visit our website - we just provide information and options for people looking to find capital to start, buy, or grow their business.

Business Money Today
Click to view LUCKIEST's profile SCORE LUCKIEST 7,933 posts since
Aug 6, 2007
2. Re: Retail Store for Sale & Seeking Loan Options 4 Buyer - HELP! Apr 14, 2009 2:05 PM
Retail Store for Sale, Welcome

Who are you?? Where are you?? It is always easier to answer a question with a first name.

You are looking for advice or a suggestion. Can you be the loan person and hold the notes on the store.
When the buyer makes payments, she will be paying you instead of the bank.

LUCKIEST