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Funding for purchase of existing business, Welcome Grandpa
Tell me more. Have you seen prior year tax returns??
Who will be the owner(s)?? you?? your son??
Have you prepared a Cash Flow Report?? and How long will you need the funds for??
Good luck, LUCKIEST
We have not seen there tax returns. They own 4 routes. We have 18 months data on the sales for this route.
My wife and myself will be the owner. Below is a brief overview. We are working on a business plan.
Requesting a loan of $60,000.00 to purchase an existing & profitable business.
It is Bon Appetite Pastries Inc. vending route. The route owners are Renee and Martin Duncan (Duncan Pastries, Inc.). They own four routes. They are selling this route for several reasons. The major reason is, they have moved to Madison, GA and are expanding routes to the east of Atlanta and need cash.
The route is located in DeKalb & Gwinnett counties. It has 72 locations. Of the 72 stores, only 7 are corporate (billed monthly) and 65 are cash on delivery (COD). Most are convenience stores.
Roger Kruger (age 39), my son, has been successfully working this route since Jan. 07. We have 4 prospects in Gwinnett and plan to market in North Gwinnett, Hall & Barrow.
Bon Appetit® is a 20 year old, privately owned baking company, specializing in gourmet baking and distribution of top quality Danish, cakes, muffins and a vast assortment of other fine gourmet products to the retail and convenience store industry. The corporate office is located in Vernon, CA. The product is stocked at a warehouse located on Boulevard Street in Atlanta.
Route Financial History:
Annual gross profit: $65,520.00
Robert J. Kruger - July 25, 2008