5w investment, 5w back per year, that is 100% ROI. You may borrow money and pay interest upto 15%.
Banks can grant you small business loan at prime plus 3%. The conditions are: no more than 90% of total store equity; providing a financial projection about the business; providing other guaranty, such as other personal assets, spousal guaranty, your other sources of income, loan insurance, etc.
The sale price shall include two portions: goodwill and equipment worth. The banks normally will recognize the value of equipment as collateral to back up the business loan. Ask the seller to give you an equipment list with item name and current value. The bank may ask an independent assessment of the total value when considering your loan application.
There are other avenues to gain access to private capitals. The interest rate may be higher than bank loan, but definitely lower than partnership.
Banks can grant you small business loan at prime plus 3%. The conditions are: no more than 90% of total store equity; providing a financial projection about the business; providing other guaranty, such as other personal assets, spousal guaranty, your other sources of income, loan insurance, etc.
The sale price shall include two portions: goodwill and equipment worth. The banks normally will recognize the value of equipment as collateral to back up the business loan. Ask the seller to give you an equipment list with item name and current value. The bank may ask an independent assessment of the total value when considering your loan application.
There are other avenues to gain access to private capitals. The interest rate may be higher than bank loan, but definitely lower than partnership.