I need 3M - 4.5 Million Dollars...

[TheHaitian]

How do I go about getting it? Or get someone to invest in my idea and let me manage it?

Warehouse for sell, including business and license...: building need some “upgrades” but perfect for the select group it caters too.

Building was purchased back in 2014 for $925,000 but now selling the business with it and alcohol license would come with it.

I think right now location and parking are the big drawback (third time back here this week checking it out) but with the right attraction people would be willing to drive there and parking can be arranged with neighbors (other businesses that are closed at night).

Who would be crazy enough to finance my idea?

[mollyanna58]

Do you have a written business plan to show investors?

[Deleted]

Start up a GoFundMe account.  Make sure you include a cute picture of your little girl.

I'll chip in $200.

[oped]

I need like 100 million. Sigh. A local-ish mall is going to sherif sale because of mortgage default. 

[Tiny]

May 26, 2019 22:33:22 GMT -5 TheHaitian said:

How do I go about getting it? Or get someone to invest in my idea and let me manage it?

Warehouse for sell, including business and license...: building need some “upgrades” but perfect for the select group it caters too.

Building was purchased back in 2014 for $925,000 but now selling the business with it and alcohol license would come with it.

I think right now location and parking are the big drawback (third time back here this week checking it out) but with the right attraction people would be willing to drive there and parking can be arranged with neighbors (other businesses that are closed at night).

Who would be crazy enough to finance my idea?

This sounds suspicious to me     Are you opening a Brew Pub, Gentleman's club, or cannabis store?      Right now, in my area  Brew Pubs are doing pretty well in "difficult" spaces - as the Pubs are usually open late afternoons/evenings (and don't compete with the daytime businesses/parking) and don't seem to attract loud rowdy people.    The Gentleman's club and hookah/cannabis places are a different story. 

Alternatively - there are a couple of banquet halls that do NOT have much parking (like 35 spaces for a hall that can accomodate up to 250 people) that use other businesses parking - and it's a huge traffic mess AND trash mess and the parkers spill over onto the residential streets and generate alot of late night noise and trash (beer bottles, food containers, etc) on lawns and streets.  

So, before I invest in your venture - I need to know more about the business (and how close to homes it is). 

[sesfw]

Maybe 'Shark Tank'?

[dannylion]

Just speaking for myself, I avoid places with difficult parking.  If it's too hard to get in or out or if there are too few spaces, a lot of potential customers will just drive away and find somewhere else to spend their money.  If enough potential customers do that, the business can cease to be a business.  

[Rukh O'Rorke]

serious question - if you had 4 mil - would you buy this or just retire?

[Deleted]

May 27, 2019 11:04:06 GMT -5 Rukh O'Rorke said:

serious question - if you had 4 mil - would you buy this or just retire?

LOL  When I first read the title I thought it was a "to retire" number and was thinking I only need about 800K and I'm there.   

[Ava]

You should put together a business plan with all the details, relevant information, etc.

That will be the document you present to prospective investors. It would also help you clarify details and evaluate whether the plan is doable.

Personally, I think starting a business is a lot of work with many, many possible downsides to it and you can end up broke after working 16 hour days for years with no salary. There is also a chance, small, that you may succeed. Statistically, the majority of businesses fail.

In your shoes, I would continue my search for a better job, keep digging myself out of debt as best I can, save for retirement, and enjoy your family time.

[Deleted]

Or start a business you can cashflow and build it slowly.  That way if it goes under you're not out anything.  

[Lizard Queen]

May 27, 2019 12:05:16 GMT -5 minnesotapaintlady said:

May 27, 2019 11:04:06 GMT -5 Rukh O'Rorke said:

serious question - if you had 4 mil - would you buy this or just retire?

LOL  When I first read the title I thought it was a "to retire" number and was thinking I only need about 800K and I'm there.   

That's exactly what I was thinking, too, that it was a to retire number.

[alabamagal]

May 27, 2019 12:13:54 GMT -5 minnesotapaintlady said:

Or start a business you can cashflow and build it slowly.  That way if it goes under you're not out anything.  

That is how we built or business (retail printing). We could live on my salary and benefits and DH ran the business. We had some good years and some not so good, eventually sold it after close to 20 years.

After 3-3 years open, we did the whole business plan to expand and buy equipment, but nobody wanted to do it. Actually had some people tell us they could finance real estate/ business location, but we didn’t want todo that. We did all leased location and mostly leased equipment. Got in trouble a couple of times with leased equipment.

Good luck!

[TheHaitian]

May 27, 2019 8:31:23 GMT -5 mollyanna58 said:

Do you have a written business plan to show investors?

I could if it gets to that...

[TheHaitian]

May 27, 2019 9:13:26 GMT -5 Tiny said:

May 26, 2019 22:33:22 GMT -5 TheHaitian said:

How do I go about getting it? Or get someone to invest in my idea and let me manage it?

Warehouse for sell, including business and license...: building need some “upgrades” but perfect for the select group it caters too.

Building was purchased back in 2014 for $925,000 but now selling the business with it and alcohol license would come with it.

I think right now location and parking are the big drawback (third time back here this week checking it out) but with the right attraction people would be willing to drive there and parking can be arranged with neighbors (other businesses that are closed at night).

Who would be crazy enough to finance my idea?

This sounds suspicious to me     Are you opening a Brew Pub, Gentleman's club, or cannabis store?      Right now, in my area  Brew Pubs are doing pretty well in "difficult" spaces - as the Pubs are usually open late afternoons/evenings (and don't compete with the daytime businesses/parking) and don't seem to attract loud rowdy people.    The Gentleman's club and hookah/cannabis places are a different story. 

Alternatively - there are a couple of banquet halls that do NOT have much parking (like 35 spaces for a hall that can accomodate up to 250 people) that use other businesses parking - and it's a huge traffic mess AND trash mess and the parkers spill over onto the residential streets and generate alot of late night noise and trash (beer bottles, food containers, etc) on lawns and streets.  

So, before I invest in your venture - I need to know more about the business (and how close to homes it is). 

A mixture of a brew pubs and gentlemen club.

The parking issue from what I gathered is :
A) layout, issue can be fixed and have a gated side that can be open up for more parking.
B) can approach the current business owners (identified 2 of them) about using their adjacent parking space in the evening (they are closed)
C - obviously would cover the extra cleaning that may be required.

[TheHaitian]

May 27, 2019 10:20:59 GMT -5 dannylion said:

Just speaking for myself, I avoid places with difficult parking.  If it's too hard to get in or out or if there are too few spaces, a lot of potential customers will just drive away and find somewhere else to spend their money.  If enough potential customers do that, the business can cease to be a business.  

This is DC - difficult parking is a way of life! Most folks Uber for their nightly pleasures but others would rather drive so want to have some more options for them.

[TheHaitian]

May 27, 2019 11:04:06 GMT -5 Rukh O'Rorke said:

serious question - if you had 4 mil - would you buy this or just retire?

I would buy it!

[mollyanna58]

May 27, 2019 14:46:13 GMT -5 TheHaitian said:

May 27, 2019 8:31:23 GMT -5 mollyanna58 said:

Do you have a written business plan to show investors?

I could if it gets to that...

Do it if you want to be taken seriously.

[oped]

May 27, 2019 14:46:13 GMT -5 TheHaitian said:

May 27, 2019 8:31:23 GMT -5 mollyanna58 said:

Do you have a written business plan to show investors?

I could if it gets to that...

If it gets to that? I don’t think it’s a last stage option... it’s pretty much a mandatory prerequisite...

[Lizard Queen]

What's your projected ROI?

[TheHaitian]

May 27, 2019 15:41:55 GMT -5 Lizard Queen said:

What's your projected ROI?

10%

[TheHaitian]

May 27, 2019 15:27:54 GMT -5 oped said:

May 27, 2019 14:46:13 GMT -5 TheHaitian said:

I could if it gets to that...

If it gets to that? I don’t think it’s a last stage option... it’s pretty much a mandatory prerequisite...

I get that (duh) but the chances of me getting someone to loan 3 Millions are pretty slim to none.

This is more of a “if I could”.... scenario

[NoNamePerson]

May 26, 2019 22:33:22 GMT -5 TheHaitian said:

How do I go about getting it? Or get someone to invest in my idea and let me manage it?

Warehouse for sell, including business and license...: building need some “upgrades” but perfect for the select group it caters too.

Building was purchased back in 2014 for $925,000 but now selling the business with it and alcohol license would come with it.

I think right now location and parking are the big drawback (third time back here this week checking it out) but with the right attraction people would be willing to drive there and parking can be arranged with neighbors (other businesses that are closed at night).

Who would be crazy enough to finance my idea?

Why are they selling?

ETA: Just hit me the date of 2014 - most business fail within the first 5 years. But not always the answer for selling - just curious on this end since didn't see a reason anywhere or overlooked it.

[countrygirl2]

In your shoes, I would continue my search for a better job, keep digging myself out of debt as best I can, save for retirement, and enjoy your family time.

I would get myself out of debt before doing anything.  We are very debt averse and you can't go wrong having operating money back you don't owe to someone else.  It can be done, just tighten up finances for a few years, then you will be positioned better.

[GRG a/k/a goldenrulegirl]

May 27, 2019 12:05:16 GMT -5 minnesotapaintlady said:

May 27, 2019 11:04:06 GMT -5 Rukh O'Rorke said:

serious question - if you had 4 mil - would you buy this or just retire?

LOL  When I first read the title I thought it was a "to retire" number and was thinking I only need about 800K and I'm there.   

Meh, he’s younger than you and would need that much to retire now and maintain his wife’s Pottery Barn habit.

[GRG a/k/a goldenrulegirl]

May 27, 2019 14:53:52 GMT -5 TheHaitian said:

May 27, 2019 9:13:26 GMT -5 Tiny said:

This sounds suspicious to me     Are you opening a Brew Pub, Gentleman's club, or cannabis store?      Right now, in my area  Brew Pubs are doing pretty well in "difficult" spaces - as the Pubs are usually open late afternoons/evenings (and don't compete with the daytime businesses/parking) and don't seem to attract loud rowdy people.    The Gentleman's club and hookah/cannabis places are a different story. 

Alternatively - there are a couple of banquet halls that do NOT have much parking (like 35 spaces for a hall that can accomodate up to 250 people) that use other businesses parking - and it's a huge traffic mess AND trash mess and the parkers spill over onto the residential streets and generate alot of late night noise and trash (beer bottles, food containers, etc) on lawns and streets.  

So, before I invest in your venture - I need to know more about the business (and how close to homes it is). 

A mixture of a brew pubs and gentlemen club.

The parking issue from what I gathered is :
A) layout, issue can be fixed and have a gated side that can be open up for more parking.
B) can approach the current business owners (identified 2 of them) about using their adjacent parking space in the evening (they are closed)
C - obviously would cover the extra cleaning that may be required.

Swingers club?

[Deleted]

May 27, 2019 17:48:52 GMT -5 GRG a/k/a goldenrulegirl said:

May 27, 2019 12:05:16 GMT -5 minnesotapaintlady said:

LOL  When I first read the title I thought it was a "to retire" number and was thinking I only need about 800K and I'm there.   

Meh, he’s younger than you and would need that much to retire now and maintain his wife’s Pottery Barn habit.

I understood why his number would be so large, I was just marveling how close I was...so close, but yet so far!  

[TheHaitian]

May 27, 2019 16:50:59 GMT -5 NoNamePerson said:

May 26, 2019 22:33:22 GMT -5 TheHaitian said:

How do I go about getting it? Or get someone to invest in my idea and let me manage it?

Warehouse for sell, including business and license...: building need some “upgrades” but perfect for the select group it caters too.

Building was purchased back in 2014 for $925,000 but now selling the business with it and alcohol license would come with it.

I think right now location and parking are the big drawback (third time back here this week checking it out) but with the right attraction people would be willing to drive there and parking can be arranged with neighbors (other businesses that are closed at night).

Who would be crazy enough to finance my idea?

Why are they selling?

ETA: Just hit me the date of 2014 - most business fail within the first 5 years. But not always the answer for selling - just curious on this end since didn't see a reason anywhere or overlooked it.

The crowd they catered to is small and getting smaller in this area which is eating into their revenue / profits.

[TheHaitian]

May 27, 2019 17:51:16 GMT -5 GRG a/k/a goldenrulegirl said:

May 27, 2019 14:53:52 GMT -5 TheHaitian said:

A mixture of a brew pubs and gentlemen club.

The parking issue from what I gathered is :
A) layout, issue can be fixed and have a gated side that can be open up for more parking.
B) can approach the current business owners (identified 2 of them) about using their adjacent parking space in the evening (they are closed)
C - obviously would cover the extra cleaning that may be required.

Swingers club?

No but getting warmer!

[TheHaitian]

Anyway thank you everyone for playing but I got some answers today to my questions and the investment is no longer worth it.

The owners (3) are no longer selling the business, they want to sell the building and rent it back from the new owners :
——> not sure how that would be appealing but hey if they pay you enough to cover the mortgage and a little bit extra why not.

And basically as a way to revamp the business (they ran into money issues for the past year and a half because revenue dried up)... they are basically going to do everything I had in mind the past week:

- they are in contact with the new owners of the lots/business next door that are friendlier than the previous ones and will let them access the whole parking lot, which is an increase of 150 cars

- second they are aware their previous group is declining so need to appeal to the younger crowd and a more diverse (interest wise) crowd.

- have different events on different nights that would not interfere with the current members and their preferences (want to keep the crowd they got also since that is a major part of their history even if the city is changing).

If they do all that they will be successful (that is what I was planning in my head; their is money to be made catering to this big/diverse group they are going after)... their issue is the cash flow problem.

They owe 50k in back property taxes and running low on cash. I also think 3M is a lot to ask for the lot/building if the business / liquor license is not coming with it. The state has it valued at 1.7 M... 3 M seemed accepted with the business and more importantly the liquor license.