Commercial Real Estate Investing

User Stats

16
Posts
4
Votes
Sarah Montgomery
  • Rental Property Investor
  • Houston, TX
4
Votes |
16
Posts

Recs: learning materials buying/selling businesses

Sarah Montgomery
  • Rental Property Investor
  • Houston, TX
Posted Jan 13 2022, 14:50

Any recommendations on podcasts/books on buying a business with the underlying real estate?

My husband and I are looking at buying a waterfront restaurant along with the a little over 4 acres. I work in CRE in my day job. There's some excess land that I think would be great to create an out parcel to either sell or ground lease to another user which would juice the cash flow. We'd be buying both the waterfront dirt & the business.

We’re working through due diligence and would bring in an experienced management group to run the bar/restaurant. The seller is open to seller financing but still working to get our arms around a workable structure. Currently, the deal is severely overpriced and has some things that should be done to improve the property . This is great real estate with an iconic lakefront bar/restaurant. We’d look to partner with someone else who ideally had experience.

I know that’s a lot to unpack but we’d welcome:

-books/podcasts on buying businesses

-resources on bars/restaurants

-creative financing ideas

-and it would be great to speak with someone who perhaps has taken on something similar

Thanks!

Loading replies...