Raising Capital for Business Purchase w/ Great Real Estate
Hello, everyone! I have NEVER tried to raise capital because I have never needed to, but there is an opportunity that I feel compelled to jump on and I NEED to learn how to raise the capital and connect with people who would like to back me. There is a well-established business in my area and the owner is retiring. His family isn't interested in the business, and if he can't find a buyer he will close the doors. The business cashflows $95k a year and is fully staffed with trained, certified, and loyal employees who want to keep their jobs. The business sits on property worth over $400k. Asking price is only $475k. I have no need for any kind of big paycheck, so I am happy to pay off the full amount with the cashflow, but the owner is not interested in financing it. He wants out completely. I want the real estate and I want the staff to keep their jobs. It is my understanding that I am the only interested party at tye moment. The business will pay for itself in just a few years, the community will keep a decades old family business, and the staff will keep their jobs if we can figure out how to make this deal. Can anyone point me in the right direction, please?