Purchasing an ongoing Business - Posted by Steve

Real Estate Investing
1

Posted by Steve on June 18, 2000 at 08:19:51:

I would be relocating to where the restaurant is, my last post could have been interpreted as moving away after buying it. Just wanted to make things clear.

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Purchasing an ongoing Business - Posted by Steve

Posted by Steve on June 18, 2000 at 08:08:43:

I am looking at the possibility of purchasing a restaurant but have little cash to put down. A 2 year lease option may be the way to go since a portion of the monthly lease will go toward the down payment. I have not yet approached the seller with this deal and would appreciate any advice or alternative creative ways to purchase the business. I am working with a RE agent who told me about this business which is not yet listed so I must go through her. The owner has a long term illness and does not want to operate the restaurant any more. Also, I would be relocating about 600 miles away and face to face meetings are going to be few.Any thoughts?

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Re: Purchasing an ongoing Business - Posted by Jim Kennedy - Houston, TX

Posted by Jim Kennedy - Houston, TX on June 18, 2000 at 13:23:39:

Steve,

Also, you might want to visit the commercial newsgroup on this web site. Click the link in the yellow bar at the top left of this newsgroup or go to:

http://www.creonline.com/commercial-real-estate/wwwboard5/index.html

Hope this helps.

Best of Success!!

Jim Kennedy.

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Re: Purchasing an ongoing Business - Posted by PBoone

Posted by PBoone on June 18, 2000 at 08:39:00:

Steve,
We purchase businesess as apart of our investments strategies with great sucess.
The restaurant can be purchased in a l/o but do not allow the L/O strategy (easy in) redirect your aim. If you would like to discuss this further I would gladly help. Another person on this board that does this regularly is Johnboy and Ray Alcorn.
Pat