It is a 65 year old, non-franchised grocery store. A friend of mine and I have a combined 30 years in the grocery business, and have found this nice opportunity. Unlimited potential for growth, as the previous owners have sat on their hands for years, and have done nothing to expand the business in some time. The package we received shows that there is still lots of money being made there, despite the lack of effort. I have a poor personal credit history, so I was wondering if I could get any advise from you all on how I should go about this. I have potential co-signers for the loan, and my partner looks to be good to go with his half. Do I have a chance with the poor credit history to get my share? It is looking like I will need 200 000 to 300 000, unless we can talk them down more. Help? Thanks.
2007-06-21
09:48:33
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5 answers
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asked by
CanuckSam
1
in
Investing