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Business Purchase

Wanting to purchase a convenience store or gas station but have only 10,000 cash but have excellent credit. Prefer the Myrtle Beach or Wilmington NC areas

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We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

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Jesse Peterson
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Jun 6, 2017
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Andrew, as a business owner, I can tell you that the only way this works is if you have WAY more money down. Under some of the scenarios you would have to go through to achieve your dream, your payments would be so high between lender, seller and real estate that you would be better off working 40 hours a week at Walmart-- and I am being serious.
Also once again, as a business owner I would never give up my business for only 10k down. I would be worried that you would give up easily because you only would lose 10k. Most sellers don't want their business thrown back in their lap.
I am sure that you could find something for 10k down but it would be such a dog of a biz that only someone with a bankrupcty wish will take it.
And rember the gas deposit. try financing a deposit--- that's sound financial advice (sarcasm,btw.)

Sep 29, 2010
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Corporate Financiers


You called me about 3 weeks back regarding this same question. My answer remains unchanged. You need to buy the real estate and structure the loan accordingly. 1. You'll need to utilize an SBA loan incorporating nominal amortizing working capital (and if you can get it closed by 12/31/10 you'll save on the guaranty fee) 2. purchase an SBA friendly franchise (not BP), 3. Negotiate at least a 35% seller note with payments on full stand-by for 2 years (seller notes are very common in this marketplace particularly for gas stations, 4. purchase a location that can support a pro forma DSCR of at least 1.25x (based upon 3-years of historical results).

As an actual prior banker at fortune 50 firms (including Merrill Lynch) I can offer prudent structuring options that can increase the chance your loan gets approved. Furthermore, I know many of these lenders first-hand having been in the industry. Todd 312-488-3505

Sep 28, 2010
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Biz2Credit LLC
New York County, NY


Biz2Credit ( can help you in getting business financing for the gas station. You will need to get a seller note to bridge the gao between what you have and what the lender will need. Register on to get started and chose the case manager option to help you to walk through the process.

Sep 28, 2010
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The BAF Group LLC

Andrew, I have been in the Brokerage business for more than ten years, and in startups and troubleshooting for more than thirty. And I have sold more Gas Station/C-Stores than you can imagine. I can tell you that going into that kind of inventory-intense business with $10k is asking for misery! You might was well take the money, go to Las Vegas for a weekend and blow it there - you will have a better time. The vast majority of businesses fail because they are undercapitalized. Even if you talk someone into giving you a loan for the purchase - which is almost impossible - your chances of surviving the first year are amost zero. As John Pasqualino said below, the money you will need for fuel purchase deposits will be far more than your $10k.

If you have a way to start a war chest, take your time and do it: But don't act prematurely.

Sep 28, 2010
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You will get some people here who will tell you they can help you get financed but imo it will be tough.
When I bought my restaurant 5 years ago my wife's 803 fico and my 820 fico meant NOTHING to a lender. They wanted collateral and lots of it.
Seller financing is an option but with only 10k down I would not do it. 10k is not much to lose, so if you lose your smile and don't want to do the biz any longer, you are only out 10k.
BTW, you will need a deposit for gas. I have seen 10k to 50k just for that.
Never say never but it won't be easy. Good Luck.

Sep 28, 2010

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