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Financing for purchase of existing gymnastics business - $1.3mm

I am in the process of purchasing an existing gymnastics facility and business for $1.3 million which includes the building, equipment and clients. The current business is profitable but underutilized with the first year projection of minimum 30% growth under new management. Partner is coach with over 20 years experience and I have over 20 years experience in non profit, HR and marketing. Need help with financing or suggestions on best way to proceed. We have little down payment available.

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Answers (3)
Dr. Vasquez Reynolds
Easy Lons
Los Angeles County, CA

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Sep 22, 2017
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The BAF Group LLC
MD

Be very wary of "lenders" that offer unrealistic interest rates, and have no company name, no address, no traceable telephone number and who operate off of a free, gmail-type email address! Get information and do your research on these people, BEFORE giving them sensitive information about yourself!

Apr 19, 2015
Michelle Goebel
Goebel Business Services
Making Business Ownership a Reality.
Pinal County, AZ

Hello, I saw your request for funding. If you've already received your funding, please disregard. If not, could you answer a few questions?

How long has this gymnastics facility been operational?
What was the business income for 2013?
What is the current monthly income?

Depending on your Fico scores and business income, we'll have a couple options for a business acquisition loan. There are no upfront fees for any of these loans.

Once I have more information, I'll know whether or not I'm able to assist you and move forward. Either way, have a wonderful Holiday Season.

Respectfully,
Michelle Goebel, www.goebelbusinessservices.com
www.linkedin.com/pub/michelle-r-goebel/36/852/895
www.branchout.com/Michelle.Goebel
https://www.facebook.com/michelle.goebel1

DISCLAIMER: Sender is NOT a United States Securities Dealer or Securities Broker or U.S. Investment Adviser. The Sender is a Business Financial Consultant and or Commercial Broker and makes no warranties or representations as any Buyers, Sellers, Individuals or Business or any Transaction. All due diligence is the responsibility of the Individual(s) or Business(s). This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or its content. Upon receipt of these documents, the Recipient hereby acknowledges this Disclaimer and agrees with the content. If this E-mail letter is received by anyone but the intended recipient, please discard immediately - confidential work product.

Nov 28, 2014