The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

Former Fortune 500 President needs financing for a 35% share ($850K) of a financial services systems retailer.

Recently retired C Level Buyer needs financing to buy a 35% share (at $850K) of stock in business and expects to acquire the balance (65% share from majority owner (in his 80's) over a 18 month period. Business grosses approximately $3M and cash flows of approx. $900K.

Douglas Batts

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (7)
No User Photo

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.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Jun 10, 2017
Michael Hamlar
Hamlar Enterprises, LLC
Roanoke City County, VA

In response to buy a company,

I understand your concerns on why a broker would post on a website. However, I would like to point out the broker may have contacted their resources. Who knows by chance they may find someone on this site. I would say that broker is doing everything possible and exploring every avenue for their client. Most brokers have a contact list that you refer to but sometimes to get a deal done you have to think outside the box and you never know what may happen. I will give you one example our company have a database list and contacts. However, we post on non convential sites and have sold several businesses from those non convential sites. I say that for you to caution on the side of juding the broker or anyone from limited information. Again, initially a person may think irrationally but remember the business model is changing. Great conversation

Regards,

Michael Lawrence Hamlar
President & CEO
Hamlar Enterprises, LLC
Hamlar Business Broker
P.O. Box 3336
Roanoke, VA 24015
Office: 1.800.682.1950 ext 101
Fax: 1.800.682.1950
Website: www.hamlarenterprises.com
Email: mike@hamlarenterprises.com
Skype: MHamlar

Regards,

Michael Lawrence Hamlar
President & CEO
Hamlar Enterprises, LLC
Hamlar Business Broker
P.O. Box 3336
Roanoke, VA 24015
Office: 1.800.682.1950 ext 101
Fax: 1.800.682.1950
Website: www.hamlarenterprises.com
Email: mike@hamlarenterprises.com
Skype: MHamlar

Dec 18, 2010
Buy-a- Company

More importantly, why is a business broker out trying to find financing for a buyer in a forum? A true professional would be able to finance this deal with a couple of phone calls, within his known contacts.

Dec 17, 2010
No User Photo
The BAF Group LLC
MD

Why does a former FORTUNE 500 President need assistance from a public blog, to do a deal of this size? Why does a former FORTUNE 500 President not have his own financial support system?

Dec 17, 2010
No User Photo

You are buying a 35% share for $850,000 (meaning you value the company at $2.45m +/-) and are paying off the balance ($1,600,000) over 18 months, so I must assume this is some sort of seller financing and you will have control of the company and its cash flow). $1.6m over 18 months is $90k+/- per month, which exceeds the company's cash flow. How are you planning to do this and how much equity are you contributing and what do you want from a lender (amount, terms, etc.)?

Dec 17, 2010
No User Photo
EPIC Corporation
CEO & President

Provide complete information to rtucker@epiccor.com

May 25, 2010
No User Photo
OC Investment Group
Sr. Partner
Orange County, CA

If the company or pres has assets, we can provide a bridge loan until he acquire the other 65%. steve@ocigllc.com

Feb 1, 2010

Start a Discussion