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cumulus777 · 09-06-2008, 05:42 PM

I have a major problem and would like any help and advice you guys can give me. I have just set up a ltd company and have the chance to take over three bars. One a gay bar, one the only live music venue in the town and the other smack bang in the town centre. Servicing office workers and shoppers. Now on the one hand I have a good bank manager who has offered me 60% of the finance under the small firm’s loan guarantee scheme. The problem is I have no equity as I do not own my own home so it looks impossible, via the commercial route anyhow, that I could find the 40%. I have tried to find investment however it seems to be people would rather invest in a very risky technology company where they could loose everything than a secure opportunity like this. The businesses are all leased, so you buy a lease, fixtures and fittings, stock goodwill ect. All have been trading successfully and I of course would seek to significantly improve that. I’ve had a bad time of things and its really only focusing on this that has kept me fighting. Its not just an opportunity to make a fortune but to work for myself, building something I can be proud of in an industry I enjoy very much.

It is so frustrating at the moment knowing I am 60% the way there in terms of the start up costs. If anyone can advise me how I could raise the other 40% [by any means] or where I could find an investor who would seriously look at my business plan then please any advice at all would be so gratefully received. Its hard knowing everything you could ever want is almost in your hands but not quite. Any fiancé experts if you could come up with a solution I would be willing to pay a very decent fee.

GRRRR HELP!!!!

09-06-2008, 05:42 PM	#1 (permalink)
cumulus777 Junior Member Join Date: Jun 2008 Posts: 1	Finance/investment Advice I have a major problem and would like any help and advice you guys can give me. I have just set up a ltd company and have the chance to take over three bars. One a gay bar, one the only live music venue in the town and the other smack bang in the town centre. Servicing office workers and shoppers. Now on the one hand I have a good bank manager who has offered me 60% of the finance under the small firm’s loan guarantee scheme. The problem is I have no equity as I do not own my own home so it looks impossible, via the commercial route anyhow, that I could find the 40%. I have tried to find investment however it seems to be people would rather invest in a very risky technology company where they could loose everything than a secure opportunity like this. The businesses are all leased, so you buy a lease, fixtures and fittings, stock goodwill ect. All have been trading successfully and I of course would seek to significantly improve that. I’ve had a bad time of things and its really only focusing on this that has kept me fighting. Its not just an opportunity to make a fortune but to work for myself, building something I can be proud of in an industry I enjoy very much. It is so frustrating at the moment knowing I am 60% the way there in terms of the start up costs. If anyone can advise me how I could raise the other 40% [by any means] or where I could find an investor who would seriously look at my business plan then please any advice at all would be so gratefully received. Its hard knowing everything you could ever want is almost in your hands but not quite. Any fiancé experts if you could come up with a solution I would be willing to pay a very decent fee. GRRRR HELP!!!!