The Creator knows what the plan is, and I am cool with that.
My partner and I put an offer in on a historic and well-established restaurant in my town, and the offer was accepted. We scraped together most of the deposit - the current owner has known me for years and I him, and he wants us to get it (my partner works there).
Norm pulled a lot of all-nighters (literally) doing a great business plan. We had to apply for a Community Futures loan, as neither of us can even be classified as lower middle class in terms of income...I think you know what that is like!
Anyway, the loan was refused because two other restaurants had defaulted on their loans. Also, I was a minority shareholder - but in order to process the app, they had to up ME to 80%, and then refused the loan also because I wouldn't be the most actively involved in the place!
So...we can reapply with an investor, I have put some feelers out. Norm has already started applications for Aboriginal funding, and we have a meeting set up with a really excellent contact...but this is after the conditions expire.
So...something may materialize by the 14th; the biz will go back on the market. This is ok, but this is the type of small-town fixture that you don't want just ANYONE to buy. It has been very profitable before and will be again.
And it would have been a bit of a lift, half a level up in life, a lot of work...
Anyway, would appreciate good thoughts, vibes and prayers.
thanks
Reply With Quote
Bookmarks