$1,525,000 – SBA 7a Restaurant Business Acquisition

Our borrower, a seasoned professional with 26 years of experience managing a restaurant, just purchased his dream business: a well-established, 20-year-old Classic American Diner. The restaurant, which had recently undergone renovations, was acquired for $1,525,000. Despite having just 5% of the purchase price in personal savings, our borrower was able to secure the deal thanks to an SBA 7a loan and the business broker’s strategic negotiations where the seller agreed to contribute an additional 5% toward the equity.

This seller-financed contribution is a trend we have noticed increasingly in the current market. Seller notes, like the 5% in this case, are becoming more common as sellers and buyers work together to close deals in a competitive seller landscape where interest rates are higher than in previous years. The collaborative approach between buyers and sellers have created unique opportunities for aspiring entrepreneurs to step into established, thriving businesses without having to sacrifice their full liquiridty or security. In addition, the SBA 7(a) loan program continues to be a powerful tool in making these transitions possible, providing favorable terms that made the dream of business ownership a reality.

Despite the challenges of higher interest rates, it is still an unprecedented time for acquiring stabilized, well-known businesses – especially those with decades of successful operations like this Clearwater diner.  For our borrower, the move to sunny Florida marked not just an escape from the snow, but the beginning of a new chapter in running a business that aligns perfectly with his expertise and passion.

This successful closing was a testament to the possibilities that exist in today’s market. With the right experience, a bit of savings, the right business broker, and an experienced SBA loan closer like ComCapFL, business ownership is even more within reach.

Let it be known – we’re in the business of making smart business WORK! If you’re sick of being jerked around by your bank or hard-to-reach lenders, give us a call today at (888) 959-1648 or email us at info@comcapfl.com to discuss how we can help you finance the business of your dreams.

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