Providence, RI
This young restauranteur, with decades of experience in both owning and managing restaurants, wanted to expand her restaurant portfolio by acquiring another popular local restaurant. Lucky for her, this stabilized restaurant was priced competitively due to the oversaturated market – despite generating over a quarter million dollars in EBITDA. Truly, this was a rare and exceptional opportunity for the right buyer.
Unlike most banks that are “not lending on restaurant deals’, we were able to fund this acquisition, which forecasted a near-immediate return of almost three times the buyer’s cash investment. With the SBA requiring only 10% down, the buyer only paid $87,500 for a business projected to net $250,000 in the first year – what a cash-on-cash return!
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.
Ready to get the ball rolling? Get a head start by applying in minutes through our Loan Finder App – no document uploads or further commitment required.
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