I want to buy a cafe /bar worth $200k, only have $50k, no assets or security, what do i have to do to get it?
Answers: believe in the force neo.....
If you have amazing experience in running a restaurant or cafe/bar, or even better, you have some great story about having turned one from mediocre to profitable, an investor will be interested to know about this. They will want the lion's share of ownership, naturally. Be ready to tell them "why you" compared with any other $150,000 investment. Be aware of other start up expenses and how much money you will need until you break even. You can't really go back for more money once you've asked for the initial amount. And be ready to hire an attorney to set up the company; you don't want his/her attorney to be the only one who reviews the deal.
Bon appetit!
Please send me abstract for mini project for the topic financial accounting?
Answers: Abstract: This report presents research findings regarding the implementation of environmental accounting practices in the electroplating industry, including information on the types and magnitude of environmental costs this industry incurs, the feasibility of improving the tracking each of these costs, recommendations for investigating these environmental cost structures, and conclusions regarding the potential for wider adoption and application of environmental accounting concepts in this industry.
I want to buy a business, how much $ will i involve?
Im interested in buying a cafe/bar, i hold $50k in the dune, how much will the bank loan me?, i dont own any assets or security, so the loan will hold to go against the business. Im looking for a bubble park figure roughly, what does the dune look at ? is there a ratio that they will use, ie: i have need of 10%deposit and the bank will loan up to 90% against the business?thankyou
Answers: more than that 100k plus working income
you have to consider surrounded by the point of veiw of your strength or the willings to re pay a loan rear legs,, having 50k is an asst surrounded by monoetory terms,,still the edge will mortgage the deeds of the cafe/bar, provided its pure and suject to good title,, they will do a title searchfirst, later they will look into the strength of the business and basically you will own to repay th eloan out of the profits made,and if you are not making muhs profits how will you repay the loan then you are surrounded by trouble so, so none of the banks put you within trouble like that, unless you are with pleasure commit yourself in trouble and find this loan agains t the mortagage. hope you are starting a new business,, and also the risk involved will be also on the lofty side if so, the security provided / collerateral also should be on the greater side, the bank may not hand over you the full amt of teh % of the loan in the first stage, but later you ve got to show some profits and a networth to the ridge in demand to enhanse your limit by requesting if you enjoy performed your business within a satisfactory behaviour. maintaing the books accurately, and by repaying teh instalments contained by time without getting those onto arrears and if so you may find problems next to the bank and you will be suffering alot beside the high interest fringe.Good Luck