Angel Investors for Restaurant Business

Mritz

Hello,
I am a Chef and I am looking to purchase an existing 2COP 95 seat restaurant located in a renovated downtown area. The location is in New Port Richey, Florida. I have a complete business plan including projected income/expenses as well as complete documentation from 2005-2007. Please, if anyone can help me I would be greatly Thankful. The total investment would be around 175k with an 13-15% return within 3 yrs.
 
God Bless
Mike

robertj

Mike,
 
From your brief intro, it sounds like you are seeking a loan to purchase the restaurant. Generally speaking, lenders want to see:
1 An ability to repay the loan (income)
2. Assets to "encourage" repayment.
 
On the other hand, if you are looking to attract investors for a equity exchange, they usually look at the return on investment potential -as compared to the perceived risk.

Mritz

Robert,
 Thank you for your response. At this point I am looking for any money that will help me reach my dream. Unfortunely, a tradional loan is not viable however an investors that would like a good return for their money would be perfect.
 
Thanks,
Mike

robertj

While I appreciate the passion for your dream- I`d caution against the "any money" concept. All capital is not the same and some can be very expensive.
 
If you intend to approach possible investors, I`d suggest preparing a "package" that reduces their perception of the risk.

Mritz

Robert,
 
Thank  you for your help. I do have that"package" in place.

robertj

Mike,
That`s great.
Generally speaking, a 13-15%  return (which you mention in yor initial post) may be a bit thin for investors.
Good luck

Mritz

Robert,
 
I am willing to discuss higher terms.

robertj

Mike,
Hopefully, you`ll find someone who is interested enough to negotiate with you.

Kala

Hi Mike,

www.BizPartnerHunt.com sends out monthly lists of Angel Investor contacts to email subscribers. They also have an Angel Investor Directory which you can download for free off their homepage. I`ve seen several people post ads there looking for investors. You may want to try it and let me know if the site helped any.

Mritz

thank you

centerprise

Mike,
   I would suggest to get angel investors.With start up and early stage businesses for the most part they get the funding through angel investors.One the best places on the web that I found to help is www.breadstreet.com .

Meg80

Mike,
 
Have you been able to secure the funding needed for your resturant? If not, My company may be able to assist you in this process. We do not base funding security off of your traditional credit score results. We have other ways of introducing your business plan and getting you the money you need. If you are interested, please contact me directly at Mthomas@internationalfundnetwork.com
I look forward to hearing from you and getting things going
 
Meghan Thomas
INF

robertj

Meghan,
I cannot find any reference to an "internationalfundnetwork" and there is no web site under that URL. Can you give us more info on this company?robertj2008-9-2 13:53:33

yourekiddingright

Don't you just love the "financial consultants" who are going to get you funding, but they utilize Yahoo or hotmail or gmail addresses. Why no phone number or "real URL if you're legit.?
Hey April, is this really you under a different name?