Merchant Cash Advance
The Chance to Own Their Property
The location of the business has tons of professional families living nearby. It had experienced a great deal of growth in the last 10 years. The owners were happy with the location and wanted to stick around. When their landlord offered the office and warehouse for purchase, they needed to ponder the decision.
The owners knew there would be challenges associated with moving forward, but they were determined to seize the opportunity if it presented itself. Despite having a limited amount of savings to put down for the property, they had encountered difficulties in obtaining standard business loans in the past.
What Does It Take to Grow?
Moving ahead with purchasing the building for complete facility control made perfect sense; however, challenges persisted. After talking to the current landlord about pricing, the owners were told that the price would run about $1,250,000. This was reasonable but it would also mean doing some work to make sure things came together.