[K25150]

Outside of Baltimore

Money needed to purchase newly constructed 30,000 sq.ft. warehouse structure. We will then open a sports/athletic club. I have many sources to fund the back end. However, I need the 10% the lenders require on the front end. Total project costs - 5 million, includes the real estate and setting up the athletic club. 500K in cash or assets needed to obtain full funding.

Location is largest commercial development along I-95. Billions have been spent on infrastructure.

I have 12 years experience in the fitness industry. The club will have a full-size gymnasium, 2 levels, running/skating track and kids workout area. We will sub-lease much of the space to complementary businesses (doctors offices, day spa, cafe/Starbucks). This will lower our overall overhead.

[akula]

hhahaha
hilarious
5mill, is that all
have u thought about renting?
i bet that will "lower our overall overhead"

[ADVERTISE HERE!]

So you've already been approved for a loan, provided you can put up the 10%? The lenders are sitting there with a check waiting for you to put that up?

[K25150]

Acula,

Do you spend all day hijacking people's threads with your cocky comments? Guy's like you are all show and no substance. Why pay rent if the mortgage payment will be less than the rent. Need I mention the strength of owning the real estate. Eventually, I'll sell the business and still hold the property. You're a YE veteren!? That's pretty funny.

[K25150]

Originally Posted by jmenq2

So you've already been approved for a loan, provided you can put up the 10%? The lenders are sitting there with a check waiting for you to put that up?

Most have said that with a strong business plan/pro forma and 10%, it's a fundable project. The real estate option lowers the risk.

[ADVERTISE HERE!]

So where is your business plan?

[akula]

Originally Posted by K25150

Acula,
Do you spend all day hijacking people's threads with your cocky comments? Guy's like you are all show and no substance. Why pay rent if the mortgage payment will be less than the rent. Need I mention the strength of owning the real estate. Eventually, I'll sell the business and still hold the property. You're a YE veteren!? That's pretty funny.

dude, are you broken in the head or something
take a step back; look at where you are and the substance of what you're posting
it's just not sinking in is it...ok, I'll spell it out, if you're really-really on the hussle, I'll look for your 5mill pitch on craigslist.com :-)

[ADVERTISE HERE!]

Originally Posted by K25150

Acula,

Do you spend all day hijacking people's threads with your cocky comments? Guy's like you are all show and no substance. Why pay rent if the mortgage payment will be less than the rent. Need I mention the strength of owning the real estate. Eventually, I'll sell the business and still hold the property. You're a YE veteren!? That's pretty funny.

So... You're wanting the $ to start a business with the intention of selling it. In essence, you want to be a venture capitalist, but you don't have the $ or the knowledge to do so. The LAST business in which I want to invest is one who the manager is only starting to hope to sell. Good luck.

[K25150]

Wow, everyone is full of assumptions on this site. Sure I'll sell. After 15 or 20 years after I've opened 15 or 20 more clubs. Imagine my real estate holdings then as I'm collecting rent from all of my former locations.

[K25150]

Originally Posted by akula

dude, are you broken in the head or something
take a step back; look at where you are and the substance of what you're posting
it's just not sinking in is it...ok, I'll spell it out, if you're really-really on the hussle, I'll look for your 5mill pitch on craigslist.com :-)

For someone who brags about being so successful, you sure have a lot of time on your hands little man. You're laughable.

[strategy]

Dont start a business aiming to sell it, start a business aiming to make your stock-holders very wealthy people.