Funding Help for Turn-key Business
by WingManDonnie, Window Shopper
- Created: August 18, 2010, 8:52 pm
I've worked for the same person for 8 years and in May of 2009, we opened a Take out/Delivery restaurant specializing in wings, gyros, wraps, etc. Now, I have been acting as the owner since day one, i.e.. menu planning, food costs, hiring/firing, ordering, advertising, working 50+ hours a week, etc, and now, the real owner is looking to sell the business. I am a full time single father of one who rents an apartment, owns a shoddy, yet trust worthy vehicle, and on my salary, I make ends meet. I'm tired of working as the owner and getting paid as the employee. I am looking for ways to purchase the business as he is looking to sell it 'Turn-key', so everything will stay, including the clientele we have built in the year and few months of being open. The business is very profitable, but right now, under his ownership, is not turning a profit for him due to other business ventures he is paying on. Where can I turn for help, federally or locally, to make this happen? Any help will be GREATLY appreciated.
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