Kay Nein
Well-known member
- Joined
- Feb 13, 2012
- Messages
- 832
- Reaction score
- 3
My heart is heavy this morning. The owner told us yesterday that he is putting the Inn on the market in March. I've told no one, so I'm trusting you to keep it quiet. I have to say that for my peace of mind, no offense.
We really, really want to stay here. We've worked so hard to build this business up and, frankly, have nothing to go back to FL to. If we can keep the Inn, it's an opportunity that we will never get again.
Are any of you familiar with how Angel Investors work? I mentioned to another local business man, good friend, last year that the owner might be selling in the next few years and I wanted to stay. He worked with an AI to expand his business and said that this area is a hotbed for that type of stuff. Lots of rich retirees up here looking to get involved in stuff like that.
I was hoping some of you could shed some light on how that worked. I assume they give us a loan to buy the business and we just pay them back with interest? I also assume the arrangements can be any way they/we want, but in the long run we want to be the sole owners. I honestly feel in my heart that with the rate that our business is increasing this year, we can really make a huge profit in the next year or two. Owner thinks it will take 18 months to sell. I think it will go much faster than that! And, honestly all we will get is thank you and pat on the back for the last few years of blood, sweat & tears. For those of you who aren't aware, the owners are my partner's relatives.
Thanks for your input!!
We really, really want to stay here. We've worked so hard to build this business up and, frankly, have nothing to go back to FL to. If we can keep the Inn, it's an opportunity that we will never get again.
Are any of you familiar with how Angel Investors work? I mentioned to another local business man, good friend, last year that the owner might be selling in the next few years and I wanted to stay. He worked with an AI to expand his business and said that this area is a hotbed for that type of stuff. Lots of rich retirees up here looking to get involved in stuff like that.
I was hoping some of you could shed some light on how that worked. I assume they give us a loan to buy the business and we just pay them back with interest? I also assume the arrangements can be any way they/we want, but in the long run we want to be the sole owners. I honestly feel in my heart that with the rate that our business is increasing this year, we can really make a huge profit in the next year or two. Owner thinks it will take 18 months to sell. I think it will go much faster than that! And, honestly all we will get is thank you and pat on the back for the last few years of blood, sweat & tears. For those of you who aren't aware, the owners are my partner's relatives.
Thanks for your input!!