James Cutajar
South Bend, IN (USA)
Role(s):
Cynergy Financial
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Startup
Location:
South Bend
Industry:
Finance
Year Founded:
2006
Number Employees:
INVALID
Description:
Seeking funding for operational capital of recently purchased fitness center/gym. Gym already has been purchased 70% Loan to Value with a purchase price of 175k, appraised value is $250k for the building alone. The business is not currently in operation due to the owners death. The figure does not also include the extensive equipment as well. Seeking a minimum of $50,000 with a minimum two year balloon. Gym had over 300 members prior to its closing. Full business plan, with photos, monthly revenue projections and exit strategy.