LAURA GARVEY
BELOIT, WI (USA)
Role(s):
Founder/Owner/Principal
DUGAR LLC
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Startup
Location:
ELKHORN
Industry:
Food Service/Restaurant
Year Founded:
2018
Number Employees:
50-100 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
My husband and I wish to buy an existing, profitable business and 7,000 square foot building in Elkhorn, WI. This business has broken the million dollar mark starting last year. It's bottom line, take home, is over $300,000 per year which includes a mortgage payment. We are ready to make an offer but need additional down payment assistance. The issue isn't with credit. We need to get the additional 7.5% down. We had a family member who was going to provide this but due to illness of her husband can no longer do this. Because the business is profitable and we are working the business once we buy it, we expect to make it more profitable. We will be able to pay back the note in a short term at a good interest rate.