I know this isn't a Wall Street investment, it's a main street investment .. but I gotta ask anywhere and everywhere I can. This is an opportunity my wife and I have to go all in for and need the right, like-minded person(s) we can work with to make this happen.
Does anyone know acquisition investors that I can engage to purchase a well established, household name company in hemp consumables industry? Will reach $6m-$10m eoy revenue. My buy in is $2m, and I will have a royalty agreement to pay off the rest in a seller finance deal. I will triple this in 18 months.
Guidance and direction is greatly appreciated. Thank you
If you are going all in, why not take on a loan to cover the rest?
Or is your $2 M already leveraged?
But also, who are the purchasing competition? Why do you need to pay so much if nobody else is willing to buy in?
If you find me a lender for the hemp consumable goods industry that will put up $2m for me, I'll do it. There is ALOT of competition to buy but I'm being given first crack because I'll maintain high integrity of brand and industry. If I don't get it, there will be a cash buyout in the $10m range easy. May revenue was $650k with about 40% net. Jan - May numbers are in the $3.5m range.
Do an extended payout, instead of all up front. If you have 1.5 mil, then you should be able to get a loan for an additional 3. Do a 4.5 M cash and 10 M payout over five years.
What you can then do is incorporate and sell off 40% of the company to pay down the loan so you can use profit to pay off the original guy. That's if you need to.
You have a lawyer for this, right? The lawyer should be helping you put together a negotiation package. You should be asking people in the industry if they have suggestions for lending institutions. You may end up with a high interest loan, either way.
This is pretty genius. Would you be available for chat outside these walls? Understand if not, thank you for the ideas!
why thc when you can gme
Because one will still be making me money in 18 months. Whereas the other will plateau and act as an interest free savings account. Plus, I get to hire and feed unlimited people owning a company.
I would create a mobile Shark Tank from small town to town investing in people if I were the billionaire like Mr Wonderful and the rest
thats nonsense, as is the phrase 'hemp consumable'
Buy gme.
Hodl.