Mike

I think this particular situation might get complicated when you involve lenders. - Mon Jun 16 2008, 16:44

I would also look at the types and kinds of franchise that has a potential in the area. I would also try to contact several franchises to see if they are willing to come to the area. Some will and some wont. After gathering necessary information, I would create an excel workbook to project yearly income (more like budgeted financial statements). Finally, I would approach at small business owners in the area. With your professional background I am sure you will be able to persuade several investors.

Good luck! - Sun Jun 15 2008, 12:30

Apart from the difference of 25K, you should also think about the list price of the property in question. For instance, your are asking 75% of a 100,000 home; whereas you are asking 83% of a 300,000 home. Also, ask your RE agent to give you a CMA report of the area to derive an approximate SQ FT price in the area. This way you will be able to support your offer. There are other things that you can include to make the offer more attractive. - Sun Jun 15 2008, 12:19