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Updated about 8 years ago on . Most recent reply

User Stats

53
Posts
5
Votes
Kyle Davis
  • Appraiser
  • Ottertail, MN
5
Votes |
53
Posts

Loans for a brewery buy-out

Kyle Davis
  • Appraiser
  • Ottertail, MN
Posted

Hello there BP fans.  I have a question I'm trying to figure out and can't quite wrap my brain around how to accomplish what I need.  I have been approached by a friend who owns a brewery.  His current partners want to get bought out to invest in other things.  My friend approached me to see if I wanted to buy them out.  I think the buyout amount will be around 120-160k, and then I will have to assume the current debt on the business along with my friend. I have about 60k cash that I could put down, but how does a person get a loan for the remaining balance?  What kind of collateral is used if there is already a mortgage on the building and all brewery equipment?  FYI the brewery is kicking butt, so it's not a suffering business or anything like that.

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