Liquor Store For Sale-Owner Financing Offered

[Kathy Utiss]

I've found a liquor store that I'm interested in attempting to buy. The seller is willing to help with financing as well.

Pur Price: $1,700,000
Net income is $448,000 per yr

I forget what the monthly income is but its rather large. It's not a discounted property situation. But the purchase price and income sound nice for what could be an absentee owner biz. Or at least someone who comes to visit every so often.

I know my credit isn't the best anymore. And I lack down payment. I know it's probably hopeless but with $500,000 down he's willing to finance for sometime. I have verifyable documentation as to why the credit is in a shambles. Or why I'm in the situation I'm in. But thought I'd throw it out and see what you would do.

It is a liquor store that does come with the property as well. It seems to have an established clientele because of the location of the biz as well.

Just give up?

thanks,

Kathy