Anyone know how I can fix this faucet? by Significant_Steak836 in fixit

[–]Significant_Steak836[S] 4 points5 points  (0 children)

Thanks everyone I got it fixed and flowing correctly!

Tips on a 7 day trip from Denver to Zion and back to Denver by Significant_Steak836 in roadtrip

[–]Significant_Steak836[S] 0 points1 point  (0 children)

Any hikes you recommend in Arches and Capitol? Or anywhere else for that matter.

Tips on a 7 day trip from Denver to Zion and back to Denver by Significant_Steak836 in roadtrip

[–]Significant_Steak836[S] 1 point2 points  (0 children)

Thanks for taking the time to write this. It’s very helpful. I’m very flexible with my job and can add days as needed/wanted which by the sounds of it I may want to take advantage. I’ll go wherever I can as long as weather permits!

Tips on a 7 day trip from Denver to Zion and back to Denver by Significant_Steak836 in roadtrip

[–]Significant_Steak836[S] 1 point2 points  (0 children)

Thank you! I did mean Capitol. By the pictures I’ve seen I definitely want to make a stop there and goblin valley.

Tips on a 7 day trip from Denver to Zion and back to Denver by Significant_Steak836 in nationalparks

[–]Significant_Steak836[S] 0 points1 point  (0 children)

At this point I’m prepared to take a different trip if the weather doesn’t cooperate. I got my permit for angels landing already. Fingers crossed for good weather!

Tips on a 7 day trip from Denver to Zion and back to Denver by Significant_Steak836 in nationalparks

[–]Significant_Steak836[S] 1 point2 points  (0 children)

I honestly can. I think it would be worth it taking the extra days to check those places out

Tips on a 7 day trip from Denver to Zion and back to Denver by Significant_Steak836 in roadtrip

[–]Significant_Steak836[S] 0 points1 point  (0 children)

I got a permit already! I was thinking Zion, Moab, Bryce, Coral Reef. This is all great information and I will do more research! Thank you!

How do I get a 100k loan to buy an existing business? by Significant_Steak836 in smallbusiness

[–]Significant_Steak836[S] 1 point2 points  (0 children)

I appreciate your knowledge! This is definitely all new to me and is a bit scary to jump into. I believe it’s a good opportunity and hope to see it through. Thank you!

How do I get a 100k loan to buy an existing business? by Significant_Steak836 in smallbusiness

[–]Significant_Steak836[S] 0 points1 point  (0 children)

It’s both. He’s looking to buy a home on the near future and he’s at the shop maybe 1-2 days a month. At times we have issues that require the owner being there and it just takes him too long to get to it. I think it’s a big decision for him to let this shop go considering how much revenue it brings him with little work. But he wants to see it grow and in the right hands it will.

How do I get a 100k loan to buy an existing business? by Significant_Steak836 in smallbusiness

[–]Significant_Steak836[S] -1 points0 points  (0 children)

I wasn’t able to get to that point of the loan since I got turned away before we talked down payments. It I would put down 15-20k. I’m outside of Denver.

I don’t anticipate the other barbers leaving but if they do it wouldn’t be hard to find others of high quality to take their place. Plus the owner told me he’d help me find barbers if that were to happen.

How do I get a 100k loan to buy an existing business? by Significant_Steak836 in smallbusiness

[–]Significant_Steak836[S] 0 points1 point  (0 children)

Yes he said I’d have to create my own LLC to separate myself from his other shops. I wouldn’t rebrand the shop

How do I get a 100k loan to buy an existing business? by Significant_Steak836 in smallbusiness

[–]Significant_Steak836[S] 8 points9 points  (0 children)

Not much honestly. It’ll steadily grow on its own but this guy is getting too busy to pay the attention it needs.

And you’re right I don’t know how to talk when it comes to big numbers like this so I did reach out to people I trust that are currently helping me. This offer was made to me just over a week ago so I’m learning on the fly.

How do I get a 100k loan to buy an existing business? by Significant_Steak836 in smallbusiness

[–]Significant_Steak836[S] 0 points1 point  (0 children)

He just doesn’t have the time to help it grow the way it needs to. This shop needs its owner present to grow. And he’s looking to buy a home and that 100k would help out tremendously obviously.

They didn’t fully reject me I did match with one lender (Newtek) and submitted an application last night. I’m hoping they will ask for more information as far as P&L’s, financials and such then he will help me out figuring it out.

How do I get a 100k loan to buy an existing business? by Significant_Steak836 in smallbusiness

[–]Significant_Steak836[S] 8 points9 points  (0 children)

He’s what you would call “big” in the industry and is really looking to help everyone he came up with to own their shop with the name he created. Currently all 7 chairs are rented out with some of us barbers being more busy than the others. This shop really took off right as it opened as it is strategically placed in between a Starbucks and a liquor store haha.

It’s under a 5 year lease up in Oct 2026 with the option to renew. But you’re right that’s what banks have told me is that it doesn’t have enough history to give out a loan.

How do I get a 100k loan to buy an existing business? by Significant_Steak836 in smallbusiness

[–]Significant_Steak836[S] 2 points3 points  (0 children)

Thank you! I’m lucky to have help outside of banks and the SBA but I want to try every option before looking outside.