**UPDATE** Great call with seller, pretty cool dude. My suspicion of it being a lifestyle business (by choice) confirmed. Wants to spend more time traveling with wife (she wants him to slow down, so motivated). Still passionate about the business and wants to see it continue in good hands (more motivation). Lots of good ideas for growth but just didn’t want to invest Searchfunder member
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Searchfunder member
Looking for feedback from fellow searchers and investors on general impressions and what type of multiple this might be worth.
Looking for feedback from lenders on their general impressions and if any potential issues in funding, e.g. DSCR, NWC, etc.
I don’t have detailed financials yet but suspect probably a lifestyle business. Have first call with seller next week to chat. I like the market/applications and can see potential to grow beyond luxury residential into disabled and elderly (age-in-place and commercial facilities) as well as expand geographically but think $900K asking is too high (maybe more like $650K) and concerned may be difficult to fund.
Thanks!
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