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TOPIC: Down deposit

Down deposit 09 Oct 2009 23:58 #32548

  • jacker5
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I have this twin theatre that just closed they want 250,000. What is a reasonable down deposit. The theatre claimed to be making money but not enough for absebtee ownership. They shut down. They told me to make a offer and what depsoit and see if the can do something. What should I offer and how much depoit. It is turn key. Like 250 each screen was taken over by a chain so was done over and insulated. Have potentantial to add 2 more screens with major construction. What should I low ball and what is the minimum deposit. College town.
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Re:Down deposit 10 Oct 2009 00:34 #32549

  • slapintheface
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20%
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Re:Down deposit 10 Oct 2009 22:57 #32557

  • jacker5
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What is a good price I should offer. I was told that the theatre has a heating problem due to poor instalation. It takes about 600 gallons of oil every 2 weeks?

What about SBA loans?
Last Edit: 10 Oct 2009 23:23 by jacker5.
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Re:Down deposit 11 Oct 2009 00:50 #32559

  • slapintheface
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THATS A LOT OF OIL
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Re:Down deposit 12 Oct 2009 15:42 #32567

  • tratcliff
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If you are thinking of trying to get a bank loan, then unless your credit is A+++, you better bet on 30-40% down, especially if the theatre is currently closed.
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