To whom it may concern,
I hope this letter finds you well. My name is Paul Goettemoeller and I am a local resident to the greater
Lima Ohio area. I am 31 years old and graduated from The Ohio State University in 2015. I have a vast background in business, 7 years of sales manager experience, and am currently in the process of acquiring a full-time business. I am reaching out to you personally because I am seeking investment funds to use as a partial down payment to buy an existing business with years of history.
This existing business has been around for +/-15 years, with a healthy 3-year average gross revenue of
$800,000 + and margins hovering around 25%. My intention is to increase margins to 30% + by both
driving new sales and helping with installs/production when time permits. It should be noted this company has several large accounts that have a dedicated monthly spend with this store, making it profitable for years to come.
The due diligence has been done for this store and the purchase price of the business has been agreed
upon of $625,000. The sellers are financing this store at a lending rate of 8.5% amortized over 10 years,
with a balloon payment to be made on year 3. It would be assumed that at this point I would finance the remaining balance with a bank. In addition, the GM at this store is training me for 3 months to be paid by the sellers. This is truly a once in a lifetime deal!
I am looking for an investment of $100,000 at a 12% interest rate. I would like to extend this loan term
for 5 years, with repayments to be made quarterly in the amount of $6,673.32. This down payment
assistance will allow me to fully utilize my personal funds for the franchise/closing fees, as well as
working capital once the business has been transferred into my name.
Please thoughtfully consider my offer and let me know of your interest or if you have any questions.
Respectfully,
Paul J. Goettemoeller
(937) 638-7600
[email protected]