I own one territory as a Filta Group franchisee that I started on November 27th, 2023. This territory was purchased from an owner's estate after his passing. I'm in the process of purchasing a second territory and need liquid capital as part of the SBA loan process. I'm getting a $400k loan and need 10% as a down payment, $40k, and an additional $36k in my checking account as an assurance I have enough cash to sustain the business.
My current territory will have generated a gross revenue of about $150k through the end of May. I project we'll end up between $300k-$350k by year's end. The territory I am acquiring will gross approximately the same amount. The biggest prize of that territory is Gillette Stadium, home of the New England Patriots, which is about $100k worth of that territory's revenue with another $50k-$60k potential by adding additional services. My goal is to build these two territories to surpass $1MM in gross revenue by the end of my third year.
Investment can either be an ownership stake or treated similar to a CD, with a guaranteed compounded interest yield over a number of years.
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