Subject: $4M Business loan requested
I intend to purchase two connected buildings in Miami that are located in a 24 hour liquor service district. The purchase price is estimated to be $2.5M, which is also what the property has been appraised for by the city of Miami (see attachments). In addition, I will require $1.5M for improvements to restore and convert the facility into a state-of-the-art nightclub with flying performers (a la "Cirque du Sole"), authentic lightning effects, and an earthquake simulating metal grid dance floor. I have a business plan for review. I anticipate this venture to generate approximately $4-$5M in gross revenue and $1.5-$2M in net profit per annum. I am flexible in loan terms (6% - 10% interest only, with a 4 year balloon), or possibly a venture capitol deal with allowance to buy-down percentage shares with principal reduction ($1M/yr.). If I can close by the end of December, I can be open in time for the annual Ultra Fest held in Miami in March - I could then be open 5 days in a row and gross over $500k in one week (over 60,000 people from all over the world attend and it is always sold out). And, as an aside, the two billboards on the building generate $8,000 per month income.
Contact: See contact information at top of listing
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