How To Finance the Acquisition Of A Health Club | How to Finance A Gym By Using The SBA Loan Program

How to Finance the Acquisition of a Health Club or Gym Using the SBA 504 or SBA 7a Loan Program

Financing an acquisition can be a complex process, and the specific approach will depend on the size of the transaction, the industry, the financial position of the buyer, and the desired timeline for completing the deal. However, here are some general approaches to financing an acquisition
Hey Beau, I own one gym right now. There is another gym locally for sale. I know the owner. It’s not currently on the market. The owner wants me to get first crack at it. The purchase would be for the building itself and the business and its equipment.

He wants $1MM for the building and $650k for the business, including equipment.

I would most likely need another $250k to upgrade some equipment and lightly remodel the building.

What’s the best way of structuring the financing for this?

Thanks,
Nathan

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HASHTAGS:
#finance #acquisition #businessfinance #debtfinancing
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Timestamps
[00:53] Doing a straight 25-year amortized loan
[01:11] Keeping more cash flow
[01:22] Go to SBA 7a to leverage
[01:47] You can upgrade and build in working capital with SBA 7a
[02:46] When is the better time to refinance to long-term debt?
[03:29] Maximizing the lending as much as you can
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💥 Thanks for watching 💥
SBA504 #SBA7a #LoanProgram #healthclub #gymfinancing

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

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Alternative financing
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