Obtained $60k from Bread Route Acquisition
Details
As a financial adviser, our primary goal is to assist our clients in identifying the best finance solutions for their business needs. In this case study, we will discuss the funding campaign for Bread Route Acquisition services. Our client was referred to us with a strong credit score and a stable income, looking to purchase a bread route already in operation.
We will discuss the various finance options available and the steps we took to secure funding for our client. Additionally, we will explore the resources necessary for successful execution, expected outcomes, and achieved metrics. Lastly, we will provide evidence-based recommendations and best practices to improve the effectiveness of the funding campaign.
Company Information
This company is specializes in purchasing and operating bread routes. They work with different suppliers to distribute various bread products to commercial establishments and residential areas.
Their services offer a unique opportunity for individuals who are interested in entrepreneurship and owning their own business. However, many potential buyers do not have access to the necessary funds to make the initial purchase. This is where our funding campaign comes into play.
Finance Options Available
In this case, the client was seeking $60,000 to purchase a bread route that was already up and running. We explored various finance options available to secure funding for our client. These options included traditional bank loans, personal loans, and small business loans.
After careful consideration and review of the client's financial profile, we recommended securing two personal loans with rates below 10% over 60 months each. This allowed the client to have cash in hand to present to the seller during the purchase.
Steps Involved in the Process
Resources Necessary for Successful Execution
To execute this funding campaign successfully, we needed access to a network of financial institutions and loan providers. We also required access to financial and credit reports to evaluate our client's creditworthiness and financial standing.
Evidence-based Recommendations and Best Practices
To improve the effectiveness of the funding campaign, we recommend conducting a comprehensive review of the client's financial profile to identify the best financing option. It is also essential to negotiate the best possible rates and terms to ensure the client receives the best value for their investment. Additionally, we recommend staying up-to-date with financial and economic trends and regulations to provide the best possible service to clients.
Results
The expected outcome of this funding campaign was to secure financing for the client's bread route acquisition, which we successfully achieved. Within ten business days, we secured:
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Takeaway
In conclusion, securing financing for Bread Route Acquisition was a successful campaign. By working closely with our client, we were able to identify the best financing option and secure funding within a short timeframe.
Our expertise in finance and access to a network of financial institutions enabled us to provide our client with the best possible financing solution. Moving forward, we will continue to provide evidence-based recommendations and best practices to help our clients achieve their financial goals. Contact us today to see how we can assist you with your funding needs.