Restore a Forty Year Old Business for a 10 Cap Investment
I’m attempting to find someone to aid in rescuing my family’s business of forty years, a rurally located tavern/restaurant in a growing bedroom community surrounded by several notable draws.  Both of my parents died a slow death fighting cancer just a few years apart, which left their estates and our business in quite a bit of debt, and previous attempts to re-open the business resulted in most of the available funding covering those losses.  After some consultation, I can make the following offer:

This is a 10 cap NNN investment, $120k basis ($85k building, $35k TI), looking for the long term with some negotiability on, both, terms (such as profit sharing) and total investment, for a leasee with decades experience in associated industry.  The last decade of books, all quotes and other details are available for potential investors.

I would like to restore this local tradition as soon as possible.  If this is of interest to you, please contact me.  If you know someone or some place may be interested in such investments, please share this post.  Thank you for your time and consideration.
[{"id": "hyo5e4g", "text": "Think your best bet here is a hard money lender. \n\nI\u2019ve seen your post multiple times and although I respect the drive and what you\u2019re trying to do, not sure anyone wants to take on this risk.", "replies": [{"id": "hypaquq", "text": "It's simply not an option to do a hard money loan.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hyodbj3", "text": "What is the name and location of the tavern? That might help", "replies": [{"id": "hypaf5w", "text": "Berry Lake Club of Gillett, Wisconsin.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hyrxxss", "text": "The cost is very very low.  It\u2019s hard to justify investments like that out of state for such low $.  You need someone local.\n\nThe business is non existent.  It closed.  Whatever the old business did doesn\u2019t matter.  This is a new investment.  \n\nI\u2019ve owned a few of these and a 10% cap is terrible.  If I was local I\u2019d be more interested in a 20% cap.  \n\nIn this economy you\u2019re talking about $1k/month rent.  That\u2019s nothing.  It\u2019s 200 beer sold.  You should be doing that a night.", "replies": [{"id": "hys03a9", "text": "Bottles are $2.50, and that's a Saturday night, or about a $1.50.  I could do $2k per the tourist half of the year, but it might be hard to meet that in the other half of the year.  The previous business does matter, as it would be the same place, same people and 20 years of my experience under the same name.  It's legally distinct, but the community, and hence source of income, will continue to see it as the same.", "replies": [{"id": "hyt0rap", "text": "&gt;  the community, and hence source of income, will continue to see it as the same.\n\nHave you considered crowd sourcing any of this?  Might cover your part of an SBA loan.\n\nThere has to be someone local who is buying cre?  do you know who it is?  I'd be looking at past sales for the last 24 months and calling anyones name I saw more than a few times.  Who owns the properties adjacent?  Have you talked to them?", "replies": [{"id": "hyuct9e", "text": "Sadly, crowd sourcing was unsuccessful.\n\nI wouldn't know how to look up CRE buyers in the Northeast, but in a rural location, the adjacent owners (of which, there are only two hospitality business in the town) are usually the people operating them.  I have tried contacting commercial buyers in general, though, most have a contact form on their site, rather than an email.  This seems to discourage return communication, somehow.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]