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Too much Wine!

Too much Wine!.

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Too much Wine!

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  1. Too much Wine!

  2. Joe opened a winery with his wife on the side of Mt Nittany. He expended his interests in the fist two years of the southern slop of Mt. Nittany. His vineyards are born, and they bare fruit on the veins. His effort has not been in vein. He has won many metals. He is now financially stabled and can easily preform repairs. His pervious customers are loyal.

  3. The answer • Get appraisal of land, buildings, equipment, inventory • Examine financial statements to get earnings history, debt, liquidity, etc. • Adjust cash flow for your situation – more debt, more family living draw, less initial cash • Talk to lender with per forma financial statements, your personal balance sheet, business plan, etc.

  4. See if Joe & Betty will form a partnership or LLC where you are junior partner initially and gradually buy them out. This would have a schedule of payments and prices • Or maybe they will lend you part of what you need as a junior lender (bank has first claim) • Or you find another partner

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