I have to agree that you really haven't provided any information about the business. All we know is, it's a business that's been around for 40 years and you need a million dollars. That really doesn't mean anything anymore. Sheason-Leahman was around 150 years. As far as we know it's an outdated business model or fastly becoming obsolete because of technology, competition, or legislation.
We don't know.
People look for advice for all kinds of businesses like Video Rental stores, record stores, internet cafe's...and we have to talk them down from the ledge. So there is really no way for us to know what you are talking about past asking the bank for a loan.
So we can only give opinions based on knowing pretty much nothing about it. So the only thing we do know for sure is that you want a million dollars to buy it..so that's the only thing that we can concentrate on because we don't know anything else.
It's hard to give a well rounded opinion with only half of the information...so yeah. A million dollar loan from a bank for a mysterious business is going to sound like stretch to us, so my first response to that if anyone else said it off of the street is "Yeah, good luck with that".
It kind of sounds like when my friends say, "Man, if I had million dollars I'd buy that and really make some money".
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