find another investor for the other 15%...would probably have to be someone you know as not many investors would buy into a business being 85% funded by a loan.

Basicaly I can get an 85% one but need 100% or 95%.

What sort of business???

I just done a basic commercial mortgage application form on line and have been approved for a 85% in principle but there is no way I can get that kind of deposit.

He sold land next to it, eariler in the year to cover his mortgage to build three houses on it.

Since then he has not really bothered opening as his wife is from the philippines and he always aimed to move back over there.

I know I can not put the above in the business plan, but other than that its had no investment in almost 2 years. Opening hours cut by 20ish a week.

Because he is too pissed to open during the day and can't be bothered with entertainment to get the people in and buying...

If it'll do so well why is the current owner selling up?

I understand the business plan bit and thats not a problem. Was just summing up the problems at the moment.

Just wondered how they go about it as techinally the turnover will pay for the mortgage.

[Edited on 11-11-2006 by Jodi_the_g]

Approach the bank with a business plan.

Royal bank if meant to be good!!

You would need a proper business plan in order to borrow in this way, which wouldn't just comprise of saying the only problems are that he's never open.

I'm quite sure that there's more to it than that.

Not a buy to let, to buy a business.

It currently is not making any money this is many due to the current owner is a right twat and only ever opens when he wants. He has now shut it down and is thinking about selling.

How do these work, do all I have to do is prove if it was open and new ideas added it could turn a profit. Not a huge despist is avaiable.

[Edited on 11-11-2006 by Jodi_the_g]