3 years ago I bought a coffee shop valued at $400,000 for just $15k down.

Here is how.

The owner of this coffee shop was going through a divorce so she wanted to sell her business and move on with her life.

Her cafe between drink sales, alcohol sales, merchandise, and renting the venue, made about $500k per year in gross sales.

After expenses of paying her staff and rent, she netted about $200k per year.

Most small businesses sell for 2-3x their profit.

So her asking $400k for her business was very reasonable, especially considering 80% of her customers were daily visitors.

This showed me this investment was a fairly safe bet.

But I didn’t have $400k to just throw around like nothing.

So I told her what I tell every company before I acquire them…

“Only 1 out of 15 businesses for sale in America sell each year.

I hate to say it, but you’re not likely to ever see a dime for your business – even though your numbers are great.

There just aren’t many people buying businesses”.

Of course, this was a bit abrupt, but it’s the truth.

She realized that she had already been “for sale” for over 6 months and had almost 0 serious buyers before me– and that she probably would never see a dime.

So I offered to give her $15k down and pay her $10k per month until the full $400k was paid off in a few years.

She agreed that while she may have wanted $400k upfront, that she’d have to pay insane taxes on it anyways.

And that having the security of $10k per month for years, without lifting a finger, was way better than crossing her fingers that a buyer comes around with $400k sitting around.

So we signed the paperwork.

I wired her $15k on the 3rd of the month (when the deal went through).

And by the 3rd of the next month the cafe I bought brought in $50k in sales (that’s what it was already doing, I made no changes).

Of that, $20k was profit (also same as before).

I wire her $10k per month as payment toward her $400k “loan” from the business profits.

And that still leaves $10k per month in profit that I, as the owner, can do whatever I want with.

The staff is already paid, rent is paid, etc.

So I can use this to live off of or use the money to reinvest in the company (which is what I do for now).

So there you have it.

Another example of buying a high cashflow asset for next to nothing (in comparison to typical $50k+ investments).

So how can you do this, you ask?

Well, you can spend years building relationships in investor circles…

Spend tons of time hunting down leads and building a relationship with them to get them to agree to your terms…

And an extra 1-2 years just spinning your wheels with no real strategy behind your investing (other than you saw someone tell you to buy a certain crypto coin on Ig, lol).

Or, you can skip all of that by coming to Wealth 101 Event.

Here, my partners with over 40 years of combined investing experience, are teaching you HOW to invest like us.

But also bringing the deals to you.

So you don’t just learn how to invest– and then have to go hunt for real estate and private equity deals for months.

We are bringing these hot deals to you.

If you’re serious about investing and you are ready to get passive assets like in this case study, then this is the event for you.

If done right, you’ll leave with tons of knowledge AND hopefully even have your first investment made (or close to it).

Schedule a call with our team and let’s see if this event is a fit for you.

We have tons of real estate AND private equity deals that require less than $20k to get started with being featured at this event.

Let’s see if any could work for you when you book a call.

-Jeweliet Tangen

& The Wealth Map Team