Small story short, a previous boss of mine who I stayed friends with wants to sell half of the business. I have been looking to startup this exact business myself. Over the last few years I’ve worked on getting business credit to our LLC, perfecting a business plan for a from-scratch business, and generally preparing to approach a bank.

They want to sell for way less than what we would need to start a business. And I know them, we would be running the business how we would want to run it. No issues there.

Now I’m considering using a broker and getting a loan that way. Is this better and potentially more efficient than the traditional bank route? Not knocking the approaching a bank route but we also don’t want banks to say no over and over again, as this is a restaurant we’re buying.