Almost closed, need new partner immediately!

[FLNightLife]

We've funded 600 out of 700K and our quarter share partner (there's four of us total) left us in a lurch. Nothing personal, they did not have enough cash on their own/were unable to get financed, loans, etc. The big problem is we found out last minute and now I, as the rest of my partners could stand to lose a lot of money if the club does not close. We have renovation money; however receiving it is ALSO contigent on the closing.
Details:
Florida class 4CPO Liquor License
Awesome spot in Downtown Orlando
Capacity of almost 1000
Management staff already in place

The buy in is 250K per 25%, 150K per 15% interest share, etc. but minimum of 150K as we need to pay rent immediately on closing.

On top of all this, I need it closed by the weekend or it is likely I lose the deal and over 100K of my own assets. I know I'm new to the thread and asking a bunch but I know this is a tremendous place to network with like minded individuals. Email me if you need more details regarding theme, business plan, projected numbers, repayment schedule, etc.

[FLNightLife]

Ok, so I am looking around at some of the other threads and feel like I should give some more info. I am limited as to what I can tell of the theme without a non-disclosure agreement being signed and without us closing, but at least this much I can tell you:

Demographic will be 25 and up; no young kids and no cheap drinks as that encourages cheap clientele
Upscale yet funky; a format that is to compete with the best of Miami and Vegas, in the heart of downtown Orlando
Music will be electronic oriented, this has the most success with the targeted crowd, at least in this city
2 levels, the upstairs will almost exclusively do bottle service; the previous nightlclub would do about 30 bottles a night @200 a pop on the busy nights; that was before the renovation we are doing and certainly did not cater to the best crowd
It has a strong identity and is easily franchiseable.
Wish I could give specifics, but can't without the agreement, hope this helps a little

[FLNightLife]

If anyone that's not from some unheard of company in Nigeria could help me that would also be cool.

[ministry]

i'm sorry for your bind. i doubt you will get any cash here on such a short notice, also i'm sure you are legit but it does sound like a "act now" kind of thing. my question is, are you already building the place ? if not how will you loose 100k ? don't you have a signed lease ? we need alittle info.

[FLNightLife]

Appreciate the response Ministry. It is in an existing building and we will do renovations. The 100K I could lose is a combination of the deposit, money we paid outside of closing, and, if the sellers really wanna get nasty they might sue us for going past the contract date, time and money lost, it's really a big mess. We have it extended until tomorrow, at that point our lawyers will duke it out but hopefully we can come to an amenable agreement. Definitely is an 'act now' type of thing, but hey, desperate times call for desperate measures. I might have been better off asking for a short term loan and and shown security interests. Well, it's probably too late now for any last minute solutions so wish me luck and I'll let everyone know what happens!

[teenclub]

if you are getting the property...you might try the legal loan sharks "hard money" lenders to get the cash quick...will kill you in interest, but better than losing out

[FLNightLife]

Would do that but we are buying the business within a property, not the actual property itself, which is a 20 million dollar building housing several different nightclubs and venues. It's tricky, but that's a way most clubs are financed in Orlando, so any type of commercial property or real estate loan does not apply. Well, I bought myself another day, so hopefully a distant rich relative will give me a holler tonight..

[FLNightLife]

Looks like we're all set so if anyone out there is interested in investing, as we have a quarter to consider giving up, I'd be more than happy to see a proposition...contact my email, and I can give specifics, business plan, etc. Look forward to hearing from you!

[skirtchsnbadguy]

So you have a self-admitted mess, your club isn't even off the ground yet, and you just expect some investor to come out of no where and throw money at this disaster?

best of luck, but if i were you i'd get my money out and run for it.