Angels, Real Estate

[Andrew]

Ok, so my 10-year plan is to own and open a club before I turn 50.

I want to own the real estate that would become the club. I expect that I would have to syndicate the costs of the land deal and then the building of a club.

I want to situate the club right in the middle of the main entertainment area - expensive, but this is where the crowd I want to attract go.

I have not started on a business plan and don't know how best way to attract Angels..I may not need them but I am looking at all the possibilities.

* Can anyone tell me What percentage of Clubs have used Angels in their businesses ?

* And are Angels interested in the associated Real Estate venture (5 year investment, min.) ?

I am not expecting much feedback but you never know...

[David]

Andrew:

I don't know of any resource that lists investments by categories. When you use an Angel or other type of outside investor, they will usually require you to sell the business after it has matured. This is how they make their money.

[Andrew]

David, you stated that Investors would require one to sell the business on maturation, I had not considered that! (thanks)

The point you raised really hit home. Involving them in any land deal would *not* suit me, I need to control the real estate to give me the security to build on - in my own time.

Do you happen to know, roughly, what percentage of succesful clubs own the land that they are built on..or does it really matter?

It is not just a business to me, it's a 'Fantasy and Fun factory'!