An initial down payment of 40% of the total is required when you purchase a new restaurant or 25% of the total cost when you purchase an existing restaurant(s). The down payment must come from non-borrowed personal resources, which include cash on hand; securities, bonds, and debentures; and business or real estate equity, exclusive of your personal residence.
Business values for existing restaurants differ. As a result, the minimum amount for a down payment will vary. Generally, we require a minimum of $700,000 of non-borrowed (unencumbered) personal resources to be considered. Individuals with additional funds may be better prepared for multi-restaurant opportunities.