Case
A Belgian family owning the Bao Bao chain or restaurants serving the Oriental fusion cuisine in Porto and Lisbon decided to get a foothold in Barcelona. To do this, they needed to raise over € 500,000.
Mission
Raise funding in excess of half a million Euros (55% of the needed capital).
Challenge
The clients initially attempted to navigate the process without financial consultants and laid the groundwork independently. For 1.5 years, they tried to secure funding on their own, but banks repeatedly rejected their requests. Negotiating with a bank that has already issued a refusal is always a significant challenge.
Solution
- We studied the company’s paperwork;
- We remade the presentation for the banks; and We modified the business plan
Result
In just 1.5 months, our clients received 55% of the capital they needed. No real property or any other assets were collateralized. The Belgian clients wouldn’t even go there in the first place.
The efforts and expertise of the Laduchi Consult team – a new restaurant serving the exquisite Oriental cuisine opened in Barcelona (Spain) and Bao Bao expanded its chain.