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Success Story: Next Door
Next Door (www.NextDoorSanDiego.com) is a craft wine bar that has been a neighborhood favorite for nearly 10 years. It caters to the more discerning wine-lover looking for an excellent selection of world-class wines in a small, intimate atmosphere with a true sense of community.
Use of Capital Infusion Funds
The financing was used to purchase the business, and it was provided by the sellers.
Areas of Assistance
Obtained Financing
Negotiation & Deal Structuring
Business Valuation
Purchase Agreement/
Promissory Note
Economic Impact
Capital Infusion: $130,000
Jobs Created/Retained: 3
Business saved from closure
Location
San Diego, CA 92115
“I had never bought a business before, and I really had no idea how to make it happen. SBDC was with me every step of the way … they helped value the business and found the best way to finance the deal, and they even coached me through the negotiations. Now we’re off and running! Their support was invaluable.”
