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Mark Wilson had no cash to buy the Buffalo grocery store. A trusted banker gave him a signature note, and he borrowed money to borrow money—then went from roughly $150,000 in personal debt to $1.8 million almost overnight. Mark explains how the ownership opportunity developed, why he refused to keep leaning on his former owner, what the new debt felt like, how the store grew…
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Mark Wilson had no cash to buy the Buffalo grocery store. A trusted banker gave him a signature note, and he borrowed money to borrow money—then went from roughly $150,000 in personal debt to $1.8 million almost overnight.
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Mark explains how the ownership opportunity developed, why he refused to keep leaning on his former owner, what the new debt felt like, how the store grew from about $2.1 million to $6.4 million in annual revenue, and why a 0.82% net margin still left almost no room for error.
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GUEST & RESOURCES
Mark Wilson, RE/MAX Elevation — Buffalo, Wyoming
https://www.remaxelevationbuffalo.com
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