It's a mixture of bank loans and loans from the vendor. There isn't much in the way of assets with RSVP; the value is in the 15,000 lifetime members.
It's therefore quite hard to raise money on, and secondly, we wanted to retain the vendor's support.
Last weekend we did parachute jumping and this weekend we're doing some helicopter flights. RS: We employ about 15 people, about half of which were there when we took it over.
The general manager, who ran the business day to day for the previous owner, volunteered to stay on and has been really helpful. RS: We invested about 20% of our own cash and the rest was debt-funded. It's a technique that I'd seen used mainly in MBOs [management buy-outs] at big companies.
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