Given this scenerio:

Self serve car wash is selling for 1.2 mill
Land and building is valued at 1.2 mill
Business nets in the neighborhood of 100k

Since the real estate is valued equal the selling price what kind of loan will I be after? What will the lender be required from me? What is the minimun down I will need here. My credit score is in the 720 - 750 range.

This is located in an extremely high growth area in Florida.

Thanks.

Most likely will need 25% down or
10% down will seller held second mortgage of 15% or
have the seller hold a note for the entire amount.

Assuming that the net income is $100M, the price of $1,200M is a little too high. Unless the land has a different best use than as a car wash.

Minimum down payment 10% (SBA loan)
Typical down payment 25%-30% (bank financing)
Down payment for finance companies 20%

The lenders are going to be looking for the following:
1. Experience running a car wash
2. Last 2 years tax returns and year-to-date financials for the business you're buying
3. Your tax returns for the last 2 to 3 years