heh, I took a class on entrepreneurship, but I don't really know all that much. Sounds like you did the right thing to me. Did you meet with people in person or are you just doing this via phone/e-mail. In person you might be able to excite the lender a little more and convince him to give you money.
It sounds like you are off on how long it would take to buy the place (based on information provided in your post). You are looking to borrow 400k, with 150-200k profit per year. You are talking probably 3-4 years or more depending on interest rate, unforeseen investments needed, and if you are including your own salary. Of course, I'm making some assumptions as I don't really know to much about small business loans.
Also, I'm not sure if the LAN business would fly with investors, of course you need to feel this out for yourself. If you find people are turning you down, ask why. You could drop the LAN from your business plan and you may be able to get an initial investment for the store, and then get another loan later for the extended business.
Investments are probably down due to the recession, but you should still be able to get money if you can convince them you'll be able to pay them back.
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