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Yeah retail is a lot of work, I generally try to stay away from labour intensive businesses, nightclub being the exception. I'm sole for 1 of them and heavily involved in a couple More. The rest are more on a say couple of hours a week basis

-consulting business mainly developments and some investment opportunities in private and public businesses -Import/eexport/manufacture food products for industrial use -nightclub -Consumer electronics distributor -coconut water licensee for an overseas brand U?

What kind of business do you own TMNT?

I couldn't disagree with this any more than I do. Buying a business is predominantly about earning decent dollars otherwise what's the point?? You're clearly doing it wrong if you think it's about tad deductions, being very busy and not earning much. Businesses can be extremely...

Ouch!!!!!!!

It sounds understaffed atm (so wage bill should go up) and only makes 10k a year atm, assuming it will easily go up to 50k is dangerous imo

Firstly, aask yourself this. Even if the business was free could you make decent money from it? If the answer is no walk away and stop wasting your time Have you looked at the lease to work out why it has been fluctuating so much?

Agreed. Numbers dint add up here and rent seems far too high. Lots of odd looking figures too, doesn't look like the full picture. There would have to be something pretty ourstanding/uunusual that isn't immediately obvious to justify this purchase. Look at it another way, even if the...

Always?? That is entirely wrong a business in a good location, with a good lease and good staff, needing no capital upgrades can be worth a lot more than another one in the same industry, in a worse location and needing $$ spent on it, even if business b is making more profit than business...

Youre right but that doesn't take unto account assets. If there is $300k of valuable assets then it could be a fair price. As it stands no one can really say I nearly bought a nightclub last year for 400kdespite it only breaking even, in the end I was outbid And it was fair value even at...

It's too hard to put a figure on it without more info. Is it a capital intensive business? What is the value of the assets there? Any debt that you will be taking on? Good lease with options etc? How hard will it be to turn around? The profit of 10k, did that include the owners...