So id like to to think I know a thing about small businesses.
Is anybody close to know anyone involved in one?
I used to be good friends at my local Aust Post since I was there almost everyday,
he was a retired or semi retired guy with 3 of them, I think he sold one or two of them to his son for whatever reason,
previous owners had it for 9 years, they bought it for $300k ish and sold it for $800kish,
new guy seemed to be doing well especially when the one nearest by in a shopping centre closed down.
question: assuming there are no micro influences, such as another one going up close by, your shop front getting blocked off or changed for whatever reason
assuming the aust post market is going to remain steady,(ive heard two contradictory stories that aust post is going to decline big time because nobody sends letters any more to aust post is going to boom because of online shopping)
assuming the price you buy it, I believe its on the expensive side of 4 times multiples of earnings,
wouldnt this be a very safe investment, almost likea PAYG job?
one nearby has gone up for sale for about $1m, I believe the net profits are $250k, (not too sure if this includes bank interest, and I think thats assuming you work there full time)
Is anybody close to know anyone involved in one?
I used to be good friends at my local Aust Post since I was there almost everyday,
he was a retired or semi retired guy with 3 of them, I think he sold one or two of them to his son for whatever reason,
previous owners had it for 9 years, they bought it for $300k ish and sold it for $800kish,
new guy seemed to be doing well especially when the one nearest by in a shopping centre closed down.
question: assuming there are no micro influences, such as another one going up close by, your shop front getting blocked off or changed for whatever reason
assuming the aust post market is going to remain steady,(ive heard two contradictory stories that aust post is going to decline big time because nobody sends letters any more to aust post is going to boom because of online shopping)
assuming the price you buy it, I believe its on the expensive side of 4 times multiples of earnings,
wouldnt this be a very safe investment, almost likea PAYG job?
one nearby has gone up for sale for about $1m, I believe the net profits are $250k, (not too sure if this includes bank interest, and I think thats assuming you work there full time)