Oct 11 in General discussion
Looked at 2 businesses to purchase this week, and this how it went
Flooring, Kitchen and Bath Company -
Estimated Revenue 1 million + ( wasn’t allowed to see the books or taxes)
No inventory
Owns building with flooring, kitchen and bath displays built out, has income from commercial property either side of the building, and is a shopping center.
Wants to step away from the business and focus on selling commercial real estate
$5000 in the bank
Sub contractors retained
Has 3 Jobs lined up for about 250k in revenue before the end of the year.
Asking $250 K plus $5 k per month for rent plus utilities
Will Finance with $150 k down and $100k over 2 years.
Thoughts?
Pet Supply Company -
Has $45k plus a month in hard costs and is only doing $35k in business… 4 years in a great location
Needs complete overhaul of management.
Cost to acquire, $6k includes franchise
The Hang up… owner not willing to relinquish control till all the paperwork is complete and ownership is transferred.
Thoughts? 🤔
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Looked at 2 businesses to purchase this week, and this how it went
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