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Recent content by newtothis

  1. N

    China and Liability Insurance Question

    WEB/DIGITAL 
    I was thinking and came up with an idea. What if i am just going to be hired by the Chines company to be their product Representative ? I will sell, promote and handle customer support, and will be paid a difference from what i sell the product and what they give it to me for. But i will be...
  2. N

    China and Liability Insurance Question

    WEB/DIGITAL 
    Hello, I found an interesting product, tested it, found a manufacture in China who would manufacture it for me. My main issue now is liability! How do i protect my self? The product has a lithium ion battery in it, it heats up, and users will keep it close to their face or in their pickets...
  3. N

    Looking to buy existing Subway shop, help in evaluating the price

    What is sales are 300k ? As i mentioned, i am using above numbers just as an example. Try to figure out purchsing price, and alsonegotiation leverages when talking with the seller. I am not looking to get rich from this business, just looking at it as a cash flow.
  4. N

    Looking to buy existing Subway shop, help in evaluating the price

    If we assume that asking price is 50% of the Gross Profit ($71,000*50%) = $35,500 any thoughts ?
  5. N

    Looking to buy existing Subway shop, help in evaluating the price

    this numers are only estimated. they are +-. also, i am just using 100k as an example. What i am trying to do here is to learn how to evaluate a business and see if its worh buying, and if not why. if one to look at this. do i use net sales number to estimate it or net income times x1,x2...
  6. N

    Looking to buy existing Subway shop, help in evaluating the price

    Steve, (others) Here, i used numbers instead of %. Net Revenue (Sales) $100,000 Cost of Goods (Purchases & Supplies) $29,000 Gross Profit $71,000 Operating Expenses Loan Repayment $5,000 Officer Compensation $6,000 Total Operating Expenses $68,000 Net Income/Loss $3,000...
  7. N

    Looking to buy existing Subway shop, help in evaluating the price

    If you add up loan and Officer compensation it's 11% plus the 4% net income that adds up to 15% of revenue. I don't count 4 net income, I would live that in a business. 5% loan would be paid out in 5 years for instance. That's leaving me with 6%. If using 100k as net revenue/sales. What would...
  8. N

    Looking to buy existing Subway shop, help in evaluating the price

    How are you, I am looking to buy existing subway that has been in business for more then 3 years. This is 100% absent owner, that has employees and manager in place. I have converted all of the numbers in to %, so that i can share them with you. I decided the income or expense by the net...
  9. N

    help with business plan for the food industry with the franchise

    Hello, Does any one have any good resources to put a business plan together. The hardest part is statistics and numbers to back up findings and base the numbers on. Does anyone have any good resources where one can look up some food consumption statistics or soem other food related information...
  10. N

    Looking to buy 3 family home that is foreclosed, need some advice

    REAL ESTATE 
    Thank you for your reply. Some more information. Its a standard 3 family house. I am looking to finance it and put down around 10%. rate probably 5.5/6%. The rent for each unit probably would be around 1000$ The only problem with this, they go fast sometimes, there is not enough time to do...
  11. N

    Looking to buy 3 family home that is foreclosed, need some advice

    REAL ESTATE 
    Hello, I am looking at this property 3 family: $250,000 asking its foreclosed It needs new electric box, some new pipes, little painting and touch up, whole new bathroom, and 3 gas heaters. it also has been winterized. I am estimating for all the repairs to be around 20k. My big question...
  12. N

    starting internet radio station

    Hello, I have told this to few of my friends, and didn't get a really good reply's. My thought process: I see a community, that is currently listening to some very crappy AM radio station. They have very bad music, its old and its just boring. I want to create a site that would...
  13. N

    3 family foreclosure, occupancy permit question

    REAL ESTATE 
    hello, I have finally stooped waisting time and got to business. I am looking in to multifamily homes and came across one that is interesting, but my friend pointed something out for me. Its 3 family foreclosure, that needs some TLS. However, the concern is that because its been...
  14. N

    Pre-order page, what to do ? New product release

    WEB/DIGITAL 
    Hello. I found a product, got a test sample, talked to manufacturer from overseas about pricing and leadtime to manufacture. I know its in demand, but i am not sure how much and how much people willing to pay for it. So i want to test pre-order before i buy more of it. Here is the scoop. The...
  15. N

    Website idea, needs your constructive criticism

    IDEA 
    Thank you for your posts. I guess you right, i was thinking to group some authentic food in under one roof, for instance all Indian restaurants. so for instance someone would be interested in Indian food, he would put a zip code in and see what restaurants are closest to him, then see who has...
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