The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

  • SPONSORED: GiganticWebsites.com: We Build Sites with THOUSANDS of Unique and Genuinely Useful Articles

    30% to 50% Fastlane-exclusive discounts on WordPress-powered websites with everything included: WordPress setup, design, keyword research, article creation and article publishing. Click HERE to claim.

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.

Join FREE
Download Books
No Ads? Join Insiders
Free registration at the forum removes this block.

Recent content by SteveF

  1. S

    Acquiring franchise network

    Nothing ever happened. He scoffed at my offer, and as far as I know he still has not sold the business. Perhaps he'll change his mind one day and lower the price to a more realistic value, but I'm not holding my breath. Either way, there are lots of competitors from the US opening up here (I'm...
  2. S

    Acquiring franchise network

    Just an update - I met with the owner and his accountant today. He gave me a whole spiel on how the business is undervalued at $850K, and that it's a great opportunity "if you can grow it". He also informed me that two of the franchisees are looking to sell their businesses (if they can't, they...
  3. S

    Acquiring franchise network

    Well, I don't know about Subway franchises, but the point is that I DO NOT want to buy a job. I like the fact that this is a network and not the franchises themselves, but I realize the owner is completely unrealistic about pricing. In terms of it being on auto-pilot, I know for a fact that the...
  4. S

    Acquiring franchise network

    Yup - I would have to put in a non-binding LOI before I could get to look at the franchise agreement, but that's definitely one of the key items I will have to review. From what I understand, each franchisee is doing about $425-600K a year in sales, and most of them (with the exception of one)...
  5. S

    Acquiring franchise network

    The gross revenues are $285K (just under 5% of system-wide sales), and expenses are $210K. I realize the business is vastly overpriced at $850K - the seller is free to ask whatever he wants, so I can't stop him from asking that price. If I put in an offer, it will be at a much more realistic...
  6. S

    Acquiring franchise network

    Hi folks, I have an opportunity to acquire a small franchise network with 11 franchisees. The franchisees provide non-medical home healthcare services (like staffing sitters and nurses for older and disabled people), and there are no franchise locations owned by the network. The owner of the...
  7. S

    Lease to own

    Hi everyone, Long time lurker here, and I'm looking for some feedback on an idea I have on the go. I got a line on a significant number of very reasonably priced, brand-new HP priced laptops (about half price compared to retail) on closeout (totally legit - this wasn't from the back of a...
See more
Top