A very promising opportunity has landed in my lap.
I have been lurking around in the forum for months now and I know I haven't added much value ( mostly because I have felt that I lack experience to add any). This post is being created because an opportunity has come up.
The only laundromat in my small town has come up for sale. After looking at the C.E.N.T.S it all looks almost perfect. Being very strong in control because, I will own the building and not being bound by a lease. The weakest will be scale until I have enough capital to explore business opportunities
Because of it being about 80 to 90 percent passive it will allow me to leave still have my day job so almost all the capital will be reinvested in the business or put towards other ventures
I have researched buying businesses online allot and I do have tons of questions for the seller when I meet this weekend. While Google has given me a lot of information, I realize that there are just way to much to look for and I will be stuck for years trying to read all of it.
My question is what are details that I need to look for?
What kind of hidden this has bitten people in the but?
What easily overlooked "little things" has caused bigger problems later on?
I have been lurking around in the forum for months now and I know I haven't added much value ( mostly because I have felt that I lack experience to add any). This post is being created because an opportunity has come up.
The only laundromat in my small town has come up for sale. After looking at the C.E.N.T.S it all looks almost perfect. Being very strong in control because, I will own the building and not being bound by a lease. The weakest will be scale until I have enough capital to explore business opportunities
Because of it being about 80 to 90 percent passive it will allow me to leave still have my day job so almost all the capital will be reinvested in the business or put towards other ventures
I have researched buying businesses online allot and I do have tons of questions for the seller when I meet this weekend. While Google has given me a lot of information, I realize that there are just way to much to look for and I will be stuck for years trying to read all of it.
My question is what are details that I need to look for?
What kind of hidden this has bitten people in the but?
What easily overlooked "little things" has caused bigger problems later on?
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