Opportunity to Buy B&M Biz for $575k

[#nowhere]

+1. Don't be fooled by the "tons of potential" nonsense. <$150,000/yr was every dime that the last owner could figure out how to extract from the biz. If you don't bring some X factor the last owner never dreamed of, expect to drop half a million to make a cool $40k

Hi RHL,

thank you and the others for the valuable advice to this point. What do you exactly mean by saying “drop half a million to make a cool 40k“?


I've another case in front of me. Scalable family Business. Managed sloppy. 1.2 millions revenue, making 350k. It can be repeated and expanded easily. At the moment it is local. Could be national within 5-6 years...
That's the reason for my question.

All the best

#n

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.