Quote:
Originally Posted by Kard63
Asking Price $339,000
Gross Income $365,000
Cash Flow $110,000
Year Established 1994
Employees 8
The Cash flow is the profit the store owner would have had if you add back the store manager's salary. The store manager made 30k last year so the owner really only pocketed 80k. And of course, if he had to payback a loan he made even less.
One thing worth mentioning is that the EXTREMELY favorable lease will be up in 3 years and rent will go up about $10k a year.
|
Most of your time will be on hiring and firing staff, training is a bitch and at that hourly rate. It's like baby sitting.
Not saying dont' do it, but any kind of food business is tough. I know, trust me. Good luck with it either way you go.