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Message
re: Liquor store- good investment?
Posted on 7/6/23 at 9:09 pm to Random MsState Fan
Posted on 7/6/23 at 9:09 pm to Random MsState Fan
quote:
EBITDA: $50,000
So the business breaks even give or take and the owner pays themself 50k? Did you miss a zero? That is a terrible idea given you have to be open 6 days a week and 8-10 hours.
3
Posted on 7/6/23 at 9:23 pm to Rendevoustavern
That’s kind of what I was thinking. You’re only making $50,000 and have all the risk.
I would not want to own any convenience store. Chance of armed robbery is high.
I would not want to own any convenience store. Chance of armed robbery is high.
Posted on 7/6/23 at 9:27 pm to Rendevoustavern
That is what threw me off! They only have 4 employees.
I don't know where in the world the revenue is going?
I don't know where in the world the revenue is going?
Posted on 7/10/23 at 12:53 pm to Rendevoustavern
quote:
So the business breaks even give or take and the owner pays themself 50k? Did you miss a zero? That is a terrible idea given you have to be open 6 days a week and 8-10 hours.
Assuming the owner pays himself a salary, that would not be part of EBITDA. The EBITDA would be after salaries - including the owner's.
How much salary the owner is paying himself, or other family members, plus any other personal expenses ran through the business, is crucial to know to get an accurate picture.
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