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Posted on 1/22/24 at 3:36 pm to Sterling Archer
I would think I would have to manage it. The owner does not take any salary. I assume he just rat holes the $130. He is willing to lease to own with no interest the building and property at $4,000 per month. I would have to come up with the $250,000 for the brand, equipment, etc. He wants another local to get it.
Posted on 1/22/24 at 3:55 pm to Sterling Archer
quote:
Would you be managing this place? Does the $130k include any salary paid to the owner?
7.6x earnings for an auto service shop seems high to me
Yea i always thought it was 2.5x the earnings on what a business is worth.
Posted on 1/22/24 at 4:27 pm to Sterling Archer
quote:
7.6x earnings for an auto service shop seems high to me
That is way high, but what is the value of the real estate involved in this deal? That is the big question, If it is valued at 6-700K then this makes sense
Was the owner paying himself rent?
This post was edited on 1/22/24 at 5:27 pm
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