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re: Is this business a good buy?
Posted on 1/22/24 at 3:36 pm to Sterling Archer
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.
1
Posted on 1/22/24 at 3:43 pm to Churchill
There are professional business valuators (typically a specialized CPA) that do this kind of thing for a living. If you are considering spending $1m I think it’s probably a good investment to get a professional to value it for you.
I could be completely off base but it feels high to me. Unless there’s some clear untapped stream that you have insight to.
ETA: LINK This has gas stations going for 3.4x earnings and 2.75x earnings for Auto Repair & Service Shops. Which is more of what I expected
I could be completely off base but it feels high to me. Unless there’s some clear untapped stream that you have insight to.
ETA: LINK This has gas stations going for 3.4x earnings and 2.75x earnings for Auto Repair & Service Shops. Which is more of what I expected
This post was edited on 1/22/24 at 3:46 pm
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