- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Is this business a good buy?
Posted on 1/23/24 at 10:05 am to Weekend Warrior79
Posted on 1/23/24 at 10:05 am to Weekend Warrior79
Thanks
0
Posted on 1/23/24 at 11:25 am to Churchill
quote:
The business is a well established fuel, tire, and minor repair shop. It comes with property, building, tanks, equipment, prepaid insurance, cash on hand, etc. It is clearing $130,000 a year
Others have asked you pertinent questions already. The ask is high based on net. I'll go ahead and ask, but I assume the $130k is net - after taxes too?
I'd also like to know what the gross is yearly. $130k net on $500k would be great, but $130k on $1M, not so much.
quote:
Everything is paid off as this business has been around for 50 plus years. Everything is in good shape.
As others have said, the a majority of the value of the business could be the real estate involved.
Posted on 1/23/24 at 2:21 pm to TigerScratch
The income is $80,500 from 230,000 gallons of fuel sold, and 45% of $500,000 in shop parts and labor. Hard expenses are $177,000. I'm leaning towards no.
Posted on 1/23/24 at 2:49 pm to Churchill
quote:
I'm leaning towards no.
Posted on 1/23/24 at 3:59 pm to TigerScratch
If it’s old you reasonably will need to do some upgrades. You need to get the real estate value, I’m not sure how you would want to include that but whatever you pay as said paying a $1 mil note with only $130,000 in income won’t be easy. So it really depends on how much value you can bring to the place. If the real estate is worth $500k or more and you can increase sales by 2x it would certainly start looking more lucrative.
Posted on 1/23/24 at 9:48 pm to diat150
quote:Flag went up for me when I saw this.
130 isnt gonna go far when you throw in a note on a 1 mil loan.
Posted on 1/24/24 at 7:28 am to Churchill
Has he been paying himself rent ?
If no, run away what he has is a piece of real estate with a service station that needs to be demolished and cleaned up per DEQ standards (going to be expensive) and repurposed
If he is only making 130 without paying rent it can not survive, if he has been paying rent and that amount would cover your note , then it is worth investigating further
If no, run away what he has is a piece of real estate with a service station that needs to be demolished and cleaned up per DEQ standards (going to be expensive) and repurposed
If he is only making 130 without paying rent it can not survive, if he has been paying rent and that amount would cover your note , then it is worth investigating further
Posted on 1/24/24 at 2:45 pm to Churchill
Unless the dirt under the property is worth a ton the answer is no with 80K coming off fuel this is way too expensive and risky. I have m and a background.
Walk away. Better businesses to be in.
Walk away. Better businesses to be in.
Posted on 7/21/26 at 3:35 pm to Churchill
I knew those numbers of 130k profit for a one-million-dollar price tag didn't sound right at all.
When I wanted to buy a car wash in Louisiana two years ago, the owner swore he was making pure profit with zero effort.
So I refused to go on blind trust and reached out to Bedrock QoE for professional help.
The guys delivered a complete Quality of Earnings report and exposed hidden debts along with personal expenses buried in the business books.
That was how I realized the business was worth only half of the asking price. Do not sign anything until someone audits those books thoroughly, or you will just buy yourself an extremely expensive job.
When I wanted to buy a car wash in Louisiana two years ago, the owner swore he was making pure profit with zero effort.
So I refused to go on blind trust and reached out to Bedrock QoE for professional help.
The guys delivered a complete Quality of Earnings report and exposed hidden debts along with personal expenses buried in the business books.
That was how I realized the business was worth only half of the asking price. Do not sign anything until someone audits those books thoroughly, or you will just buy yourself an extremely expensive job.
This post was edited on 7/23/26 at 5:38 am
Posted on 7/21/26 at 3:55 pm to tigerpawl
quote:
Flag went up for me when I saw this.
yup. he wants way too much.
Posted on 7/21/26 at 7:28 pm to Churchill
quote:
clearing $130,000 a year
Does this mean straight profit after everything? Seems low
Posted on 7/21/26 at 8:56 pm to HailToTheChiz
Check the dates
Posted on 7/22/26 at 7:17 am to Penn
Damn. I've been had
Posted on 7/22/26 at 7:21 am to HailToTheChiz
old thread some bot bumped. OP is long gone.
Posted on 7/23/26 at 1:24 am to Churchill
my gut tells me he is getting paid something prior to that 130k number, which would only make sense....but without knowing the property location and subsequent value, this is a very hard question to answer
Posted on 7/25/26 at 10:27 am to tigahgurl
quote:
So I refused to go on blind trust and reached out to Bedrock QoE for professional help.
Thanks for the business idea. Just duplicated it. This will be an easy money maker for me.
Posted on 7/25/26 at 10:37 am to Churchill
Trade your capital to earn more time, more capital and / or grow (future capital or future time).
Otherwise, you may just be creating yourself a job with that business. Sometimes is a risky way to create a job.
The profit is payment for your labor (plus you get added worry, risk, and debt (if any)). I would just go get another job.
Otherwise, you may just be creating yourself a job with that business. Sometimes is a risky way to create a job.
The profit is payment for your labor (plus you get added worry, risk, and debt (if any)). I would just go get another job.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News