Originally Posted by
blackSS01
I have some questions from some of the people here own businesses. While on vacation I ran across a business thats for sale that I could run and could make a lot of money off of it. Here is some info without giving up too much info:
Turn key operation, everything comes with it to run it.
Price is $350,000.00 to own it.
Building alone was appraised this year at $345,000.00
Equipment plus full stock equals approx $75,000.00
Building comes with 2 apartments so I would have my living taken care of since its a 7 hour move.
Business GROSSES $800,000.00 + a year minus renting the apartments.
Business was established in 1950's
Owners will stay on 2 weeks for training and are retiring in the area for further help.
Owner didn't disclose NET earnings but said it was 6 figures
Owner gave me the bank he banks through, he now fully owns the operation.
Business has a strong hold on the area for what it does.
So thats a good chunk of info, my credit isn't that great but I have credit and only about $3000 in debt. If I had to, I would sell my Camaro/everything I could for help if needed. I'm thinking that regardless I should be able to get the loan off of the information the bank has. They should know what it makes every year. He has banked with them his whole life, would be my first time with the bank. What do all you owners think? Never did this before but would have no problems running it :true: It sounds too good to be true but I have other info that I don't want to disclose.