Any person who is selling will bump up his figures.. so u should consider that while making the decision

If u cant finance 100K on ur own then its best to stay out of business.

For a business 100K is a small amount of money , with the word business comes uncertainty and u will probably need additional 100k cash in hand to overcome uncertainty..

If there is 40% margin then it is $6000 profit a month minus expenses $5000, net profit in a month $1000 plus rent 1000 =$2000 per month from an investment of 109,900 plus your X hours a day x Y days a week.

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2 assumptions :

1)Blue peafowl loves to to prove that ILOVENA is wrong
2) BP is not an accountant.

That said, why would you want to advise someone about acquiring a business, unless you know the pros and cons of one? For example would you with a layman's knowledge, perform surgery on someone?

Sometimes the best thing to do is provide information that you know, but let the person seeking information, talk to a professional.

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Originally posted by WEST-IS-THE-BEST

2 assumptions :

1)Blue peafowl loves to to prove that ILOVENA is wrong
2) BP is not an accountant.

That said, why would you want to advise someone about acquiring a business, unless you know the pros and cons of one? For example would you with a layman's knowledge, perform surgery on someone?

Sometimes the best thing to do is provide information that you know, but let the person seeking information, talk to a professional.

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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

thanks blue peafowl, I appreciate all input.

thanks to one and all for their suggestions.

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The best way to find yourself is to lose yourself in the service of others.”
Mahatma Gandhi

Hi Gopal,

Dont want to sound negative , but consider the following

1> 70% of all small business close in the 1st year..
2> Gift stores are the worst form of business u can get into.. better bets are take out food places, 24hr convenience stores,grocery in that order.
3> Having seen from ur posts that u have regrets coming to canada, this move will just cement u here.. basically taking away all options of returning. Selling small business is very difficult unless it is in a high foot traffic area..

Quote:

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Originally posted by gopalpai

thanks blue peafowl, I appreciate all input.

thanks to one and all for their suggestions.

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