quesiton on buying business of convenience store

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bhootnath
Member since: Mar 11

Posts: 969
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Post ID: #PID

Posted on: 30-04-13 12:18:10

Quote:
Originally posted by meitsme

I haven't added tax on above income. Even without paying tax, it doesn't look like good ROI. Also, I am sure there will be some more expenses as you mentioned.

One more posssiblity:
If you get $25 short in register at the end of the day, it cost loss of $9125 at the end of year.

There is only one possiblity of running business. Profit margin may be more than assumed in above case of subway business. Instead of 47%, owner may be making 60% on sale after royalti. [Above example of convenience store is not good business. At least he should have daily sale of $3500 with same expenses for considering a good business. ]

I know this is old post, but just wondering if you took any action on this one? If you did how is it going?

meitsme
Member since: Feb 06

Posts: 476
Location:
Post ID: #PID

Posted on: 30-04-13 14:55:19

No. I didn't take any action and there is no plan for it.

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