A friend of mine wants to buy my quick lube shop and I'm open to it if the money is right. I'm clueless on this subject outside of Google research.
*** These figures are just for example purposes only. I'm not going to disclose my business financials with you hooligans on here ***
Cliffs:
-21 years operational with a large loyal customer base and steady increase in business year over year
- prime location on US-1 with heavy traffic flow. Say it's valued at $400k
- Let's use an average of $200k in annual profit based on being open 50hrs a week. Which could be much higher depending on the amount of workload you're willing to take on. (Hours, days open)
- Inventory property $30k
What would be a reasonable offer to accept for that business?
*** These figures are just for example purposes only. I'm not going to disclose my business financials with you hooligans on here ***
Cliffs:
-21 years operational with a large loyal customer base and steady increase in business year over year
- prime location on US-1 with heavy traffic flow. Say it's valued at $400k
- Let's use an average of $200k in annual profit based on being open 50hrs a week. Which could be much higher depending on the amount of workload you're willing to take on. (Hours, days open)
- Inventory property $30k
What would be a reasonable offer to accept for that business?
