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Post by gemofthehills on Jun 24, 2022 12:47:06 GMT -6
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Post by Whup Em All on Jun 24, 2022 13:27:35 GMT -6
pleaseletitselltosomeonewhoknowswhattheyredoing...pleaseletitselltosomeonewhoknowswhattheyredoing...pleaseletitselltosomeonewhoknowswhattheyredoing...
Oh, don't mind me. I'm just panicking about where I'll eat next time I visit the Ville...
pleaseletitselltosomeonewhoknowswhattheyredoing...pleaseletitselltosomeonewhoknowswhattheyredoing...pleaseletitselltosomeonewhoknowswhattheyredoing...
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Post by Cleburneslim on Jun 24, 2022 16:46:15 GMT -6
Is that cooter browns?
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Post by Whup Em All on Jun 25, 2022 1:12:27 GMT -6
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Post by JSUSoutherner on Jun 25, 2022 20:15:17 GMT -6
If those numbers are all accurate, how is asking only $525k?
I can barely buy a house up here for $525k and none of them make me $180k a year.
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Post by Cleburneslim on Jun 25, 2022 21:33:42 GMT -6
If those numbers are all accurate, how is asking only $525k? I can barely buy a house up here for $525k and none of them make me $180k a year. You can buy one heck of a house in Jville for that. |
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Post by gemofthehills on Jun 26, 2022 6:06:55 GMT -6
If those numbers are all accurate, how is asking only $525k? I can barely buy a house up here for $525k and none of them make me $180k a year. All according to what "net" is? Prices does seem to be fair. Loopnet normally does have realistic prices were the biz to sell sites will have places listed for 12-20x EBITDA which will not even pay the mortgage payment. Some of these will not be fee sales. Always remember when buying a business, its only worth what it will pay back. If the owner put too much into the building or land, he should be the one taking the loss. |
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Post by Cleburneslim on Jun 26, 2022 6:28:16 GMT -6
My guess is that would be the only problem with cooters is the building is not laid out well nor does it seem to seat a lot of people.
Also, The next owner will have to add a mortgage to the cost of operation. So 180k minus the mortgage payment for 525k.
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Post by gemofthehills on Jun 26, 2022 7:16:02 GMT -6
Hard part will be getting a loan when you dont own the real estate. Equipment/inventory loan for 525K of used equipment and low value inventory will be expensive or unable to get. Lots of blue sky which has no value to the bank.
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Post by JSUSoutherner on Jun 26, 2022 7:55:48 GMT -6
Hard part will be getting a loan when you dont own the real estate. Equipment/inventory loan for 525K of used equipment and low value inventory will be expensive or unable to get. Lots of blue sky which has no value to the bank. Ah. I missed this. I didn't realize it wasnt coming with the land. |
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Post by Cleburneslim on Jun 26, 2022 12:14:46 GMT -6
You’d be better off buying your own property and building. And opening porkys.
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Deleted
Deleted Member
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Post by Deleted on Jun 27, 2022 2:20:08 GMT -6
They're claiming they do $3000+ in sales a day? Doubt.
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Post by pubdaze on Jun 27, 2022 6:12:41 GMT -6
Oh, you mean "Crossroads Bar"?... |
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Post by gemofthehills on Jun 27, 2022 6:26:38 GMT -6
They're claiming they do $3000+ in sales a day? Doubt. Reasonable only 100 @30 per. Mostly do takeout and I spend well over a $100 every time or close to $30 per person. This is no drinks. From the web On the average day, restaurants in the U.S. brought in $1,350 in revenue. The average restaurant processed around 47 transactions daily |
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