When I ask...I want you to know the business is paying for itself, profitable and increasing clientel. The loan is a credit line...for just under 50,000....but with creative payments the loan can obviously be paid off earlier. Typically, again, how long before a business is fully owned and the profits are for pocket or rolled back in business, exclusively? Thank you for any help.
2006-06-11 03:07:09 · 5 answers · asked by cd102205 2 in Business & Finance ➔ Small Business
when I say typically....I don't want to add any variables or direct details...I just want some examples of what other business have experienced. Thank you.
2006-06-11 05:02:00 · update #1
there are just too many variables to be able to say when it wll pay itself off.
2006-06-11 04:54:58 · answer #1 · answered by absynthian 6 · 1⤊ 0⤋
The payback for small business can be as low as one year but usually is between 2 and 3 years. Afriend recently bought 2 motorcycle dealerships - he paid two time net income after tax for each one. Another friend recently bought two dollar stores - he paid 2.5 time net income.
2006-06-11 06:03:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
5= third 12 months of school at Cal State, an above general gpa yet no longer a 4.0. pass to my mom and dad during the weekend. in all hazard in debt determining to purchase college training. 10= A graduate, working for a commercial organisation, or traveling worldwide huge, taking photos. 20= nevertheless working, traveling, married to somebody who's interior the organisation, in love, no longer wealthy no longer undesirable, have a canines and thinking approximately infants.
2016-12-08 08:17:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It depends on the business you choose and the Location.
typically it should be well within 10 years.
2006-06-11 03:39:27 · answer #4 · answered by Anonymous · 0⤊ 0⤋
My account told me 3 yrs is good.
2006-06-11 15:45:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋