Is this a good investment. Want out of the corporate world and am looking at Service Station. The station has gas/mart/mechanic/wash major franchisor of gasoline a shell station. Owner is asking around 550k with projected income of 150k per. Good deal?
2007-03-05 05:43:41 · 2 answers · asked by v s 1 in Business & Finance ➔ Careers & Employment
What do you mean Projected???? What is the income now???
What are the expenses now, and how will they be different if you own it instead of him.
Is he paying a mechanic, or is he it?, are you a mechanic, or are you hiring one.,?
Does he hire staff or have his family working.
How much is financing going to cut into your profits?
You have a lot of questions to ask, this is not simple.
2007-03-05 05:55:13 · answer #1 · answered by bob shark 7 · 0⤊ 0⤋
sounds like a good return
2007-03-05 05:48:28 · answer #2 · answered by the_skipper_also 3 · 0⤊ 0⤋