2007-07-30 11:00:13 · 5 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
"Annual Net Income"
2007-07-30 11:03:08 · update #1
you need to know more than just the income figures. how long is the lease? when can the rent go up and by how much? what condion are the pumps in? who owns them? who pays for the maintenance? how old are the gas tanks? when do they next need to be replaced and how much does that cost? how much are your business and liability insurance premiums? what do the EPA regulations cost you ? by the way is the $208,000 before of after taxes? it could be a good investment if you know what you are getting in to.
2007-07-30 11:07:29 · answer #1 · answered by Steve 4 · 1⤊ 0⤋
Did you know that you have to purchase all the gas before you sell it? Can you afford thousands to do that?
You need a good business financial person to review the accounting records of this biz first and also your financial situation b4 doing anything. If the gas station owners are legit they won't mind a professional reviewing their records and probably will have a professional to refer him to.
2007-07-30 18:05:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You would be getting a 36% return on your investment so that is very good compared to other investments you might make.
2007-07-30 18:08:41 · answer #3 · answered by Rich Z 7 · 2⤊ 0⤋
I'd say so but there's other aspects you need to look into.
you'd have to buy the snacks to sell, the drinks, etc etc etc then all the laws.
I wouldn't trust people on yahoo to help with something like this.
2007-07-31 13:23:55 · answer #4 · answered by Music 7 · 0⤊ 0⤋
yes
2007-07-30 19:08:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋