Can you wholesale a business with assigned contract

Can you wholesale a business with assigned contract

Member since 2019 · 3 posts · 0 votes

i was wondering if it was possible to wholesale a business through assigning the purchase contract . I have a restaurant that has high revenues and was able to negotiate a price that was half of the revenue . Would it be possible to assign this contract and sell it to another investor such as with real estate wholesaling .

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  • Real Estate Agent · Garden City, NY · Member since 2016 · 3k+ posts · 1k+ votes
    7y

    @Stephen McAuliffe

    Is it turning a profit? Valuations are usually 3 to 5 times net profits, not based on revenue.

    You could, in theory, assign it to someone else, but restaurants are hard to sell. The margins are thin at best...

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