All Forum Posts by: Prisha Acquesta

Hi All,

Apologies for hijacking this conversation. However, I need advice from folks on this forum.

I am currently in a dead end but decent paying job that I desperately wish to leave.

I am evaluating a business opportunity where the seller is willing to sell his business (no assets, no real estate, only opportunity cost) for $560K. He is willing to finance 300K over a term of 5 years. I will be paying the remaining 260K as down payment. The business currently nets 150-160K (after all expenses) annually and is estimated to do the same over the next years. The business does NOT really have potential to make significantly more than what it is currently makes.

I am looking for advice from existing business owners on whether or not this is a good opportunity. My dilemmna especially comes from the fact that per current calculation , it will take me 3-4 years to break even (i.e to get my initial investment back and pay off the seller’s loan).

Greatly appreciate any insights , suggestions and guidance you all can share.

Thanks,

Prisha

Hi All

I am looking for suggestions/advice from Gas station owners on how to evaluate a 'Business only' deal both in terms of

(1) What to pay for such a deal (2 time gross profit , 2 time net profit , other evaluations?)

(2) What items to check during due diligence ?

Greatly appreciate all insights.

Thank you,

Prisha

@Ross Hilesheim, I am an RE investor , now looking to buy a gas station. I would like to speak with you to get on insights on what things I should look out for when evaluating a gas station deal. Please let me know if you are open to advising me. Thank you