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I am looking for some advice on whether to buy this snobiz shaved ice company thats for sale? |
its an established place, thats has a little hut/building and a deck on a busy road in a large shopping center. i have been many time and it has been busy. they are askin $80k and that is all the equipment and everything. the lease for the property is for 5 more years and is 4000 dollars a year. i looked at the tax returns from the owners(which you know every one cheats on) and it said the company brought in like$120k. its been running for 10 years and they are just to old to run it. i would be working there full time as well as the owner. it wil be my first business as i am about to graduate college. is this a good investment? i need advice! i think being its established,in a great location, and does alot of business that it would be worth buying. I would however consider adding a new product or two your line if you can, so you can have something to sell durring the colder months when people want something warm.. hot cocoa or warm cookies or brownies (you could perhaps get a deal on pre-mad cookie dough or brownie dough that you could bake in a medium sized toaster oven).. I would also suggest placing ads or coupons in the college your graduating from (once you own the shop) to get more business and another great idea for marketing would be to offer bulk packages with perhaps delivery for large parties (birthdays, weddings, festivals etc.) Sounds good especially for summer. I personally dont think shaved ice machines and a little hut with a deck is worth $80,000 dollars. They made $120,000 in 10 years thats & $12,000 a year. and you have to put your 100% efforts in it. I jsut dont think its worth it for a college graduate to throw himself into such a pothole. Make the right decision and look at it from many perspectives, okay? Sounds legit. If you do buy it, remember to save money because the business is seasonal dependent on the weather. |
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