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There is something called a trading statement which is part of the vendor’s statement or contract of sale the owner or agent should supply you with a trading statement if you ask them the statement will show you lots of dollar figures like gross income, net profit, rent, COG’s and how many weeks in a year they operate you can then get the cog’s for that year and divide it by how many weeks they operate which will give you a weekly cog’s amount then by using the weekly takings you can convert it in to percentage or just use yearly figures. What is wastage, stored for a period or sold straight away?! Mmm lots of research and number crunching you could ask the owner for the day or weekly cash register printouts and work from there.


Danny Maletin