Home Forums Money matters How much is this store worth?

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  • #1000510
    ykkf
    Member
    • Total posts: 1

    May I please know how much roughly this takeaway store should worth?

    It makes $7000 weekly. It needs 2 ppl to run it during lunch and dinner hours. It opens from 9am-9pm.

    It will make owner operator about 100K per year after all expenses.

    Thanks in advance~

    #1224619
    Pokieslab
    Member
    • Total posts: 1

    Will it be like a shop?

    #1224620
    businesstrade
    Participant
    • Total posts: 210

    More information is required to make a decision on the value of a business.

    #1224621
    JamesMillar
    Participant
    • Total posts: 1,676
    ykkf, post: 271673, member: 120309 wrote:
    May I please know how much roughly this takeaway store should worth?

    It makes $7000 weekly. It needs 2 ppl to run it during lunch and dinner hours. It opens from 9am-9pm.

    It will make owner operator about 100K per year after all expenses.

    Thanks in advance~

    If you are looking at spending (risking) $100k to $200k on this business (estimated) then what is your budget for professional advice to review the business and its value and legal issues?

    Point is that if you are prepared to risk $100k to $200k on the basis of answers from unqualified people on a public internet forum that have been given 5% of the facts – well your business journey is going to be painful (and very short).

    Step back a minute and ask yourself how important $100k to $200k is to you? For most people that is a lot of money – potentially life-changing if you throw it away. De-risk your investment by hiring experts.

    #1224622
    Sheena7
    Member
    • Total posts: 7

    Who says it makes $7000 a week? If it’s the owner then definitely half that and get everything checked professionally . The owner has done that so no reason for you not to, given that you will be the one paying for his embellished numbers.

    I had a friend who bought into something similar, he put the business back up for sale at a much lesser price less than a year later. Go see a professional and send some anonymous customers to the shop to talk to the people working there to get a feel of how things actually are.

    #1224623
    Corey
    Member
    • Total posts: 568

    More information is required, such as location, length of lease, equipment etc.

    Cheers
    Corey

    #1224624
    bb1
    Participant
    • Total posts: 4,472

    Based on the information you have provided a good guess is about $123.45, go see a competent accountant, not a forum which will give you lunatic ideas.

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