I have the opportunity to buy a business as a sole trader that currently has turnover of approx £50K and net profit of approx £43K.
Its not up for sale yet but it will be soon. How much is a reasonable price to pay.
The business is in rented premises so it is just the business for sale.
How much should a viable business sell for?
There is no easy answer to your question, particularly as we have so little information about the business and what it does. Often a business may change hands for the value of one years turnover however this is certainly not a hard and fast rule. The final answer relies on profitability, payback time and ultimately what you (or someone else) is willing to pay for it. Be very careful that you know what you are getting into before parting with your money. You should employ a solicitor to handle the sale.
Reply:There is no magic formula to sell all businesses on I am afraid.
Depending on the sector there may be some tenuously agreed multiples (of, say, EBITDA) but even these can vary wildly from case to case. Just because you turnover £50k doesn't mean that the purchasor will do the same with it.
YA will not help you value a business for sale. An accountant will.
Reply:I usually start by
calculating 10 years discounted cash flow
plus the current net book value.
Then I start playing with the numbers,
taking out goodwill,
looking at my projection assumptions, etc.
It really is both a science and an art.
laser teeth cleaning
Sunday, August 22, 2010
Does anyone know how i can start my own nail salon business.?
I would really like to own my own business and in the town where i live there is only 1 nail shop in the downtown area and there are about 4 nearby high schools. I think this would we a great opportunity for a business like this. Any advice would be appreciated.
Does anyone know how i can start my own nail salon business.?
Hi. Sounds like a good market oppertunity. Find out what rent and utilities are for commerical space. Then factor in a "salary" for you or the nail tech. Then set aside cash for furniture and supplies, permits and fees for professionals like lawyers, insurance, and accoutnant. Multiply the monthly costs by 12. Expect to spend a year or more before you have enough business to break even and begin to make money so if you don't have that $ ammt. in savings you may want to look into small business loans. To start out you may want to rent booths so you can build traffic and spread the risk and investment around instead of you paying EVERYTHING while the word gets out. Take an ad out in the HighSchool Newspapers (just call them) and offer a small discout if they show their school ID. That'll get you the school business. Thats the stuff right off the top of my head.
If you want more great FREE business advice, especially on start-up questions, go to http://www.score.org and find your local chapter. They are a SBA affiliated nonprofit volunteer group that offers FREE business consulting. You can sit 1:1 with a volunteer consultant with experience and they can give you great advice. Thanks!
Reply:You may want to contact the small business association.
Does anyone know how i can start my own nail salon business.?
Hi. Sounds like a good market oppertunity. Find out what rent and utilities are for commerical space. Then factor in a "salary" for you or the nail tech. Then set aside cash for furniture and supplies, permits and fees for professionals like lawyers, insurance, and accoutnant. Multiply the monthly costs by 12. Expect to spend a year or more before you have enough business to break even and begin to make money so if you don't have that $ ammt. in savings you may want to look into small business loans. To start out you may want to rent booths so you can build traffic and spread the risk and investment around instead of you paying EVERYTHING while the word gets out. Take an ad out in the HighSchool Newspapers (just call them) and offer a small discout if they show their school ID. That'll get you the school business. Thats the stuff right off the top of my head.
If you want more great FREE business advice, especially on start-up questions, go to http://www.score.org and find your local chapter. They are a SBA affiliated nonprofit volunteer group that offers FREE business consulting. You can sit 1:1 with a volunteer consultant with experience and they can give you great advice. Thanks!
Reply:You may want to contact the small business association.
Jamaica-- Real Estate and Business Opportunities?
I will be headed to Jamaica in January for a week (Ochos Rios) and was wondering what kind of business opportunities or real estate opportunities exist in that area that I might be interested in checking out.
If there are any, with whom should I get in contact to get more information? What kind of hoops am I going to have to jump through in Jamaica to start/buy a business or buy real estate?
Thanks.
Jamaica-- Real Estate and Business Opportunities?
Insight into real estate investing in Jamaica
IN THE current environment of relatively low money market interest rates, rising property values and tepid stock market returns, real estate investing continues to be very attractive.
General Manager of FirstCaribbean Building Society, Lenworth Tracey, explains the benefits of real estate.
"There are real estate investors who want short-term returns and could consider new developments. In this arrangement you buy pre-construction (before building is completed) and then resell when the development is completed to earn significant returns.
"However, for someone who is planning for retirement, the investment objective would be long-term. This investor would consider a more established property where they can get rental income and a more modest capital appreciation.
"And once the property has adequate equity, you can access that money to buy another property, start a business or fund education for themselves or their children."
However, investing in real estate is not as easy as it may seem.
First of all there is the cost of entry. Realtor Joyce McEchron of McEchron %26amp; Clarke explains that the mid-range price for investment property would be around $8 million to $14 million. "In this market, that price would buy either a two-bedroom apartment or a two-bedroom townhouse."
However, this can be financed and Mr. Tracey explained that second-time buyer could access a mortgage at 15 per cent, or use a home equity loan at 18 per cent.
LOCATION
Next, is the location. The experts say that this is one of the biggest risks in real estate investing. If you buy in the wrong location, you may not be able to resell or have to cut your price to create demand.
Mrs. McEchron adds, "Investors should consider the Kingston 6 and 8 areas where they can command good U.S. dollar rental."
And if the thought of collecting U.S. dollars is your idea of landlording heaven, Janet Phillips of Keyland Real Estate cautions that you have to provide a hotel-like atmosphere for these discerning tenants.
"Tenants who pay U.S. dollars usually come to Jamaica with only their suitcases. And so, as the landlord, you have to provide every single thing. They want all fixtures, 24-hour manned security, furniture, air conditioning, washing machine and dryer, forks, napkins, dishware, swimming pool anything they would find in a hotel."
However, for investors with a more modest budget and expectations, Mrs. Phillips advises that the rental market in the $15,000 to $25,000 per month bracket is underserved. "There is such strong demand that these properties almost rent by word of mouth."
And regardless of your investment objective, there is the cost to own. REIdepot.com says, "Unlike investing in the stock or bond market, real estate has ongoing costs. There is monthly maintenance insurance, repairs, property taxes and property management fees if you are an absentee landlord."
Note that local property managers charge, on average, 17.5 per cent plus general consumption tax of the monthly rental income.
http://www.realtorsjamaica.com/ - I found this site is very useful when I wanted to start a real estate business.. I wasn't cut out for it sadly too competitive.. but they help you advertise and give you information on loans and loan agencies. etc
Well when you come to the island look up a good lawyer. Thats the best advice I can give
Reply:Depending on what you want to get into. Franchises abound such as JuciPatties
Portland is scheduled for a big boom as investor and millionaire Michael Lee Chin is helping to redevelop
http://www.jamaicagleaner.com/gleaner/20...
Reply:check the classified ads and check this site www.cariblot.com. hope this help you
If there are any, with whom should I get in contact to get more information? What kind of hoops am I going to have to jump through in Jamaica to start/buy a business or buy real estate?
Thanks.
Jamaica-- Real Estate and Business Opportunities?
Insight into real estate investing in Jamaica
IN THE current environment of relatively low money market interest rates, rising property values and tepid stock market returns, real estate investing continues to be very attractive.
General Manager of FirstCaribbean Building Society, Lenworth Tracey, explains the benefits of real estate.
"There are real estate investors who want short-term returns and could consider new developments. In this arrangement you buy pre-construction (before building is completed) and then resell when the development is completed to earn significant returns.
"However, for someone who is planning for retirement, the investment objective would be long-term. This investor would consider a more established property where they can get rental income and a more modest capital appreciation.
"And once the property has adequate equity, you can access that money to buy another property, start a business or fund education for themselves or their children."
However, investing in real estate is not as easy as it may seem.
First of all there is the cost of entry. Realtor Joyce McEchron of McEchron %26amp; Clarke explains that the mid-range price for investment property would be around $8 million to $14 million. "In this market, that price would buy either a two-bedroom apartment or a two-bedroom townhouse."
However, this can be financed and Mr. Tracey explained that second-time buyer could access a mortgage at 15 per cent, or use a home equity loan at 18 per cent.
LOCATION
Next, is the location. The experts say that this is one of the biggest risks in real estate investing. If you buy in the wrong location, you may not be able to resell or have to cut your price to create demand.
Mrs. McEchron adds, "Investors should consider the Kingston 6 and 8 areas where they can command good U.S. dollar rental."
And if the thought of collecting U.S. dollars is your idea of landlording heaven, Janet Phillips of Keyland Real Estate cautions that you have to provide a hotel-like atmosphere for these discerning tenants.
"Tenants who pay U.S. dollars usually come to Jamaica with only their suitcases. And so, as the landlord, you have to provide every single thing. They want all fixtures, 24-hour manned security, furniture, air conditioning, washing machine and dryer, forks, napkins, dishware, swimming pool anything they would find in a hotel."
However, for investors with a more modest budget and expectations, Mrs. Phillips advises that the rental market in the $15,000 to $25,000 per month bracket is underserved. "There is such strong demand that these properties almost rent by word of mouth."
And regardless of your investment objective, there is the cost to own. REIdepot.com says, "Unlike investing in the stock or bond market, real estate has ongoing costs. There is monthly maintenance insurance, repairs, property taxes and property management fees if you are an absentee landlord."
Note that local property managers charge, on average, 17.5 per cent plus general consumption tax of the monthly rental income.
http://www.realtorsjamaica.com/ - I found this site is very useful when I wanted to start a real estate business.. I wasn't cut out for it sadly too competitive.. but they help you advertise and give you information on loans and loan agencies. etc
Well when you come to the island look up a good lawyer. Thats the best advice I can give
Reply:Depending on what you want to get into. Franchises abound such as JuciPatties
Portland is scheduled for a big boom as investor and millionaire Michael Lee Chin is helping to redevelop
http://www.jamaicagleaner.com/gleaner/20...
Reply:check the classified ads and check this site www.cariblot.com. hope this help you
I want to sell my small tax prep business located in WNY about 45 min s. of Buffalo. Where should I list it?
650 clients, 450 regularly active. Most middle income wage earners, some small businesses, farms, professionals. Potential for payroll and bookkeeping. Excellent opportunity for existing business to expand.
I want to sell my small tax prep business located in WNY about 45 min s. of Buffalo. Where should I list it?
don't forget that YOU are basically that business - It's a personal relationship with you that keeps them coming back - the customers might not like who you sell to so, it may be very hard to value the business properly. you might want to bring in a partner for one year to ease the transition, so the customers get to know the new owner
Reply:Craig's list. In the local newspaper.
Reply:Dr. Deth gave a good answer.
Basically you are selling a job. A business can run itself if good systems are put in place. For more info read "The E-Myth"
Reply:Try craigslist.
I want to sell my small tax prep business located in WNY about 45 min s. of Buffalo. Where should I list it?
don't forget that YOU are basically that business - It's a personal relationship with you that keeps them coming back - the customers might not like who you sell to so, it may be very hard to value the business properly. you might want to bring in a partner for one year to ease the transition, so the customers get to know the new owner
Reply:Craig's list. In the local newspaper.
Reply:Dr. Deth gave a good answer.
Basically you are selling a job. A business can run itself if good systems are put in place. For more info read "The E-Myth"
Reply:Try craigslist.
What do you think about this "Make Money on Internet" Opportunity ?
I was searching for a home business opportunity and came across a website which was offering a free membership. I signed up with them and they have given me this website http://MyNetMarketingCenter.com/r/sub/ra...
for free as well. Could somebody tell me is this the rite opportunity?
What do you think about this "Make Money on Internet" Opportunity ?
If you are looking for a work from home opportunity... I work with an Inc 500 Company that has been in business for over 20 years... and has experienced growth in ALL 20 of those years. They have excellent published credentials... and even send all of those working the business a monthly magazine which tells you exactly what the average income for each representative is. The compensation plan is very easy to understand... and there is no stocking of products to sell. It is the first program that I have been involved with that has actually paid me every month AND my upline is very supportive and doesn't charge me for training. The company mission statement is: "Enhancing the lives of those we touch by helping others to reach their goals. The basic principle is revenue sharing.. the company believes in rewarding those of us who help them to get the word out about their products. PLUS... they offer a complete money back guarantee on both the products and the business plan. What I like best about the opportunity is that NO-ONE can possibly get hurt. If you would like more information about how I suppliment my income from home...contact me through my Yahoo 360 page. No promises of get rich quick... just accurate information on how, if you actually work the business you can build a legitimate business for yourself from home. Work for yourself...NOT by yourself.
Reply:Because so many 'work at home' opportunities are scams, frauds, or designed to make money - for the plan operators, not you - it's a good idea that before you invest time and especially money on any home-based business offers, you educate yourself on the different types of home work based schemes there are out there, and what to look for - and what to look out for - before making any commitment
The Federal Trade Commission offers several advisories about home-based business opportunities and network marketing (MLM) schemes. Here are a few:
"Work at home Schemes" http://www.ftc.gov/bcp/conline/pubs/inve...
'Net Based Business Opportunities: Are Some Flop-portunities?
http://www.ftc.gov/bcp/conline/pubs/onli...
"The Bottom Line on Multilevel Marketing Plans" http://www.ftc.gov/bcp/conline/pubs/aler...
The Federal Trade Commission (FTC) consumer alert entitled “Take This Scheme and Stuff It: Avoiding Envelope-Stuffing Rip-Offs.” %26lt;%26gt;http://www.ftc.gov/bcp/conline/pubs/aler...
Reply:it could be but try mmjones.scent-team.com
Reply:I have another if you are interested, you can compare them. Write me at jstmother at yahoo.
Consider the following:
1) does it cost you anything to join?
2) Can you talk to people who have been successful in the business? They should be able to provide you with names, and possibly phone numbers, of people in your area.
3) How long has the company been in business?
4) Are they manufacturing the product, or reselling somebody else's product?
5) What do you have to do to be paid?
6) Are you required to accept products every month in order to make money from selling them? Meaning, you will have to buy something each month, whether you sell it or not.
7) What has to happen for you to make a lot of money, and how long is it expected to take to do that?
Reply:remember if it looks to good to be true it probably isn't
Reply:it is a bunch of BS
Reply:isud
medicine
for free as well. Could somebody tell me is this the rite opportunity?
What do you think about this "Make Money on Internet" Opportunity ?
If you are looking for a work from home opportunity... I work with an Inc 500 Company that has been in business for over 20 years... and has experienced growth in ALL 20 of those years. They have excellent published credentials... and even send all of those working the business a monthly magazine which tells you exactly what the average income for each representative is. The compensation plan is very easy to understand... and there is no stocking of products to sell. It is the first program that I have been involved with that has actually paid me every month AND my upline is very supportive and doesn't charge me for training. The company mission statement is: "Enhancing the lives of those we touch by helping others to reach their goals. The basic principle is revenue sharing.. the company believes in rewarding those of us who help them to get the word out about their products. PLUS... they offer a complete money back guarantee on both the products and the business plan. What I like best about the opportunity is that NO-ONE can possibly get hurt. If you would like more information about how I suppliment my income from home...contact me through my Yahoo 360 page. No promises of get rich quick... just accurate information on how, if you actually work the business you can build a legitimate business for yourself from home. Work for yourself...NOT by yourself.
Reply:Because so many 'work at home' opportunities are scams, frauds, or designed to make money - for the plan operators, not you - it's a good idea that before you invest time and especially money on any home-based business offers, you educate yourself on the different types of home work based schemes there are out there, and what to look for - and what to look out for - before making any commitment
The Federal Trade Commission offers several advisories about home-based business opportunities and network marketing (MLM) schemes. Here are a few:
"Work at home Schemes" http://www.ftc.gov/bcp/conline/pubs/inve...
'Net Based Business Opportunities: Are Some Flop-portunities?
http://www.ftc.gov/bcp/conline/pubs/onli...
"The Bottom Line on Multilevel Marketing Plans" http://www.ftc.gov/bcp/conline/pubs/aler...
The Federal Trade Commission (FTC) consumer alert entitled “Take This Scheme and Stuff It: Avoiding Envelope-Stuffing Rip-Offs.” %26lt;%26gt;http://www.ftc.gov/bcp/conline/pubs/aler...
Reply:it could be but try mmjones.scent-team.com
Reply:I have another if you are interested, you can compare them. Write me at jstmother at yahoo.
Consider the following:
1) does it cost you anything to join?
2) Can you talk to people who have been successful in the business? They should be able to provide you with names, and possibly phone numbers, of people in your area.
3) How long has the company been in business?
4) Are they manufacturing the product, or reselling somebody else's product?
5) What do you have to do to be paid?
6) Are you required to accept products every month in order to make money from selling them? Meaning, you will have to buy something each month, whether you sell it or not.
7) What has to happen for you to make a lot of money, and how long is it expected to take to do that?
Reply:remember if it looks to good to be true it probably isn't
Reply:it is a bunch of BS
Reply:isud
medicine
If you had the opportunity to open your own business?
what kind of business would it be? ANY kind of business. )
If you had the opportunity to open your own business?
Antiquarian bookstore
Reply:A little Country side B+B
Reply:I want my own bar.
Reply:a bookstore...I love the feeling, the smells, everything...
Reply:Pastry house! i always wanted to open one but with a different twist
Reply:A Poetry Lounge and Cafe.
Reply:As long as you are going to be my partner, I don't mind starting any busines.
I said business partner... not life partner, so don't mistake.
I am a confident / brilliant / businessman, I will be successful in any kind of business.
Now the ball is in your court... you decide and tell me what business.
I find real estate business interesting. I would love to construct dream houses and sell it to people and make their dreams come true.
With warm regards
Gentleman
Reply:I retired 9 1/2 years ago, and a friend of over 60 years, and I are starting up an Import Business, bringing in hand made products from Mexico, into the USA.
The majority of the products will be targeted to us ol' fogies.
We do not expect to make a huge business, but we both need to do something with our time, and a collective 55-60 years of working, living, and traveling Mexico.
Although we are both "Gringo's" we speak Spanish, and I was involved in such a business in the past.
Reply:I'd be a pimp! haha!
Nah, a business thar restores classic cars and also does mods.
Reply:yoga studio w/ essential oils, candles etc
Reply:A cake decorating business! I love cake decorating! I'd also want to make candy!
Reply:I've already done this several times. God has blessed me. My favorite has had to be two art gallaries I had. I sold them when I moved here. They were a hands on business, something I usually don't do. They were'nt that when I started them, but I fell in love. They were interesting and exciting and the artisits were vibrant and and exclusive group. I'd like to try that again, but not here. I'm in small town USA, no need for that here. I am in the process of starting up an Olive Garden here.
Reply:Hair and beauty saloon. Love to make people look beautiful.
If you had the opportunity to open your own business?
Antiquarian bookstore
Reply:A little Country side B+B
Reply:I want my own bar.
Reply:a bookstore...I love the feeling, the smells, everything...
Reply:Pastry house! i always wanted to open one but with a different twist
Reply:A Poetry Lounge and Cafe.
Reply:As long as you are going to be my partner, I don't mind starting any busines.
I said business partner... not life partner, so don't mistake.
I am a confident / brilliant / businessman, I will be successful in any kind of business.
Now the ball is in your court... you decide and tell me what business.
I find real estate business interesting. I would love to construct dream houses and sell it to people and make their dreams come true.
With warm regards
Gentleman
Reply:I retired 9 1/2 years ago, and a friend of over 60 years, and I are starting up an Import Business, bringing in hand made products from Mexico, into the USA.
The majority of the products will be targeted to us ol' fogies.
We do not expect to make a huge business, but we both need to do something with our time, and a collective 55-60 years of working, living, and traveling Mexico.
Although we are both "Gringo's" we speak Spanish, and I was involved in such a business in the past.
Reply:I'd be a pimp! haha!
Nah, a business thar restores classic cars and also does mods.
Reply:yoga studio w/ essential oils, candles etc
Reply:A cake decorating business! I love cake decorating! I'd also want to make candy!
Reply:I've already done this several times. God has blessed me. My favorite has had to be two art gallaries I had. I sold them when I moved here. They were a hands on business, something I usually don't do. They were'nt that when I started them, but I fell in love. They were interesting and exciting and the artisits were vibrant and and exclusive group. I'd like to try that again, but not here. I'm in small town USA, no need for that here. I am in the process of starting up an Olive Garden here.
Reply:Hair and beauty saloon. Love to make people look beautiful.
Please supply free advertising site(s) for my genuine wealth promotion business?
I have a genuine wealth promotion business opportunity and would like to promote it further.
Any free advertisement site supplied would be very useful.
Thanks
Please supply free advertising site(s) for my genuine wealth promotion business?
join any banner exchange programme. or write lot of blogs on various free websites for your bussiness so that it tops in search engines when one searches for keywords related to your bussiness.
Reply:I have so many free advertising sites I couldnt list,all of them here is a few that I know gets responses
Do safelists,
forums,
classifieds.
Maybe youd like to join a downline?
http://www.zion5.com/?a=smart
I think it will be huge as far as building you a downline.
Any free advertisement site supplied would be very useful.
Thanks
Please supply free advertising site(s) for my genuine wealth promotion business?
join any banner exchange programme. or write lot of blogs on various free websites for your bussiness so that it tops in search engines when one searches for keywords related to your bussiness.
Reply:I have so many free advertising sites I couldnt list,all of them here is a few that I know gets responses
Do safelists,
forums,
classifieds.
Maybe youd like to join a downline?
http://www.zion5.com/?a=smart
I think it will be huge as far as building you a downline.
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