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Coming out of retirement
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2023-09-03 at 1:37 PM UTC
Originally posted by Fox What I don’t get is why is this guy selling the place for less than 3 months gross income? The liquor license alone should be worth at least that. Or did you mean $250,000 per year?
I haven’t read the whole thread. Not doubting the validity, just wondering how tf this would possibly be a good deal for the previous owner.
It's a class 12 license. Which means 40% of your sales must be food. They are $2400. -
2023-09-03 at 1:49 PM UTCIf there is stock for the company I'll invest.
Afterall, why not? Seems like a good business, good location, it's own website (more important now than ever.), the business has multiple streams of revenue (food, alcohol, maybe slots.), and 30% down with a quick payment plan.
I don't know much about restaurants, but that looks good to me. -
2023-09-03 at 2:23 PM UTC
Originally posted by Speedy Parker It's a class 12 license. Which means 40% of your sales must be food. They are $2400.
Oh word I live in a place where liquor licenses are given out by lottery or else grandfathered in so they can easily exceed a million dollars. That’s cool.
Still doesn’t explain how a place allegedly grossing $3,000,000 a year is sold for $650k with only $200k down. What’s the catch did you serve with this guy in ‘nam or some shit and he just gave you a deal or what -
2023-09-03 at 3:03 PM UTCThe sensible answer is it doesn't really bring in $3,000,000 a year.
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2023-09-03 at 3:07 PM UTCI missed Jimmy Buffett 3-dollar margaritas all day yesterday. They probably made 3 million just off that alone.The following users say it would be alright if the author of this post didn't die in a fire!
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2023-09-03 at 3:13 PM UTC:(
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2023-09-03 at 3:41 PM UTC
Originally posted by Fox Oh word I live in a place where liquor licenses are given out by lottery or else grandfathered in so they can easily exceed a million dollars. That’s cool.
Still doesn’t explain how a place allegedly grossing $3,000,000 a year is sold for $650k with only $200k down. What’s the catch did you serve with this guy in ‘nam or some shit and he just gave you a deal or what
Arizona also has a lottery for the class 6 license which allows unlimited liquor sales, no food requirement, and package sales (carry out). The previous owner is 71 years old and still owes $200,000. If you want to know his reason for selling at that price I could ask but I don't care. That was his first offer and I jumped on it. With a staff of 22 and an average weekly food order cost of $50,000 not to mention the liquor costs (alcohol accounts for about 55% of gross sales) there is a lot coming off of the monthly gross. I hope to increase profit margins by decreasing waste, proper portion control, and increasing the efficiency of the staff and reducing the need for 22 people. -
2023-09-03 at 3:42 PM UTC
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2023-09-04 at 4:56 AM UTC
Originally posted by Speedy Parker and increasing the efficiency of the staff and reducing the need for 22 people.
so, in any other words in english,
"reduce the numbers of "americans" employed".
thays it folks, the first thing a "patriot" like sholomo here at bussinessing is to reduce the numbers of "americans" employed and their pension and food security.
our kind and benovelent shlomo parker.The following users say it would be alright if the author of this post didn't die in a fire! -
2023-09-04 at 5:09 AM UTC
Originally posted by vindicktive vinny so, in any other words in english,
"reduce the numbers of "americans" employed".
thays it folks, the first thing a "patriot" like sholomo here at bussinessing is to reduce the numbers of "americans" employed and their pension and food security.
our kind and benovelent shlomo parker.
It's Just business, SUCKA! -
2023-09-04 at 10:12 AM UTC
Originally posted by vindicktive vinny so, in any other words in english,
"reduce the numbers of "americans" employed".
thays it folks, the first thing a "patriot" like sholomo here at bussinessing is to reduce the numbers of "americans" employed and their pension and food security.
our kind and benovelent shlomo parker.
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2023-09-04 at 1:01 PM UTC
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2023-09-04 at 1:46 PM UTC
Originally posted by vindicktive vinny so, in any other words in english,
"reduce the numbers of "americans" employed".
thays it folks, the first thing a "patriot" like sholomo here at bussinessing is to reduce the numbers of "americans" employed and their pension and food security.
our kind and benovelent shlomo parker.
Originally posted by vindicktive vinny this guy sniffs every one of my little posts.
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2023-09-04 at 2 PM UTC
Originally posted by Speedy Parker Back on topic: I ditched Cintas for my kitchen and bar towels at $152 per week and got a locally owened service for 35% less. Fuck corperate America, I'm going to support local family run as much as I can.
this man supports local family run bussinesses .....
Originally posted by Speedy Parker Arizona also has a lottery for the class 6 license which allows unlimited liquor sales, no food requirement, and package sales (carry out). The previous owner is 71 years old and still owes $200,000. If you want to know his reason for selling at that price I could ask but I don't care. That was his first offer and I jumped on it. With a staff of 22 and an average weekly food order cost of $50,000 not to mention the liquor costs (alcohol accounts for about 55% of gross sales) there is a lot coming off of the monthly gross. I hope to increase profit margins by decreasing waste, proper portion control, and increasing the efficiency of the staff and reducing the need for 22 people.
but not his local family man that he meets and talks face to face every day.
folks.
hypo, cracy. -
2023-09-04 at 3:59 PM UTC
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2023-09-04 at 4:01 PM UTC
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2023-09-04 at 4:40 PM UTCpost pix of food plz
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2023-09-04 at 5:09 PM UTC
Originally posted by STER0S post pix of food plz
I have a guy for that.
https://www.facebook.com/HoochsKingmanGrille/ -
2023-09-04 at 5:13 PM UTCYou of all people should know you should never post too much information about your life, Rodent. People can fuck with you very easily.
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2023-09-04 at 7:57 PM UTC
