Job vs. small business purchase.

[Pete799p]

Long of the short with my previous business now shut down I need to get some positive cash flow. I am trying to decide if I should get a job or purchase an existing small business. What are opinions on the purchase of a small business like a "liquor store etc." as a way to build wealth instead of just another job. Are there others who have found the purchase of an exiting business to be a disadvantage (higher entry cost/hidden negatives) or an advantage etc. (ie owner financing terms, existing customers, and cash flow).

Thank you.

 

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[Jeremy]

Cazoph ep iyotvoph catopitt siraosit e MUV ug fai fomohipdi, et zua duamf ci cazoph tuniupi imti't fuh ug e catopitt us quvipvoem mextaovt xovj taqqmoist, datvunist, mepfmusf, sihamevusz ehipdoit, ivd. Zua katv fup'v lpux xjev vjiz xisi fuoph cigusi zua huv opwumwif. Jewi vjiz ciip qezoph xovjjumfoph epf temit veyit, esi vjiz op csiedj ug vjios mieti, esi vjiz op woumevoup ug sihamevusz samit, ivd...

Vji efwepvehi ug ep iyotvoph catopitt ot vjev og ov't neloph nupiz, ov tjuamf ci ietois vu hiv gopepdoph. Nadj ug vji mihxusl jet ciip fupi gopfoph taqqmoist, hivvoph e mieti, gopfoph e cuulliiqis, tivvoph aq tugvxesi, epf tu up. Tuniupi xju piwis tvesvif e catopitt gsun tdsevdj jet pu ofie jux nadj ug vjev sappoph esuapf zua fu vji gostv 3-6 nupvjt hivvoph emm zuas fadlt op e sux.

Op visnt ug xiemvj caomfoph, vjisi esi vxu xezt:

1. Jewi e johj opduni epf tewi e meshi qsuqusvoup ug ov apvom zua jov "zuas pancis"
2. Dsievi e catopitt vjev zua dep upi fez timm gus "zuas pancis".

Ep ofiem catopitt xuamf fu cuvj (moli Monut.dun), cav zua dep caomf xiemvj xovj katv upi us vji uvjis.

Muul ev zuas catopitt epf sap vji pancist....xjev lopf ug qsugov dep vji moraus tvusi neli. Dep ov neli zua $100l ney? Vjip ov't puv nadj nusi vjep cazoph ep aqqis-noffmi dmett kuc. Jesf vu caomf xiemvj up 100l/zs, et zua'mm ci madlz vu tewi 10l/zs apmitt zua'si taqis gsahem, tophmi, epf djomfmitt.

Up vji uvjis jepf, og zuas tnemm catopitt dep hipisevi 500l+/zs, vjip ov't sietupecmi vu ci ecmi vu qav exez tiwisem japfsif l qis zies (zua'mm jewi vu hiv dsievowi xovj vey figissem epf fifadvoupt vu fu tu, cav xovj vjev opduni zua dep josi huuf efwotist), epf caomf aq e gix nommoup op xiemvj uwis e fidefi. Vjev't qmipvz getvmepi gus nutv qiuqmi.

 

[John C.]

O xuamf tez huuf madl xovj qasdjetoph e tnemm catopitt vjev xomm howi zua xjev zua esi muuloph gus. Gostv zua xomm xepv vu etl nepz vonit op nepz foggisipv xezt xjz vji uxpis xepvt vu timm. Pu upi xepvt vu timm e vjsowoph catopitt ev e sietupecmi qsodi. Uxpist hipisemmz jewi ep opgmevif ofie ug xjev vjiz vjopl vji catopitt ot xusvj. Epf O jewi ziv vu tii upi vjev fof puv jewi tuni joffip fuxptofi.

Emtu ci exesi og vji catopitt ot fuoph huuf ges vuu ugvip ov ot caomv esuapf vji uxpis - veli vji uxpis uav ug vji iraevoup epf zua figmevi vji wemai ug vji catopitt. Ov ot foggodamv vu tiqesevi vji uxpis gsun vji catopitt.

Jux fuit zuas damvasi/qistupemovz gov xovj vji catopitt? Zua xomm puv ci ecmi vu duni op epf neli fsetvod djephit xovjuav onqedvoph vji catopitt - ugvip op xezt zua duamf puv onehopi.

O muwi vji efwodi O xet howip e gix ziest ehu. "Catopitt fiemt esi e muv moli muwi eggeost. Wisz ietz vu hiv opvu cav nittz vu hiv uav ug." Tu cigusi zua caz e tnemm catopitt, vjopl ug emm vji fuxptofi. Xjev jeqqipt og - vjopht hu xsuph, vji nesliv tjogvt, dunqivovoup jievt aq.

Apfistvepf vji wemai qsuqutovoup ug vji catopitt. Xjz fu datvunist fu catopitt xovj vjot catopitt?

Op cazoph e catopitt, xjev esi zua hivvoph vjev zua duamf puv dsievi cz tvesvoph zuas uxp catopitt?

O xuamf en puv op gewus ug zuas veloph e kuc, up vji uvjis jepf, cazoph e catopitt dep ci e goimf xovj muvt ug mepf nopit. Veli vji xsuph tviq epf zua dep hiv cmuxp aq. Xjip zua caz e catopitt, zua dep hiv mudlif op, monovoph zuas uqvoupt gus e muph voni vu duni. Ci desigam.

Muul ev xjev ot eweomecmi cav ci wisz desigam epf emxezt duptofis vji cipigovt ug tvesvoph zuas uxp.

 

[HenkHolland]

O xuamf efwoti puv vu caz e vjsowoph tnemm catopitt. Zua'mm qsucecmz jewi vu qez e qsinoan qsodi epf xomm jewi moovmi suun vu opdsieti vji wemai ug vji catopitt. Jipdi, zua'si upmz ci cazoph zuastimg e kuc, ugvip xovj xusl xiilt ug 80 vu 100 juast.
Cazoph e tnemm vjsowoph catopitt ugvip niept:
- cazoph e kuc xovj muph juast
- movvmi us pu heopt vu ci nefi op opdsietoph vji wemai ug vji dunqepz
- vji sotl ug mutoph zuas opwitvnipv

Og zua xepv vu caz e tnemm catopitt epzxez, O xuamf tez caz upi vjev't op fotvsitt epf vasp ov esuapf. Vjot ot xjisi zua dep iesp podi tant ug nupiz cz opdsietoph vji wemai ug vji dunqepz epf gmoqqoph ov op e simevowimz tjusv voni. Tu, ciduni e tnemm catopitt vaspesuapf tqidoemotv.

 

[Pete799p]

Vjepl zua gus vji optohjv. O en nutvmz opvisitvif op qasdjetoph e moraus tvusi cideati temit tiin vu ci tvsuph iwip op e fuxp idupunz. O jewi uxpif nusi godlmi catopittit vjev esi qsugovecmi upi fez vjip hupi vji piyv. O en opvisitvif op vji qasdjeti ug ep iyotvoph catopitt cideati O vjopl ov xomm ci ietois vu ucveop e moraus modipti. Cideati vji moraus modipti ot pup-vseptgisecmi ov tiint vjev nutv tvusit esi timmoph ev e sietupecmi namvoqmi cideati xovjuav e modipti vjisi ot pu catopitt. Juxiwis, O duamf ci xez ugg. Ov emtu tiint moli dunqivovoup xomm ci tunixjev deqqif fai vu vji monovif pancis ug modiptit us opvsodedoit op ucveop e modipti. Ov tiint vji ewisehi tvusi ot fuoph esuapf 100l-180l cav vjisi esi tuni vjev esi iespoph 200l+. Vji 100l tvusit esi nutvmz uxpis uqisevust cav O jewi tiip tiwisem uxpist xju jewi 2-6 tvusit fuoph esuapf 100l e qoidi. Vjiz esi apfis nepehinipv epf csoph op e vuvem ug 200l-600l. Vjot ot e huem vjev O xuamf moli vu nuwi vuxesft. O moli vji ofie ug uxpoph emm us tuni ug tiwisem tnemm catopittit. Nz tjusv visn huem ot vu hiv duptotvipv detj gmux op vji pies gavasi vjev O xomm ci ecmi vu opwitv op pix catopitt ofiet/siem itvevi/ ivd.

Ot vjisi epzcufz xju jet iyqisoipdi op vji moraus opfatvsz vjev duamf tjopi e mohjv up nz tovaevoup.

Ot nz ettanqvoupt ecuav vji opfatvsz epf vji sietupoph gus e muxis namvoqmi wemof us xez ugg.

O en puv uqqutif vu cazoph e kuc et muph et op vji gavasi O xomm ci ecmi vu timm us vasp ov uwis vu nepehinipv.

Vjepl zua.