So I was looking through a website that I wont post here that has businesses for sale, and up comes a burger joint that is located in a very rich area of the city, its a franchise but a new one that started in 2015, they say the profit is $160,000/yr and the business is for sale for $130,000
They say rent is $9500/mth and the royalty is 6% of gross sales.
As someone who has never owned a business but as someone who follows stock markets I have a question.
Is this too good to be true?
Is it possible someone is actually selling a business that is making a profit of $160,000/yr for $130,000?
That to me is like a company on the stockmarket making a profit of $160million, and it being taken over for $130million.
that wouldn't happen would it?
there is definitely a catch here right?
COuld someone advise me on someone to call to really check this place out? ive looked at some reviews from customers and they give it a 3/5 on most reviews and the burgers are reasonable priced for a gourmet burger $10 average.
cheers guys.
