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Would You Buy This Betting Shop Business? 

Jonathan Jay
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***
JMW
John Andrews
03452 412494
johnandrews.deallawyer@jmw.co.uk
***
Would you buy this betting shop for £345,000?
Looking through businesses for sale on a popular broker site, I saw this listing for a cash betting shop in the Midlands.
The turnover is £3.2 million with a net profit between £100k-250k.
The business was established in 1961 and owned by the present owner since 1993.
The price includes a 5-year lease fully paid up.
The reason for selling is owner retirement and they want £345,000.
Does this look like a good deal to you or not?
So the question is, would you buy it?
Find out what I saw when I analysed this listing.
#businessgrowth #businessacquisition #buyingabusiness

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2 окт 2024

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Комментарии : 12   
@theDealmakers
@theDealmakers 3 месяца назад
Get my business buying toolkit, completely free - bit.ly/4evM37v
@DaveRipley-rn6pt
@DaveRipley-rn6pt 3 месяца назад
I would look in to further. Lease fully paid for 5 years so based on £150k profit thats £750.k less £345 purchase price leaving £400K profit.
@eallen5562
@eallen5562 3 месяца назад
Where did and how did you get the 7 percent?
@luke_eiserman
@luke_eiserman 2 месяца назад
250k net profit / 3.2 million turnover = 7.8% net margins
@juliasommer2364
@juliasommer2364 2 месяца назад
This video's not serious lol, we need to understand the cost structure etc..
@bestofatlconcerts
@bestofatlconcerts 3 месяца назад
I would pass unless there were significant Add Backs.
@MichaelOrchel
@MichaelOrchel 3 месяца назад
No, not enough information
@Westexec
@Westexec 3 месяца назад
Pass. It’s a cash business. The government wants to replace cash with digital currency. Tye business could fall flat on its face
@ftdfijturidtunyjhuif
@ftdfijturidtunyjhuif 3 месяца назад
Woukd it really be that hard to transfer from cash to debit
@GamingWithChubbzTV
@GamingWithChubbzTV 2 месяца назад
@@ftdfijturidtunyjhuif costs money to get cash into bank account
@Hff19927
@Hff19927 3 месяца назад
No
@Cynicruss2
@Cynicruss2 3 месяца назад
No. It’s a dirty business.
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