Tell me what you guys think about this business that I've been looking into. They are a coffee shop and also roast their own coffee on-site. Here are the numbers I was given:
In business since 1992
1 Full-Time; 10 Part-Time employees
Revenue: $441,675
Cost of Sales: $192,851
Operating...
Is there a formula or standard that exists that gives you an idea of what your profit should be based on sales? For example, if a coffee shop is generating $200,000 in sales per year, is there an assumed amount of profit the business SHOULD be making? Is there a standard rate of return?
Also...
I'd like to know how many of you current businessowners used a business consultant before purchasing your business and whether or not you thought it was worth it. How do I go about finding a reputable business consultant in my area? What is the cost of having a complete evaluation done...
I'm nowhere near the point of having my own coffee business, but I still like to look around and see what's available for sale in my area. I came across a coffee shop in a wonderful area that also is very high in tourism, especially in the summer months. The owner is retiring and is offering...