Biz I meant having staff off the books and the exposure to being sued if they get injured. Your correct the addition of workers raises the...
Muscle motion I meant to say I was not working there apart from building the odd deck and maintenance. So no profit for me. I will build a big...
I have now gone through three cafes financials and this one is by far and away the most honest and straight forward seller. I would say to anyone...
Ace in the Hole, The exposure to workers comp from cash employees is something I have experience with. It is a risk having local teens be waiters...
The business pays for all there personal food and utilities use and rental of the house as the lease is a single commercial lease. This may be...
The net profit is the business profit that has been verified by bas statements and employee tax returns, cost of good receipts and financial...
2 All our food and utilities would be paid by the business. I think this is a great benefit and should be reflected in the asking price....
The wife will replace the departing chef ( mon tue 7pm till 4) At award rate for chef. This figure was deducted from their existing net profits to...
thanks for the feedback. Cu@thetop that valuation looks reasonable. I did make an offer that I would pay whatever the independent valuer decided...
yes current owner works there -the wife is the manager and wishes to stay. The staff are all locals who want to stay. Yes have done the trial and...
Thats exactly what I am thinking. I was quite happy to pay a three or four year net profit multiple. But both accountant and lawyer said I was...
In the middle of due diligence for a cafe trading 7 days. Net profit a steady 75 k to 85 k a year fully staffed. Both accountant and lawyer have...
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