I am planning to buy a popeyes chicken restaurant. But I am having secong thoughts..?

  • Thread starter Thread starter zohanR
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zohanR

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Sales in 2007- 747000/Year 60k+ a month
sales in 2008- 626000/Year 50k+ a month
sales in 2009- jan 47k...


I have signed a contract and my loan is almost approved but I am having second thoughts as I am putting in everything I have.. and I don't wana just make a stupid decision and loose everything i Have. My question is do you think that things will get better as far as economy is concerned and also do you think should i go ahead with the deal or wait. And the business price is little over 350k+
Please comment if you really think you know the answer....Your answer can misguide and cost me a lots of money.
Well the bank took its sweet time to approve the loan so..I can cancel the contract and probably will not loose any money...max 5k..which is the deposit..
 
The economy will improve, and fast food usually is the last to sink and the first to rise. This is prolly a good investment

Bottom line is that you signed the contract.

You should be okay though, especially since it's a franchise where the chicken is edible without gastric distress. (My opinion (and colon) only!)
 
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