I live in Denver Colorado, and I like to buy a small grocery store..
The store doesn't have gas pump..
Sales of year: $400,000
Net income of year: about $72,000
Property tax: $11,000
Rent: $3,000
The store owner has to pay property taxes $11,000..
The business market keeps decreasing lately..
How much is the reasonable price for the business??
Thanks..
Inventory: about $20,000
The store doesn't have gas pump..
Sales of year: $400,000
Net income of year: about $72,000
Property tax: $11,000
Rent: $3,000
The store owner has to pay property taxes $11,000..
The business market keeps decreasing lately..
How much is the reasonable price for the business??
Thanks..
Inventory: about $20,000