- Joined
- Jul 26, 2010
- Messages
- 2,348
- Reaction score
- 197
What do you think of a business that Grosses $475K a year. But the costs (overhead),etc is $250k
What do you think of a business that Grosses $475K a year. But the costs (overhead),etc is $250k
That would depend upon the sector. Are we talking a medical practice?
no
but what if it were. General principles are similar right?
Yes, it's something like you are alluding too.I think you need to compare apples to apples. If I'm looking for a job as a physician in the US I'm going to be thinking MGMA, comparing income to my peers.
Margins differ from sector to sector. If this were a car wash or coffee shop then this is a marvelous margin particularly if all of the management salaries are included in the overhead.
What do you think of a business that Grosses $475K a year. But the costs (overhead),etc is $250k
lol.....perhapsSounds like a Subway restaurant, am I right?
lol.....perhaps
question is who is going to 'run the store'. I'm sure you and your anesthesia buddies wont be tehre all the time. The issue then becomes 'trusting' someone else, and they often time STEAL, especially if they know two docs that are preoccupied own the place....A friend of mine who does anesthesia around NY has been talking about starting a biz of some sort for years.. a chain of Subways came up as an idea. Other ideas, a string of ATMs and laundrymats.
lol.....perhaps
Numbers sound low for a subway
purchase price is $650k.....any business that generates more income than expenses is a good business - especially when the upfront capital to get that business is low and re-captured quickly...
purchase price is $650k.....
yup...keep in mind that 250K number is before taxes. Also, keep in mind that currently it's a 'corporate' store.Is that a single store?
What do you think of a business that Grosses $475K a year. But the costs (overhead),etc is $250k
Numbers sound low for a subway
i looked at purchasing a subway, those numbers are amazing!
Looking into "Massage Envy" franchise myself
75% of pts ask about massage, and I can use a good massage myself
massage can be a money-maker... just as long as you don't expect your current patient population to be driving that business..