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Bike shop, accomodation and stock £165k
- Thread starter jimmy5willy
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lewis1641":2khps1nf said:
Selling 44 £500 bikes, but not selling any accessories or doing any repairs? :S
Harryburgundy
Gold Trader
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Annual turnover £22K! Let's be generous and say that's excluding VAT, still only £425 a week!
Still...it's the freehold you would be paying for.
Still...it's the freehold you would be paying for.
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bread n ' butter. Im all for the easy life. sounds like bliss to me. 
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a retro emporium...
Rod_Saetan
Old School Grand Master
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Its not really a viable Business like that is it? You would have to be the only staff member and hope to hell the profit margins are fairly hefty - This line in the sales pitch is all you need to know:
best case scenario it has been going 18 months.
Am oot.
best case scenario it has been going 18 months.
Am oot.
theredchili
Old School Grand Master
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Wonder if he's open to swaps ?
I'm sure the going rate for turquoise Ringle must be close to asking price
I'm sure the going rate for turquoise Ringle must be close to asking price
As your financial advisor I would say walk away...
Gross profit =revenue before overheads.
So 66% is £14250. And thats before utilities, business rates, tax, payroll,
VAT, transport..... I could go on.
If its in a densley populater area why couldn't they make any money,
and how many other bike shops are there in the town ?
I need to get out more.... maybe I should get into bikes !
Gross profit =revenue before overheads.
So 66% is £14250. And thats before utilities, business rates, tax, payroll,
VAT, transport..... I could go on.
If its in a densley populater area why couldn't they make any money,
and how many other bike shops are there in the town ?
I need to get out more.... maybe I should get into bikes !
