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/biz/ - Business & Finance

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24690263 No.24690263[DELETED]  [Reply] [Original]

Just signed an offer to buy a business. Deposit due tomorrow. Fucken nervous.

>> No.24690283

What business?

>> No.24690293

>Just signed an offer to buy a business.
Damn, the jews got you. You really should have run this by us first.

>> No.24690312

>>24690283
cigar store. 10k deposit, and 130k for the store + inventory. Good financials, 2 employees. I got great terms on a line of credit and decided it was time.

>> No.24690323

>>24690263
Cool. How do you find businesses for sale?

>> No.24690332

>>24690263
>Just signed an offer to buy a business.

Smartest guy on /biz/

>> No.24690342

>>24690323
i googled businesses for sale in my city.

>> No.24690359

>>24690312
Do you have experience with cigar stores? I worked in one for a while. Where is it? US?

>> No.24690364

>>24690312
nice, how big is the lounger area? Hope you don't get forced to close. What is your montly cost gonna be?

>> No.24690367
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24690367

>>24690312
>owning your own cigar store.
Based as fuck. You're gonna make it. You have space heaters so people can smoke outside? It's so nice to be warm smoking cigars outside in the winter.

>> No.24690383

>>24690359
No, I'm a mechanical engineer. I'll figure it out.

>> No.24690419

Buying a small business That caters to white men right before the great reset.

Well good luck with that

>> No.24690452

>>24690383
Can i use code RUDY20 to get 20% off at your establishment

>> No.24690475

Buying a business right now is major retarded. The great rest is going to crush all small business owners. Shouldve just bought link with that money

>> No.24690497

>>24690383
fucking based my friend. goodluck

>> No.24690533

>>24690364
monthly costs are ~35k, monthly revenue is ~40k. pulls about 50-60k a year, including a ~60k payroll which is the first thing I'm going to reduce.

>> No.24690534

>>24690475

This is the best time to buy a business you retarded nigger

>> No.24690577

I recommend that you set up an online shop as well and list everything. Pay a couple grand to a reputable web design company and make sure it is on Shopify, the best storefront there is. Don't fuck around on this, make sure you are target local keywords through organic search and paid search. You'll be amazed at what a $500/month ad campaign can do for you if it is done correctly.

>> No.24690589

>>24690533
So there's 2 employees, you don't know anything about the business, and the first thing you're going to do is fire them? Are you sure about this?

>> No.24690602

>>24690475
I'm putting 10k in. line of credit is 2.35% APY. I can pay interest only and invest my profits in LINK or SPY or whatever.

Does the great reset include inflation? because I'm counting on it. I have no other debt at them moment. Why not leverage?

>> No.24690606

>>24690533
>which is the first thing I'm going to reduce.

lol nevermind you're a fucking retard. firing the employees when you don't even have shit down or cutting their pay during a pandemic. what the fuck

>> No.24690608

>>24690533
Aaaaaand he's about to run it into the ground. Great.

>>24690475
What if he runs an oracle related to cigars at his establishment? At the very least he could run an inventory oracle to feed data to the blockchain.

>> No.24690647

>>24690589
I'll keep the manager on for 6 months. She is the bulk of the payroll, the other a part time min wagie.

>> No.24690693

>>24690577
Can I trouble you for some advice? I am going to launch middle of next year, and I would like to take the time to learn about seo / google ads / social media marketing. What are the best resources to self learn? Is tai lopez's program a whole crock of shit? Thank you in advance.

>> No.24690701

>>24690606
If it is some unbearably complicated operation, I'll keep the manager on.

>> No.24690709

>>24690647
>She
I think your business might be short-lived, Anon.

>> No.24690727

>>24690263
Good luck man, takes balls to do this. How did you come to pick cigars?

>> No.24690740

>>24690727
I've been to the store several times to buy snus. It caught my eye when I was browsing listings.

>> No.24690792

>>24690740
Btw, do you mean cigar store as in literal baller cigars, or do you mean a smoke shop / cigarettes and tobacco etc?

>> No.24690852

is weed legal in your state? I'd seriously consider adding a marijuana component

>> No.24690854

>>24690792
Both? It doesn't carry anything ridiculously expensive, but has 5 large humidors with a pretty large selection. As well as specialty cigs, smokeless, accessories etc.

>> No.24690869

>>24690647
KING

>> No.24690890

>>24690383
good luck

>> No.24690976

>>24690854
I see, sounds like a niche offer servicing a particular customer. Sounds like something to be proud of anon, focus on your customer / social aspect and make them feel like Kings, you won't fail. I only ask because here in Ausfailia, smoke shops are closing because of illegal (stronger) tobacco being sold cheap on the black market.

>> No.24690990

>>24690976
Lulz I meant stronger foreign (asian) cigs.

>> No.24691020

>>24690263
If you're the same anon that posted before best of luck hope it works out for you

>> No.24691274

>>24690263

What’s the business, and how did you find it for sale?

>> No.24691475

>>24690263
CHOCOLATE MILKIES GIVE ME CHOCOLATE MILKIES

>> No.24691499

>>24690854
You gonna add vapes to that mix?

>> No.24691551
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24691551

>>24690263
Where's the dick?!