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Did the person accept that they took the phone off or are you assuming so? If the person did accept, did they give a reason and does that reason sound convincing to you? If person did accept their mistake and provided a valid reason or genuinely apologized, I would lean towards keeping them...

No issues.

Very Merry Christmas!

32 years? wow. Man, how I wish you wrote a book. Would you be able to tell how much your SDE (net income + discretionary add backs) was, what was your asking price and how much did you eventually sell it for? Just trying to get a sense of valuations for businesses…

if you dont mind me asking, how long were you with DP and why did you decide to sell it?

OK. Will do.

Can you please elaborate on this point. What are these dozen variables and their associated importance levels and how would it impact the valuation. Thank you

Another suggestion would be to try what your competitors in the neighborhood are selling their drinks for, by visiting their website. So you sold your Dominos and have now opened an independent shop?

Apparently not. They said they didnt have time to focus on business and get staffing,which is why they started closing sooner. At this point, I am just trying to get them to make their claims, and I will then need verification & proof as part of my contingencies in the offer. I can compare the...

Did you just age 5 years in the last 1 minute?? your earlier post you said you were 52. 🙂

$4000??? That is a manager’s monthly salary… How is that even practical?

You are right about the other factors, although I suspect they haven’t changed much. This business has been decreasing 5% year on year for the last 3 years. The reason I was given for that was that the owners dont spend any time at the store. I also found that they started closing sooner - from...

Very valid points. I also agree with you that it is about how you run the business the defines its success. However since I am in position to pick a business, I want to ensure that I pick the one that will deliver the best results for my efforts. Eg: if I bring in factor of 1000 (hardwork...

I breify thought of opening another franchise there, but the building wont ready for another 2 years. They are still in the initial stages of construction. So that would leave me in a limbo for short term with nothing to do.

To get real value out of loyalty program you should consider using the data for business intelligence and also for winning back customers who have not visited in a while.

I hear you on the vibe. I was there at the shop trying to get a feel for it and counting traffic walking past. One of the reasons I m investigating so much, is cause I need to factor it into the valuation. If I need to do WHOLE bunch of work to make up for the change in the competitive...

Actually it would be 4 months (Sept, Oct, Nov, Dec)… Do you think 4 would give better insight.I am inclined to believe it would, but I am looking for other thoughts too. I agree with you in principle, that at the end of the day it boils down to how I run the business, but there are a few...

@bodegahwy[/USER] @URNUTS @Mondo @d9phoenix So I found out that these restaurants have been operating since Sept 2017. Would a monthly comparison of sales (Sept 2016 vs Sept 2017, Oct 2016 vs Oct 2017…) help us extrapolate the impact these new businesses will have on the sandwich shop, in the...

Thanks for the various perspectives guys. I went to the location today and here is what I found. They have restaurants “on campus” in a building there. The food however is not considered to be good, so students would walk 8 mins to get to the “food block” where other restaurants operate. Today...

Great points! Thank you for contributing. I think 100k less in sales will still keep me in business but as a owner operator making about 80k. I don’t see the seller valuing their asking price commensurate to that though. Also out of curiosity what are some tactics used to increase sales when...