I am looking at diversifying into other business. I really wasn't interested in owning a bar until someone posted a link to some bars for sale.
According to what was posted, we are talking about a 20% return which was shocking to me. I wouldn't know for sure until I saw the books but I could see it being even more since it is a huge cash business. Who knows what happened off the books.
This was a neighborhood bar, which seemed more appealing since I can see not running into the same problems of what is in fashion now won't be in fashion a year down the road. I would welcome any ideas on this as well.
Anyone know if those types of returns is accurate?
According to what was posted, we are talking about a 20% return which was shocking to me. I wouldn't know for sure until I saw the books but I could see it being even more since it is a huge cash business. Who knows what happened off the books.
This was a neighborhood bar, which seemed more appealing since I can see not running into the same problems of what is in fashion now won't be in fashion a year down the road. I would welcome any ideas on this as well.
Anyone know if those types of returns is accurate?