Recent content by EBITDA

  1. E

    First Business Sale

    hmm OK then. Looks like I will be needing some real legal advice. Thanks for the help everybody....
  2. E

    First Business Sale

    Thanks for your reply cjd. The thing is, it is actually a ltd company. It's only cloud based eCommerce store so there is no software to withhold, only logins. Any other advice would be welcome, especially if somebody has taken part in a similar transaction or sold a very small business like...
  3. E

    First Business Sale

    Hi all, I am just in the process of selling my first business. It's a very small online store that I made a few months ago, so it's only being sold for a little bit of money (approx 14k). Two questions: 1. The buyer does not have enough cash, so we have agreed for him to pay half up front...
  4. E

    Looking for a mentor bricks & mortar leisure

    Yep, £500 to pay good looking people to walk around town and give out flyers for the place. I am build a website and powerful online marketing campaign myself for free, it was the backbone of my last business. I have discussed with the head of planning for council about what I would like to...
  5. E

    Looking for a mentor bricks & mortar leisure

    Broadband is only £60 p/m and will also host the phone line using VOIP. I use do this for my current business at a huge expense of £4.99 a month. Interesting about the elec and gas - can't be too much I imagine. Floor will just be cheap plain concrete, tiles are expensive and not the style...
  6. E

    Looking for a mentor bricks & mortar leisure

    Interesting options that I have not thought of or consulted people about. To be honest this is one stage beyond where I am at the moment, I am still trying to verify viability of my business plan so I only need ballpark figures. Thank you very much for the help though, if/when this project moves...
  7. E

    Looking for a mentor bricks & mortar leisure

    superdooper, Thanks for getting back to me and looking at the costs. I would assuming I raise exactly £50k, I would actually have more like £12 in working capital, I'm not really sure why I included that tbh. Also regarding insurance, I have pulled a figure out of the sky of £1,200 p/a...
  8. E

    Looking for a mentor bricks & mortar leisure

    Thanks for the replies. I am aware that that margins in this area have come under pressure in recent years, however in the location I am interested in, there is not really any competition, just a difficult to access Costa and a few small dirty sandwich shops. I have accounted for the costs the...
  9. E

    Looking for a mentor bricks & mortar leisure

    Hi NineteenPounds, Thanks for your reply. Perhaps 50k is too low, although I am actually budgetting more for the fitting aiming for 10-15k. A lot of the work will be done by myself with my father who won't provide any finance but is a very handy man and will act as a free consultant for the...
  10. E

    Looking for a mentor bricks & mortar leisure

    Hello, I am hoping to find a mentor, or even a few mentors that would be willing to help me with a new project I am about to start on. There appears to be many experienced folk around here so somebody to give a little guidance and feedback on ideas would be ideal. About me • I am 23...
See more
Top Bottom
Community
Articles
Menu