From Tat to Vino!

[HairyArsedBloke]

Rightio the figures are in. Who wants to invest?

Looks like the existing business does £240000 per annum. It is open for 72.5 hours per week and operates 60% of the time under one member of staff who is probably on 30% more than average wage. The other 40% there are two staff. It is believed that the upside would be another 20%.

The GP is approx 28%.

The property is on the market for £210,000 and is rented out at £18,000. By buying the freehold I do not have to pay the rent. The amount borrowed would be at an average rate of 0.48% above base. The rates payable are £3600 per week.

Assuming business insurance of £1000 per year & bills at £3000 per year, based on myself working 40 hours per week and covering with staff the rest of the time, would I be better off purchasing the freehold, walking to work & working there myself or would I be better off contracting at an average rate of £400 per week for 42 weeks per year and commuting?

Er. your figures are crap.

[MarillionFan]

Er. your figures are crap.

cough. Well spotted on the testers. cough.

Per year and then per day

Cough.

[Zippy]

I'm on the wrong forum.

[MarillionFan]

I'm on the wrong forum.

Possibly.

Answer the following questions

1) Are you an IT Contractor?
2) Do you have a Plan B?

If any of these answers were no, then you are a permie or disguised permie and you should be on www.someoneowesmealiving.com or www.bobcrowsdoleydoleydoleyunionsite.org

[HairyArsedBloke]

Possibly.

Answer the following questions

1) Are you an IT Contractor?
2) Do you have a Plan B?

If any of these answers were no, then you are a permie or disguised permie and you should be on www.someoneowesmealiving.com or www.bobcrowsdoleydoleydoleyunionsite.org

Oh, heck. Sorry.

[gingerjedi]

Girly has been telling me for years above 50 units a week and you are going to eventually hit a problem, I have been drinking 50+ for a couple of decades and I can still run a marathon and hold down a 6 figure salary.

But you still come across as a cantankerous old fart most of the time, it's not all good is it.

[Zippy]

Possibly.

Answer the following questions

1) Are you an IT Contractor?
2) Do you have a Plan B?

If any of these answers were no, then you are a permie or disguised permie and you should be on www.someoneowesmealiving.com or www.bobcrowsdoleydoleydoleyunionsite.org

1) Yes
2) Yes

[Alf W]

So......

You have to remember that a Wine Shop/Off License doesnt just sell booze.

Categories would be

Wine
Spirits
Beer
Ciders
Champagne
Gift Boxes(Spirits/Champers)
Non-Alcoholic Drinks
Carbonated Drinks
Energy Drinks
Fruit Drinks
Mixers
Cigarettes
Cigars
Rolling Tobacco
Matches/Lighters
Confectionary
Crisps
Gift Boxes(Chocs)
& possibly
Ice Cream
Greeting Cards/Gift Wrap
& Teddy bears for those dads who got pissed the night before and shagged a hooker have been kicked out of the house and now buy a toy with their Vodka on the way to their weekly visitation rights.

All sold by Tesco and ASDA/Walmart. Much as I hate these two companies, I wouldn't take them on in a retail sense.

My 'niche market' suggestion is posh kids shoes and achingly edgy kids clothing. That's where most of our non-supermarket spend seems to go.

[AtW]

MF just wants a store that he can drink his sorrow in - a bit hard to do that with tat furniture shop based in Swindow, ever since DimPrawm moved up north the business activity pretty much died down there

[MarillionFan]

All sold by Tesco and ASDA/Walmart. Much as I hate these two companies, I wouldn't take them on in a retail sense.

My 'niche market' suggestion is posh kids shoes and achingly edgy kids clothing. That's where most of our non-supermarket spend seems to go.

We thought that.

Did the model for that a while back. An Independent clothes and shoe business is really difficult. Margin is near 50% but unlike booze the average yearly spend per family is less!