Cha-ching: a successful flip

[kfellmy]

My spur of the moment purchase has panned out. Bought a deli with an already established crowd and a good catering clients. Owners wanted out badly so it only cost me 20K. I added some "juice bar" type drinks instead of Coke and crap like that. Hired three English speaking minimum wage Mexicans and the store went from 1400 a week to 2K a week in revenue. 6 weeks of work and I resold the shop for 35K.

Is this where I say booyah.

[gonebroke2]

Nice. What was your net profit after all expenses and broker fees?

[r0eKY]

wow great job Keith, was this a mall stand or a full blow shop?

[Perplexity]

How did you find the place to buy?

How did you find the buyer when you sold it?

[IRuleYouHard]

What all did you do different? Was the juice bar the only improvement or did you do a bunch of extra advertising? Grats on the flip!

[disciple]

Mind telling more in details in what persuaded you making the purchase? Some numbers would be really appreciated for us to learn, thanks.

[Central Limit]

Did you have prior experience running or owning a deli?

[prohornblower]

I don't know much about this stuff, but if it was making 2K/week, wouldn't you hold onto it ?

You could end up making a lot more than 15k, no?

[farang0]

but how much did you lose?

[TLC]

He said 2k/week in <u>revenue</u>. That's before COGS, rent, wages, etc.