Serious Question :)

[Snee]

Originally posted by JONNO_CELEBS@19 August 2004 - 22:39
You gotta stay off the Port Bob

Jonno B)

Yeah, them sailors have funny tastes.

[bigboab]

Originally posted by SnnY+19 August 2004 - 20:40--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (SnnY @ 19 August 2004 - 20:40)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-JONNO_CELEBS@19 August 2004 - 22:39
You gotta stay off the Port Bob

Jonno B)

Yeah, them sailors have funny tastes. [/b][/quote]


Here we go with the old Seaman Staines jokes again.

[j2k4]

Jonno-

Has it occurred to you to visit your banker with your seller in tow?

He could vouch for you and the business at the same time.

Don&#39;t laugh; think about it for a moment or six....

[JONNO_CELEBS]

I would but I need to find out if I have any chance, my bank said no period, I apreciated her honesty cos at least I know, I don&#39;t want to start proceedings and business plans etc if it wont make any difference See what I mean ?

Jonno B)

[JONNO_CELEBS]

I got Backing&#33;&#33;&#33;

Now just to look over all the figures and decide if it&#39;s viable or not

I told you, if I want it,........... I get it

Jonno B)

[Snee]

Happy for you, Mr J.

[j2k4]

Originally posted by JONNO_CELEBS@21 August 2004 - 14:37
I got Backing&#33;&#33;&#33;

Now just to look over all the figures and decide if it&#39;s viable or not

I told you, if I want it,........... I get it

Jonno B)

Nice&#33;

Let us know.

[J'Pol]

I am really pleased for you mate.

I really do hope the figures add up and it is a viable business. Make sure you get a decent professional to look at the numbers. It really is worth it in the long run.

Oh and in answer to your earlier.

Turnover is what the business takes in.

Gross Profit is the Turnover minus Cost Of Sales (buying the things you sell).

Net Profit is Gross Profit minus other expenses including, electricity, vehicles, wages etc (including your own drawings).

What you are really interested in is the Net Profit and the Drawings (or personal salary). Turnover and Gross Profit don&#39;t really mean anything to you at this stage.

Bottom line (pardon the pun) is that Drawings are what you take to live on and Net Profit is what you leave in your business. Oh and bear in mind that you will need either a line of credit at the cash and carry, for stock. Or some cash for stocking up. I assume (but you shouldn&#39;t) that the stock in the shop is included in the asking price. If not, make sure it is.

Once again Best of British mate.

[JONNO_CELEBS]

Yes the stock is included 35 grands worth

Had a look at a few figures like turnover etc, also the Lotto turnover and profit is really high, plus the lotto brings so many people in, situated in amoung 5 very large (150+ houses each) estates and is the only lotto place for 1.5 miles

Jonno B)

[JONNO_CELEBS]

Oh I ain&#39;t gonna be doing this for peanuts

Jonno B)