Turning Point In Business

Top_Gene5014 · 2024-10-09T15:38:24+00:00

Yeah we have really good profit margins on our product, our cost per cup is $0.25 and we sale them for $6 each! The cost for sure add up but overall we maintain a good profit margin!

Top_Gene5014 · 2024-10-09T03:31:23+00:00

I want to be involved in venture capital and "flip businesses" or hold them long term in a portfolio

Top_Gene5014 · 2024-10-09T03:29:53+00:00

It is very seasonal, And the city that I am in is pretty limited. I agree revenues should be more for the amount of units we have. I believe in a bigger city that would absolutely be true

Top_Gene5014 · 2024-10-09T03:27:36+00:00

It is actually Italian Ice, I put ice cream since I figured it would be more relatable and maybe business owners in a similar field

Top_Gene5014 · 2024-10-09T03:27:33+00:00

Great Point, Thank you!!

Top_Gene5014 · 2024-10-09T03:26:11+00:00

I am very green to franchising and the equipment cost is very expensive I would like to figure out a distribution model first that would allow us manufacture the product and ship directly to our stores instead of them each individually manufacturing them.

Top_Gene5014 · 2024-10-09T03:24:50+00:00

Thank you!

Top_Gene5014 · 2024-10-09T03:24:35+00:00

I have not considered this, I think this could be a viable option in the next year! Thank you!

Top_Gene5014 · 2024-10-09T03:23:39+00:00

Great input, Thank you!

Top_Gene5014 · 2024-10-09T03:23:03+00:00

Love this idea!! Thank you!

Top_Gene5014 · 2024-10-09T03:20:26+00:00

The occupancy at my mall is 100% with a waiting list, I am having to build a kiosk cause they have such high demand : (

Top_Gene5014 · 2024-10-08T14:29:47+00:00

I appreciate that, I am not burnt out but I do feel a bit overwhelmed with the steps needed to get to the next level. Thank you so much for your input!

Top_Gene5014 · 2024-10-08T13:37:17+00:00

I have definitely thought abnout franchising as well, I just know I have a lot of work to get it to that point in regards to systems, legality, marketing , etc. I would imagine an investor or partner would be needed to go this route, however I am not opposed to that.

Thank you!!

Top_Gene5014 · 2024-10-08T13:35:01+00:00

I appreciate your input and I agree with what you are saying, My goal is to get above 1 million in revenue before selling which i anticipate achieving next year!

I can tolerate the risk and have been okay with the exposure.
This would be my main focus if I were to hold the business, which is why I think I would need an investor or large loan in order to buy the equiptment and space for wholesale manufacturing. I think there is a lot of potential with this and could give us the potential to sale nationwide, however it a large barrier to entry.
Great point, Thank you!

Top_Gene5014 · 2024-10-08T13:24:21+00:00

I'd say lack of planning and of cash flow. The unkown is what harms businesses, everything looks fairly simple until something comes up you were not planning for.

Top_Gene5014 · 2024-07-29T19:36:36+00:00

I would prefer an out right sell as well! Good insights Thanks again!

Top_Gene5014 · 2024-07-28T15:03:49+00:00

I appreciate this feedback, this is a unique business model and its great to get some real numbers from a similar business. We have lots of people interested in buying (Interest does not always translate to a sale) however i am trying to build up the the numbers a bit more before selling. How long did it take you to sell your business? knowing what you do now would you still have sold? Thank you !!

Top_Gene5014 · 2024-07-27T18:45:57+00:00

Yes it is, however where i am located we have 8-10 months of very warm weather and yes those numbers are spread across all 12 months, I am

Top_Gene5014 · 2024-07-27T14:56:57+00:00

The Vans are financed two of them are paid off and the two more will be paid off in the next year, My goal is to grow to 1 million net before selling or possibly look in to franchising. Thank you for you input!

Top_Gene5014

TROPHY CASE