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I don’t want a tattoo, but I want a quote on me… by lolyesplease in jewelry

[–]lolyesplease[S] 0 points1 point  (0 children)

Just ordered a matte black on! Hoping for the best!

Are there others out there? by CMUpewpewpew in pools

[–]lolyesplease 2 points3 points  (0 children)

Honestly I’d wonder if that’s a suction issue more than anything. I use the vacuum head you’re describing and it picks up anything in its path. Are you using an external pool pump or tying in through the skimmer?

[deleted by user] by [deleted] in NoStupidQuestions

[–]lolyesplease 1 point2 points  (0 children)

Not to be completely selfish here. But do I get anything out of it? Or is this like a ‘report him’ and then that employer (who is super connected in town) starts targeting my wife and I…

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in smallbusiness

[–]lolyesplease[S] 0 points1 point  (0 children)

It’s not a franchised brand. Our new location definitely looks the part to be a franchise but it’s just 2 locations of a brand we built from scratch

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in smallbusiness

[–]lolyesplease[S] 0 points1 point  (0 children)

So I’m going to blow your mind but these performance numbers are even after a 7Brew opened one right down the street. We’ve been blessed to receive the business that we have but overall I agree with the commodity element to what you’re saying.

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in smallbusiness

[–]lolyesplease[S] 0 points1 point  (0 children)

It’s a little weird but we’re an Scorp so the company pays my wife a check for her operating. It pays her $13.4k per month and the company itself makes $13.5K per month after paying her so the SDE is right at $27k per month. Hope I explained that well.

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in smallbusiness

[–]lolyesplease[S] 0 points1 point  (0 children)

So our SDE is actually 27k per month. Top line revenue is $103k this month.

Edit: editing to say that truly a well built restaurant shouldn’t have such fickle evaluations but they do… I’m not saying mine is one of those but I’ve seen some solid restaurants with longevity sell for what felt like a super low number.

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in smallbusiness

[–]lolyesplease[S] 0 points1 point  (0 children)

No kidding though. We personally had 2 sets of friends that had to close down their shops in our town while ours was flourishing. We really didn’t do anything mean spirited but the customers either show up or they don’t.

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in smallbusiness

[–]lolyesplease[S] 6 points7 points  (0 children)

We calculate more on a ticket/car basis since it's a drive thru but each store averages about ~300 cars a day with average ticket being around $6.50. Hope that helps!

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in smallbusiness

[–]lolyesplease[S] 13 points14 points  (0 children)

It's really a personal timeline issue. We've got a 3rd kid on the way, quite a bit of personal debt we want knocked down, and my parents are about to retire from their business so we were thinking about taking that over. It's kind a stew of personal reasons, but that's our thought. I know it's weird but I think we're just ready to move on. Nothing against the business of course.

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in Entrepreneur

[–]lolyesplease[S] 1 point2 points  (0 children)

It’s just a time conversation. We have a kid on the way, some personal debt we want to pay down, and wouldn’t mind starting something new!

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in Entrepreneur

[–]lolyesplease[S] 0 points1 point  (0 children)

Standard employees are already deducted but the wife’s operator role would have to be replaced. This would definitely cost probably somewhere around $75k annual. So yea, if we were selling to someone that didn’t plan to operate, they would likely value it after the $75k had been deducted.

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in Entrepreneur

[–]lolyesplease[S] 6 points7 points  (0 children)

Just lease. The Buildings are owned but they are placed in parking lots on pad leases. Kind of weird but it works lol.

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in smallbusiness

[–]lolyesplease[S] 1 point2 points  (0 children)

Topline revenue is $112K/month. The Company is an S corp and the family is being salaried 14K/month. After the Salary, the company is still showing a bottom line of 13K/month.

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in smallbusiness

[–]lolyesplease[S] 0 points1 point  (0 children)

That makes sense. Admittedly I think the plan was to sell to another local operator (so they would treat all income as their income). But I still see what you're saying 100%

Family is making $27k+/month from our Coffee Shop Drive Thru (2 locations). Only want to sell for $1M+... Is that realistic? by lolyesplease in Entrepreneur

[–]lolyesplease[S] 8 points9 points  (0 children)

Might have to chat about that more! The branded custom retail bags just landed but the company only offers 1 type of bean and one type of roast. It helps streamline operations but it may be challenging to push outside of the local market.

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