recos on a good independent carwash consultant in the ny/long island area ?

[1carwash1]

In my opinion, pricing an existing business based on future potential is tantamount to charging more than it is really worth. The inherent problem, is that potential is just a figment of one’s imagination until it is achieved. Studies, opinions, projections, and appraisals, do not guarantee future success or cash-flow. Look around, how many business have gone bankrupt that had projections that indicated a level of performance greater than what was really achieved? In the context of a sale, isn’t it only logical that a seller be financially rewarded based on actual performance achieved?

 

[robert roman]

“Look around, how many business have gone bankrupt that had projections that indicated a level of performance greater than what was really achieved?”

There are many reasons for carwash properties going belly-up.

Mortality, divorce, bad partnership, loss of major employer, etc. can send a wash into a tailspin.

Failure can also result from unscrupulous dealers selling pie-in-sky the investor wants to see.

Failure can result from building in an overcrowded market.

And so forth.

“In the context of a sale, isn’t it only logical that a seller be financially rewarded based on actual performance achieved?”

If you wanted to sell something and you thought it was worth $100 but it only has a fair market value of $50, what would you do?

 

[critkeeper11]

I couldnt agree with you guys more . Thank you .....