[Solution]Small Business Discussion #1 Buying an Existing Business

Small Business   Discussion #1 Buying an Existing Business Please respond to the following: From the e-Activity, discuss the best possible method for determining the…

Small Business
 
Discussion #1
Buying an Existing Business
Please respond to the following:

From the e-Activity, discuss the best possible method for determining the value of the business you selected. Explain your rationale.

Use the Internet to find a business for sale in your community. Uncover as much as you can about the business in question. Be prepared to discuss.

I really don’t have a lot of businesses here in my town for sale. The only thing here are Gas Stations, Land, Restaurants, and Apartment Complex. Out of the 4 categories I picked Apartment Complex. It is a multifamily property. It is a 2 story building on 14 acres. Room for parking. The property currently has the value of a condo conversion to affordable housing. There is a big need for affordable housing and this a quite simple rehab.The property is locally situated. Tenants pay for their own utilities, 14 garden bldg., playground, parking.
Price: $400.000
Building Size: 88,000 sf
# of Units: 108

Description
No. Units
Sq. Ft.

one bed room
16
740

Two bed room
40
740

Three bed room
32
925

Four Bed room
20
1,055

Create a strategy for negotiating the purchase of the business you selected in the e-Activity.

The price that is on the internet is $400,000, but the asking price is $370,000. Nearby properties are priced at $20,597.69 according to website www.loopnet.com/property.  So since there is a lot of rehab that has to be fixed; I will hire a contractor to give me an estimate on the apartments and the grounds. With that estimate I will offer a price of $380,000. I also have a partner that okayed this price with me. We will go to the bank and get a loan.
 
 
 
 
 
 
 
 
NOTES”
If you are looking to start a small business in North Carolina, buying an existing business for sale in Vance County, NC can be one of the best ways to start your own business. Buy an established business for sale with a customer base and earnings. While it is harder for s new and start-up business to generate cash-flow and/or to obtain business loans, an established business with cash flow may be able to obtain additional financing from banks or small business lenders, thereby making it easier to run and grow an existing business. Find some our Vance County, NC business for sale listings below.
 
 
Discussion #2
Feasibility Analyses and Business Plans
Please respond to the following:

Develop an idea for a new business and conduct a feasibility analysis. Please be as creative as you like in the development of your idea (but as careful as you can be in your analysis of that idea).
Analyze the steps involved in crafting a wining business plan and make at least one recommendation for improving the process. Explain your rationale for making the recommendation you did.

Critical Think -Discussion wk 3
Use the Internet to search an example of an enthymeme in the media (e.g., Internet, television, radio, newspapers, etc.). Next, explain the example you searched and identify the implied premise in the enthymeme example.

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