PDA

View Full Version : Do these numbers make sense??


marko
11-02-2007, 12:12 PM
Do these numbers look right I am in contract and i have to make a decision.
I am paying $335,000.00 for the place. Tell me what you think. Thanks!!!!!

Expenses-- Monthly
Rent-- $4,200.00
Taxes-- $400.00
Water-- $2,355.00
Gas Transport/ Electric--$4,782.00
Gas-- $3,916.00
Insurance-- $458.00
Payroll-- $5,511.00
Supplies- $500.00
Maintenance- $700.00
Cable/internet- $130.00
Garbage- $180.00
Phone-- $40.00
Accountant-- $83.33
Additional Payroll- supervisor- $666.00
Total Expenses-- $23,921.33--

Gross -- Weekly --
Washers/Dryers-- $6,364.00--
Wash & Fold -- $771.00 ---
Other Sales-- $125.00 --
Total Gross-- $7,260.00 --
Total Expenses -- $287,085.00
Total Net Gross ---- $89,935.00

CENTEX
11-06-2007, 09:24 PM
What with the finance charges (assuming you're financing) and holding back money for new equipment the deal seems a little tight. If you do not hold back money for equipment and take profits, your equipment could be dead by the time you pay off the debt. Just thinking out loud... good luck

Walter
11-08-2007, 08:37 PM
The answer could hinge heavily on the length & quality of your lease, and age/condition of your equipment.... Can you share this info with us? Also, has water usage been stable (GPD) over the past 18 months?