Should I buy a GAS STATION or restaurant in 2021?
Published: 2021-01-06
Status:
Available
|
Analyzed
Published: 2021-01-06
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Speaker believes it's possible to purchase a restaurant at a low price.
"it's quite possible that i could go in and purchase a restaurant at a relatively low price"
Pending
Speaker believes a restaurant acquisition would likely be financeable.
"I could probably get it financed"
Pending
Speaker knows where to acquire a food truck cheaply, despite lack of personal experience.
"a lot of people have asked me about food trucks i don't know anything about those either but i know where i can get one pretty dang cheap"
Pending
Speaker believes gas stations with convenience stores are relatively easy to finance.
"they're relatively easy to finance"
Pending
A specific gas station/convenience store/restaurant hybrid was making $2.4 million in revenue.
"it was making 2.4 million dollars in between the gas station convenience store and there was a teeny little restaurant"
Pending
The net operating income for the mentioned gas station/convenience store/restaurant was approximately $400,000.
"their net proceeds their net operating income was in the 400 000 range"
Pending
A gas station/convenience store/restaurant was listed for $1.25 million, with a projected payback period of 3-4 years.
"they wanted i think 1.25 million dollars for it really not too bad you make your money back in a three to four year period"
Pending
Speaker has considered buying 20 vending machines and placing them in various locations.
"i've thought about just going out buying 20 vending machines and putting them in locations"
Pending
Speaker believes a car wash could be a good money maker with a good location.
"with a car wash i think it could be a good solid money maker if you had a good location"
Pending
The national capitalization rate (expected return) for self-storage facilities is around 8%.
"the national capitalization rate meaning the return rate that one would expect on a self storage facility is only in the 8 range"
Pending
Two self-storage facilities were priced between $1.5 and $2 million with an 8% return rate.
"they wanted between 1.5 and 2 million dollars and they were only paying back an 8 return rate"
Pending
Speaker plans to either buy a house or an apartment complex in 2021.
"i really plan on doing something of it in 2021 would be either buy a house or an apartment complex"
Pending
Speaker plans to either flip or renovate and rent out a purchased house.
"purchasing it either flipping it or renovating it and renting it"
Pending
Speaker is considering acquiring a small or medium-sized multi-family complex.
"do a small multi-family or a medium-sized multi-family complex"
Pending
Speaker is considering various online business models including dropshipping, FBA, and Shopify e-commerce.
"i could do drop shipping i could do fulfillment by amazon i could do a standard shopify ecommerce site"
Pending
Speaker generated $1.2 to $1.4 million in sales from SEO sites between 2010-2012.
"i ran a wet a chain of search engine optimization sites back in uh 2010 11 and 12 made um we brought in millions in sales like one point probably 1.2 to 1.4 million dollars doing that"
Pending