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i have 250K to invest and open to any kind of bussines. Need NET above 120K

Here is Story ..
I'm Looking for a business with 250 K cash on hand with NET of 150K working full time.(not overtime though)
by looking at various listings, I'm getting a feel that there are better deals in ~500 K range ?
anyone open to Partnership to get bigger and better deal ??
i haven't dived into the Process of diligence etc but i see peoples frustration over inflated numbers.
I'm interested in couple of gas stations in my local area (NJ) and surprised/concerned about the margin of 15c-22c/Gal. Does Anyone has an idea of Approximate pool margin on a Gal of Gas?? i know that southern states has about 5C-10C/gal since i ran a gas station in south 7 yrs ago

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Nov 13, 2016
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Monmouth County, NJ

Hi Ramesh: Below is a "copy" of part of one of my responses to another person. It deals with my frustration in dealing with a few business brokers. So far anything that I thought looked decent and/or sounded decent initially, turned out to be just the opposite.

"Well, I think I am getting screened out because I am not responding quick enough to the brokers I have made contact with. I am beginning to wonder if there is any "business buyer consulting firm" or "buyer business broker" in existance because I am begining to get extremely frustrated in searching thru business for sale listings via brokers I have registered with. They all talk to you and give you a lot of their time on the phone for the first few weeks but if you srcutinize the listings they suggest for you and it seems if you do not file an LOI sooner rather than later, they tend to stop communicating. I've been very seriously looking at listings for the past 6 weeks and I tell you my phone did not stop ringing for the first 2 weeks of that period. But, being that this does not work like Real Estate meaning No co-op on fees, no similar MLS, etc.---everyone has their own listings so a buyer has no choice but to use multiple business brokers and research everyones listings which takes time.

Am I missing something? Here is what I've been doing:

1) going over multiple business broker websites whom I have registered with
2) searching on mulitiple "business for sale" websites for potentional new opportunities. Just today I went over 1500 listings in my State from a new website I found and bookmarked about 35 for further review and possible broker contact.
3) Narrowing down the businesses where the "initial' numbers potrayed by the seller look intriguing.
4) Requesting addresses of those business locations that meet # 3 requirements and then go to view the business(s) on multiple occassions of course after filing NDA's.
5) After reviewing the establishments and patronizing them I decide whether or not to remove the business from my list or continue to view. A LOT get removed because of location issues, store conditions and just common sense that tells you that there is absolutely no way the establishment is doing the numbers that the seller portrayed in the listing. ( THIS is a major issue ).

I do all of this because:

A) I do not want to waste my time and money. But, I have no problem going to various locations.
B) I do not want to waste my accountants time ( my money ) while he conducts diligence on multiple listings.
C) I do not want to waste the brokers time
D) I do not want to waste the sellers time.
E) I do not want to waste my lawyers time ( and again my money )

If I found 24 businesses that interest me from a website and/or broker and the numbers look intriguing, am I supposed to file an LOI on all 24 without going out to view them? One would think not. So the catch 22 that I am finding is being that I am not responding quick enough, it appears that I am being put in that 95 % "buyer window shopping" category."

Sep 16, 2009
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Middlesex County, NJ

Mark : Do you have any Recommendations for me , like Bork es /websites. etc ,
since you are aggressively looking in my Area (NJ) do you come Across any decent listing that you passed and worthy to take a look at ?? can contact you for Advise i might need ?? me @ 201-705-9693 reddy_75@yahoo.com
Thanks

Sep 16, 2009
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Monmouth County, NJ

Ramesh: I will let the more experienced people answer in detail. But, this is one business I was considering but after viewing many responses, it has become the one I think I will avoid. Large volume needed, low pool margins, C Store major Requirement, high leases from major Branded Station Corp.'s etc. , etc., etc... There are currently 166 Gas Station listings on this site for the state of NJ. I don't know about you, but I think thats a lot. Something must be up.

Sep 15, 2009

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