A Cautionary Tale of Buying Too Small
Acquiring Minds
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How Did You Get Yourself Into the Real Estate Business?
So you look at this second location, you decide to do it. Do you remember exactly what the revenues were? Yeah, they were doing this was at the end of 2013. And we took over Thanksgiving week and they finished the year at about 175,000 in revenue. In revenue, right? Oh, okay. So and so what were the margins going to be on that? The 10 or 15% that you set? Yeah, you can think between 10 to 20%, right? All right. Okay. But the problem is, you know, we're still looking at take home pay being not enough to pay our bills on. 2014 was a weird year in real estate. My wife
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