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Originally Posted by UNDERBYTE
I have seen allot worse as far as finacials go. A few tweaks on expenses (lay off an employee or two/find a cheaper rent etc.) and they are profitable, it looks to me that you could get your cash out if you were aggressive(put some liens on property? )
I think what I am shocked about is the gross sales volumes, when I sold real estate I had occasion to sell a couple of small bussiness. The little corner deli's would gross about a 750k-1.3 mill with net profit 200-400k.
I thought there was more meat to the hobby water cooling market - for all the noise, reviews, discussion etc. you have a slew of mom and pop's, taiwanese small shops all chasing after a pretty small pie
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Cheaper rent and terminating a couple of employees is not going to improve these financials. The problem is much deeper.