Open Question: Can we afford to buy a business?

My economise and I are intellection most purchase an existing playing but hit no idea what we would realistically be healthy to afford. And before you suggest feat to see the slope manager, I'm meet hunting for whatever generalized counselling (for warning if you're getting a mortgage a beatific programme utilised to be 3 x azygos salary or 2.5 x render salary). I appreciate it isn't as simple as that for businesses, but was hoping someone could meet provide us whatever pointers. We are hunting for a diminutive hotel/ restaurant/ restaurant with owners accommodation, either freehold or leasehold. We would both provide up our current jobs and separate this unitedly with me possibly employed part-time elsewhere if required, but for the purposes of this warning the exclusive income would be from the business. We hit £50k justness in our concept (which we wouldn't need to springy in as there's owners accommodation) and we also hit roughly £7k savings. We hit no another debts (credit cards, individualized loans etc) and hit a beatific assign rating. If I provide you an warning of a playing we've seen advertised - leasehold £50k, income income £290k (no acquire details), lease £25k pa. Can anyone provide us some generalized pointers as to how we can work out whether something same this is inexpensive for us?Other Articles:

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