Budcars should be doing about $1m monthly Gross presently at Sacramento alone..Jimmy posted earlier 19-20% net profit margins...48-50% gross profit margins.
Understand Sacramento revenues reportedly being reinvested, but assume they were not..SGMD present 40% ownership would bring in $80k monthly net on $1m revenue..If Jimmy exercises 30% option for $525k, then that added 30% ownership brings in another roughly $60k net monthly..
Invest $525k today, and returns $60k monthly and assuming no additional Budcars revenue growth...So, Sacramento then brings in $140k monthly net to SGMD alone.
Jimmy indicated $150-350k to open each new Budcars hub..In two months, SGMD could open a hub on its own using Jimmy's numbers..
$525k today for another $60k monthly net...and moving forward, SGMD Budcars ownership jumps from 40% to 70%..What am I missing here? Likely, Jimmy not telling us the rest of the SGMD/Budcars agreement story.
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