Unlocking income potential after loss, maximizing Eleanor's legacy.
Eleanor felt lost after her husband's passing. She had $1.8 million in a Traditional IRA and $450,000 in taxable accounts. She desires a more fulfilling use for her capital than just traditional investments. She considered starting a small business (a passion for gourmet dog treats) versus buying a franchise (proven profitability and system) to generate income and keep her engaged. She needed a clear financial comparison to make an informed decision, considering risks, potential returns, and her desired level of involvement.
Using Golden Door Asset's Build vs. Buy Calculator, we analyzed the projected cash flows, startup costs, and ongoing expenses for both scenarios. The calculator revealed that building her dog treat business would require an initial $200,000 investment and projected annual income of $60,000 after three years. Buying a franchise required $350,000 upfront but projected $90,000 annual income within the first year. Factoring in her risk tolerance and desire for quicker income, the calculator highlighted the franchise as the more financially sound option.
The Build vs. Buy Calculator compared initial investments, ongoing costs, projected revenues, and calculated key metrics like ROI and breakeven points for both the 'build' and 'buy' scenarios, providing a clear visual comparison of the financial implications.
$30,000 higher annual income projected with the franchise option, enabling Eleanor to comfortably cover living expenses and contribute to her grandchildren's education fund.
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