I would be wiling to invest at least $900,000 in buying the property because just with the assessed value of the current assets, the Grandes have found it to be worth $850,000. Me paying $900,000 would cover the costs of the land, buildings, equipment, and inventory, and then I know I will make my money back on the inventory and increase my profits by building onto the property and making more room for sales.
Denver is a moderate- to high-growth region with many plans for new malls, houses, and schools. If I bought this property, with 7 acres I could build onto it to create more stores as well. I know the area would be successful, as the Grande General Store already has its loyal customers, and I would create more customers and generate more revenue by possibly expanding the store, or adding new stores to the area.