How long until a business becomes profitable?

+1 vote
asked Oct 19, 2017 in Other-Finance by Talash (640 points)
How long until a business becomes profitable?

How many years does take for an offline type business such as a convenience store to become profitable?

I'm thinking of trying to get a loan to buy a local convenience store but I'm wondering how long should I have to wait for the business to actually become profitable?

1 Answer

0 votes
answered Oct 19, 2017 by Mechanic21 (29,150 points)
It depends on the location your business is in and how many customers you have.

If you're in a real busy location it can take you 2 years to become profitable and if in a less trafficked area your business could take as long as 10 years to see a good profit from your offline business.

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