Each of the three stores, along with the homes could be mortgaged, and the cars could be on payments as well. Furniture and electronics stores give ‘no-pay-no-interest’ terms, and EVERYBODY accepts credit cards.

It’s completely possible that his 3 stores easilly cover the cash flow required to make all his monthly payments, and wealth is as much about perception as reality, but it’s also completely possible that he’s under-water or barely scraping by.

Blockbuster had THOUSANDS of stores…until they didn’t.

Most retail business sell for a multiple of roughly 5 times sales. Perhaps somebody can comment on whether or not they think each of his 3 stores is pulling $250,000 in sales a year. (seems possible) Remember that $250,000 in sales does NOT equal $250,000 in profits either. 

I’ll sit back and let somebody else pay the 3.5 million thanks.