My Wife and I have the opportunity to buy the only Italian Resturaunt located in a small college town, in Middle Georgia.
This place has been in business for 11 years, during which time they've expanded twice. It now occupies three spaces of a four-space strip-center.
The Pros:
Any ideas on where I can find an Angel?
This place has been in business for 11 years, during which time they've expanded twice. It now occupies three spaces of a four-space strip-center.
The Pros:
- My Spouse has Restaraunt Management Experience.
- The business is grossing an average of 10K per week, against expenses averaging around $7600.00. With NO marketing whatsoever.
- The majority of the staff is willing to stay on, including all the back-of-the-house employees.
- There is a lack of competition in this area. Not only is there no other place to get Italian food, there is only 1 other "Sit-down Restaraunt" in town (a Mexican place).
- The lease will run for 3 more years.
- There an no judments/liens against...no pending lawsuits...no monies owed...no deliquent taxes...no big purchases imminent...yadda-yadda.
- The price includes everything, all equipment
- I have no Restaraunt Management Experience...though I have related management/MARKETING skills/experience.
- A heart attack while uninsured (I'm fine now, thanks!) cost me my credit rating...We'll have to find finacing from a "non-traditional source".
Any ideas on where I can find an Angel?
