hi boomtown
and very early start and very late finish and some times not alot in between.
except the bank manger stoppping by every other day to make sure you are making money.
and every family member that you have not seen for 14 years comming by for a free feed with there 14 friends one for each year.
and then theres the friendly council officer that wants to close you down.
and the local drunk that can only remember you shop.
and after all that you sit down with the local plumber and he tells you he made 10k this week and you have done twice as much and are lucky to get 5k so you get him to buy the beer.
fun
Sounds like you've had a very bad run with, or know someone who has had a very bad run with a restaurant, there GR?
Thanks for the heads up, but you're talking to the king of risk averse here.
Also, we are not looking at running just a "mom and pop" cafe like the type you see for sale in Mornington for $50k every week. It is fully managed, but I will be overseeing that role, and be in complete control of the financial aspects.
This business is long established, very profitable and has had only 3 owners in 78 years.
This, to me, is a sign of stability and long-term profitability. On top of this, the area where it is situated is experiencing growing tourist trade and population growth due to improved transport over the last 10 years, and its position and aspect are unique.
It has a 4 sections; take-away, restaurant, cafe and functions - mostly weddings, and a number of corporate functions. The functions make up 50% of the business, the restaurant about 35%, the cafe about 10% and the take-away about 5%.
While there is risk, I am confident I can manage it.