Investing In A Shop
01-06-2004, 12:56 PM
#21
Senior Member
Thread Starter
Join Date: Feb 2002
Location: Frederick MD
Posts: 6,331
Originally Posted by banzaitoyota' date='Jan 6 2004, 12:43 PM
On a positive note:
The most successful people in a community as a group are the small businees owners.
A couple other things to consider:
1. Do you have any businees related education? Your local Tech College can be a big help here.
2. Does a Business Plan exist? are the current owners/ppartners willing to draft one BEFORE you fork over the $$$$$.
3. SCORE: They are very helpful, listen to them. http://www.score.org/
4. What does the BBB have to say about this enterprise? Are they members?
5. You said its LEased PRoperty. How long is the lease for? Any strange clauses in it?
The most successful people in a community as a group are the small businees owners.
A couple other things to consider:
1. Do you have any businees related education? Your local Tech College can be a big help here.
2. Does a Business Plan exist? are the current owners/ppartners willing to draft one BEFORE you fork over the $$$$$.
3. SCORE: They are very helpful, listen to them. http://www.score.org/
4. What does the BBB have to say about this enterprise? Are they members?
5. You said its LEased PRoperty. How long is the lease for? Any strange clauses in it?
Business plan does exsist. I'm searching out a lawyer to look at it with me.
I'll take a look at SCORE
Haven't covered the BBB yet.
I have a copy of the lease, but haven't read it all yet. The lease is for 2 years I think... It's already paid up to August by profit from the previous closed shop..
Thanks John!!
01-06-2004, 01:03 PM
#22
Senior Member
Join Date: Nov 2002
Location: Central KY
Posts: 292
WOW 
It sounds like you have done your homework. It is easier for me to get excited now.
Thats sounds like a really unique and awesome opportunity. The right place at the right time kinda thing.
Oh and you can get us (NP) inside the world of rice. Like a secret agent or something. You can help us understand the mental-state that is rice-a-roni
Thats sounds like a really unique and awesome opportunity. The right place at the right time kinda thing.
Oh and you can get us (NP) inside the world of rice. Like a secret agent or something. You can help us understand the mental-state that is rice-a-roni
01-06-2004, 01:13 PM
#23
Senior Member
Join Date: Dec 2001
Location: Jensen Beach, FL / Sylva, NC
Posts: 2,934
You can scare yourself out of things if you over think them. remember that. Your making the right choices and it sounds like your covering your *** well.
I never made my point before I was in a hurry.
Ask yourself, will you regret not doing this, always looking back and wondering if you should have? It seems like its a dream come true. I am not saying to blindly jump in. Be cautious, but if this is what you really want and you can afford to take a gamble go for it. Just make sure you are enjoying yourself.
I never made my point before I was in a hurry.
Ask yourself, will you regret not doing this, always looking back and wondering if you should have? It seems like its a dream come true. I am not saying to blindly jump in. Be cautious, but if this is what you really want and you can afford to take a gamble go for it. Just make sure you are enjoying yourself.
01-06-2004, 01:21 PM
#24
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Thread Starter
Join Date: Feb 2002
Location: Frederick MD
Posts: 6,331
Originally Posted by Jims5543' date='Jan 6 2004, 01:13 PM
You can scare yourself out of things if you over think them. remember that. Your making the right choices and it sounds like your covering your *** well.
I never made my point before I was in a hurry.
Ask yourself, will you regret not doing this, always looking back and wondering if you should have? It seems like its a dream come true. I am not saying to blindly jump in. Be cautious, but if this is what you really want and you can afford to take a gamble go for it. Just make sure you are enjoying yourself.
I never made my point before I was in a hurry.
Ask yourself, will you regret not doing this, always looking back and wondering if you should have? It seems like its a dream come true. I am not saying to blindly jump in. Be cautious, but if this is what you really want and you can afford to take a gamble go for it. Just make sure you are enjoying yourself.
01-06-2004, 01:52 PM
#25
Senior Member
Join Date: May 2002
Location: California
Posts: 22,465
yeah i think if you dont find any big down sides you should do it.
how is the escape plan setup? can you buy yourself out or what ifyou decide to bail?
if you guys get along that sounds like its a good thing, but you have to be careful about how decisions get made, a little friction now might be a lot worse when theres money involved
how is the escape plan setup? can you buy yourself out or what ifyou decide to bail?
if you guys get along that sounds like its a good thing, but you have to be careful about how decisions get made, a little friction now might be a lot worse when theres money involved
