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Money, Business & Finance Ground >> Buy this restaurant? Advice please!


4/24/12 8:21 AM
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Scott Rotem
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Member Since: 6/2/08
Posts: 2011
 
Hey guys, I was wanting to get this feedback from you on this little place I am thinking of purchasing. Now, I do have a lot of experience in the industry. My family ran a restaurant for years and it was like a second home to me........BUT I have no experience when it comes to making a purchase like this. Here is the link to the website:


www.tastechitown.com

The guy is asking $20K for the business ($10K upfront). The place has been open for a little over a year. Bank statements, tax reports show around $130,000 gross sales. The guy is supposedly bailing because of a divorce (of course). The place has currently been closed for a month. Rent is $1,600 a month.

Not looking to get rich here, just want to pay the bills. I have a little dough I want to put to work and want to give myself the chance to work for ME.

How does this thing look? Any/all feedback GREATLY appreciated!

Thanks guys.
4/26/12 3:44 PM
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mpthief
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do the books show net income?

the menu looks kind of pricey. is that normal pricing for hot dogs?



4/26/12 7:42 PM
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JKING
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Scott what is your email address, I have someone that wants to help.
4/29/12 6:11 PM
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Dysqo
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spend a day watching Kitchen Nightmares...
5/24/13 3:54 AM
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WrestlingSucks
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You better have alot of experience in the industry or your servers and managers will rob you blind and you will fail quickly
1/9/14 8:11 PM
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E55 Pilot
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Well? Did you buy it?
1/17/14 10:17 AM
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Scott Rotem
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Member Since: 6/2/08
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No. lol

I got with my buddy and invested in Title Boxing Club.

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