Did I somehow create the impression that I was an internet forum statement away from signing away my life savings? If so, that was not intended. I've been looking at getting into the hospitality business for 5 years now. I've looked and passed on several opportunities, some of which others have proceeded with and seem to be succeeding.
This particular building might not be good. But the town I'm considering has some advantages that I think are somewhat rare. It's on a major thoroughfare and there is no drive through of any kind in the town. It's kind of the last stop an hour before skiing destinations and a major mountain resort area. We have a major chain grocery store which is a reason for people to exit the freeway. Another thing we have is a fairly large retirement community and a small but consistent group of older dudes (I'm a younger sort of honorary member of that group) that hang out in the grocery store sbux everyday. I'm pretty sure I could capture that market.
Yes I'd like to talk myself into this, I won't hide that fact. But at the end of the day I'm pretty chicken when it comes to this kind of stuff. My research is in it's very early stages. And all those things you mention I appreciate and indeed will find them out before I put up any cash.
Musicphan, it sounds like you have some valuable insider knowledge. When you say you are a commercial roaster, I assume that means you sell coffee to coffee shops? What are some characteristics of successful small town coffee shops based on your observations?