billagirly
New member
- Mar 29, 2005
- 112
- 0
The owner of a local coffee shop (and somewhat of a friend of mine) casually asked me if I was interested in buying his shop. He explained that while the shop is on the track to being profitable maybe by fall, definitely by winter, he just absolutely does not have the money to last that long. It's right by a college, and summers are rough due to the students being elsewhere for summer. I've seen how difficult it is to survive at this location during the warmer months, as it has been open for two or three summers, now.
He told me a dollar amount, and it's fairly large. However, it comes AS IS - equipment, roaster, inventory, decor, roasting lessons, even EMPLOYEES - including the owner and his wife, who makes the pastries - and a barista competition winner - So I am planning on arranging a meeting with him pretty soon to ask more questions. I need some help coming up with the right questions to ask, though, because I've got to present this seemingly astronomical amount to my potential investor (we'll call him "Dad") and be able to back up WHY that amount will be worth it for us in the end... so long as it is, which is what I'm trying to deduce with the questions.
So... long story short (maybe I should have done this in the beginning!), what do you ask the owner of a coffee shop you are interested in buying - aside from the obvious overhead questions?
He told me a dollar amount, and it's fairly large. However, it comes AS IS - equipment, roaster, inventory, decor, roasting lessons, even EMPLOYEES - including the owner and his wife, who makes the pastries - and a barista competition winner - So I am planning on arranging a meeting with him pretty soon to ask more questions. I need some help coming up with the right questions to ask, though, because I've got to present this seemingly astronomical amount to my potential investor (we'll call him "Dad") and be able to back up WHY that amount will be worth it for us in the end... so long as it is, which is what I'm trying to deduce with the questions.
So... long story short (maybe I should have done this in the beginning!), what do you ask the owner of a coffee shop you are interested in buying - aside from the obvious overhead questions?