davidwhatley
New member
- Oct 9, 2007
- 19
- 0
OK, I have an opportunity, (tonuge in cheek) to take over an existing,(sorta) Coffee House
So here is the deal.
New Shop, 150K+ in build out, new top of the line equipt
Owner gets sick and leaves 2 months after opening so the landlord is stuck
Landlord wants someone to take over the lease, 3K month 4 years, also to lease the equipt at 500 month and put up 10K to start.
To me that deal as structured SUCKS. No drive thru, 27K traffic count.
So, what kind of deal do YOU think would be fair?
Here is my thoughts, IU will put up 5K fro staff and inventory for a couple weeks, run the thing, market, etc.
I take no salary for 6 months and any profit retires the 32K he wants for equip. At the end of 6 months we re-evalute aqnd if things look good, I own the equip. Sign a 4 year lease and he owns 10% of the shop.
YOUR ideas?
So here is the deal.
New Shop, 150K+ in build out, new top of the line equipt
Owner gets sick and leaves 2 months after opening so the landlord is stuck
Landlord wants someone to take over the lease, 3K month 4 years, also to lease the equipt at 500 month and put up 10K to start.
To me that deal as structured SUCKS. No drive thru, 27K traffic count.
So, what kind of deal do YOU think would be fair?
Here is my thoughts, IU will put up 5K fro staff and inventory for a couple weeks, run the thing, market, etc.
I take no salary for 6 months and any profit retires the 32K he wants for equip. At the end of 6 months we re-evalute aqnd if things look good, I own the equip. Sign a 4 year lease and he owns 10% of the shop.
YOUR ideas?