Quote:
Originally Posted by DuffMan
Owning a bar would be awesome
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Depends if you like babysitting, it's not all roses.
As for FA's advice needed, be very careful, if it's a neighborhood pub do some scouting, has one or more new pubs opened in the last 2 years close by? go to a close gas station or grocery store and just ask some random people where's a good pub around here? also, this "acquaintance" of yours needs to go on a no-trust list until everything checks out and make sure you have a lawyer triple check the lease, business name and any hidden outstanding dept.
To be completely honest though I don't like smell of this gentleman's reason for selling and I have a hard time believing he's "hands off", successful bar owners are never hands off.
I also have yet to see a pub be more successful after being sold, good pubs are personal with regular clients and it doesn't take much to have them move on. you're better off building and opening a new pub, If you have the $$$ to buy a pub you certainly have $$$ to open one from scratch. It sounds like a lot of work but for half the price of buying it's worth it.