Since you've already decided...
I'm not sure how close to the original owner you are (though it seems you're more than just acquaintances) But I'm wondering if chatting with the owner to see if there's ways to save some money for you and him would be a worthwhile conversation.
If I were taking over such a business, I would see if there was an opportunity to get in on some group bulk purchases on certain foods or share transport costs by sending everything on the same truck. It could be cheaper and a win win for both parties. Maybe offer to pick up his order when you pick up yours and charge him a reasonable fee lower than typical rates if his locations aren't a ridiculous detour from yours/vice versa if possible. Only if it's not a bother to you of course.
Or, if he's looking to take some of the money from the sale to upgrade his other two locations and is replacing things you can use, why not see if you can acquire it for pennies on the dollar/free (Pint glasses, cutlery etc.). Sometimes people offer insane discounts to move certain items at their convenience.
Also research into seeing if there's some quick ways to make some money other than the main business that's relatively hands off (no matter how little, it does stack up). Things like allowing someone to advertise on your premises for $20 a month for a letter sheet advert or something like that could work. Or see if you can bring in repeat traffic by offering $30 a month but offer food or drink incentives to get them to come to your place often?
Maybe if the economy is low and you don't need all the seating, you could clear out a section and rent that space somehow. Vending machines or arcade games or something. No risk to you, you're just collecting rent. Pure risk to whoever is renting that space. Paint nights might be an option as well.
Anyways, good luck on your business venture. I hope it works out.
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