The following list is broken down as follows:
Many other items are important, but this is meant to be an outline of the major items that need to be covered.
If you are purchasing a restaurant, bar or club business you need to have adequate money on hand as indicated below before you move forward with the acquisition. Let’s assume for illustrative purposes you will be purchasing a business for $150,000 which includes an alcohol license.
I have found over the years that the biggest obstacle in getting a deal done is the landlord. The landlord either makes the sale and/or lease of the business possible or prevents the transaction from moving forward. In recent years after the great recession and the booming economy in many parts of California landlords have become greedier. They want top rent for their space whether it makes economic sense or not for a food and/or beverage tenant.