Originally posted by V960
I have been offered a small mid level restaurant at a reasonable price in samll NC town. Existing business is good but declining. Charlotte keeps getting "closer" and when people want to go out they want to go to the "city".
I'm torn between "I can change the offerings and make it happen" and "they're going to keep going back to the city where they moved from for dinner".
Right now I have a purchase option for no money (actually barter for some of chickens and eggs) but my gut feeling is that I should decline. Leased operation not a land purchase (if it was a land purchase I would buy it no matter what)
Iffy question. Depends upon your quality & service. I live in a rather small town (39817 zip). We have had a recent deluge of new (non-chain) eating establishments opening. Most are dropping like flies. I have noticed a direct proportion with amount of $$$ invested. Those who invest high $$$ are usually the first to go. You have got to be open when your customers need you, also. This past 4th of July, the new fangled high dollar BBQ placed was closed. The one down the street (the one I patronize), which may I add is a combination BBQ eatery, a small (very small...) grocery store, AND a self-service clothes wash, was open and business was booming.