RE: is this restaurant opportunity an opportunity?
before an honest opinion could be made, more info would be required.
i guess if youare looking for a push..the hey, go for it!
but many things you should consider first!...like....
how many on the payroll? what is weekly payroll and food cost and general overhead. add this, add your payment starting in march, and then look at the 'now' weekly sales. that will give you a goal of how much you gotta improve in just 2 short months. on thing, you cant raise the prices, no matter how bad the food cost since you already exclaimed poeple think its already too high. alot of factors are at play here. you dont have a budget for advertising, so how are you gonna reach people to tell them you have taken over?
then.....all this considered, you havent even factored in your on income needs. perhaps, you can chop labor and take on a position or two and make personal income that way.
but the most worrysome fact so far, is the low sales. you could possibly make it if you had only one employee, but with a full staff, you would need much more sales to pay their salaries and profit a few dollars for yourself. i would think seriously about that town close by, and try to get some fixed catering gigs for extra revenue. many possibilities, btu it sure wont be easy. didnt mean to ramble, but these are all the things i would be thinking if it were me..
but on the other hand, the property and building should be worth the total cost, right? i mean you could always find someone else to buy, if it didnt work out....