I was approached by a good friend who says he is getting a great deal to buy a liquor store in San Francisco CA. The store is in a residential neighborhood, bordering between a poor neighborhood and a decent neighborhood. I think the store is in a decent location.
Anyway he is asking me to help him with a down payment for the store. There are a couple other investors as well. The thought of being part owner of the store intrigues me, but I don't know much about running my own business and I don't believe my friend does either.
There is one guy within the group who has experience running a liquor store and he would do most of the leg work. Being a young guy with not a ton of money, I'm not sure if I should go in on this project. The liquor store shows profitability on a monthly basis, we supposedly are getting a great deal, and my friend is really motivated on this.
What do you think?
Should I help buy a liquor store with a friend?
2015-06-03 1:15 am
回答 (6)
2015-06-03 1:36 am
✔ 最佳答案
RUN. AWAY. First off, too many cooks in the kitchen. Second, too much inexperience all around. The one guy with "experience" who "will do most of the leg work" doesn't have a pot to piss in, does he? (why doesn't he start his own liquor store?) I don't know what he's kicking in to the price, but I'm thinking it's mostly his "experience." He is either going to be a control freak or the worst, a control freak/moocher. Unless you want to do some serious work figuring out whether this is worth the investment and be ready to deal with financial loss (even good/great ideas can take years to make a profit), I would step back. Good luck! 
2015-06-03 5:18 am
He better check with the city council about a liquor license or he's dead in the water on this. Only so many licenses are granted, if they don't approve one you can't move forward on this.
2015-06-03 4:39 am
If you know nothing about liquor stores and how they should be operated, forget the idea.
If you can't afford to lose money, do not invest in anything.
If you don't know the people involved in the project to be certain they will contribute to its success, walk away.
If you can't afford to lose money, do not invest in anything.
If you don't know the people involved in the project to be certain they will contribute to its success, walk away.
2015-06-03 2:03 am
The neighborhood stores I see, seem to be able to just support the immigrant family running it, my biggest concern would be how honest the earnings report from the current owner is.
I know of a store having shills buy things to boost the sales stats for a month or 2.
I know of a store having shills buy things to boost the sales stats for a month or 2.
2015-06-03 1:31 am
I don't know much about running a business (would you be an active partner)? Neither does my friend.. there's your answer... Not NO but heck no.
I'm certain that is the perfect way to end your friendship. He will think the business is HIS and the rest of you will think it is part yours and... well, I'm sure you've seen Judge Judy...
I'm certain that is the perfect way to end your friendship. He will think the business is HIS and the rest of you will think it is part yours and... well, I'm sure you've seen Judge Judy...
2015-06-03 1:55 am
Don't do it.Your question does not have a single number in it, and business decisions take math.
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