Wish me luck, your drinks are on me.

[guids]

Quick update as per request.


I havent done too much honestly, other than read some start-up and biz plan books, I looked at 3 or 4 places with a realtor, got hooked up with a loan officer at USBank, now is kind of the pleminary meet and greets, with various people. the places we looked at were out of our price range/not a godo location. My partner who will be going in on this with me works at a hole in the wall place now, but the location is stellar. there are absentee owners, and he basically runs the place. We have made an "offer" to the owners to take over the lease, and buy it for 50k. Nice part is, my buddy does great there, because he can pack that place with our friends/neighboorhood people, this wont change, and he makes 50k cash per year in tips. What the plan is now at least if we can get the place, is to split the tips for a year, take all profit we make from liquor sales for a year, and use it for a renovation in feb/march of next year, then have a "grand re-opening". If we make this place upscale, we will be banking. Not expensive drink-wise, just nice looking on the interior.