Their Boss Is Offering Them The Coffee Shop For $65K. It Feels Like A Sign, But 'If It's Truly So Low-Maintenance, Why Would They Sell?'

After 3 years managing a cozy waffle and java store tucked wrong a downtown nutrient hall, 1 idiosyncratic received a astonishing connection from their boss: bargain the full concern for $65,000.

The boss, who present lone visits erstwhile each fewer months, said the store nary longer fits into their plans. They privation to escaped up currency for different concern they're scaling and judge the worker is the champion idiosyncratic to instrumentality it over.

“Average period is astir $30-35k. Busy months tin get adjacent to $40k,” the worker wrote connected Reddit recently. “[The owner] claims the concern nets astir $3k–$4k successful nett per month.”

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On the surface, paying astir doubly the yearly nett mightiness look similar a bargain, particularly erstwhile the idiosyncratic already runs day-to-day operations. But Redditors raised 1 large reddish flag: “If it’s genuinely truthful low-maintenance, wherefore would they sell?”

Many successful the thread urged caution.

“Every azygous idiosyncratic I cognize who’s bought a concern disconnected their brag has gotten screwed by immoderate monolithic iceberg floating towards the concern that the brag ne'er told the worker about,” 1 idiosyncratic warned.

Others said the lease was the astir important origin to examine. The store operates connected a percentage-of-sales rent exemplary wrong a nutrient hall. If the lease ends soon oregon jumps successful cost, the mathematics could alteration fast. “This each goes up successful fume if the lease ends successful 18 months and marketplace rent is 40% higher,” 1 commenter said.

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Another large concern: the seller admitted to moving idiosyncratic expenses done the business, which could muddy the fiscal picture. “You’ll privation to get the past 2 oregon 3 years of existent taxation returns,” 1 commenter advised. “Do not judge Excel spreadsheets,” different added.

The store doesn't travel with instrumentality ownership since the nutrient hallway rents it out. And there’s nary wide franchise oregon marque worth either, though the existent proprietor did wage for a Starbucks (NASDAQ:SBUX) resale license.

Still, immoderate argued the woody could marque consciousness arsenic a manner business, not a get-rich plan. “Doing what you're already doing with a small much work and a $3,000 a period wage bump… seems similar a triumph to me,” different idiosyncratic added.