Buying a family business?

That's a great opportunity I'd said, you'd get some entrepreneurship experiment and at worse if you realise it's not for you you'll be able to sell it at a better price a few years from now.

Before retiring she should train you and tell you everything about how to run it. You also need to be ready to devote all your time into this, being a business owner means you are the only one who makes this shit profitable

Buy link and in 3 years just help her short sighted fuck

Buy it, owning a buisness is the way to making it. UNLESS you believe you will be getting famous or placing all your hopes and dreams into stocks/crypto. The most realistic choice is to own a business. You just need to hold out till next year when covid is swept under the rug. Then you will see a boom and your efforts will have been worth it. Good luck, you literally have access to a shortcut.

Working in food service-- really long hours. How is COVID affecting her business?
You need to ask her if you can watch the business for a week and learn how it's run -- in other words decide whether you really want to do it -- before you spend all of your money. (and what I mean is get there from the moment it opens and stay till the door is locked at night - learn how everything works and then make your decision)

Yeah she thankfully said she would coach me and stay around for as long as it takes for me to feel ready to do it by ourselves

I actually used to work for her a little bit so I have a fairly good understanding but thanks for the input I will ask her what her usual day to day looks like and see if it seems doable for us

what is actual profit after taxes/year?

If it makes any money at all, or has growth prospects (and a legit plan to implement for that), then $25k is a steal. Ask for financial statements, look for total costs and total revenues (the difference between them being profit). Ask her what distinguishes her from her competitors and how you can leverage that further. Make sure you get all her industry contacts if you do buy (get introductions as early as possible), and immediately work on ways to market your product better.

She is bringing me the books to look at tomorrow so I don’t know yet I was only going off the fact that they have done well for themselves and I know she wouldn’t try set me up, but I’ll have a good look over everything and possibly send it to someone who would know more

Thanks for your input! It’s English pounds so I hope it’s still a steal?

check profits, profits after taxes, and compare those numbers to total revenue (per year). if numbers are less ~20% it can be considered as 1st yellow flag (and not worth your time, coz there is better return rates, especially if it's sucking majority of your time).
good luck, user

If it's valued at 75K, it's not making money on its own (so you can't just get a manager to run it for you), you're going to have to do a fuck ton of work. Need to find out how much the aunt was giving herself as a salary.

She told me she was giving herself 40k a year and works 35 hour weeks, her only staff is one chef

Thanks bro

OP, if you aren’t trolling then please don’t do this. You can’t “buy” this business when your aunt has the connections and knowledge that made it fucking work in the first place.

You are essentially talking about buying yourself a job, and a not very well paid one at that. This BOOMER is wanting to cash out on you. Buy fucking crypto instead, and next year you will be 100x better off than buying this dead ass “business”.

If you do this you will lose all of your money and feel shameful about it for years

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Other than I’d off myself if I was in England, it’s still a steal.

Is it too late for link? I got told on here to buy when it was $3 am I wasting my time buying it at $12?

Blimey m8 if this is legit then it’s an incredible fucking deal. Usually businesses are priced at 4-8 times yearly earnings. So if she makes £40k a year then that’d be £150k+ worth. The only caveat would be what said - make sure the business can function without her. Eg you already said she has a chef but if she were the chef then that’d be an example where the business couldn’t function without her. If after meeting with her you’re confident you can at least do what she’s doing, then absolutely jump on it.
If you want my help I can consult for you, but my prices are probably higher than you’re wanting to pay for a preliminary meeting.

Stupid manvinder, you better keep that curry sauce business in the damn family. Once you learn everything from your Aunt, you better devote yourself into making it the best curry sauce business on your side of the ganges because I know you can. Eventually when you have your own children you can use them for cheap labor until one of them is ready to be passed the ownership baton unless you choose to sell(stupid idea btw).

BTC, ETH, LINK, and RSR for a moonshot. It’s largely too late to make vast sums from chainlink, but it will still keep going up a bit from here. If RSR succeeds then that will be your chainlink tier buy.

Keep your current job and slowly accumulate more crypto until things start kicking off hard in mid 2021. That would be my advice, so good luck m8.

Imagine the smell...

we was kangs n shiet

Thank you for the advice, any crypto specially?

see if you can buy at a further reduced rate, say 10% off or something ludicrous and keep her on in some sort of advisory position until that percentage has been recouped through sales. she can mentor you during this period while you both still make money.

or see if you can run the restaurant for a reduced price in 5-6 months/1 year. idk man get creative

pajeet find creative way to scam coin, pajeet find creative way to scam senpai