Quote: (02-29-2012 01:13 PM)reaper23 Wrote:Well if we can gather enough interest I would put more effort into it. The deciding factors would be how many people and having funds on tap to pull the trigger. Good deals require fast actions.
my mom and my ex's mom live in st pete. i'm down there a lot. i'm down with this idea and have the cash to invest.
I also understand mike's view that this is not necessarily a real 'investment' per se, in that it has other advantages.
however, If I am going to put $2k into something, I want to know that there is a legitimate chance this hobby could last more than a month or two or six.
Is anyone really willing to take a crack at a pro forma / basic basic basic biz plan?
I too always planned to be in the bar business one day. Right now I own a commercial building that has as a tenant the hottest place in the neighborhood, even featured in the NY Times. That lease expires in 9 years. Thats when I thought I'd get in. but this sounds appealing to me and I like the size of the investment.
So, who is going to put up the time/energy/sweat equity to actually put something on paper?
I don't see a longevity problem. Lets say it loses 1k in August. That would mean 50 bucks each to keep the ball rolling @ 20 partners.
We all have real jobs so who cares.
BTW what do you do in ST Pete while you're here?