Hey all of you!
So, the other day sitting at one of the bars I kind of regular, I found out one of the three owners if dying for a change and looking to sell his third of the bar.
They all own it in equal shares, one quiet owner who does another job and two of them working one week each in the bar.
Frankie, who has no income apart from the bar, is asking a really rather reasonable sum for his share, $10000.
Kaspars, who also owns a blacksmith's workshop, is asking twice that.
Frankie just wants to cover his debts, have a small holiday and enough to live on for 1-2 months, while finding a new job.
He also wants to give the third owner a chance to buy it though, as he's expressed interest in becoming part of running the bar.
So, what would you lot do, try and find the money(which is quite a lot of money here in Latvia, really.) and get in, despite their unwillingness to let me have a look at the books, but that's not so strange considering they know I don't actually have the money atm.
One of the shares is going for a very reasonable price, the other's quiet pricey without knowing exactly how much they make
The bar's been open for nearly 2 years though, and is at the point where it starts being more and more profitable, but it's also quite a small and cozy place and don't always get heaps of business during the winter, which can be quite long.
Any thoughts, inputs, opinions welcomed.
Regards,
Richard
