Looking into buying a bar, any advice?

A group of friends and I are looking into buying and running a bar. We've found a bar for sale for 160K, and we think between us we have enough credit for a loan for it. What kind of credit would we actually need? How big of a loan would we want? What should I know about the location and building? I haven't seen it yet so I can't tell you much about it. We also know some people with bartending experience, and in our group we have a little experience with business and computer stuff, but I'm sure there is stuff we don't know, and more importantly, stuff that we don't know that we don't know. What are some things we should know and look into?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s