I am a restaurant owner. Restaurant income is not that great unless you own the real estate. I know I am late to the party since McDonald’s figured this out decades ago but if you have ever seen the movie “the founder” the owner puts his house up for collateral to start buying land. Obviously i dont own a home because im in my twenties in 2024 lol
But i want to form a restaurant group company where people can buy equity of the company and those funds can be used for the purchase of restaurant properties that already make profit.
Not too many properties because i wont be able to supervise all of it directly and that is important to me. Just a limited amount with a small group of investors that do not have to lift a finger.
For example, a property priced at $290k, already operating at a profit would require 12 investors at one time payment of $24.16k. Then we could arrange weekly paychecks of like $250-350 to investors for 5-7years or something like that. Its not fast money but if it works and the investors like it I could perfect it.
Is this a terrible idea? I know $24.16k is a lot for one person but the alternative would be to add more investors and create an investment group. Im not sure which would be easier.
EDIT: JUST TO CLARIFY, I ALREADY OWN THE PROFITABLE RESTAURANT. THIS IS A CONVERSATION ABOUT BUYING THE REAL ESTATE.
Submitted May 07, 2024 at 11:15PM by rrrrr987644 https://ift.tt/8pvT9jf
