I have been offered a five year deal to buy an existing cafe I am currently managing. This August will be my second year as a manager there and just tonight, the ownership asked my wife and I (newlyweds as of 6-12-10) to purchase their investment. They gave us a very sweet deal, knowing we do not have any real capital to our names, as they do not plan on owning the shop forever. WE ARE THRILLED!!!
The plan is this:
We are given 95% control over the business for a year, starting September 1. On that day, a record of the business checking account is made, and over the next year, it is my job to make an increase in savings to use toward purchasing. Basically, any dollar I keep in the account that is over the starting balance is ours to reinvest in purchase. I will still be paid a salary, and in the end, if I can't realize any new capital, then the only loss I experience is the year I worked my ass off to try this proposal out. That I can hang with. Now, my challenge is to identify areas that cause unavoidable waste or lose money. I get full control of the advertising, marketing, and product line, in addition to my full control of scheduling, purchasing and training.
Anyone want to come work for me in the next 4 years?? ;) I think it will be a GREAT TIME!!
Any ideas (I already have a few of my own) of places to look for waste/cost reduction??? Overall, I am SO FREAKING EXCITED!! This is the realization of one of my life's big goals. To own a successful coffee shop with a great customer base and the freedom to make it all the way I want...OH SO wonderful.

thank you: Brandy & Jack Sullivan, Steffen & Nicole Werner

ART

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