If given the chance, would you buy your favorite restaurant?
If the owner of your favorite restaurant or cafe offered to sell you their business, would you buy it?
Assuming I had the money, or could get a loan to do it, I definitely would. I am a business owner, and while I've never seriously considered running a restaurant, if the right opportunity came, then I'd do it. Restaurants are competitive and require a lot of work. If I could successfully run a restaurant, I know I could succeed in any business I wanted.
If a restaurant is one’s favorite it simply reflects individual preference of a particular type of restaurant. I would certainly not buy with intent of running it because it requires a very unique skill set to run a successful restaurant.
The decision to buy a restaurant will depend on many factors such as long term profitability, demand and competition in that area. I would also like to ensure that current cook, management and service staff continue to work under new ownership with same level of performance.
In nutshell, liking a restaurant is one thing where as decision of owning or running one should not be taken just because it is a your favorite.
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