*GOT $15,000?*

Given how the financial math on this works out, this is a FANTASTIC opportunity for someone who:
* Has 15k in savings, or socked away in their 401k.
* Wants to stop working for their money, and start having their money work for them. glances at +Lillith Sullivan

Primer on Expected Value – http://foreverjobless.com/ev-millionaires-math/

A quick look at the EV on this:
Let's estimate/presume:
* There's a 50% chance that the restaurant is in trouble, Christopher is dumping it, and you'll lose all $15,000 in the next 36 months.
* That means that there's a 50% chance that Christopher is selling for personal reasons, and the restaurant is stable or profitable, and the owner will be able to pay the staff, and him/herself to run the place. I presume that the new owner will be able to pay him/herself $10,000/year salary for the work it'll take to do "owner stuff" that you can't/won't leave to the fabulously qualified person you hire to manage the day to day business – like Payroll and Taxes.

50% x -$15,000 = -$7500
50% x +20,000 = +$10,000
2 year EV: +$2500

It's a good opportunity, and initial signs say that if you have $15,000 in savings (or can pull it from your 401k), and are (or could be) within ~200 miles of Downieville, you should get in touch with Christopher, the current owner, and do some further Due Diligence.

On the surface this looks like a fairly inexpensive way to get your money working for you.

Reshared post from +Brian Vo

Honestly, I am slightly tempted.

4 thoughts on “*GOT $15,000?*”

  1. I'd almost be willing to pull out a loan for something like that…and I've got some of the restaurant experience. Only problem being that the commute would be absolutely horrid.

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