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    If you decide to lease, read the lease agreement...

    If you decide to lease, read the lease agreement carefully. Many don't permit pre payment and automatically renew unless proper notice is given. Depending on local tax you may be subject to sales tax...
  2. Sounds like you could benefit from a basic...

    Sounds like you could benefit from a basic accounting course.
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    Take the branch job--learn the business end of...

    Take the branch job--learn the business end of it. Invest with a cheap online broker. Then after a couple of years go out on your own. Be careful if the owner asks you to sign a non-compete agreement.
  4. Yes it doesn't really matter where your...

    Yes it doesn't really matter where your ingredients come from as long as the quality is good. I know the owner of a very successful local restaurant who sends employees to Wal Mart when stuff runs...
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    There are many ways to structure a deal like this...

    There are many ways to structure a deal like this to make it successful. But I agree with the general comment that the seller shouldn't retain control. Either he retires or he doesn't. You could...
  6. I did SBA lending for 20+ years and lent to and...

    I did SBA lending for 20+ years and lent to and liquidated a lot of restaurants. We didn't do anything unless there was sizable equity--30%-40% (a bit less for strong franchises) and solid restaurant...
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