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/biz/ - Business & Finance

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11082786 No.11082786 [Reply] [Original]

is it worth buying in as partner at my job?

I don't really know how it works, like I assume they'd basically be taking a large chunk of my paycheck and then after so much I'd be part owner

I work in a pizzeria. I have very few bills living at home so I could afford to do it. But I'm just wondering what kind of stuff to take into consideration before making such a commitment.

The owner approached me a couple years ago about either buying in as partner or just buying the store from him, either 50k as partner or buy the store for 100k, well back then I wasn't in a good position to really consider it but now I probably could, and he is making a big move changing locations in the next few months so he could probably use an investor so I could approach him about doing it now most likely

>> No.11082807
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11082807

it's like the game monopoly
if you've got a nice bankroll and someone finna land on ur shit, upgrade that shit, son
otherwise, keep deliverin pizza my nig

>> No.11082823

>>11082807
I understand

>> No.11082824

>>11082786
that depends almost entirely on your ability and desire to run and manage a pizzeria.
also other details like profitability and what not

>> No.11082831

>>11082823
but no I don't think investing in a pizzaria is necessarily worth it, that doesn't strike me as a particularly profitable gig. I'd do some serious research and run the numbers repeatedly until I was absolutely sure it made sense financially. There isn't much more to it
location location location though I guess
50k isn't too terrible though fwiw, that's a really small sum for a stake in a business

so maybe it's a viable option
be safe man

>> No.11082898

>>11082786
That was a cool webm

>> No.11082908

>>11082824
I'm pretty good at running it for him. And the place makes enough for them to all drive new cars, gamble thousands away at the casino every month, at least a dozen vacations per year, live in a gated community, etc. Actually we have 2 locations and my location supports the other location that doesn't do that great. The place makes a lot of money, and my boss couldn't even tell you how much it costs to make a pizza. Actually he's mostly incompetent, but he's a new york jew / workaholic, so he makes it work, and he's kind of the yin to my yang as he takes full advantage of having someone like me working for him. Believe it or not that's something I admire about him, none of my previous employers were able to take full advantage of my capabilities, this guy saw potential in me and now I make him a lot of money and it's all copacetic.

Well I don't think there'd be any harm in bringing the topic back to the table, I need to figure out how much it would be costing me and how much I'd be making per week while paying it off

>> No.11082980

>>11082908
you must be paid a decent amount then. and 100k for the entire store would sounds suspiciously low. if your serious have a lawyer look over everything.
also remember your benchmark is a more conventional investment in the stock market which is about ~8%

>> No.11083007

>>11082980
>also remember your benchmark is a more conventional investment in the stock market which is about ~8%
good point, thanks

>> No.11083030

>>11082908
100k is so low that this makes no sense whatsoever and warrants further investigation, I'd do it in a heartbeat if it's legit

>> No.11083068

>>11083030
The building is rented, there's no sit-down dining and there can't be because no handicap bathroom, septic tank location, water well location, the building is actually one of the oldest buildings anywhere around here and it's falling apart and the fire department looks the other way at all the fire hazards we have like no ventilation hood and we use portable butane stoves and extension cords running everywhere cause the electrical is all fucked and we blow breakers all the time etc etc, the equipment is completely fucked (pizza oven ~30 years old where all the stones are broken and it's a major piece of shit compared to a properly functioning one), we can only use a very small fryer because it's all the fire department lets us get away with (and even it's against code)... basically it's the name of the business and a bunch of junk equipment

like if he left there and I decided to say fuck him and rent the building and start a pizzeria when he leaves I could buy used equipment for like 20k tops and start up myself so 100k isn't as far fetched as you think

>> No.11083077

>>11083068
holy kek

>> No.11083151

>>11083068
yeah, it's sounding more complicated with the extra details. how much longer will the equipment last? chance of rent increase? is competition moving into the area? etc
you could probably negotiate a significantly lower price, unless your rounding 100k sounds like it was off the cuff. or just take the experience gained and buy a franchise somewhere else entirely.

>> No.11083160

>>11082786
for 50k you can buy your own subway franchise

>> No.11083180

>>11083151
we're moving locations, just a mile and a half down the road, and we're taking everything out of this one.. we're getting a better pizza oven etc. but not leaving anything behind in case a competitor does want to move in (they'll probably be scared away by the completely fucked building, so unless they're investing 2 million to buy the property and rebuild, not worried about that)

so basically what I was considering now is to buy in since he could probably use the help of an investor in making this move

>>11083160
damn I used to work at subway, that could be sweet, subway has a real smooth operation

>> No.11083209

>>11083160
just googled it out of curiosity. it's closer to 100k minimum.

>> No.11083258

>>11082786
Food service industry is a black hole for money. Do you know your boss' business model? How does he manage finances, what kind of marketing decisions does he make, does he invest in his employees, does he try to improve his product or generate 'legitimate' interest in the community, is he honest or shady? There are a lot of questions you need to answer about how your boss runs things before you consider risking what could be 100k linkies on what is typically a shit business to be in.

>> No.11083312

>>11082786
BUY BCH

>> No.11083320

>>11083258
thanks

>>11083312
no

>> No.11083415

>>11082786
Anon:
If you can't see that you're being scammed, I feel bad. Obviously if you "buy in" as a partner you are providing capital for a business that is most likely already in debt and can't keep it's head above water.
The safe alternative is to use that same amount of money to buy BCH. It's so obvious that every BCH coin you purchase today will be worth $ 1 million by 2020. $450 today for $1 million in two years.
This is the only coin that even has the potential to 10,000X as stated by Vitalik & Satoshi. Every other coin is a meme as is your buy in.

>> No.11083432

>>11083415
at least my jew boss has better things to do than post in dozens of threads on 4chan about buying some scam coin

I will never ever ever buy bch

>> No.11083453

>>11083432
Stay poor, Anon. Continue to be kek'd by the jews. You seem to enjoy it.

>> No.11083578

>>11083068
>>11082786
this isn't a proper conversation until we hear:
>pizzeria cash flow
>boss profit margins
>your current salary
and we can try to make an assessment instead of just wild guessing. in any case, it sounds to me like your boss just wants you to have more skin in the game so he can overwork your ass.

current setup
>boss does 100% of the work
>takes home 100% of the profits
optimal setup for him
>you buy half the place with a large chunk of your savings
>need the place to work or you're poor again, will work your ass off to ensure it does
>boss does 10% of the work
>takes home 50% of the profits

>> No.11083582

>>11083180
>I was thinking of buying in as he could use the help of an investor to make this move

What are you a fucken charity or something? Are you giving this cunt 50k to help him out cos it’ll give you the warm fuzzies inside to know you made some greasy Italians life a bit easier, or are you investing 50k because you think this move presents as a good opportunity for you to grow your wealth and a good/profitable decision for the business?

Honestly, you sound a little inexperienced. I’d stay away and not invest if I were in your position.