Business Owner Thread

[Anonymous No.18815023]

Amerifat here lookin to cash in somehow on the corona thing scaring all the restaurants to death. A few cafes are extraordinarily cheap right now, and so I'm hoping to secure a comparatively small loan of roughly $70k-90k in order to purchase an existing cafe and get one rolling. There's just a few issues.
>own no assets
>have no money
>young
>have no managerial experience/never owned a business

I have several things I believe are going for me
>I heard cafes (at least non-fancy cafes) are recession resistant since coffee consumption is essentially a necessity
>cafe in a more residential area may benefit from the 'work from home' cultural shift that corona's forcing
>other cafes are built in corporate parks, meaning that as long as they have businesses there the cafe will have continual foot traffic
>have excelled in 3 different job types in the biz (dishwashing, cooking, and currently a dishwasher technician with a deep understanding of how cutthroat everything is)
>willingness to work 60 hours a week
>the rona slashed these business prices by 30%

How dumb is this? Is it possible for me to 100% finance a business takeover? What's the best way to proceed if not? What other options do I have? Can my arguments persuade bankers?

[Anonymous No.18815084]

>>18815023
>dishwasher technician

[Anonymous No.18815117]

>>18815084
>ice in cereal?

[Anonymous No.18815131]

>>18815084
Yeah I work for a dishwasher leasing company and rescue dipshit owners from their retarded dishwasher employees. It blows me away how owners literally never look back of house to see what's going on, which is another reason I think I'd do great. I know the common tricks and I have the balls to at least look and make sure the health department won't fuck me in the ass.

[Anonymous No.18815149]

>>18815131
I thought you meant you were a dishwasher trying to make your job sound important.

[Anonymous No.18815156]

>>18815131
your timing seems alright, just go for it. the only thing you have to pose is perhaps some collateral and other people's money.

[Anonymous No.18815177]

>>18815023

[Anonymous No.18815184]

>>18815084
>>18815149
Fucking kek that’s how I interpreted it too.

[Anonymous No.18815206]

>>18815184
>>18815177
>>18815084
thanks for the reassurance

[Anonymous No.18815343]

>>18815206
I would go deeper into why Im saying just walk away, but you literally could not get a loan with your starting criteria of:
>no assets
>no money
>no experience
Anybody that would give you a loan would be somebody literally trying to ruin your life like those native american loans that charge 800% interest.