Okay, so I have finally made the big step into future ownership. Saved up for my down payment, looked the place over from top to bottom and I'm ready to move forward. I have the green light from the bank that they will lend me the rest of the funds required. Now I just need a little bit of knowledge from you guys. I'll give you guys some background of the place I am buying: The place opened up for business in 2001 by two brothers. They have since been successful enough to open up their own catering service which makes them a ton more money than the parlor did and thats why theyre selling. So since their catering business took off they closed down their parlor about 6 months ago. So if I purchase I will be buying all their assets and their knowledge. They appear to be great people and will train me along the way (that is in writing). I went and talked to one of them this last Sunday and looked the place over real well and I have a appliance guy coming to look over the equipment. He gave me their tax forms for 2016 and said they are still in the process of filing for the 2017 taxes. Numbers go as follows: Gross: $400k Cogs: $219k Deductions Wages: $38k Rent: $22k Tax:$5500 Misc: $65k In a college/military base town of about 200k people, located 1 mile away from the main gate to the largest army base in the US. How much do you think is possible for me to net as a owner operator? My employees will all be family who have agreed to not gauge me for wages in my starting months. Can I make enough to provide a decent living? My personal expenses are $2200/month. I'm not scared of risk, but it is a big move from my current day job .