New Wine Bar Opportunity

[hotwine]

I'll add that you should look into the business background of the general partner/current owner. Find out what he/she knows about running a business in general, and a wine bar in particular. If that looks good, do some market research on the location - the demographics, performance of other businesses in the area, etc. And ask the GP/owner for a business plan; that should include reasonable projections of profit and loss for the next five years or so. Examine your potential role - would you be a limited partner? If so, there should be a partnership agreement - ask your attorney to look it over and give you his/her opinion. Do the same with your CPA - look over both the business plan and partnership agreement. Then ask yourself if you could stand to lose your entire investment. If the idea passes all of those tests, and projections look good for that market and those demographics, then you can think about giving it a shot. But the survival rate of even GOOD wine bars hasn't been very high lately - two in my area went bust last year, and they were both highly regarded and seemed to be thriving.