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Old 11-23-2011, 03:04 PM   #1
Dweplyododo

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Default A business query
I know some family members who are looking to buy restaurants, cafes, coffee shops, takeaways, launderettes and dry cleaners but they want to have very little involvement with the business and leave the running of the business to the staff with some occasional visits. Does anybody have any suggestions/ideas/experience in this regard
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Old 11-23-2011, 03:10 PM   #2
suilusargaino

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I know some family members who are looking to buy restaurants, cafes, coffee shops, takeaways, launderettes and dry cleaners but they want to have very little involvement with the business and leave the running of the business to the staff with some occasional visits. Does anybody have any suggestions/ideas/experience in this regard


Very risky to leave the running of business to staff. Better option is to be a partner with someone who already have experience in the mentioned fields. Also check the persons previous partners and background.

Being the sole owner and leaving the running of it to the staff is disaster in waiting. Especially restaurant business, because it needs full time management and people can easily screw up.

P.s. I m not a business man.
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Old 11-23-2011, 03:13 PM   #3
MaigicyuNinia

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Can be done if they employ a very good manager at a very good salary, otherwise its asking for trouble, easiest business to do this is in franchised operations where the franchisor provides good training for managers. The nature of a business however is that you will always need to oversee otherwise you will get caught out, ie, stolen from. If they really want something they dont need to monitor then they should buy property.

If its not a franchise they would still need to market the business, its hard to hand that part over unless the business is well established and really markets itself, in which case you have to hope the staff dont run it into the ground while you're not there. Bottom line is only the owner can be expected to treat and manage the business as their own, because well, it is. If you want that from staff then either make the staff part owners in the business or pay them really well, problem is today most business owners want to pay peanuts, and as the saying goes, if you pay peanuts, you get monkeys.
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Old 11-23-2011, 04:33 PM   #4
gagagaridze

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do people still use launderettes? those places were sooo depressinggg
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Old 11-23-2011, 08:03 PM   #5
numinertyuesk

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any particular location?
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Old 11-23-2011, 08:16 PM   #6
StethyEntinic

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I know some family members who are looking to buy restaurants, cafes, coffee shops, takeaways, launderettes and dry cleaners but they want to have very little involvement with the business and leave the running of the business to the staff with some occasional visits. Does anybody have any suggestions/ideas/experience in this regard


They can make partnership firm with one working partner and they being sleeping partner. Else they can hire a good manager and give him salary based on % of profit. Just living business into the hands of staff is dangerous.

you can contact me here for more details
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Old 11-23-2011, 08:24 PM   #7
fapourfasiark

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Agree,
if they will not devote sufficient time - yes, they can expect disaster. After some time - years - having responsible and reliable person, owner can take short break .... but one of managent/owner role is to keep spirit and perspective of business, which is not easy.
Also decision - which business will they go to - is important - to have any businees is also matter of heart and not only technical thing.
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Old 01-03-2023, 10:36 AM   #8
Ighans1

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