I take a salary, if the business has a slow month or 2,i still get paid,
If you own, or lease, then your business struggles and you are directly out of pocket, so you have to put back a delivery payment, then a glasswasher breaks, so you hold payment on a fish delivery, or a food run, then you have a second slow month, have to borrow cash to pay suppliers or get no stock, it goes on personal loans and credit cards and very soon you're on a lot of debt. You can make money, but I'd say only if you buy the pub outright as freehold. And that's a huge amount of cash.
( Windy Pig I'm naturally quite suspicious about the moon., Wed 10 Jul 2013, 10:20, Reply)