Weird.

Been looking at a business for the past few months. Gas/station country store. The store is not doing well but there is a lot of potential. Low price comparatively for the building and the land. My parents really want me to do the deal. The owner is kinda a family friend. Near a big lake and stuff so there really is a lot of potential.

The business is doing some illegal gambling but I figure I can stop that and run the business successfully. After getting close to a deal I just realized I really have no idea how much money the store is making without that. The store could be making no money. With they financials they provided I really had no way to verify where the funds were coming from. I realized I can’t calculate income, I can’t agree to any payment schedule, and I don’t feel like I can even accurately value the business.

Maybe I overreacted. I do feel like there is a great opportunity for someone there, sometime, but not me now with this deal.

Idk my family is kinda upset with me. I’m still thinking about renegotiation possibly a rental agreement so I could try to run it without the gambling and see what I could make. I just can’t commit to spending that much and buying it the way things are.