I have been offered the chance of taking over a Lease on a coffee shop in a well-known tourist village which is on a very busy tourist route in the West. The owner has been ill so it's not just about gettibng rid of a business that is going badly. The cafe has been in operation for 30 years and was listed in some international tourist guides. I would like to do things slightly differently than the owner. The rent is 350 per week. I had experience of running a coffee shop around 20 years ago. Is it a profitable business or not, would I be mad to think of taking over the Lease. How difficult would it be to set up - does the existing business make it easier. I would hope to open it form 9.00 a.m. to 6.00 p.m. each day. It's a business I thought I would always like to go into after my experience of working in a coffee shop many years ago.
Would welcome advice and comments. One of my worries is that the business may be hugely seasonal. The owner was sick in 2011 but had a turnover of 200k in 2010. There is also a chance to buy the buildiing - 1000 sq feet at 250k, but I think this would be very risky.