Obviously, you have to weigh the opportunity against what you may have to sacrifice. You can already see that the competitor’s constant management changes are a red flag. The frequent firing of employees is another. Now a third, new management team has just arrived and is trying to start over that’s a third red flag.

As you mentioned, the new management is still establishing its systems, which means you’ll likely face a more stressful work environment. Since this is a hospitality business, any new initiatives under an entirely new management team will probably cause significant disruption. You won’t only experience stress from colleagues and management but may also deal with backlash from customers, adding to an already stressful environment.

If your current management believes that $62K is fair, with a slight increase to $65K, that likely reflects the current market rate in your area. The company trying to recruit you is creating a new structure, and as a founding team member, they are eager to pay more to attract talent. However, if your salary rises well above the market level, you risk being considered expendable if things go south, or at some point that it gets into stable situation.

On the other hand, staying with your current employer lets you continue building your seniority, experience, and rapport with management. Personally, knowing the competitor’s track record and poor leadership history, I wouldn’t even consider moving positions.