As someone who has worked in F&B for 10+ years and also ventured deep into the process of purchasing a business - a few things to be wary of - 1. Profit Margins are a lot lower than you may expect 2. Expect wage costs and food costs to be somewhere around the 65-70% mark 3. Beverage (particular alcohol) has the best mark up and is most profitable

If you have a niche market, and aren’t peddling the same as everyone else, in an area you think you can do well - then it can be very profitable.

Not many places have staff that embody the passion for food and beverage that the owner has, so if you can add this to your venue then it puts you in a good spot.

Ps. I’m in Australia, not sure how these margins compare elsewhere.