About a month or so ago I started talking to the 3 of them about buying the places. Got positive feed back from them a we put together a plan. Got the places appraised, set a fair price and worked out the fiance aspects of it.
So, after a full day of lawyers, bankers and bean counters as of the first of June I have scaled back a bit. Im still underwriting a large part of their financing but they will have full ownership and all the joys that go with it. Im carrying thier co signing for 7 years, so if they fail I get it back but they are all long term expierenced people and I would have never made the offers if I had doubts.
So now i'll have the schools, catering and the import company. Still enough to do but Ill get a little more free time. To be honest I was getting bored with the places, they ran smooth and all I felt like was an interloper when I was there.
So off to something new. I will be looking at several available locations in the city( Göteborg) and have a concept in mind that Ive always wanted to do. As usual, it will take some time, a year or so to get it up, right, and running, but thats where the real fun us anyway. Ahh, nothing like shopping new toys.