Assume you buy a biz a small shoe store, deli, drycleaner or 99 cent store. Would it be hard to simply re-employ people and let shit run as normal?
Would people be grateful enough that you saved their jobs to run it well. What if you tell the owner you'd like them to retain a small % of the business. To maintain the community and employee trust.
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This is low paid labor, so most people in these positions don't give a shit about you or anything in life. Finding good help is the key to a successful business, but the pay is so low, they are hard to find.
Yeah you could give the former owner some equity and have them be the manager. That might help.
What if I give the former employees some equity too? Don't tell me I'm stupid. I want to support the workers and their jobs too. It'll create buy in from them California already has $15 minimum wage, so I can start the at $15.
As far as I'm aware, there can be a decently high churn rate on small business labor (since it's mostly low paid labor like Isaiah mentioned). Not sure how smart it would be to hand off equity to employees who a) probably aren't going to stick around too long regardless and b) probably don't have the strongest understanding of the value of the equity.
If you pick a good business, then why would the owners want to sell? If you don't pick a good business, why would you want to buy it? Brick and mortar stores seem like a tricky area to invest in at the moment.
I'm only window shopping at the moment. Sometimes people sell for personal reasons.
Power to you. If people are selling for those sorts of personal reasons, isn't it also generally assumed that they no longer want to work in that business?
You'd be buying yourself a job. Like a poster above pointed out, unfortunately finding good people in that pay range is really tough. It's doable, but tough and the reward isn't really worth it IMO.
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