<prompt> Human: Im agonizing over a decision to buy a business, so I have come to the most trustworthy source of counsel available: Strangers on the internet. Background: Ive worked in bar and bar mananegment my whole life. I did it full time until I went to grad school and got a career as a data analyst. In that position, I got a part time bartending job with a local mom and pop place, and wound up managing it for the owners who thought owning a bar would be like living in an episode of Cheers. That fell apart because they were clueless. The bar, I thought, had tons of potential that was being squandered by owners who were disinterested and incompetent. I left, and have been working at a different bar for the past year. Recently, the old owners have offered to let me buy 50 of the bar. The other 50 is going to a previous owners wife, which she obtained through a divorce. I love her and I think wed be a great management duo. In addition, theyve remodeled the place and it looks much better. Also, the sale price is going to be less than 50k on half of the bar its a small place in a small area. The sale would include the liquor license and current inventory. I would also not be forced to give up my 9-5. I have 100 confidence in my ability to run this place, and increase revenue currently at 250k sales per year. Buying it would require taking a loan though. Here are my current stats: Imcome- 50k per year from Job 1. Great benefits. Home- renting. Emergency fund - 10k Retirement- Im making out a Roth and I get a pension from my employer. Debt- 150k studebt loans, but am half way through the PSLF program. I work for local government, and I have certified for it every year. I dont have any other debt. So what do you think? Would it be a collosal disaster to take out a 50k loan to buy this place? And where should I look for such a loan if I do?  <response>: Just reading this post and then OPs replies to comments, makes it come across like OP really knows what they are doing here. Good luck and I hope you get that 50 equity.I guess for the rest of us, it is important to understand that buying a brand new bar is not best financial decision. They depreciate as soon as you drive them off the lot. A slightly used bar has best value and with proper maintenance can hit half million of something. 