Asole proprietor wants to take out a loan so she can buy a small restauraunt and open her own cafe. what are some benefits and costs of buying the restaurant property?

To summarize the question : The sole proprietor to buy an existing restaurant and transform it into a cafe rather than building it from the start

Benefit :

- Cheaper Price

Since the property  is not new, the sole proprietor could obtain it with significantly lower price compared to buying the new ones.

- Less Financial Risk

The existing restaurant also come with some of its loyal customers. If the sole proprietor could convert them , the sole proprietor already have a good stream of income for a brand new business

- Quicker Execution

The formal & legal matters from Buying an existing business usually shorter than establishing permit for new ones.

Cost:

- Property Damages

Since they are no longer new, we need to expect that some of them come with a less than ideal condition

- No Fresh Impression/Image

The people around the business area will already associate the business with the previous brand. If it's negative , than the new owner have to deal with it.

explanation:

may i ask what challenges?

since learning about his learning patterns, logan has become very aware of the thoughts and feelings he experiences as he listens to the “internal chatter” of his patterns.