Not personally, but my family does. Unless you are buying self-storage, do NOT expect you can buy the place and "it will run itself". Even with a dedicated gen

Not personally, but my family does. Unless you are buying self-storage, do NOT expect you can buy the place and "it will run itself". Even with a dedicated general manager, the owner can expect an additional 15+ hours a week of commitments on top of that. That said, there is so much low hanging fruit in brick and mortar stores. You wouldn't believe how many businesses leave money on the table by not keeping good hours, don't do inventory or purchasing well, or don't invest in basic marketing. Just a modicum of effort on your storefront is heavily rewarded. You also need to be wired for customer service. If people pleasing makes you happy, running a business will be very fulfilling. If you are doing it to be your own boss or because you enjoy autonomy, you are going to have a really bad time. When buying a business as a turn-key, you have to ask what value you get from it other than just taking over the lease. Really analyze the numbers. Good, consistent revenue lets you know there's actually some amount of existing customer base. High labor costs can actually be pretty good too, because that's something you can control and get value out of. Timing is pretty bad though. A good ROI on an existing business is 5-10% (plus what you might be able to pay yourself if you run the thing). With interest rates what they are, you may be lucky to break even on whatever loan you need to take out to buy the thing.