My wife and I are considering buying a small wine shop that’s for sale near our house. I own a bookkeeping business so I would continue doing that while working part time at the wine shop while my wife works there part time as well (we have a 2 year old).

The wine shop is for sale for $85,000 and is currently only netting the owner $30k/year (likely why they’re selling). We see lots of growth potential (selling wine accessories, doing more tastings and classes ect.) While I’ve run a successful business before, I’ve never worked in the wine/retail industry but my wife and I are passionate about wine. The current lease ends March 2027 which I like because we’d have about 2.5 years to turn a decent profit or else we’d shut it down when the lease ends.

Are we crazy?