This is a tough one....
While a lot of you might look at 65 grand a year (if it's true) as a nice piece of change, remember this... this is not Shelbine Missouri. This is San Carlos California. A beautiful place where 65 grand a year gets you... nada in the way of living expenses. Then look at the amount of hours you need to work to get that 65 grand. Say 10 til 6 or 7 lets say 6 days a week (close the store on Mondays if you want). That's 54 or so hours a week open, and many more hours planning, inventory, accounting, advertising, setting up classes.. times 52 weeks a year. 2800- 3600 hours a year. $15.50 to 23.00 an hour before taxes. Subtract Social Security, medical insurance, and a ton of other costs of doing business in California and you are now close to minimum wage.
So... think about these things before shelling out a 1/4 million for a going business where you will need to run a line of credit to keep this thing running.
tim in san jose (an engineer by trade, a quilter by passion)