My Exit Strategy

     While I would love for Mugged to become a family business that I could pass down to my children, realistically I would probably stay with the business for several decades and retire. I’m not a fan of businesses that force a kid to give up what they want to do with their life in order to take over running the shop when the parents retire. In my case, I would probably be open to the possibility of someone from my family offering to run the cafe when I retire but will be prepared to either simply close the cafe or look into selling the café to someone who’s interested.

     I think that Mugged would work great as a family café because something that I’m really trying to create is a small town feel where your café experience is more personalized. With that said, I can’t say that my exit strategy influenced decisions I made about my concept because I went into these assignments knowing what I wanted Mugged to be and haven’t thought about exit strategy until this assignment.

     In the grand scheme of things I want Mugged to be the best it could be. I would always consider an opportunity to grow my café regardless of what my exit strategy is.