It needs to feel like a  franchise.  

You need to audit the place, verify inventories sold through the place.Liquor licenses are held by the business owner, not the building owner but might be both, but pretty sure the names of owners are run through background checks and an application process, you don't automatically buy a license.Seller financing is very common for bars as such business are harder to finance, along with privately name type resturants, non-franchised stores.

Bottom line get a good licensed tax professional in your area, not a franchise type, some one with some letters behind their name and preferably own investment real estate themselves.

This is why you should hire a good tax professional in your area that invest in real estate themselves, some one with some letters behind there name not those franchise types.  

I called a well known mitigation franchise, for the purposes of COMPLETE anonymity, I'll call them "MervCrow water mitigation". 

From my understanding, a CA LLC can be an expensive structure to hold one property, considering (a) set up cost (which I understand is a one time cost), (b) annual CA franchise tax fee, and (c) higher cost of financing.

How have you Incorporated e-myth's franchise prototype into your real estate empire?

We bought/moved into our house, my advisory business has picked up a lot of new clients, we are slated to open a franchise in Short Pump early 2016, and we launched our RE biz this month, actually! 

A sandwich/hamburger joint (if it's a independent, if it's franchise moves up to #1)3.

Thanks for readingI could have sold you a Blockbuster franchise 5 years ago based on the numbers.