Sounds like a great deal Shane. If you would already be making money just by not having to rent a kitchen then all you have to do is make up your startup costs to get back to even. Your breakeven on your catering would go down. As long as you don't have any major remodel expenses to cover it seems like a great deal with very little added costs. Is the building already set up as a takeout place or will you have to do remodel to get it there? Does it already have the kitchen facilities you need?
At that price your debt service is so small I can't see it being a mistake even if you decide not to do takeout and just use it as your vending kitchen instead of renting.
Heck, you could just do take out dinner service 3 or 4 nights a week and prep for your vending while you are there and kill 2 birds with one stone.
I do agree with the advice of not giving up a good job in this economy though. I'd make this more of a second profession if it was me.
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