Long Distance Business Operation

Good Morning Everyone,



I have an opportunity to aquire a business half way across the country, but my family and I have a stable life where we are and cannot afford to quit our day jobs just yet. In this day and age of technology it seems that owning and managing the business from another state should be possible with the right staff in place and regular visits to the base of operations. I am hoping that someone else has experience with this scenario where you own a buisness but are not directly involved in the day to day operations of it. My wife and I plan on handling all of the book keeping, vendor dealings, etc. and plan on having a separate business cell phone strictly devoted to that side of our lives so that we are available 24/7 should an issue arise. The plan would be to spend a month or two becoming familiar with the operations and then return home with planned once-a-month visits to the location or as needed. I am anxious to hear the thoughts of others on how plausable this is. Thank you so much for your time.