I'm curious if anyone has experience hiring an operator to install in a business from the beginning. This feels risky to me, but I suppose it's done fairly regularly given the growth of independent sponsors. Wondering what the community's experience has been here.

Some context: My plan has been to find a local Austin business because we're rooted here and can't up and move (wife works, we have a kid, and grandparents live down the street). A very interesting business near my hometown on the east coast just came across my desk and I'm considering making an offer. The business can support an additional ~$100-200k in payroll if there are no major setbacks.

I hired a fantastic CEO to run the business I founded and that's going well, but the idea of hiring someone to take over a business I haven't spent the past few years running feels like a totally different proposition. Any guidance, warnings, Etc from the group?