Affiliate Marketing Secrets

Hi,
I own myself a business that has 2 kiosks and 1 location. The name is trademarked and so is the logo. It is a great niche cafe .
In a beautiful beach town where I used to live an existing cafe is for rent or sell. This included the existing business and property.
I contacted the owner of the building and the old manager left and business has been dwindling, even though they still do great businesses.
He wants to me to come in and take over the spot and re brand it with my business. I would move down and run the place and implement my ideas.
What is the best way to partner on this?
He is just the owner of the building but I would be using all of his equipment.
He offered to sell me the space but I am not wanting to purchase.
He said he would like equity possibly.
What options would you suggest to him? This is my brand and I would be re branding the whole operation.
Just looking for some options to propose to him. He would not be my boss, but just the landlord. But he does have an existing customer base and equipment.
Thanks