Running a Restaurant/Opening a Restaurant

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Question
Hello,
I have no capital to open a restaurant but I do have a lot of restaurant management experience.  I would like to open a restaurant that caters to the 9-5 professional.  I want to keep it simple such as soups, salads, and sandwiches.  I want allow for small parties but also focus on a restaurant where businesses can go to have business luncheons.  I also want to cater offsite lunches.  I am not looking for fine dining appetite but I want the restaurant to be a sophisticated, professional, and tasteful look.  My labor will be kept to a minimum at first and I will buy used equipment.  I just need direction as to where to begin and how to get startup capital.  Thank you for your help.

Answer
Dear Joyce,

I,m sorry to say, but most small startups are done with funds from family and friends.

Banks won't touch you and some on line lenders will but you will have to "Jump through hoops" and pay huge interest to get even a $10000 loan.


Best advise is to find a private "sponsor" (Silent partner) That believes in you!


Best of luck to you.....

Rick

Running a Restaurant

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Rick Dudasik

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I can answer questions relating to most areas of the restaurant industry including: starting a restaurant, design, food costing and pricing, site selection, staffing, training, equipment, profit and loss questions, sales training, recipies and many other areas of the industry. I have been in the industry for thirty years and have experience in fast food management, multi unit management, casual dinning management,and ownership. Have helped open over fifteen units throughout the United States.

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