No credit, no start up capital, tons of experience, and mad skills, how can I open my own restaurant?
I've already started my business plan, and know My target demographic, menu, and etc. This will be a viable concept, even in this poor economy.
Food service businesses can be tough do to build out costs. One option would be to rent out a restaurant during off hours to do catering. The other that comes to mind is taking over a dying business, with little or no money changing hands. Need to know who's hurting? contact some vendors and inquire about who is late paying or on cod terms cash only. I have a friend here in Cali who has bought several bars this way. He arranges financing through vending machine companies. They advance the money, and subtract the advance from the weekly income (50-50% split) A pool table, cd juke box, games, soda machines, candy machines you name it, his bars start out looking like arcades! Good luck with it!
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