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Sounds like his mistake was likely the costly remodel rolled into the business loan that he couldn’t afford. For those out there wanting to start restaurants:
by yurishimo 5y ago
Sounds like his mistake was likely the costly remodel rolled into the business loan that he couldn’t afford.
For those out there wanting to start restaurants: start small! It’s a heck of a lot easier to go from 10-20 tables to buying the lease out of the person next door and expanding.
If you’re small and full because your busy, then you’ll also generate buzz for being “exclusive” and when you expand, people will still flock there, even though there’s plenty of room.
Source: worked at restaurant that did exactly this. Pizza and decent Italian food. Place is hopping all the time and considered the go-to date night and anniversary spot because it’s hip and trendy. They’ve been open for almost 10 years now.
- mark-r 5y agoOh the place definitely needed remodeling. It had been a restaurant for many years and didn't see an ounce of love in that time. But I'm also certain he went overboard and bought the best of everything. Strangely enough it seemed twice as big, even though he didn't add any square feet. The location isn't cursed, it was taken over by another restaurant that has been open a few years now.