Dee asked:
I have bad credit and can’t get bank loans, I found the most awesome chef after surveying and testing hundreds of new chefs, I owned two restaurants in the past so I’m experience in opening and making a restaurant successful, I have an additional $4000 a month in spendable income from my career after all my personal bills are paid.
I have bad credit and can’t get bank loans, I found the most awesome chef after surveying and testing hundreds of new chefs, I owned two restaurants in the past so I’m experience in opening and making a restaurant successful, I have an additional $4000 a month in spendable income from my career after all my personal bills are paid.
Have u tried saving &/or investing that disposable income? When u can place a large enough down pymt, u should be able to get a loan (or possibly investors) – no matter what your credit.
I guess a question to first answr yours…if you’ve opened two successful restaurants, what happened to the money?
Look for a small restaruant/coffee shop/sandwich shop that is for sale or closing. It’s easier and cheaper to find a place that is already “built out” instead of creating and building your own. Look for good traffic, either foot or car, easy access, good parking and SAFE, SECURE area. Keep it simple, focus on the food and service at reasonable prices. Be friendly and get to know your customers on a personal basis.