Wall Street Journal small business columnist Colleen DeBaise explains how to open a restaurant with no money...well, none of your own anyway. DeBaise suggests gaining some experience working the restaurant business and then developing a detailed business plan demonstrating your big idea and the qualities you posses that will enable you to turn it into profitable reality. Even in a tough economy, DeBaise says there may be funding for a good restaurant concept either from family and friends or from angels, other business people for a financial partner. Read more details about DeBaise's recommendations to get your dream eatery up and running.
How to open a restaurant with no money
Posted by ShawnHessinger under StartupsFrom http://online.wsj.com 5573 days ago
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5573 days ago
5573 days ago
On of our business "areas" at Blue Chip Café & Business Center was the "bar" (coffee house in Italian). It was great margin on selling tea and coffee, but we had to invest plenty of money in equipment and other stuff, e.g. espresso machine, furniture. I think Gothenburg had 300+ coffee places so it was hard to compete, although we focused on a special niche of customers. It could take a long time to reach out to your customers.