Restaurant Winners

Let’s say you live in an average-sized city with a population of 1,000,000 people. Most likely, it can be broken down into four main areas:

Downtown/central business district (CBD)

Midtown

The “downtown donut” (my term, apologies to any urban planners)

The suburbs

Location, Location, Location

Expect to overspend your first time out. You’ll find that if you can stick around, things will get cheaper after you open more locations or new concepts.

for a period of one year. N

How Much Do You Need?

This one’s easy: Double what you think.

You need to examine your concept and goals with complete objectivity. You can always walk away and come back with a refined plan.

So be prepared for a thorough scrubbing of your business plan, and don’t take rejections personally.

Anyone with half a brain knows foodservice is the riskiest game in town

You’ll need enough cash to weather storms like these. T

Getting Your Finances in Order