User Panel
Posted: 5/3/2015 2:29:51 PM EDT
Couple of Tilted Kilts in my AO, buds & I at work were talking about how our area really needs a Hooters. Since you're basically selling T&A, it seems like it would be about the most failure-proof business you could get into, short of selling hard drugs or taking bribes from demoncraps. Closest one is Philthydelphia, and, like most areas today, plenty of industrial/retail spaces around me sitting idle & unrented. The building owners would prolly blow you to get you to rent their space.
From the Requirements & Fees section of their website: Financial Requirements
Financial requirements to become a Hooters franchisee include a minimum net worth of $2,500,000 (US Dollars) and a minimum liquidity of $1,500,000 (US Dollars). These requirements are minimums and may be higher in certain markets. Experience Candidates must have a minimum of five (5) years of previous multi-unit restaurant experience, or have an operational partner that meets these requirements. Territory Candidates must have the ability to develop a minimum of three (3) restaurants in the proposed development territory. View Quote Now why'nt'hell do I need to develop THREE of 'em? New York or LA could prolly carry that many, but my area, as metro as it really is, would be tough. And I admit, I've never even managed a coffee cart, much less a full-blown bar-and-grill. And while I don't have that kind of scratch sitting around, I've a few pennies set aside for a rainy day, and could prolly find investors who would want a cutie in skin-tight orange Daisy Dukes sitting in his lap. What sayeth the hivemind? Anyone done this, or know someone who did? Of course, I'd have to personally conduct extensive, intrusive interviews with all the hauties that showed up, just to make sure they meet standards... |
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I've managed both a Tilted Kilt and a Hooters. What questions do you have
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Pa was fully franchised. So you wouldn't even be able to open one if you wanted. The main guy in Pa had like 12 of them. I know most of them closed because of poor performance. Just because you think it would do well wouldn't mean it would actually do well. Franchises do ALOT of research in this shit. It's not by the seat of their pants they allow people to just open one. Let alone the fees, and the requirements you'd need to have in business and running restaurants.
It's not easy. And I'd assume you are just asking out of interest in asking, and not because you'd actually be looking to opening one. |
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The two Hooters I know about just closed, doesn't seem like its as foolproof as it appears....
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Quoted: Pa was fully franchised. So you wouldn't even be able to open one if you wanted. The main guy in Pa had like 12 of them. I know most of them closed because of poor performance. Just because you think it would do well wouldn't mean it would actually do well. Franchises do ALOT of research in this shit. It's not by the seat of their pants they allow people to just open one. Let alone the fees, and the requirements you'd need to have in business and running restaurants. It's not easy. And I'd assume you are just asking out of interest in asking, and not because you'd actually be looking to opening one. View Quote OP and his buddies are just fantasizing about free wings and beer and casting couch hiring of waitresses. They aren't thinking about the insane, stressful hours of running a restaurant. |
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Figured we'd have some guys here who've actually done it. Wanted to see if it was doable; if the franchises failed with the one guy, seems they'd let another guy take a shot at it. Rotten, stinkin' analysts! What the fuck do they know, with their fancy college degrees and computer programs that calculate in every factor!
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I believe Chef Morris will advise you. For a modest fee that is.
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OP and his buddies are just fantasizing about free wings and beer and casting couch hiring of waitresses. They aren't thinking about the insane, stressful hours of running a restaurant. View Quote View All Quotes View All Quotes Quoted:
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Pa was fully franchised. So you wouldn't even be able to open one if you wanted. The main guy in Pa had like 12 of them. I know most of them closed because of poor performance. Just because you think it would do well wouldn't mean it would actually do well. Franchises do ALOT of research in this shit. It's not by the seat of their pants they allow people to just open one. Let alone the fees, and the requirements you'd need to have in business and running restaurants. It's not easy. And I'd assume you are just asking out of interest in asking, and not because you'd actually be looking to opening one. OP and his buddies are just fantasizing about free wings and beer and casting couch hiring of waitresses. They aren't thinking about the insane, stressful hours of running a restaurant. SHUT UP WITH YOUR FACTS AND COMMON SENSE ALREADY!!!111!!!11!!! |
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Couple of Tilted Kilts in my AO, buds & I at work were talking about how our area really needs a Hooters. Since you're basically selling T&A, it seems like it would be about the most failure-proof business you could get into, short of selling hard drugs or taking bribes from demoncraps. Closest one is Philthydelphia, and, like most areas today, plenty of industrial/retail spaces around me sitting idle & unrented. The building owners would prolly blow you to get you to rent their space. From the Requirements & Fees section of their website: Financial Requirements
Financial requirements to become a Hooters franchisee include a minimum net worth of $2,500,000 (US Dollars) and a minimum liquidity of $1,500,000 (US Dollars). These requirements are minimums and may be higher in certain markets. Experience Candidates must have a minimum of five (5) years of previous multi-unit restaurant experience, or have an operational partner that meets these requirements. Territory Candidates must have the ability to develop a minimum of three (3) restaurants in the proposed development territory. View Quote Now why'nt'hell do I need to develop THREE of 'em? New York or LA could prolly carry that many, but my area, as metro as it really is, would be tough. And I admit, I've never even managed a coffee cart, much less a full-blown bar-and-grill. And while I don't have that kind of scratch sitting around, I've a few pennies set aside for a rainy day, and could prolly find investors who would want a cutie in skin-tight orange Daisy Dukes sitting in his lap. What sayeth the hivemind? Anyone done this, or know someone who did? Of course, I'd have to personally conduct extensive, intrusive interviews with all the hauties that showed up, just to make sure they meet standards... View Quote You really need to do some research. You're not selling T&A. It used to be that way but they changed their stance on that long ago. Get caught doing things that emulate what you think they're selling and it's a good way to lose your new business. |
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Figured we'd have some guys here who've actually done it. Wanted to see if it was doable; if the franchises failed with the one guy, seems they'd let another guy take a shot at it. Rotten, stinkin' analysts! What the fuck do they know, with their fancy college degrees and computer programs that calculate in every factor! View Quote I mean, the guy I worked for was a douche bag, and had some problems keeping his hands off the girls. So that played a big part in his failure as a business owner. But their site selection also left a lot to be desired, the three stores I worked at for him all closed, the one in State college was at the wrong end of town, and no one really cares about a hooters in that town. The one in York was hard to get into, it was on a side of a one way double highway, so half the traffic couldn't get to the store. The one in Harrisburg(well it was on the West shore) was in a busy are(on the Carlisle Pike) but again was hard to get into, and had limited parking. During car show weekends they expected people to park across the street in the cricut city parking lot and then play frogger over the four lanes of traffic. Yeah, that caused some problems. |
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Open your own place that's like a hooters and skip the franchise fees.
Although keep in mind the old saying... "How do you get 1,000,000 dollars by owning a restaurant?" "Start with $2,000,000!" |
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I really wish someone would open one here in Lynchburg,VA. Near Liberty University on Wards road would be nice.
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The closest Hooters to me (in Seattle) closed about 5 years ago.
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I mean, the guy I worked for was a douche bag, and had some problems keeping his hands off the girls. So that played a big part in his failure as a business owner. But their site selection also left a lot to be desired, the three stores I worked at for him all closed, the one in State college was at the wrong end of town, and no one really cares about a hooters in that town. The one in York was hard to get into, it was on a side of a one way double highway, so half the traffic couldn't get to the store. The one in Harrisburg(well it was on the West shore) was in a busy are(on the Carlisle Pike) but again was hard to get into, and had limited parking. During car show weekends they expected people to park across the street in the cricut city parking lot and then play frogger over the four lanes of traffic. Yeah, that caused some problems. View Quote View All Quotes View All Quotes Quoted:
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Figured we'd have some guys here who've actually done it. Wanted to see if it was doable; if the franchises failed with the one guy, seems they'd let another guy take a shot at it. Rotten, stinkin' analysts! What the fuck do they know, with their fancy college degrees and computer programs that calculate in every factor! I mean, the guy I worked for was a douche bag, and had some problems keeping his hands off the girls. So that played a big part in his failure as a business owner. But their site selection also left a lot to be desired, the three stores I worked at for him all closed, the one in State college was at the wrong end of town, and no one really cares about a hooters in that town. The one in York was hard to get into, it was on a side of a one way double highway, so half the traffic couldn't get to the store. The one in Harrisburg(well it was on the West shore) was in a busy are(on the Carlisle Pike) but again was hard to get into, and had limited parking. During car show weekends they expected people to park across the street in the cricut city parking lot and then play frogger over the four lanes of traffic. Yeah, that caused some problems. Really? Gosh, whooda' thunk that could ever be a problem? Area I was eying is in a WILDLY popular mall area, that has some low-rent, rough-trade areas, that I could get cheap & that would seem to fit in well with the Hooters ethos. Easy on/off the local freeway, shit-tons of parking, alot of stores so hubby could tell the ol' ball-and-chain "Oh yeah, honey, I'm getting that dress for you at J.C. Penny's"...and then nip across the street for a beer or seven. Oh, and of course we have one or two hauties in my AO. All the elements are there in the solution, just wondering if the right catalysts are also in the mix (such as my lack of $$$ and experience ). |
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Open your own place that's like a hooters and skip the franchise fees. Although keep in mind the old saying... "How do you get 1,000,000 dollars by owning a restaurant?" "Start with $2,000,000!" View Quote Which brings to mind another quote I heard: "You CAN make a small fortune in the airline industry; you just start out with a LARGE fortune." |
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Seems it would be easier to open a strip club with a wing buffet.
Most strippers are independent contractors as well. |
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I used to go to the first Hooters on Gulf To Bay in Clearwater when I was in college.
Crazy they are still around, seem dated as hell these days. |
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Really? Gosh, whooda' thunk that could ever be a problem? Area I was eying is in a WILDLY popular mall area, that has some low-rent, rough-trade areas, that I could get cheap & that would seem to fit in well with the Hooters ethos. Easy on/off the local freeway, shit-tons of parking, alot of stores so hubby could tell the ol' ball-and-chain "Oh yeah, honey, I'm getting that dress for you at J.C. Penny's"...and then nip across the street for a beer or seven. Oh, and of course we have one or two hauties in my AO. All the elements are there in the solution, just wondering if the right catalysts are also in the mix (such as my lack of $$$ and experience ). View Quote View All Quotes View All Quotes Quoted:
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Figured we'd have some guys here who've actually done it. Wanted to see if it was doable; if the franchises failed with the one guy, seems they'd let another guy take a shot at it. Rotten, stinkin' analysts! What the fuck do they know, with their fancy college degrees and computer programs that calculate in every factor! I mean, the guy I worked for was a douche bag, and had some problems keeping his hands off the girls. So that played a big part in his failure as a business owner. But their site selection also left a lot to be desired, the three stores I worked at for him all closed, the one in State college was at the wrong end of town, and no one really cares about a hooters in that town. The one in York was hard to get into, it was on a side of a one way double highway, so half the traffic couldn't get to the store. The one in Harrisburg(well it was on the West shore) was in a busy are(on the Carlisle Pike) but again was hard to get into, and had limited parking. During car show weekends they expected people to park across the street in the cricut city parking lot and then play frogger over the four lanes of traffic. Yeah, that caused some problems. Really? Gosh, whooda' thunk that could ever be a problem? Area I was eying is in a WILDLY popular mall area, that has some low-rent, rough-trade areas, that I could get cheap & that would seem to fit in well with the Hooters ethos. Easy on/off the local freeway, shit-tons of parking, alot of stores so hubby could tell the ol' ball-and-chain "Oh yeah, honey, I'm getting that dress for you at J.C. Penny's"...and then nip across the street for a beer or seven. Oh, and of course we have one or two hauties in my AO. All the elements are there in the solution, just wondering if the right catalysts are also in the mix (such as my lack of $$$ and experience ). I mean, don't get me wrong, working at hooters was a great time. I was just out of highschool when I started with them, I opened the hooters of harrisburg, within six months there was four girls at our store who got knocked up by guys in the kitchen. Had some wild parties as with them, as any restaurant most nights the crew would tend to get together to unwind, we just had hotter girls then most. The managers where always the ones getting in trouble, the one who wrote the schedule always had girls throwing themselves at him to get the better shifts. Finally solved that problem by hiring a female manager to do the schedule. Not that she didn't get offers as well. The worst part of the job was the girls. But the best part of the job was also the girls. Go figure. |
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Open a Wing House instead.
Better product and probably much cheaper to franchise. |
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Never saw one in Seattle. The one in Tacoma however was going strong when I drove by yesterday. Posted Via AR15.Com Mobile View Quote View All Quotes View All Quotes Quoted:
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The closest Hooters to me (in Seattle) closed about 5 years ago. Never saw one in Seattle. The one in Tacoma however was going strong when I drove by yesterday. Posted Via AR15.Com Mobile It was down on Lake Union. You could ride the SLUT there! |
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They have these places around FL, not sure if national or not, called xxx Ale House (xxx being the name of the area they are located, like Jax Ale House, Mandarin Ale House, etc)
I like those better. |
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unless you profoundly love the restaurant business, or have so much money that it doesn't matter, do not open a restaurant under any circumstances.
people who are good at restaurants love the business so much that it doesn't matter to them if they go out of business. multiple bankruptcies don't matter. divorce doesn't matter. your kids hating you doesn't matter. putting in 100hr weeks for years doesn't matter. none of it matters, so long as the doors stay open. all the titties in the world won't change the equation. you're either a restaurant person at heart, you have enough money to do it for a tax write-off, or you shouldn't even be considering it. |
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unless you profoundly love the restaurant business, or have so much money that it doesn't matter, do not open a restaurant under any circumstances. people who are good at restaurants love the business so much that it doesn't matter to them if they go out of business. multiple bankruptcies don't matter. divorce doesn't matter. your kids hating you doesn't matter. putting in 100hr weeks for years doesn't matter. none of it matters, so long as the doors stay open. all the titties in the world won't change the equation. you're either a restaurant person at heart, you have enough money to do it for a tax write-off, or you shouldn't even be considering it. View Quote This is the impression I get after watching a few seasons of "Kitchen Nightmares" and "Bar Rescue". And that's even while knowing the producers aren't showing the real story, and that what I'm watching is basically bullshit. I love the mom and pop restaurants that are three quarters of a million fucking dollars in debt. That's delusion of a truly impressive nature. |
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Quoted: Their airline didn't do too well. http://upload.wikimedia.org/wikipedia/commons/1/16/Hooters_Air.JPG http://en.wikipedia.org/wiki/Hooters_Air View Quote |
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Didn't they try to do a casino too or hotel/resort or something? View Quote View All Quotes View All Quotes Quoted:
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Their airline didn't do too well. http://upload.wikimedia.org/wikipedia/commons/1/16/Hooters_Air.JPG http://en.wikipedia.org/wiki/Hooters_Air Yup. There was one in Vegas. I remember the air line. Wasn't around long. |
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Hooters,tilted kilt and other assorted establishments in the same vein are lame.
All aboard! Next stop is loserville |
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25 years ago the food was good, but now it sucks and the servers have attitudes, if a guy wanted shitty food and a snarling woman he could just stay hoe
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Hooters,tilted kilt and other assorted establishments in the same vein are lame. All aboard! Next stop is loserville View Quote This. I only have gone a few times with buddies from work. To this day, it's the only place I've not tipped because of service. Truly the worst service I've every received, or should I say didn't receive. And the wings suck too. But I started frying my own wings, and for 5$ I can buy 3 dozen wings at the grocery store and fry them myself. And not pay 50 cents extra for each shot glass sized cup of bleu cheese. |
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I really wish someone would open one here in Lynchburg,VA. Near Liberty University on Wards road would be nice. View Quote Isn't that area a very religious area? I would imagine Hooters would get ran right out of town, if they were even given a license to operate there in the first place |
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I love the mom and pop restaurants that are three quarters of a million fucking dollars in debt. That's delusion of a truly impressive nature. View Quote truth, and it happens all the time. i've talked to so many bar/restaurant owners who were just destroyed after a couple of years, and they'll just sit there forlornly, asking "how did it go so wrong?" OTOH, you talk to true restaurant people, and they're already working on the next business plan while their lawyer is still sorting out the current bankruptcy proceedings. it's a faustian bargain, and people have to be willing to pay the price...which is your entire life. |
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There was a Hooters in my town that closed up, rumor has it some of the girls were offering up BJ's in the parking lot and a lot of drugs were running through there, I think it was the demographic shift in this area that did them in. This year a new one opened in a much larger location, they had to have spent a million on remodeling. I drove by there today, most of the cars were backed in the spaces and sported big shiny wheels. Bet they don't last long there either, FSA's aren't good tippers.
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Quoted: unless you profoundly love the restaurant business, or have so much money that it doesn't matter, do not open a restaurant under any circumstances. people who are good at restaurants love the business so much that it doesn't matter to them if they go out of business. multiple bankruptcies don't matter. divorce doesn't matter. your kids hating you doesn't matter. putting in 100hr weeks for years doesn't matter. none of it matters, so long as the doors stay open. all the titties in the world won't change the equation. you're either a restaurant person at heart, you have enough money to do it for a tax write-off, or you shouldn't even be considering it. View Quote I've started up several small businesses myself and have even published a short paper about starting up a business. Anyone that's ever come to me for advice involving running a restaurant or bar I have told them not only no but hell no. You might as well just take the money you have and burn it for heat. It will provide a better return on investment. On average, a small business start up will fail 50% of the time within a couple years. I haven't looked at the metrics specifically for a restaurant and/or bar but I bet it's closer to 80%. |
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This. I only have gone a few times with buddies from work. To this day, it's the only place I've not tipped because of service. Truly the worst service I've every received, or should I say didn't receive. And the wings suck too. But I started frying my own wings, and for 5$ I can buy 3 dozen wings at the grocery store and fry them myself. And not pay 50 cents extra for each shot glass sized cup of bleu cheese. View Quote View All Quotes View All Quotes Quoted:
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Hooters,tilted kilt and other assorted establishments in the same vein are lame. All aboard! Next stop is loserville This. I only have gone a few times with buddies from work. To this day, it's the only place I've not tipped because of service. Truly the worst service I've every received, or should I say didn't receive. And the wings suck too. But I started frying my own wings, and for 5$ I can buy 3 dozen wings at the grocery store and fry them myself. And not pay 50 cents extra for each shot glass sized cup of bleu cheese. Bull shit. Not saying you can't make better wings at home but $5 is not buying you 3 dozen wings. |
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This. My current boss opened a small restaurant last year and has regretted it ever since. The food and concept are amazing but he got totally fucked over by a realtor on the location and there was some initial management issues. I doubt it will survive until the end of this year before it closes. The management consulting arm of my current company is advising another local group that wants to start a dave & busters style restaurant and bar and it's not going well either and they haven't even opened lol. You need to have enough cash on hand to realistically float the operations for at least a year or don't even bother trying. I was friends with a local bar owner that I tried to advise a few times because she was a really good friend and they never really listened. They made it I think 8 years before they finally closed with nothing to show for it but empty pockets, broken dreams, and shattered relationships. I've started up several small businesses myself and have even published a short paper about starting up a business. Anyone that's ever come to me for advice involving running a restaurant or bar I have told them not only no but hell no. You might as well just take the money you have and burn it for heat. It will provide a better return on investment. On average, a small business start up will fail 50% of the time within a couple years. I haven't looked at the metrics specifically for a restaurant and/or bar but I bet it's closer to 80%. View Quote View All Quotes View All Quotes Quoted:
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unless you profoundly love the restaurant business, or have so much money that it doesn't matter, do not open a restaurant under any circumstances. people who are good at restaurants love the business so much that it doesn't matter to them if they go out of business. multiple bankruptcies don't matter. divorce doesn't matter. your kids hating you doesn't matter. putting in 100hr weeks for years doesn't matter. none of it matters, so long as the doors stay open. all the titties in the world won't change the equation. you're either a restaurant person at heart, you have enough money to do it for a tax write-off, or you shouldn't even be considering it. I've started up several small businesses myself and have even published a short paper about starting up a business. Anyone that's ever come to me for advice involving running a restaurant or bar I have told them not only no but hell no. You might as well just take the money you have and burn it for heat. It will provide a better return on investment. On average, a small business start up will fail 50% of the time within a couple years. I haven't looked at the metrics specifically for a restaurant and/or bar but I bet it's closer to 80%. It was over 90%. Like 92% but it's been 8-9 years since I was in college. |
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It was over 90%. Like 92% but it's been 8-9 years since I was in college. View Quote View All Quotes View All Quotes Quoted:
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unless you profoundly love the restaurant business, or have so much money that it doesn't matter, do not open a restaurant under any circumstances. people who are good at restaurants love the business so much that it doesn't matter to them if they go out of business. multiple bankruptcies don't matter. divorce doesn't matter. your kids hating you doesn't matter. putting in 100hr weeks for years doesn't matter. none of it matters, so long as the doors stay open. all the titties in the world won't change the equation. you're either a restaurant person at heart, you have enough money to do it for a tax write-off, or you shouldn't even be considering it. I've started up several small businesses myself and have even published a short paper about starting up a business. Anyone that's ever come to me for advice involving running a restaurant or bar I have told them not only no but hell no. You might as well just take the money you have and burn it for heat. It will provide a better return on investment. On average, a small business start up will fail 50% of the time within a couple years. I haven't looked at the metrics specifically for a restaurant and/or bar but I bet it's closer to 80%. It was over 90%. Like 92% but it's been 8-9 years since I was in college. Hell. Even longer then that. 12 years? Damn I'm getting old. |
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Isn't that area a very religious area? I would imagine Hooters would get ran right out of town, if they were even given a license to operate there in the first place View Quote View All Quotes View All Quotes Quoted:
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I really wish someone would open one here in Lynchburg,VA. Near Liberty University on Wards road would be nice. Isn't that area a very religious area? I would imagine Hooters would get ran right out of town, if they were even given a license to operate there in the first place the county I live in,the guy who owned the local Harley dealership want to build a hooters next door .county said no.not family oriented. |
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Most of the Hooters I've been to sucked! Oklahoma Cities was the worst! Mediocre food and fat boobless waitresses. The one nearest me off I-40 in Memphis is usually decent however. My son is taking me to a place called Twin Peaks on the Whiskey river down in Louisiana that they just discovered when I go down and visit in a couple of weeks. He said it puts Hooters to shame plus has great food and atmosphere. About 4 years ago we had two Hooters copycats open here and neither lasted 6 months before going belly up.
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I can tell you one thing and this is coming from a guy that's been in restaurants for over forty years. Unless you want to married to your job do not do it. Most fail within a few years . Even chains like Hooters have failures too. The one in my town closed years ago.
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Bull shit. Not saying you can't make better wings at home but $5 is not buying you 3 dozen wings. View Quote View All Quotes View All Quotes Quoted:
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Hooters,tilted kilt and other assorted establishments in the same vein are lame. All aboard! Next stop is loserville This. I only have gone a few times with buddies from work. To this day, it's the only place I've not tipped because of service. Truly the worst service I've every received, or should I say didn't receive. And the wings suck too. But I started frying my own wings, and for 5$ I can buy 3 dozen wings at the grocery store and fry them myself. And not pay 50 cents extra for each shot glass sized cup of bleu cheese. Bull shit. Not saying you can't make better wings at home but $5 is not buying you 3 dozen wings. I must not know how to count, it goes by weight but on average around 5$ gives me a package of 18~ full wings, which is split at the bone to separate the drumette and wingette, yielding 3 dozen wings. |
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Quoted: Most of the Hooters I've been to sucked! Oklahoma Cities was the worst! Mediocre food and fat boobless waitresses. The one nearest me off I-40 in Memphis is usually decent however. My son is taking me to a place called Twin Peaks on the Whiskey river down in Louisiana that they just discovered when I go down and visit in a couple of weeks. He said it puts Hooters to shame plus has great food and atmosphere. About 4 years ago we had two Hooters copycats open here and neither lasted 6 months before going belly up. View Quote |
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Isn't that area a very religious area? I would imagine Hooters would get ran right out of town, if they were even given a license to operate there in the first place View Quote View All Quotes View All Quotes Quoted:
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I really wish someone would open one here in Lynchburg,VA. Near Liberty University on Wards road would be nice. Isn't that area a very religious area? I would imagine Hooters would get ran right out of town, if they were even given a license to operate there in the first place It would still be a good idea. Getting a license would probably be hard though. That area is a nightmare with the traffic but both sides of the road are lined with restaurants that are packed in the evening. Hooters seems to have a stigma about it but most of the Hooters that I have visited were ok. My wife absolutely loves their chicken strips. I took her to one two hours away for Valentines day as a surprise and she loved it. She was extremely happy that I did that for her. |
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This. My current boss opened a small restaurant last year and has regretted it ever since. The food and concept are amazing but he got totally fucked over by a realtor on the location and there was some initial management issues. I doubt it will survive until the end of this year before it closes. The management consulting arm of my current company is advising another local group that wants to start a dave & busters style restaurant and bar and it's not going well either and they haven't even opened lol. You need to have enough cash on hand to realistically float the operations for at least a year or don't even bother trying. I was friends with a local bar owner that I tried to advise a few times because she was a really good friend and they never really listened. They made it I think 8 years before they finally closed with nothing to show for it but empty pockets, broken dreams, and shattered relationships. I've started up several small businesses myself and have even published a short paper about starting up a business. Anyone that's ever come to me for advice involving running a restaurant or bar I have told them not only no but hell no. You might as well just take the money you have and burn it for heat. It will provide a better return on investment. On average, a small business start up will fail 50% of the time within a couple years. I haven't looked at the metrics specifically for a restaurant and/or bar but I bet it's closer to 80%. View Quote View All Quotes View All Quotes Quoted:
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unless you profoundly love the restaurant business, or have so much money that it doesn't matter, do not open a restaurant under any circumstances. people who are good at restaurants love the business so much that it doesn't matter to them if they go out of business. multiple bankruptcies don't matter. divorce doesn't matter. your kids hating you doesn't matter. putting in 100hr weeks for years doesn't matter. none of it matters, so long as the doors stay open. all the titties in the world won't change the equation. you're either a restaurant person at heart, you have enough money to do it for a tax write-off, or you shouldn't even be considering it. I've started up several small businesses myself and have even published a short paper about starting up a business. Anyone that's ever come to me for advice involving running a restaurant or bar I have told them not only no but hell no. You might as well just take the money you have and burn it for heat. It will provide a better return on investment. On average, a small business start up will fail 50% of the time within a couple years. I haven't looked at the metrics specifically for a restaurant and/or bar but I bet it's closer to 80%. It seems like 50% of people start restaurants because "they love food" |
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It seems like 50% of people start restaurants because "they love food" View Quote View All Quotes View All Quotes Quoted:
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unless you profoundly love the restaurant business, or have so much money that it doesn't matter, do not open a restaurant under any circumstances. people who are good at restaurants love the business so much that it doesn't matter to them if they go out of business. multiple bankruptcies don't matter. divorce doesn't matter. your kids hating you doesn't matter. putting in 100hr weeks for years doesn't matter. none of it matters, so long as the doors stay open. all the titties in the world won't change the equation. you're either a restaurant person at heart, you have enough money to do it for a tax write-off, or you shouldn't even be considering it. I've started up several small businesses myself and have even published a short paper about starting up a business. Anyone that's ever come to me for advice involving running a restaurant or bar I have told them not only no but hell no. You might as well just take the money you have and burn it for heat. It will provide a better return on investment. On average, a small business start up will fail 50% of the time within a couple years. I haven't looked at the metrics specifically for a restaurant and/or bar but I bet it's closer to 80%. It seems like 50% of people start restaurants because "they love food" It's funny because working in a restaurant kitchen can make you hate cooking and food. I still enjoy cooking, but cooking in most restaurant kitchens has no soul. It's like building widgets out of Legos. On a high speed assembly line. Only you have to show up early every day and make your own Legos. And you don't get to make your own cool stuff, the boss tells you how many of each Lego and in what order you'll need them. And what the finshed product should look like. Oh yeah, at the end of the day you get to change out all of the food containers, scrub everything down and restock everything. |
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It seems like 50% of people start restaurants because "they love food" View Quote View All Quotes View All Quotes Quoted:
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unless you profoundly love the restaurant business, or have so much money that it doesn't matter, do not open a restaurant under any circumstances. people who are good at restaurants love the business so much that it doesn't matter to them if they go out of business. multiple bankruptcies don't matter. divorce doesn't matter. your kids hating you doesn't matter. putting in 100hr weeks for years doesn't matter. none of it matters, so long as the doors stay open. all the titties in the world won't change the equation. you're either a restaurant person at heart, you have enough money to do it for a tax write-off, or you shouldn't even be considering it. I've started up several small businesses myself and have even published a short paper about starting up a business. Anyone that's ever come to me for advice involving running a restaurant or bar I have told them not only no but hell no. You might as well just take the money you have and burn it for heat. It will provide a better return on investment. On average, a small business start up will fail 50% of the time within a couple years. I haven't looked at the metrics specifically for a restaurant and/or bar but I bet it's closer to 80%. It seems like 50% of people start restaurants because "they love food" A ridiculous number of people open restaurants without knowing anything about the restaurant industry. You wouldn't try to open a mechanic's shop without a knowledge of cars, or try to open an insurance agency without knowing the first damn thing about insurance. But everybody "knows" something about food. Maybe they cook grandma's lasagna for the church pot-luck, and everybody loves it. And that convinces them that they have what it takes to make it in the restaurant business. Or maybe they go out to eat a lot, and see things they don't like at their favorite restaurants, and somehow convince themselves that they could do it better. These places almost always fail. Hospitality management is such a complex subject that Ivy League Cornell University literally offers a degree in it. But somehow, Phil and Barb, the retired plumber and teacher who live next door to you, figure they can learn on the fly and make it work. These are the places that wind up in shocking amounts of debt. |
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Dont know anyone who opened one but a close friend worked at one for over a decade. Was a kitchen manager for ever then moved into management.
Worked his way up to GM of an Ark. store. One day he has a drunk customer chewing his ass for something and one of the waitresses is standing there at his elbow repeating his name over and over and over while the customer is continuing to bitch but louder to drown her out, so she starts to get louder. Finally he snaps and turns and asks her if she can see that he is fucking busy at the moment and to give him a fucking second. She turned around and went directly and called corporate and filed a complaint. He was demoted within a week back to a kitchen manager. He transferred back to his home cities store and stayed long enough to find a new job. |
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Meh, op if you want a sure fire way to have a %50 chance of not closing open a titty bar with a couple of big screens. Booze naked women and some sports on tv...how could you go wrong?
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