How to Make $1.7M/Year in Restaurant Business

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  • เผยแพร่เมื่อ 23 ธ.ค. 2024

ความคิดเห็น • 201

  • @UpFlip
    @UpFlip  2 ปีที่แล้ว +33

    The UpFlip Academy is now live! Learn from the best in the industry, join here: bit.ly/46EmVrK

    • @mohamedh.394
      @mohamedh.394 2 ปีที่แล้ว +1

      This is very interesting. Thank you!

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thanks for watching Mohamed. Are you new to the channel?

    • @omarbm1753
      @omarbm1753 2 ปีที่แล้ว

      Hey UpFlip. I'm in love with your channels and sharing it with all my friends. I thought I saw a video of a general automotive shop..I think the title was "autoshop with 4 employees makes 1 million a year"
      Did that video get taken down? I can't seem to find it

    • @mohamedh.394
      @mohamedh.394 2 ปีที่แล้ว +1

      @@UpFlip I just recently discovered your channel. Awesome content, man. Keep it up.

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +2

      We appreciate you sharing the channel Omar. We have very strict rules on video performance and quality, if the video doesn't meet those rules, we have to take the video down in order to maintain producing quality content. Would you like to see more videos on the automotive industry?

  • @privateequityguy
    @privateequityguy 2 ปีที่แล้ว +492

    *Every family has a legend who breaks all odds, I believe that is you reading this*

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +7

      Thanks for watching MrBreakBadHabits. Do you do any type of motivational speaking? You'd be good at it.

    • @privateequityguy
      @privateequityguy 2 ปีที่แล้ว +9

      @@UpFlipHeh, I'm more into identity shifting so entrepreneurs could actually achieve their goals.

    • @marcelolujan4998
      @marcelolujan4998 2 ปีที่แล้ว +2

      You know it 💪🏽💪🏽

    • @sights3255kamobrin
      @sights3255kamobrin 2 ปีที่แล้ว +2

      Needed to hear this...
      Thank you!!🙌

    • @jonathanlamosao8499
      @jonathanlamosao8499 2 ปีที่แล้ว +3

      I will start my own resto in a year or two, I'll be back here and tell you folks I beat all the odds 👊👍👍👍

  • @Furrylicorice
    @Furrylicorice 2 ปีที่แล้ว +31

    When I was thinking about buying a business I ask advice from every business owner I knew. Best advice was from my sister who owns a tattoo shop in Seattle . “Look at the numbers with a critical eye and know it will be 24/7 of your life for the first few years”
    Bought a FroYo shop a few months before the COVID19 outbreak 😳
    Timing could not been any worse.
    Luckily I have a whatever it takes attitude and now we are doing great .
    Sound advice and being mentally prepared for what it is going to take , are the best first steps to start a successful business.
    Love the Chanel .

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +2

      Thank you for watching and the support Moto. This is great advice. We love your resilience. What are some other things people should be aware of when they first start out in the food servicing industry?

  • @BlueRoseSteakhouse
    @BlueRoseSteakhouse 2 ปีที่แล้ว +20

    Soft openings are so under rated and under utilized. We always do at least three soft openings before our grand opening. First is close friends, family, and loyal customers to test the flow and service systems. Second is invite to select individuals through your service community. Third is a quiet opening where we are open to the public but do not put out any marketing. Each of these allow us to tweak and adjust issues and flaws we find in the design or training.
    I am kind of old school on my operational numbers. I like using spreadsheets and simple pen and paper to keep track of everything. Although we do use a POS that can dig deep into specific numbers when need be.

  • @dejancontent2895
    @dejancontent2895 2 ปีที่แล้ว +29

    What an inspiration this guy! Many people think opening a restaurant is easy and they settle with average. This guy is proof that we can achieve anything if we are focused and dedicated!

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      So true Dejan. Focusing and staying consistent can really make the difference rather someone's business is successful or not😀. Would you ever start a business in this industry?

  • @amandac404
    @amandac404 2 ปีที่แล้ว +15

    I’m opening up a restaurant in about a month and this was so reassuring…. I learned so much! Thank you for asking all the right questions too.

  • @iProHydro
    @iProHydro 2 ปีที่แล้ว +20

    Worked in the restaurant industry. No joke especially when it gets busy.
    Main priority would be taking care of my workers (as well as having bomb food to eat). I do want to open my own restaurant in the near future. Hard work & dedication to anyone who’s on the same path 💪🏼

    • @lalameeralalameera7349
      @lalameeralalameera7349 ปีที่แล้ว

      You will not have any social life as you will be slave for work

  • @lukewarmwater2235
    @lukewarmwater2235 ปีที่แล้ว +3

    One of the best episodes. I watched it multiple times. Very informative. I just have a small food cart for now, striving for something like this.

    • @UpFlip
      @UpFlip  ปีที่แล้ว

      Glad it was helpful! Thank you for your feedback!

  • @rociorojas618
    @rociorojas618 2 ปีที่แล้ว +13

    I'm Peruvian and I was unaware of the success of Peruvian food in the United States until I saw a documentary on National Geographic about the boom of Peruvian dishes like "ceviche" love from Peru.

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +1

      Thanks for supporting the channel Rocio! What’s the best dishes to try?

    • @digitalmarketerseomaster7968
      @digitalmarketerseomaster7968 2 ปีที่แล้ว +1

      Are you looking employees?

  • @stellasaturnino7203
    @stellasaturnino7203 2 ปีที่แล้ว +8

    This is the best business channel, very informative!!!more power👏👏👏

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      🙌We appreciate that Stella. Thanks for watching. Are you new to the channel?

  • @eliaschevette
    @eliaschevette ปีที่แล้ว +3

    This guy is living proof that systems are more important that good food. I was there when he use to do social media advertise events with the Seattle Latin groups in town. The food was terrible. Peruvian food is amazing and so unique on it's flavors but his was bland. I was one of the ones that said this guy is going nowhere. He is not a cook at all. But he stuck with it keep developing the concept and he is doing great. Even the food got better. I don't want to sound mean or be hateful to him. If anything I'm saying he is a great business owner. That's the key restaurants need great business owners not chefs or bartenders owning them. Don't let the lack of flavor talent keep you from opening your concept.

  • @izzyreina
    @izzyreina ปีที่แล้ว +1

    Awesome video. I'm watching this because I'm a Business Strategy student currently taking an Entrepreneurship class, and I have the task of writing a whole business plan for a restaurant. I'm totally unfamiliar with the restaurant industry and I'm trying to gain as much information as I can about the "typical" operations of a restaurant. I love Carlo's passion. Thanks for the video.

    • @UpFlip
      @UpFlip  ปีที่แล้ว

      Glad it was helpful! Thank you for watching! ❤

  • @sahilsingh3218
    @sahilsingh3218 2 ปีที่แล้ว +6

    Please make a video on a Indian food truck , what they serve , what's the process for the licensing and other documents. How much time it takes for total documentation and how much minimum funds are needed to start a food truck.
    Keep vlogging , I love this channel. 😊

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +2

      Thank you Sahil! We’ll keep this in mind!😃Is this a business you’re looking to get into?

    • @mabdulmateen
      @mabdulmateen 2 ปีที่แล้ว +1

      @@UpFlip is something I would want to start. and I think it's better to start with a food truck because a restaurant can get overwhelming since it's on a larger scale. a food truck can be like a crash course

    • @jperin001
      @jperin001 2 ปีที่แล้ว +2

      Totally a great idea! I love Indian food, and always thought a great idea for a food truck would be Indian burritos. Hell yeah!

  • @tonyrogers4555
    @tonyrogers4555 2 ปีที่แล้ว +6

    I am looking to follow my dream and open a restaurant concept I have been sitting on for ten years now. So thank you both for the insight. Greatly appreciated 👍

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      You can do it Tony. 💪Keep taking steps toward your dreams and they will turn out just as you imagine they will. We're glad the video was helpful. What type of restaurant are you looking to open?

    • @digitalmarketerseomaster7968
      @digitalmarketerseomaster7968 2 ปีที่แล้ว

      You looking employees you can talk me

    • @victorramirez7343
      @victorramirez7343 2 ปีที่แล้ว +1

      If your credit is right you can obtain start up funding ASAP Tony and get the capitol needed to start your business

  • @Joshua.dean955
    @Joshua.dean955 2 ปีที่แล้ว +2

    i agree with soft opening, i am a head chef, we did a week long soft open.
    we were able to take feed back to improve our food, we had issues with our systems which if we were fully open we would of been stuffed, we had issues with menulog which are now fixed but we lost close to $10k 'aud'.

    • @mardyra
      @mardyra ปีที่แล้ว

      Hello there. Do you mind detailing how you lost $10k during soft opening relating to your systems? much appreciated. I'm currently doing a business plan for my future restaurant and could use every bit of advice I could get. Thank you in advance

    • @Joshua.dean955
      @Joshua.dean955 11 หลายเดือนก่อน

      @@mardyra hey,
      Sorry for late reply!!
      Our issues we were having was with our online delivery service ‘Menulog’ we had worked out the average over 10 weeks and had found out we were losing 3000$ a day if we had issues with Menulog. As we were a takeaway only shop ‘which I was strongly against’ and a mix of owners that had no idea how to run a restaurant and wouldn’t listen to any feedback I had to improve or save money also spent a lot of money keeping 25 year+ equipment working and just buying stuff that wasn’t necessary when they didn’t have the funds to support it, I am a strong believer that should should be able to buy something 5 times or so before you buy one. The restaurant lasted 13 months I had left after 8 months cause I have a family to support and had established the business would only last 6 more months. My biggest tip is listen to the people around you, you will miss stuff that others will see. Cost your menu Items with a buffer cause food prices are only going up!!! Most importantly LOCATION is extremely important!!

  • @HamzaAmir
    @HamzaAmir ปีที่แล้ว

    This is gold! Must watch for all restaurant owners

  • @007stuntman3
    @007stuntman3 10 หลายเดือนก่อน

    Thanks for the information, I especially enjoyed the tip about Tip Pooling, great idea...

  • @Caraworking
    @Caraworking ปีที่แล้ว

    You asked such incredible questions. Thank you so much!

  • @ipospointofsalesystem
    @ipospointofsalesystem 3 หลายเดือนก่อน

    This is inspiring for everyone out there looking to start a food business 👏🏻👏🏻👏🏻

    • @UpFlip
      @UpFlip  3 หลายเดือนก่อน

      It's amazing how these stories can spark motivation for anyone dreaming of starting their own food business. 🙏

  • @darioxbrow9223
    @darioxbrow9223 2 ปีที่แล้ว +11

    The most valuable key I've taken away from the video is to delegate your work to different people so that you don't get headaches. Another one is advertising, which can be done on your own if you know what you're doing or you can have someone take care of it

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +3

      You got some great points in Dario. Thanks again for watching. Would you ever open a restaurant?

    • @darioxbrow9223
      @darioxbrow9223 2 ปีที่แล้ว +1

      @@UpFlip no not an option for me. I'm not a foodie ahhahah

  • @thechampionsplaybook
    @thechampionsplaybook 2 ปีที่แล้ว +1

    The location question was really good because that is something that most businesses owners don’t think about but it’s really important to your businesses success. He researched the right business location a corner he believed in powerful information 📝.

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +2

      We couldn't agree more The Champions Playbook.😀 Location can literally make or break a business depending on the industry. Would you ever start this type of business?

    • @thechampionsplaybook
      @thechampionsplaybook 2 ปีที่แล้ว

      @@UpFlip most definitely we believe restaurants are one of the amazing treasures that exist on this planet 🌎 earth. So coming to your TH-cam channel and learning as much as possible about the restaurant business is key 🔑 as we sharpen our business and get everything put together for long term success.
      We have some really incredible ideas for our restaurant 😎

  • @ScatPack123
    @ScatPack123 2 ปีที่แล้ว +1

    Wow, this video is so underrated! Television quality!

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thanks for watching Oliver. We're so glad you enjoyed. 😀Have you seen any of our other content on the channel?

    • @ScatPack123
      @ScatPack123 2 ปีที่แล้ว

      @@UpFlip of course! Ive been watching for a couple months!

  • @luxurydoll6007
    @luxurydoll6007 6 หลายเดือนก่อน

    Opening my restaurant this information was so informative ❤

  • @jperin001
    @jperin001 2 ปีที่แล้ว +1

    Great candid interview, as always!

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      We appreciate that jperin001! What other types of business would you like to see on the channel?

    • @lalameeralalameera7349
      @lalameeralalameera7349 ปีที่แล้ว

      ​@@UpFlip I have seen a video in which virtual kitchen is operating 12 different restaurant of Chinese, Philippines, Singaporean, etc restuarant in one outlet and getting orders online and the delivery boy is delivering the food

  • @daviddiaz1988
    @daviddiaz1988 2 ปีที่แล้ว +1

    Carlo Calisea: Que chevere que estés dando a conocer a mas personas nuestra comida, que orgullo siento que un peruano triunfe por allá, felicitaciones mi hermano.

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +1

      Thanks for watching David. Are you in the restaurant business?

    • @daviddiaz1988
      @daviddiaz1988 2 ปีที่แล้ว +2

      @@UpFlip no I am just a proud peruvian.

  • @infiniteaaron
    @infiniteaaron 2 ปีที่แล้ว +2

    I love the "hack interrupt!" Great idea to make us wait to hear the tip. Thank you for another awesome video!

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +1

      Our pleasure Resistakill! Thanks for watching. What tips did you get that you'd like to share with the other viewers?

    • @infiniteaaron
      @infiniteaaron 2 ปีที่แล้ว +2

      @@UpFlip I’ll have to rewatch. I didn’t really hold onto anything since I don’t ever plan to make a restaurant.

  • @kw6193
    @kw6193 2 ปีที่แล้ว +3

    Still the best channel on TH-cam!

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thank you K W! You're awesome!😁 Did you enjoy the video?

  • @CaptainPlanet007
    @CaptainPlanet007 ปีที่แล้ว

    As always great episode 👏🏼

    • @UpFlip
      @UpFlip  ปีที่แล้ว

      Thank you! Do you have a business topic you want to see next on the channel? 🤔

    • @CaptainPlanet007
      @CaptainPlanet007 ปีที่แล้ว

      @@UpFlip Yes! Many owners talked about the day to day operation of a restaurant but not many discuss about the bigger scope of what it takes to make it.
      Is it location? Concept? Community?
      It must have all three!
      Location? The concept must cater to the community?
      I’ve seen many restaurants failed that served great quality foods. Why??

  • @SigiCoria-cd9vg
    @SigiCoria-cd9vg ปีที่แล้ว

    Please do some more on restauranteurship ❤

  • @nicolew.7667
    @nicolew.7667 2 ปีที่แล้ว

    Great info!! Thank you!!

  • @Therealrambo23
    @Therealrambo23 ปีที่แล้ว

    Thanks for this information… amazing incite

    • @UpFlip
      @UpFlip  ปีที่แล้ว

      Glad it was helpful! Were you inspired to start your own restaurant business? ☺️

  • @law4853
    @law4853 2 ปีที่แล้ว +5

    oh man.. as a small restaurant owner myself his headache on inflation is right on the dot.. we took pork off our menu because the prices just didn't make sense anymore.. was 1.30lb then 2.30 then back to 1.40 and now its over 2 again all this within months and the last jump was just Dec to mid Jan. During shelter in place we just straight closed since the beef we were using went almost 300% , chicken went up 200%, pork 200%.. there was no reason to even open. The price fluctuations in recent times have been ridiculous and sometimes adjusting to them just isn't possible. The prices on our menu are high and I feel I have to pivot now to a very different menu because I priced myself out of my original concept, It feels like shit so I have to adapt and hopefully get back to my original concept.

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +1

      Thanks for watching law. Sometimes it can be challenging to adapt but things will get better, just stay consistent with your passion. How long have you been in the restaurant business?

    • @law4853
      @law4853 2 ปีที่แล้ว +1

      @@UpFlip little over 5 years myself but almost 6 months was closed because of covid issues (family has always been in restaurant industry). It was a very slow start because our location is rather terrible, practically 0 foot traffic. Took us about 2 1/2 years to finally hit our tipping point and luckily I saved a ton at that point because 6 months ish later covid hit. We do what we can now and try to adapt as much as possible and can only hope customers are understanding but sometimes we just can't help it. We plan on doing a massive menu change in the coming month or so and hope it works out. Working out profit margins while at the same time lowering price point with what I personally feel is better presented both visually and priced appropriately even in these inflated times.

    • @digitalmarketerseomaster7968
      @digitalmarketerseomaster7968 2 ปีที่แล้ว

      Are you looking employees?

    • @victorramirez7343
      @victorramirez7343 2 ปีที่แล้ว

      Price inflations are some of the downsides of the business , I admire how organized and structured you are business wise you’ve got all your percentages accurately down to a T when online can I check your small restaurant bro and what type of cuisine is it ?

  • @silverrossgroup642
    @silverrossgroup642 2 ปีที่แล้ว +1

    Saqib From
    Canada Ontario Toronto
    Need help on how to open pizza shop or fried chicken shop.
    Please interview some business owner that can share how to begihn fried chicken or pizza shop.
    I would like to know is it easy to open up small shop with a small brand and how it can be successful with the big brands in the business.

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thank you for the feedback Saqib. 😀We'll be on the lookout for good pizza and chicken restaurants. You can always start researching companies in your area as well that sell similar products to get an idea of how things are running. Have you started a business plan?

  • @geoffl
    @geoffl 2 หลายเดือนก่อน

    I know Carlo, he's a great guy. Checkout Don Lucho's and Baila Bar!

  • @mattgeerts1466
    @mattgeerts1466 2 ปีที่แล้ว +4

    I think I'd like this channel if it focused more on profit than revenue. Revenue is purely irrelevant on its own. Profit gets buried in the videos somewhere.
    I hope that's useful feedback. Revenue makes more clicks, though!

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      We welcome all feedback Matt! 😀 We feel both are important as you can't have one without the other. Do you think there's a way we can place focus on both?

    • @mattgeerts1466
      @mattgeerts1466 2 ปีที่แล้ว +1

      @@UpFlip Thanks for the reply! I think you could retain the clickbait AND add value by saying "Bringing in a revenue of $250,000, profiting $75,000" - like just fire off the profit every time you say the revenue. As a person who actually runs a business and wants to build more I think it would be much more engaging and help me get excited about the business being featured.

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      @@mattgeerts1466 Matt thanks for the feedback. It wont be possible because that will make the titles way too long, the shorter they are the better they do. We always ask about their profit margins though ;)

    • @mattgeerts1466
      @mattgeerts1466 2 ปีที่แล้ว +2

      @@UpFlip oh I get it, not in the title. At least not burried 3/4 through a video would be nice, and it wouldn't hurt to just make it a habit to say both at once rather than talking about revenue many times and only mentioning profit once.
      I'm not telling you how to do your job, I'm telling you why as a viewer I click away from your videos or skim through them. I'd be much more engaged to know if the person I'm sitting here learning from is even doing a good job, and revenue is not an indicator of that to me.
      Thanks for the dialogue!

  • @TejTalks
    @TejTalks 2 ปีที่แล้ว

    Great interview

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +1

      Thank you Tej Talks Property. The restaurant industry will always be in demand in one way or the other. 😀 What other types of businesses would you like to see on the channel?

  • @clayreacts
    @clayreacts 2 ปีที่แล้ว

    Thank you for sharing!!! :)

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      No problem Clay.😊 Thanks for watching. Are you currently in the restaurant business?

    • @clayreacts
      @clayreacts 2 ปีที่แล้ว

      @@UpFlip I was for several years, had 2 locations open. Closed for Covid, will reopen something new in the coming years :)

  • @minoX6
    @minoX6 ปีที่แล้ว

    how much fund you need more or less to start?

    • @balex556
      @balex556 ปีที่แล้ว

      Do you wanna start

  • @dfunk5000
    @dfunk5000 2 ปีที่แล้ว +1

    Go Peru 😍

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      😀Thanks for watching home 1624. Are you new to the channel?

  • @BeThouWhole
    @BeThouWhole ปีที่แล้ว

    Does tip pooling really work? I would hate that. If a server isn't pulling their weight and I am bringing in bigger tips that doesn't seem fair either.

    • @UpFlip
      @UpFlip  ปีที่แล้ว

      Makes sense. Tip pooling can be beneficial for servers who may not receive as many high-paying tables or who are new to the industry, as they can benefit from the pooled tips.

    • @BeThouWhole
      @BeThouWhole ปีที่แล้ว

      @@UpFlip I get that, but how do you keep experienced servers who have worked hard for their experience and tips who have to then share happy? How do you keep servers from slacking off knowing their tips will be subsidized by harder workers? I'm genuinely considering this as an option. But I can see getting discouraged if I had to share my tips and felt not everyone was pulling the same weight

  • @hasanhussein6700
    @hasanhussein6700 2 ปีที่แล้ว

    Looking to start in chicago

  • @SimplyTastyCo
    @SimplyTastyCo 2 ปีที่แล้ว

    I love the blitz questions

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thanks for watching Simply Tasty. Have you checked out any of our other videos?

  • @Metalstuddom
    @Metalstuddom 2 ปีที่แล้ว +1

    I am really curious about the net profit of this place also, Is clover the POS system as well or?

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      It really depends on the time of year The Cash Flow. The POS may be clover as well. Are you new to the channel?

    • @anthonycaruso3688
      @anthonycaruso3688 2 ปีที่แล้ว

      Restaurant profit margin is approximately 3-6%

    • @Metalstuddom
      @Metalstuddom 2 ปีที่แล้ว

      @@anthonycaruso3688
      😱😱😱 3% net oh my goodness i hope not!

  • @mescnick
    @mescnick ปีที่แล้ว

    Watching

  • @carloscarter2416
    @carloscarter2416 ปีที่แล้ว +1

    He's winning $140 thousand a month is good

  • @Jdgarcia19866
    @Jdgarcia19866 11 หลายเดือนก่อน

    can any one recomend a webuilder and any one handling social media

    • @abdulazeemomotosho8933
      @abdulazeemomotosho8933 หลายเดือนก่อน

      I am not sure if you still need help with this. But I know someone who can help.

  • @souled4542
    @souled4542 2 ปีที่แล้ว +2

    How many people here are opening a restaurant?

  • @dabbking
    @dabbking ปีที่แล้ว

    Good food too

  • @Yukyuk96
    @Yukyuk96 ปีที่แล้ว

    What's the profit though

    • @UpFlip
      @UpFlip  ปีที่แล้ว

      To learn more about it, please keep on watching! ☺️

  • @SageOfEchoes
    @SageOfEchoes 2 ปีที่แล้ว +3

    Headline reminds me of a joke I heard once: How do you make a million dollars in the restaurant business? Start with two million.

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Interesting Josh. Are you currently in the restaurant business? Do you think it's really possible to make it in this industry without a high amount of startup?

    • @SageOfEchoes
      @SageOfEchoes 2 ปีที่แล้ว +1

      @@UpFlip The joke is that if you start with two million, you’ll end up with one million because restaurants are awful businesses.

    • @coltsgood99
      @coltsgood99 2 ปีที่แล้ว

      @@SageOfEchoes He understood the joke, that’s why he asked you if you think it’s actually like that or not

    • @SageOfEchoes
      @SageOfEchoes 2 ปีที่แล้ว

      @@coltsgood99I wish it was that easy. Too many variables to consider on a case by case basis although I’ve personally seen too many businesses open without doing a break even analysis and cash flow projection.

  • @oso284
    @oso284 4 หลายเดือนก่อน

    I wanted to see videos where there’s no commercials I hate

  • @RichardSaling
    @RichardSaling 7 หลายเดือนก่อน +1

    I love the shirts and have bought several. Want to really help veterans? stop calling it suicide prevention, and call it Helping Veterans Living a Better Life. What will help even more? Visiting and spending time with vets who are having negative thoughts.

  • @achrafhammadi3490
    @achrafhammadi3490 2 ปีที่แล้ว

    Great

  • @attainvictory
    @attainvictory 2 ปีที่แล้ว +2

    Can you do one on a CBD business?

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +1

      This is a possibility, Adam. Are you currently in the CBD business?

    • @attainvictory
      @attainvictory 2 ปีที่แล้ว

      @@UpFlip I am! The name is Santa Fe CBD.

    • @lokithesecondII
      @lokithesecondII 2 ปีที่แล้ว

      @@UpFlip Would love this as I'm in the early stages of creating a CBD business, would be so useful!

  • @anthonycotos8535
    @anthonycotos8535 2 ปีที่แล้ว +1

    peruvian food = succes

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Yes, it's delicious Anthony. Are you new to the channel?

  • @siyandangozo
    @siyandangozo 2 ปีที่แล้ว

    Can you please do an interview on how to run a convince store

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Sure Siyanda, we'll keep this is mind. Are you currently in the convenience store business or thinking of getting into it?

    • @siyandangozo
      @siyandangozo 2 ปีที่แล้ว

      @@UpFlip yes I am thinking of getting into the convince store sector

  • @marcustucker9911
    @marcustucker9911 ปีที่แล้ว

    Is this how much the guy's salary is or is it just how much the Restaurant gets?

  • @danf4447
    @danf4447 ปีที่แล้ว

    well since most restaurants net about 5% margins thats what about 85K ? to share with investors to service loans? who cares what you gross? that is immiterial !!! if you can prove a net 10-15% now you have something!! dont mislead people!

  • @AmericanDemocracy1
    @AmericanDemocracy1 2 ปีที่แล้ว

    This guy is awesome

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      He's a great guy. 🙂What type of business are you in TeKeni?

    • @AmericanDemocracy1
      @AmericanDemocracy1 2 ปีที่แล้ว

      @@UpFlip business development

  • @AustinChurch95
    @AustinChurch95 2 ปีที่แล้ว +2

    1.7M not 1.7K

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thanks for watching Austin. $140,000 per month depending on business, sales, etc. Did you enjoy the video?

  • @themissingtile2828
    @themissingtile2828 2 ปีที่แล้ว +2

    $1.7M?! Wow. Congratulations. I always hear that restaurants have such low profit margins.

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      We appreciate your feedback The Missing Tile. It depends on the restaurant. Would you ever get into an industry such as this?

    • @yellowboat8773
      @yellowboat8773 2 ปีที่แล้ว +4

      It's 1.7m in revenue, not profit....

    • @amishbhadwa7104
      @amishbhadwa7104 2 ปีที่แล้ว +1

      @@yellowboat8773 what's the Profit

    • @sagarPandya24
      @sagarPandya24 2 ปีที่แล้ว

      @@amishbhadwa7104 60 - 80k i think

  • @yellowboat8773
    @yellowboat8773 2 ปีที่แล้ว +1

    I really wish you would stop marketing business success in revenue. Revenue does not mean everything. If I make $1m in revenue but have $1m in expenses then the business is a failure

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thanks for the feedback Tommy. Revenue is just one part of a business. Have you checked out our latest video?

    • @yellowboat8773
      @yellowboat8773 2 ปีที่แล้ว

      @@UpFlip I understand though that most businesses probably don't want to talk about profit, so makes it hard for you to make a video on their successes

  • @TheEthicalHustler
    @TheEthicalHustler 2 ปีที่แล้ว +1

    Can we not exaggerate 1.7m in revenue.... if I make 100m a year in revenue but my costs to do business are 99.99m I made like 30k after tax - the way you discuss the health of this healthy business is mis guiding lol

  • @Meowskatools
    @Meowskatools 2 ปีที่แล้ว +1

    What happened to the mechanic one?!

    • @BiggzDeArtistofficial
      @BiggzDeArtistofficial 2 ปีที่แล้ว

      Yup I was looking for that video

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว +1

      Thanks for watching Eksfitness. We have very strict rules on video performance and quality, if the video doesn't meet those rules, we have to take the video down in order to maintain producing quality content. Would you like to see more videos in the automotive field?

    • @Meowskatools
      @Meowskatools 2 ปีที่แล้ว

      @@UpFlip yes! That would amazing! Was a decent video, understandable to take it down if it’s not up to par. But an automotive/mechanic take would be awesome! Thanks for the reply! Always watching!

  • @justinbeaver3
    @justinbeaver3 2 ปีที่แล้ว +1

    I would like restaurants to pay a livable wage, I'm tired of working myself to death and still not being able to pay rent.

  • @Cesarrr45-23fdf
    @Cesarrr45-23fdf 2 ปีที่แล้ว +2

    🙌🏽

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thanks for watching Cesar. Did you enjoy the video?

  • @kellumcoleman9995
    @kellumcoleman9995 2 ปีที่แล้ว +1

    Can you do a massage therapy business?

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      We'll Keep this in mind Kellum! Are you currently in this industry?

  • @TheStudio194
    @TheStudio194 2 ปีที่แล้ว

    I own a recording studio if you guys ever want to do a video about our industry.
    Studio 194

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Send us over an email Studio. How long have you been in the business?

    • @TheStudio194
      @TheStudio194 2 ปีที่แล้ว

      @@UpFlip 2 yrs

  • @godbluffvdgg
    @godbluffvdgg 2 ปีที่แล้ว

    Worst business in the world...Best business; Open a pizza/steak shop in the philly area...Have good food, and you'll make a lot of money...

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thanks for watching Rob. Are you in the restaurant business?

    • @godbluffvdgg
      @godbluffvdgg 2 ปีที่แล้ว

      @@UpFlip Nope but, I've been building and remodeling them for 30 years... I've known quite a few...Seattle, where that restaurant is located, is night and day to here on the east coast...The competition is Fierce.. When the economy pauses or long stretches of cold or HOT weather occur...Those bills pile up... Statistics bear out that it's one of the worst businesses to own. But I hope they found a nice niche...

  • @Budugovorit
    @Budugovorit 2 ปีที่แล้ว +1

    Don't fool people, it's not good. It's not a "restaurant" it's a parody of a restaurant.

  • @Androidtcl-p4j
    @Androidtcl-p4j 3 หลายเดือนก่อน

    Why does he look high

  • @DNAMusicsong
    @DNAMusicsong 2 ปีที่แล้ว

    Anyone want to design a website for your restaurant, I will design Free as a help

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      Thanks for watching All in All. Is your business website creation?

    • @DNAMusicsong
      @DNAMusicsong 2 ปีที่แล้ว

      @@UpFlip Yes bro as a freelancer. anyone around your circle who want to design a website for Free?

    • @fabriciofarfan6557
      @fabriciofarfan6557 2 ปีที่แล้ว

      @@DNAMusicsong hey I need help for my restaurant

  • @darioxbrow9223
    @darioxbrow9223 2 ปีที่แล้ว

    Kick myself in the head
    Bring it down to the t 16:25
    Dialed in 16:28

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      The restaurant industry can be very exciting. Did you enjoy the video?

  • @hotdude655
    @hotdude655 2 ปีที่แล้ว

    So after all the costs and the tax man he isn't taking home 1.7 so not even half that.

    • @anthonycaruso3688
      @anthonycaruso3688 2 ปีที่แล้ว +1

      Moron, He has to pay for food, equipment, salaries, insurance. Restaurant profit margin is approximately 3-6%

    • @UpFlip
      @UpFlip  2 ปีที่แล้ว

      The take home can vary Bat Man. When your doing your passion a lot of times numbers aren't the first feeling of success. What type of industry are you currently in?

  • @domeskeetz
    @domeskeetz ปีที่แล้ว

    Did not enjoy this host at all. He cut the owner off multiple times, didn't have a great vibe. I enjoyed the other host more.

    • @UpFlip
      @UpFlip  ปีที่แล้ว +1

      We appreciate your feedback and we'll look into this. Thank you.

    • @domeskeetz
      @domeskeetz ปีที่แล้ว

      @@UpFlip I appreciate the content!

  • @BiggzDeArtistofficial
    @BiggzDeArtistofficial 2 ปีที่แล้ว

    How to run a successful tree care company ????!!!