Great run down. The biggest thing to take from this in my opinion is that any numbers you get just assume they are garbage. Get a clicker and spend a week or so counting customers over day parts and the median menu price. I personally like buying store fronts that are closing or looking to retire. If their foot print works for one of our concepts with a little tweaking we will spend time dissecting it. Fresh build outs are awesome but the overall cost is brutal. Good luck everyone jumping in. It’s a hard but rewarding adventure
These are all great tips. Especially the equipment purchases. One question I ask is, is the equipments going to handle your new menu. Is the equipment going to be able to put out enough product to to be profitable? They are 2 separate questions. Best thing I tell people, come up with your concept, now cost it out down to the penny and make it profitable on paper. Call venders, lay out all of your recipes, cost them out to the ounce. cost out tables, chairs, lenin, waste disposal, insurance,HR costs, accounting costs, Labor costs, training costs, everything. Storage costs, electrical, equipment, sanitation chemicals, smallwares, location, traffic counts (Use statistical analysis ) traffic direction, websites, marketing. Customer safety cost, security, fire suppression, alarm companies. Licenses, abc inspections, taxes. This is not an exhaustive list. Now, calculate how much all of your recipes cost. cost out how much inventory you need on hand to operate for a month. Now, using your recipes, how much and how many of each of you items are you going to have to sell to turn over your inventory 1 time. How much profit do you make off of your inventory turning 1 time. Play with it all in spreadsheet untill you can make it profitable. You might not be able too. You will need to make changes maybe all the way down to the core concept. Happy spreadsheeting.
that is the EXACT reason, I am going through the comments. Because I either missed something or she didn't explain it. I'm not trying to be rude, I just don't recall hearing that...
Hi, I was going to ask a question: What do you think of leasing a space that used to be a restaurant? The hood is there, kitchen (without equipment), it has a bar, flooring, bathrooms. Essentially it is ready to be a restaurant, you just need all the cooking equipment, tables and bar equipment. The cost is 0 upfront, just the monthly lease. For a 3700 sq foot place, the starting price is about 6000 per month including taxes.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app.
Hello good day to you I see some businesses tell you one dollar to open up by the business can you do a video on there and explain the details because I’m starting with no money what is likely to be the issues and challenges to attain that type of restaurant
Yes, restaurant's are opened with as little as deposit + rent, + utility deposits. Unfortunately, you need 2 months rent, as a minimum. These local restaurant, suffer a slow death. three have failed.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app.
Remember the time consumption to gain popularity ...it takes 2 until 5 years to make ur resto Popular and open the Resto consistently every single day without fail and try to have another income settlement to subsidized your daily need and expenses for the first 2 years and focus ....dont look back ...dont look right or left ...just look and listen to the things that you need to Improved on all aspects
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app.
WOW! Thank you for the information, I found a bar restaurant in a small town for 85,000 but it looks like it needs most of the cooking and cooling equipment not to mention the silverware can you please shed some light here? 😅
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app.
When you say the restaurant for sale do you mean that it's for sale or can it also be for lease or rent the reason why I'm asking is I'm looking at a rental property and used to be a restaurant it's still is a restaurant but the owners are no longer renting it and I want to take it over can I still use that same process please get back to me at your earliest convenience
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app.
I'm interested in opening a fried chicken business. I want to test it out at a local farmers market as a vendor. Get feedback and improve. What you think about that before going bigger
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app.
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app.
Thank you very much for sharing your knowledge and experience. This is very useful for those who are keen to open the restaurant.
So nice of you
Great run down. The biggest thing to take from this in my opinion is that any numbers you get just assume they are garbage. Get a clicker and spend a week or so counting customers over day parts and the median menu price. I personally like buying store fronts that are closing or looking to retire. If their foot print works for one of our concepts with a little tweaking we will spend time dissecting it. Fresh build outs are awesome but the overall cost is brutal. Good luck everyone jumping in. It’s a hard but rewarding adventure
These are all great tips. Especially the equipment purchases. One question I ask is, is the equipments going to handle your new menu. Is the equipment going to be able to put out enough product to to be profitable? They are 2 separate questions.
Best thing I tell people, come up with your concept, now cost it out down to the penny and make it profitable on paper. Call venders, lay out all of your recipes, cost them out to the ounce. cost out tables, chairs, lenin, waste disposal, insurance,HR costs, accounting costs, Labor costs, training costs, everything. Storage costs, electrical, equipment, sanitation chemicals, smallwares, location, traffic counts (Use statistical analysis ) traffic direction, websites, marketing. Customer safety cost, security, fire suppression, alarm companies. Licenses, abc inspections, taxes. This is not an exhaustive list.
Now, calculate how much all of your recipes cost. cost out how much inventory you need on hand to operate for a month. Now, using your recipes, how much and how many of each of you items are you going to have to sell to turn over your inventory 1 time. How much profit do you make off of your inventory turning 1 time. Play with it all in spreadsheet untill you can make it profitable. You might not be able too. You will need to make changes maybe all the way down to the core concept. Happy spreadsheeting.
So much great information. My husband and I are looking to open our first restaurant when he retires from the military in 4 months.
Oh that’s wonderful!
You are a boss when it comes to clearly explaining this.
Well done, very informative and personally I feel the most honest and educated advice here on YT in this category.
Thank you..I am living here for 9months but I don't like to be Employee all my life. And thanx it helps me to understand
All the best 🙏
I'm not understanding how to go in 'Without' money part. All I understand is you do.. please help me understand that part. Ty
The Best coment😅
that is the EXACT reason, I am going through the comments. Because I either missed something or she didn't explain it. I'm not trying to be rude, I just don't recall hearing that...
Watching from Anguilla I'll be visiting San Antonio !!! nice stay safe and all the best.
I appreciate you leaving a comment, Hazel. I hope you drop by our restaurant in the San Antonio area, Mattenga's Pizzeria. :)
Oh my goodness!! I'm so happy I found your channel!!!!Thank you so much for the wonderful advice!
You are so welcome!
Can you tell us how to get funding without personal credit
So much very good information, thank you!
It’s so helping planning to start my restaurant in london
Thank you. Good luck on your business planning. 🙏
Thank you for sharing your insights
You're very welcome! Glad you found the insights helpful. 😊 Keep up the great work!
Madam, next year I ll b in Canada with pr on that time i ll need your guides to open restaurant business.
Hi, I was going to ask a question:
What do you think of leasing a space that used to be a restaurant? The hood is there, kitchen (without equipment), it has a bar, flooring, bathrooms. Essentially it is ready to be a restaurant, you just need all the cooking equipment, tables and bar equipment. The cost is 0 upfront, just the monthly lease. For a 3700 sq foot place, the starting price is about 6000 per month including taxes.
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
How did it go Khalid? I hope you did good.
you are never EVER going to open a restaurant with NO money. Impossible.
Thank you for the sample info in the video content.
Can you provide more information on what the restaurant sign process entails?
Good job Mrs
Hello good day to you I see some businesses tell you one dollar to open up by the business can you do a video on there and explain the details because I’m starting with no money what is likely to be the issues and challenges to attain that type of restaurant
Thank you!
This is good video I am impressed thanks
Thanks to you, Ali.
This is my dream to open a 🇯🇲 Jamaican restaurant. But cost is a deterrence
Oh that's wonderful! I love Jamaican food. Your dream will be a reality one day :)
Same…..🇯🇲 restaurant in Tennessee
Same here🇯🇲 SA,TX
Big ups
Grants! Apply, apply, apply!
Yes, restaurant's are opened with as little as deposit + rent, + utility deposits. Unfortunately, you need 2 months rent, as a minimum. These local restaurant, suffer a slow death. three have failed.
can you make a video on how to do a Profit and loss statement fora month of sales.
This was going thank you
This is great, thank you so much!
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
Thank you Amy Farah Fowler
Thank you so much you inspired me 🤙🤙❤️
Happy to hear that! 🙏
Remember the time consumption to gain popularity ...it takes 2 until 5 years to make ur resto Popular and open the Resto consistently every single day without fail and try to have another income settlement to subsidized your daily need and expenses for the first 2 years and focus ....dont look back ...dont look right or left ...just look and listen to the things that you need to Improved on all aspects
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
What about renting a turn key ready restaurant?
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
WOW! Thank you for the information, I found a bar restaurant in a small town for 85,000 but it looks like it needs most of the cooking and cooling equipment not to mention the silverware can you please shed some light here? 😅
Wow. Same. How did it go? Hope you made it!!
How did you get your funding?
Thanks.
You're welcome! Thank you for watching! 🙏
thank you
You're welcome
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app
Very nice, thanks
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
When you say the restaurant for sale do you mean that it's for sale or can it also be for lease or rent the reason why I'm asking is I'm looking at a rental property and used to be a restaurant it's still is a restaurant but the owners are no longer renting it and I want to take it over can I still use that same process please get back to me at your earliest convenience
Me to awant to start a restaurant
how i calculate the p l in my resto? using a software?
you are the best!!!!!!
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
@@Zo-hc2fn location? maxrai16@hotmail.com
@@massi8231 to be honest with you, I haven't opened eating-spots,
I am only sharing the concept
@@Zo-hc2fn happy to join you with the project !
if you ll need an associate do not hesitate to contact me by email
@@massi8231 thank you
Very obvious. I totally missed the no money because it's not there
the website isnt working !
I'm interested in opening a fried chicken business. I want to test it out at a local farmers market as a vendor. Get feedback and improve. What you think about that before going bigger
Smart idea
Cooking is not my passion but I have a dream to open a restaurant. what can you recommend me? Thank you.
I would run your restaurant and just hire good chefs to create foods for you
Where I will get money
I know the answer to the no money part
is related to PBD?
Wish! He is our business coach and he is incredible 😂
How I make restaurant without money'
I want to own a restaurant
That’s awesome! Owning a restaurant is an exciting journey. With the right mindset, passion, and planning, you can make it happen!
Neat
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
Do you need business degree
I really found this video insightful 👍👍👍 I got inspired by you👆 you are my goddess 🙏🙏
I am thinking about a new type of restaurants: eating-spots
in eating-spots, food keeps changing, chefs also rotate
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
I'm 6