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[realAgentMurdoc]

liquor licenses are typically limited... and all that are going to be given out in a given city is already out... so you usually have to buy one from someone going out of business or just wants to sell it...

[Stealthmode]

He handles the food side, I handle the business we figure.

I figure that your first business and you have a partner= you're a fucken idiot.

[97Econobox]

only thing i cant tell you is in VA you need to sell a certain amount of food to keep a license and i think there are different costs if you want to go On or off and i think if you have a patio or not plays a role.  had a friend who had one but got rid of it cause it was too much hassel....probably concidence he quit blow same time

his bar was awesome made him mad dough. he just couldnt give up the coke and keep it.

[colt45]

Sounds good, any idea on what menu items you would carry?

can never go wrong with Big Ass Titties

[chris]

Um low overhead is what makes money not a huge bill. Taco truck run by white people is still a great idea

[Stealthmode]

Catering truck getting white people hooked on breakfast burritos in a random parking lot is my next idea. I shall call it Burreet-Mode.

[Teg2boo]

i call dibs on line cook position if i can make over 16/hr

Don't give him the job, he can't make a meringue lol

[robus]

Debating trying to get a business going here in Virginia.

All you need to do is ask
http://web.ics.purdue.edu/~ssanty/cgi-bin/eightball.cgi

[BlackDragon]

I think you have a better chance opening up a titty bar were the customers brings their own beer.

[Joseph Davis]

$50K startup for a club, plus first six months operating expenses.  If you know what you're doing.

What you changed it into is a high end chain/mid-level independant style restaurant with a bar area.  You now have three times the staff and five times the equipment.  $200K startup I'd guess.

[Joseph Davis]

Also, you should take the McDonalds approach.  I forget the asshole's name, but when asked what he did every day "manage a fast food chain."  When asked what his job was or how he made money, "real estate."   You need to buy location, location, location and if the restaurant breaks even after 5 years you're still ahead.

Honestly, Stevemode hit it on the head with the storage building idea.   Also, those automated car washes are sub $50K, come with a warranty, and fucking page you when they run low on soap.

[BoostedSchemes]

He handles the food side, I handle the business we figure.

I figure that your first business and you have a partner= you're a fucken idiot.

hey man what about xenocron? his first business was a gas station with azn partner johnny and it worked out great

[Joseph Davis]

I liked Johnny, he was a nice guy.

[chris]

The taco truck run by white people is truly a great idea. Hook up most of the menu with uber white people style but have 5-10 items that a true mexican will enjoy also. 



Shaved ice truck is another money maker.


Your thinking to big. If you want to quit the taco truck business you sell the truck for a couple thousand less than you bought it for

[QikEnuF]

$50K startup for a club, plus first six months operating expenses.  If you know what you're doing.

What you changed it into is a high end chain/mid-level independant style restaurant with a bar area.  You now have three times the staff and five times the equipment.  $200K startup I'd guess.

200 was about the rough starting figure I had come up with.. Neat.

[Stealthmode]

If you really have 200 to do something, do the 50k plan first and see how that works. A subway or jimmy johns franchise would be an idea in my head as well.

[QikEnuF]

Gonna go fill out some loan papers and talk with a couple people on a business plan tomorrow afternoon.  Maybe this will go somewhere.

[Conceptz-X]

Again, good luck






and I'm not being sacrastic

[Joseph Davis]

You drive around a 97 Civic econobox.  What do you know about $200K?  Take other's advice and consider a $50K plan.

[chris]

5k plan and see if you like 80 hour work weeks and people bitching at you for everything.

[dvst8r]

Here is my 2c,

I recently lost ~ $110K in a business that failed. I still have another ~ $40K in recoverable assets, but it takes a long time to pay out that other $60k, even at the current low interest rates and $1500 a month in payments I'm looking at 5 years +. Keep in mind that $1500 is over and above normal living, like rent, food, insurance, food ect... In other words for the next 5 years I get: No toys, no life, ect...

This has also fucked my perfect credit, before this endeavor I could buy a $500K home no problem, now I couldn't get a new $500 cc.

I miss the freedom of my own business, and this failure hasn't by any means quashed the entrepreneur in me, and I will have another business once this one is paid for. However I jumped in way too big way too soon. Take the 5k plan advice, and start with something small and build it from there, or once you have done something small for a year, then look at the $200K plan.

Start small, learn book keeping, learn overhead, learn inventory control, once you have the basics down, either the small business you have started will grow, or you can close the doors on it, and try something bigger. Business is just like welding, or playing sports, or piano ect... It is not something you are born with, it takes seat time to learn and develop.

[97Econobox]

did someone call me?

[colt45]

He handles the food side, I handle the business we figure.

I figure that your first business and you have a partner= you're a fucken idiot.

dont have partners.  have slaves.  i mean employees

[fork]

Here is my 2c,

I recently lost ~ $110K in a business that failed. I still have another ~ $40K in recoverable assets, but it takes a long time to pay out that other $60k, even at the current low interest rates and $1500 a month in payments I'm looking at 5 years +. Keep in mind that $1500 is over and above normal living, like rent, food, insurance, food ect... In other words for the next 5 years I get: No toys, no life, ect...

This has also fucked my perfect credit, before this endeavor I could buy a $500K home no problem, now I couldn't get a new $500 cc.

I miss the freedom of my own business, and this failure hasn't by any means quashed the entrepreneur in me, and I will have another business once this one is paid for. However I jumped in way too big way too soon. Take the 5k plan advice, and start with something small and build it from there, or once you have done something small for a year, then look at the $200K plan.

Start small, learn book keeping, learn overhead, learn inventory control, once you have the basics down, either the small business you have started will grow, or you can close the doors on it, and try something bigger. Business is just like welding, or playing sports, or piano ect... It is not something you are born with, it takes seat time to learn and develop.

What kind of business?

[dvst8r]

Here is my 2c,

I recently lost ~ $110K in a business that failed. I still have another ~ $40K in recoverable assets, but it takes a long time to pay out that other $60k, even at the current low interest rates and $1500 a month in payments I'm looking at 5 years +. Keep in mind that $1500 is over and above normal living, like rent, food, insurance, food ect... In other words for the next 5 years I get: No toys, no life, ect...

This has also fucked my perfect credit, before this endeavor I could buy a $500K home no problem, now I couldn't get a new $500 cc.

I miss the freedom of my own business, and this failure hasn't by any means quashed the entrepreneur in me, and I will have another business once this one is paid for. However I jumped in way too big way too soon. Take the 5k plan advice, and start with something small and build it from there, or once you have done something small for a year, then look at the $200K plan.

Start small, learn book keeping, learn overhead, learn inventory control, once you have the basics down, either the small business you have started will grow, or you can close the doors on it, and try something bigger. Business is just like welding, or playing sports, or piano ect... It is not something you are born with, it takes seat time to learn and develop.

What kind of business?

Snap On Tools franchise.

[Joseph Davis]

Wow.  How long did you stick with it?  Why do you think it didn't pan out for you?

[dvst8r]

Wow.  How long did you stick with it?  Why do you think it didn't pan out for you?

I was in it for 2 years. My first year I made good money with just shy of a half million in sales. My second year everything went bad, the town I was in is a forestry town, and the price of lumber fell to the point it wasn't worth taking out of the forest. Combined with snap on dividing my territory and 2nd Mac dealer starting as competition, it was too much. I could have stuck it out, but looking back I am glad i didn't. The guys that are still there, are at best breaking even, or living off their savings.

I went from going into Finning (CAT's largest equipment dealer) and having 60 guys on shift, to going in and be lucky if there were 15 guys there. Typically old guys that are close to retirement, as they had the seniority to stay home, and not get transfered to the mines and shit.

I made some other mistakes, like I was over financed, and didn't do enough research before jumping in. I was excited and just wanted to make it happen. A franchise like that is basically buying a job. They have it so structured that you can really only make a certain amount, have limited growth potential and because the inventory is mobile snap on credit is the only place that will finance you. They have you well locked in, and have themselves well protected.

Education is not cheap, whether it be a university degree, or becoming a great motor builder, or running a business, ect... I learned a great deal, and will have another business.

[Joseph Davis]

Good insight.

[7808]

id just start a liqour store, there not affected by the economy, it actually helps them when people are down , and (most the time) people arent actually getting drunk at your business.  having worked in bars, i think it would be a real bitch to own one unless your prepared with lots of money, lawyers, more money, a good plan, a good set of people to run it etc.. 

you know if you fail a sting or 2 your license gets yanked no refunds right?

btw that huge fee people are talking about, is not a one time thing..  its like tabs on your car lol

[dvst8r]

I have looked into:

- Storage units, great idea, but around here minimum investment would be about 1 mil.

- Automated car wash, tough to get them built fast enough around here, before there is one across the street. Min investment about 100k

- Liquor store. Tough to get a license, almost need to buy some one out, or have friends on city counsel. Min investment varies a lot, but for $50k you will get going. Still one of my favorite, maybe it's just the idea though...

- Mcdonalds, again need like 250K liquid, and another Million in the bank.

I have looked into just about every imaginable franchise, from dog poop scooper, to lawn cutters, to hotels... In my opinion most that are solid money makers, cost big dollars to get into. They are more like investing in a bond, Pay up front get slow constant returns.

I have never looked to seriously into any restaurant, this is mostly because I have a friend who owns a successful pub. It is a small place seats about 25 max, it is always busy, but so is he 7 days a week 16 hrs a day. Derek and I were watching the sopranos late one evening after he had closed, and on the show they were at that Italian restaurant they always go to, anyways the owner of the restaurant, says at some point "owning a restaurant is like owning an elephant, sure it sounds cool, but in reality, you feed it and feed it and feed it, and one day it shits on your head". Derek looked at me and said you have no idea how true it is. That was several years ago, he still has the pub, he is still single, and still works 16hrs a day 5 days a week and probably 4hrs the other two. From what I have seen you really have to love it to do it.

I think for my next go around, it will either be something very basic with almost no investment other then my time and some equipment, or I will flake right out and buy an automated car wash and put it in a new development.