mredskins
01-12-2010, 11:09 AM
It all comes down to food cost. Wonder why so many Pizza joints? Easiest start up and the cost of making a pizza is very low. So you can absorb a lot of hits like mistakes, spoilage, folks stealing etc...
If you have a steak house food cost is very high doesn't take much from the above pitfalls to put you in the red really fast.
I think someone on here owns a Pizza type restaurent, I forget who.
mredskins
01-12-2010, 11:13 AM
My wife's parents were in the restaurant business for several years and my wife has talked about wanting to start her own at some point. But she knows firsthand the challenges involved.
I still have buddies working in the hotel/restaurent business and you know what seperates them from me. PASSION you must have a passion for this business if you don't yo uwill be miserable really fast!
I had passion in college and when I first started but after about 5 years of it my passion dimmed and it became a job.
Also,you better be a people person becasue you will be dealing with a lot of them.
firstdown
01-12-2010, 11:17 AM
It all comes down to food cost. Wonder why so many Pizza joints? Easiest start up and the cost of making a pizza is very low. So you can absorb a lot of hits like mistakes, spoilage, folks stealing etc...
If you have a steak house food cost is very high doesn't take much from the above pitfalls to put you in the red really fast.
I think someone on here owns a Pizza type restaurent, I forget who.
Slingin Sammy 33 has a place in Va Beach but I don't think its his primary income. I've been wantin to check it out one day for lunch but it seems anytime I'm in that area I'm in a rush.
mredskins
01-12-2010, 11:18 AM
Slingin Sammy 33 has a place in Va Beach but I don't think its his primary income. I've been wantin to check it out one day for lunch but it seems anytime I'm in that area I'm in a rush.
Okay you are right.
724Skinsfan
01-12-2010, 11:32 AM
I would love to have a sandwich shop along the lines of Potbelly's or Jimmy John's, except not necessarily a franchise, in either a beach or college town.
My buddy and I were talking about this one day and he came up with a great name and slogan for it. I don't want to share it in case any of you vultures try to steal the idea but I will say that we would make a killing on marketing.
Hey, we're getting a Jimmy John's right down the road from my house. I had never even heard of it. Is it pretty good?
How about a liquor store? Not some cheap corner store in a seedy part of town, I'm talking about a higher end store in a strip mall next to a grocery store.
BleedBurgundy
01-12-2010, 11:43 AM
IT Consultant. There's ridiculous money to be made, but I can't convince myself to take that leap...
mredskins
01-12-2010, 11:47 AM
How about a liquor store? Not some cheap corner store in a seedy part of town, I'm talking about a higher end store in a strip mall next to a grocery store.
Got a buddy's dad that does that as well. All your money is made between Thanksgiving and Jan 1.
I think it is a little less stressful then a restaurant, basically it is retail.
I think the ideal business for me would be something as a support person little face to face with the customer and very little overhead (no storefront type business). Waht that is I have no fawking idea but with my dad retiring this year he is pressuring me to do something with him, it would be on the side and see how it grows.
One interesting business that caught my eye at a trade show once was Fastsigns. Looked interesting and somewhat profitable. There is a lot of damend in that business.
Signs, Decals, Digital Printing, Custom Signs, Sign Solutions @ FASTSIGNS® (http://www.fastsigns.com/)
saden1
01-12-2010, 11:47 AM
How about a liquor store? Not some cheap corner store in a seedy part of town, I'm talking about a higher end store in a strip mall next to a grocery store.
High-end Liquor store? If you're talking about a wine bar you might have a chance.
KLHJ2
01-12-2010, 11:48 AM
IT Consultant. There's ridiculous money to be made, but I can't convince myself to take that leap...
I am in a perfect position to do that too but like you I am scared to try it. You're right there is REDONKULOUS money involved.