I'm starting a small delivery, dine in, take out restaurant. However, i have little to no $$ to start up. HELP

Question

I'm starting a small delivery, dine in, take out restaurant. However, i have little to no $$ to start up. HELP?? How do i find investors, what are my options, and what is the best options?? I live in upstate NY and am a single female.. doest that help?

this venture has very low overhead and start up costs. I plan to lease equipment and rent the property at first. I have done my homework and have a business plan in the works. I just need to know if anyone knows a good way to find grants or investors since my capital is not good. I have only 400 per month in bills, so i dont have to worry about my own expenses, they are covered. help?

Answer 1

Restaurants have one of the highest failure rates. It takes not only a lot of cash to start up, but on going operation costs while you build your business, not to mention you won't be actually making a profit for some time.

I'm not trying to discourage you, just scare you. You need to be very financially prepared.



If your idea is simply to start your own business, a cleaning service or something with a lot less startup cost and quicker profit is often much easier to do. If you are set on a restaurant business, just be warned of the hardship.

Answer 2

first where in upstate? i am near Utica and just opened a pizzeria/lebanese place (mainly take out w/ 3 tables).

i am really struggling and looking to some goverment loans and also i found that at SUNY they have free services that help you develope a business plan and find loans/grants.

my main mistakes were not finding the money first and jumping in head first. i had money but in my situation i also purchased the build in which i payed a little too much for counting on the business to do well. mainly because the guy i bought out was running a SH** hole place and making money, so how could i not make money after cleaning the place and keeping it that way.

Anyways by time i bought the place, cleaned, replaced some equip and supplies i was run dry on funds so opening was all on credit account. and now i am barely staying a float.

just have all your eggs in line prior to opening. and yes sysco is the biggest and have every product you may need and l brag they have the best service. take the tour of their plant, test products in their kitchen but be warned they mess up alot from my lousy rep to the delivery

good luck i wish you the best - looking to local colleges for the business planing help - (usually state schools)

Answer 3

Take Out Restaurant Business Plan

Answer 4

My family owns a small restaurant. They do breakfast and lunch, deliveries, and catering. They also work 12 hours a day on normal days and longer on catering days. It's difficult to find good help as well and there is tremendous expense involved. Sadly, the rate of failure in a restaurant is very high. You can do it, but it's going to take long hours and you won't get a great deal of help. Even the small business administration is hesitant to offer loans for these ventures. Your best bet is someone who has faith in you and is willing to lend you the money. Good luck to you!

Answer 5

First off, if your credit is bad, you're going to have a hard time finding lenders.

One thing to do is to go to the library and ask them about books on grants and investing. You'll want to find the big books that come out every year like the Matthew Lesko books - seriously - that have lists of where to apply for money. As a woman, you may find some loans or grants are easier to come by. You have to have a formal business plan written up to submit to these agencies.

Answer 6

1

Answer 7

real world answer. do not start .
you need 2 more jobs to build money reserves.
not loans to build debt slavery. you don't even have reserves of money to keep your own bills paid?
spend some time in learning about starting a biz in NY. do your homework and maybe you will not go bankrupt as fast.