Where would someone acquire the money to start a restaurant and then later a franchise?

Answer 1

Find a jewish banker and say that other restaurants are producing "burgers of mass destruction" and then ask god to forgive your lies and to bless your profits....

Answer 2

Work in a restaurant first so you know every job how can you hire and train people if you don't know their job? Buying a franchise is the quickest way to owning a business, they already did the business plan and tested it. Most restaurants go out of business quick you stand a much better chance with a franchise. I was checking the website of my favorite pizza place and to buy a franchise you needed 200K in non real estate net worth and 100K in liquid assets as well as a year of restaurant management experience. They would probably finance the rest of the cost of start up but you could still lose your life savings.
Some people get financing from refinancing a home or loans from family. Nobody loans money to people who don't have their own money in the business or they would just own it and hire a manager.

Answer 3

Unless you have great commercial credit at your local banking institution, and a commercially viable business plan, you can readily obtain a business loan for starting up a restaurant. Failing that scenario, you can gather some investors/venture capitalists to go in with you to start a restaurant in which you have 5 years to create a profitable enterprise and still be able to take business deductions on your tax returns. Again, you only have a 5-year window to prove that the restaurant is a worthwhile profit-making venture, otherwise, you will have to repay the business loans to avoid defaulting on the initial set-up loans. I hope you also have conducted a marketing study to assess the restaurant's future customer base; possible location of the restaurant and labor source, i.e., cooks, waiters, vendors, service personnel, etc.

Good luck!