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Each month AR runs numerous contests as a way for our members to engage in activities
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restaurant: When attemps to fund your restaurant with commecial banks fail.... North Attleboro, MASS - 04/08/12 07:36 AM
Another option for funding your start-up restaurant is receiving financing from investors. Restauranteurs often present their business plan before acquaintances within the industry and other willing parties. Gaining investors requires finding the right contacts and soundly proving your ability to make your new restaurant a success. Some tips for finding investors include the following: Present your operational skills. Many investors are impressed when the owner approaches them with tangible skills, such as culinary skills or a background in accounting. Any experience in the food service industry is extremely helpful as well, not only for your investing parties, but for your (6 comments)
restaurant: Where do you look to look for funding for your new restaurant? - 03/25/12 03:47 PM
As a former restaurant owner, I do know a few things about the stress envolved in trying to finance your dream of restaurant ownership. So let me give you my opinion of your options. Commercial bank loans are the most common form of start-up funding for new businesses. Unfortunately, securing a loan from a major bank as a first-time restaurant owner, has a few major challenges:
Inherent risk factor. Commercial banks typically find start-up restaurants extremely risky to finance, since more than 25% of new restaurants fail within the first year of opening. And only 3% of them ever make it through (1 comments)
restaurant: Searching for a restaurant location for my clients is going to be harder than I thought! - 03/01/12 11:05 AM
After I get the kids on the bus and hit the gym, I get in my car and drive around the surrounding towns with my Ipad, in search of the perfect restaurant pad. I have been doing this for two weeks now. I have located and have gotten very excited about a few great spots, however I quickly get let down. The best spot I have found is actually an old abandoned restaurant on a great piece of land. The problem is nobody answers the phone! I have called and called and called and finally sent a hand written letter to (6 comments)
restaurant: Existing restaurant location or vanilla box? Greater North Attleboro, MA - 02/28/12 02:13 PM
What a week I have had perusing restaurant listing after restaurant listing for my client. I would say most of them belong on Kitchen Nightmares, so I decided to start looking for a vanilla box as a second option. And ohhhh what fun that would be to see him do it from scratch, my ultimate dream come true! To continue the top reasons that restaurants fail in my opinion...............................
#4 Being closed-minded in concept Be open to new ideas. Any type of business owner always has a dream or a picture in their head of a certain outcome. But just remember to keep an (6 comments)
restaurant: Former Restaurant Owner Part 2 - From your Realtor in North Attleboro, MASS - 02/16/12 03:28 PM
Before I was a Realtor I was a longtime restaurant owner. I have owned four successful restaurants, well actually three because one failed miserably, that's a story for another time! Food Service is in my blood, so I was so ecstatic this week when a long time friend asked me to find a restaurant for him to buy! This is right up my alley and I am so excited to help. He chose me because I can also help him decide if a location is going to be feasible or not. There are a dozen or so reasons restaurants fail (4 comments)
restaurant: From Restaurant Owner to Realtor in North Attleboro, Mass - 02/14/12 08:38 PM
Before I was a Realtor I was a longtime restaurant owner. I have owned four successful restaurants, well actually three because one failed miserably, that's a story for another time! Food Service is in my blood, so I was so ecstatic this week when a long time friend asked me to find a restaurant for him to buy! This is right up my alley and I am so excited to help. He chose me because I can also help him decide if a location is going to be feasible or not. There are a dozen or so reasons restaurants fail and (6 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.