Over the last year I have discovered my gift of cooking...( probably from having to stay home with my kids I had to do something to keep my mind lol ) ...
I have decided that I WILL open my own reastraunt. It would be fun and we could make money.
Of course since we didnt have that much money it couldnt happen yet...
But now my husbands dad passed away and left us almost $15000 ... I want to use this to start my restraunt .
My husband wants to split it up to pay for bills and to buy a new vehicle ( our car is always messing up ) .
i think we should do the restraunt, we will make alot of money and can pay for all of those things after. We are always short on money and i know we wont get the chance again ...
He makes me so mad that I think of leaving him. He tells me I am being childish and putting myself above him and our kids but I think he is trying to control me and just wants to make the choices for himself ...
Asked by Anonymous at 6:45 PM on Mar. 18, 2011 in Money & Work
Answer by Syphon at 6:52 PM on Mar. 18, 2011
If it's what you want to do then I'd say go for it. Sounds like a door opening for you. Me & my hubby will be opening a bar/restaurant in a couple of years. They have all kinds of grants for things like that.
Answer by Anonymous at 6:56 PM on Mar. 18, 2011
Answer by Syphon at 6:57 PM on Mar. 18, 2011
Answer by Ati_13 at 6:58 PM on Mar. 18, 2011
Answer by midnightmoma at 6:58 PM on Mar. 18, 2011
Answer by hill_star03 at 6:59 PM on Mar. 18, 2011
So much goes into owning and operating a restaurant. Many many things to think about and have in line before you even begin. Examples:
Will you take out a loan, $15k is not really enough to open a restaurant?
What type of restaurant and in what type of area?
Will you buy or lease your location?
Who will your suppliers be?
How many staff will you hire?
What pay and benies will you offer?
What all licenses and permits do you need where you live?What are their cost?
And many many other things need to be decided and handled before you even begin to open.
Also.Like others have stated. Over 90% of restaurants fail within the first 3 years. Also, it takes (on average if a place stays open this long) 5 or more years to actually turn a profit. Restaurants are risky and take quite a bit of capital to open and keep running.
Answer by pixie_trix at 7:03 PM on Mar. 18, 2011
Answer by meooma at 7:11 PM on Mar. 18, 2011
Answer by Syphon at 7:12 PM on Mar. 18, 2011
Answer by ImaginationMama at 7:13 PM on Mar. 18, 2011