Anyone have experience opening a Restaurant?

Boo-E · 07-28-2013, 11:53 PM

In thinking about opening my first restaurant and wanted to bounce a few questions off someone. I understand that it's a hard business with a high failure rate. Any shared experiences good or bad would prob help guide me as well. Thanks in advance.

Someone? · 07-28-2013, 11:54 PM

No but i do have experience closing the bar,lol

Boo-E · 07-28-2013, 11:58 PM

Quote:

Originally Posted by ibmike

No but i do have experience closing the bar,lol

Feel free to come by anytime

Boo-E · 07-29-2013, 12:12 AM

Quote:

Originally Posted by Lute

What does this have to do with M3?

You can park yours next to mine when you come by.

Arben72 · 07-29-2013, 07:39 AM

What kind of restaurant are you considering opening, high end, or just a casual one? I've never had one but my parents and almost every single family member I have has one, so I can share some experience. It's definitely one of, if not the hardest small businesses to open and keep open.

Ghetto2315 · 07-29-2013, 09:10 AM

Quote:

Originally Posted by Arben72

What kind of restaurant are you considering opening, high end, or just a casual one? I've never had one but my parents and almost every single family member I have has one, so I can share some experience. It's definitely one of, if not the hardest small businesses to open and keep open.

X2. What type of food? Location?? Bar or BYO??? Liquor License is not cheap, if you can even get one. Hardest part about owning a restaurant is hiring/keeping good employees and being consistent.

bga23 · 07-29-2013, 09:19 AM

Quote:

Originally Posted by Lute

What does this have to do with M3?

Drive-thru?

Someone? · 07-29-2013, 09:20 AM

Quote:

Originally Posted by Arben72

What kind of restaurant are you considering opening, high end, or just a casual one? I've never had one but my parents and almost every single family member I have has one, so I can share some experience. It's definitely one of, if not the hardest small businesses to open and keep open.

Quote:

Originally Posted by Ghetto2315

X2. What type of food? Location?? Bar or BYO??? Liquor License is not cheap, if you can even get one. Hardest part about owning a restaurant is hiring/keeping good employees and being consistent.

Yup^ we need to know more info, i am a food expert,lol and if this is going to work foe us we need to know "whats the dealeeo"

ChrisK · 07-29-2013, 09:21 AM

Quote:

Originally Posted by Boo-E

In thinking about opening my first restaurant and wanted to bounce a few questions off someone. I understand that it's a hard business with a high failure rate. Any shared experiences good or bad would prob help guide me as well. Thanks in advance.

Let me know if you need front of the house or back of the house clothing. I work for Chefwear (Mfg of Culinary Apparel)

http://www.chefwear.com

Krockit1 · 07-29-2013, 09:24 AM

There's a reason banks are tough on new restaurant loans, no matter how good your business plan. Failure rate, if you include bars/clubs = 8 of 10 nationally. And guess who gets to do the dishes when your dishwasher doesn't show up??? Flip side, a successful one is very rewarding. As the owner, you are the host of your own party every day. Just be prepared to work your ass off and not have a vacation for awhile!

OilPatch · 07-29-2013, 09:26 AM

Quote:

Originally Posted by ibmike

No but i do have experience closing the bar,lol

Lol

markymarc1979 · 07-29-2013, 10:07 AM

I'm in the restaurant POS software business, so if you need a system, or just some amazing software, PM me!

catherineanh · 07-29-2013, 10:09 AM

Franchise restaurant? My family has a franchise restaurant. Lots of work as mentioned above!

happos2 · 07-29-2013, 10:18 AM

A restuarant out of the back of the M3? Mobile Food M3 (like food truck)? Trying to make it M3 related to keep this in the M3 general section!!!!

Boo-E · 07-29-2013, 10:36 AM

Quote:

Originally Posted by Arben72

What kind of restaurant are you considering opening, high end, or just a casual one? I've never had one but my parents and almost every single family member I have has one, so I can share some experience. It's definitely one of, if not the hardest small businesses to open and keep open.

Thinking casual, clean, and good food Ina high foot traffic area of San Francisco. Most likely Mongolian BBQ. Wine and beer license is affordable and pretty easy to get.

Boo-E · 07-29-2013, 10:37 AM

Quote:

Originally Posted by catherinelam

Franchise restaurant? My family has a franchise restaurant. Lots of work as mentioned above!

He goal would be to franchise. Wish me luck haha.

Boo-E · 07-29-2013, 10:37 AM

Quote:

Originally Posted by markymarc1979

I'm in the restaurant POS software business, so if you need a system, or just some amazing software, PM me!

I will def look you up if I get that far.

Boo-E · 07-29-2013, 10:38 AM

Quote:

Originally Posted by ChrisK

Let me know if you need front of the house or back of the house clothing. I work for Chefwear (Mfg of Culinary Apparel)

http://www.chefwear.com

I will look you up also, if I get that far

catherineanh · 07-29-2013, 10:59 AM

Quote:

Originally Posted by Boo-E

He goal would be to franchise. Wish me luck haha.

Good luck! When it comes to a franchise, you have to consider many things like: royalty, rules, regulations, standards, and etc...

fuddman · 07-29-2013, 11:36 AM

Quote:

Originally Posted by ibmike

No but i do have experience closing the bar,lol

The most important person in the place (including you) is the chef.
Watch your spoilage. (a good chef will do that)
Make sure you have accurate, monthly, financials. Select an accountant who is familiar with, and can advise you on, restaurant operations. He/she is likely to be aware of failures and successes and, through the financials, can provide you with insights on your costs.
It's best to have your kids work for you as they are cheap labor.

Best of luck to you on your adventure!

positiveions · 07-29-2013, 11:41 AM

My brother has some good experience opening restaurants. Worked for some big corporate companies: Papa Jones, Baja Fresh, Coco's, Pizza Hut.
He tells me: location, location, location. Second, hiring the right people for the right job. Third, market yourself-produce fliers, hire people to distribute them and stuff.

Advice to you: don't slack, stay on top of the employees, and don't mix pleasure with business.

Kanweezy · 07-29-2013, 11:42 AM

Quote:

Originally Posted by happos2

A restuarant out of the back of the M3? Mobile Food M3 (like food truck)? Trying to make it M3 related to keep this in the M3 general section!!!!

Open a burrito stand out of your trunk, It will be called "m3s burrito"

07-28-2013, 11:53 PM	#1
Boo-E Lieutenant Colonel 140 Rep 1,590 Posts Drives: 2011.75 E90 M3 ZCP DCT AW Join Date: Jul 2013 Location: San Francisco iTrader: (3)	Anyone have experience opening a Restaurant? In thinking about opening my first restaurant and wanted to bounce a few questions off someone. I understand that it's a hard business with a high failure rate. Any shared experiences good or bad would prob help guide me as well. Thanks in advance.
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07-28-2013, 11:54 PM	#2
Someone? Perception is King 135 Rep 1,702 Posts Drives: M4 Join Date: May 2013 Location: Michigan iTrader: (8)	No but i do have experience closing the bar,lol __________________ Perception and Reality are Two totally different Things.
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07-29-2013, 07:39 AM	#5
Arben72 Banned 54 Rep 462 Posts Drives: E92 M3 Join Date: Apr 2011 Location: Illinois iTrader: (0)	What kind of restaurant are you considering opening, high end, or just a casual one? I've never had one but my parents and almost every single family member I have has one, so I can share some experience. It's definitely one of, if not the hardest small businesses to open and keep open.
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07-29-2013, 09:24 AM	#10
Krockit1 First Lieutenant 53 Rep 333 Posts Drives: 2010 M3 Coupe Join Date: Jun 2013 Location: Dousman, WI iTrader: (0)	There's a reason banks are tough on new restaurant loans, no matter how good your business plan. Failure rate, if you include bars/clubs = 8 of 10 nationally. And guess who gets to do the dishes when your dishwasher doesn't show up??? Flip side, a successful one is very rewarding. As the owner, you are the host of your own party every day. Just be prepared to work your ass off and not have a vacation for awhile!
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07-29-2013, 10:07 AM	#12
markymarc1979 Banned 282 Rep 2,533 Posts Drives: 16 G12 + 15 F06 + 17 F15 Join Date: Feb 2008 Location: Oakville, Ontario iTrader: (4) Garage List 2009 BMW E93 [0.00] 2012 BMW 750xi [0.00]	I'm in the restaurant POS software business, so if you need a system, or just some amazing software, PM me!
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07-29-2013, 10:09 AM	#13
catherineanh Captain 71 Rep 883 Posts Drives: 2014 435xi M Sport Join Date: Sep 2012 Location: Montreal iTrader: (1)	Franchise restaurant? My family has a franchise restaurant. Lots of work as mentioned above!
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07-29-2013, 10:18 AM	#14
happos2 Dingleberries 78 Rep 1,246 Posts Drives: Gray E92 M3 Join Date: May 2012 Location: Indiana iTrader: (3)	A restuarant out of the back of the M3? Mobile Food M3 (like food truck)? Trying to make it M3 related to keep this in the M3 general section!!!!
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07-29-2013, 11:41 AM	#21
positiveions Lieutenant General 974 Rep 11,724 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	My brother has some good experience opening restaurants. Worked for some big corporate companies: Papa Jones, Baja Fresh, Coco's, Pizza Hut. He tells me: location, location, location. Second, hiring the right people for the right job. Third, market yourself-produce fliers, hire people to distribute them and stuff. Advice to you: don't slack, stay on top of the employees, and don't mix pleasure with business.
	Appreciate 0 Quote