Forums: Discussions for entrepreneurs and small business.

Robert,

    Thanks for your questions.  I have managed to squeak into a year round location by getting into a coffee shop that went out of business. It is a good location near a large active corporate community (Great Valley Corporate Center in Malvern Pa).  Unfortunately, the kitchen is not equipped with a hood and ansul system so we have had to modify the menu until I can fund the renovations.  I have been open a week now and I`m getting lots of visits from customers from my shore location.  They are all asking about some of the items that are missing from the menu and I let them know they will be coming in a couple months.

     I have pursued traditional funding through a bank line of credit on the building, SBA loans and microloans, and hard money loans.   

    Right now the building at the seasonal location is up for sale and it breaks my heart but it must be done to move the business forward.  I have no doubt that the year round location will be successful, but with no ability to tap the equity in the building we have fallen into a cash crisis.  The purchase of the building was to use the equity to move the business.  As much as I would like to keep the seasonal location for the exposure and free publicity it brings to Dixie Picnic and the brand, I can`t sacrifice the business for the building. 

     Sorry for the late reply.  I`ve been working day and night getting this second location up and running.  Even though we`ve only been open a week, I already have lots of repeat customers.  My customers have always been my best advertisement.

Acquiring capital is a process - a process which varies somewhat according to one`s capital strategy. Your optimum Capital strategy will depend upon several factors - starting with how much you need and when.

 

Send me a PM if you want to discuss the details of your specific situation.

 

Steve,

 

I`d need more details before I could make any suggestions. Generally, I`d go about targeting buyers in a manner similar to defining a target customer.

 

Send me a PM if you want to discuss the specifics of your situation

I am looking to get into a development agreement with an established restaurant franchise in the Charleston, SC market. Our partnership brings years of management/ownership experience, however we need capital to cover franchise/development fee`s and most of the build out/opening costs. Does your firm work with folks like us?

Matt Hensley

matt@mabeka.com

I would like know who is the private equity group specializing in restaurants?

Earnest

earnest@mavericksflat.com