My name is Jim and I am a 49 year old cook/chef and I have been working in the restaurant industries for over 32 years, I have an opportunity to start my own family restaurant that is located in a great location.
The place use to be a restaurant/ truck stop for truckers and traffic from others that are locals going to work or vacationers. However when I went to the restaurant to see what it looked like need say I was impressed by the size of the place but when I got to the kitchen area I became very disappointed, the restaurant has been closed down for 3 years due to the previous owner was caught by the dept of health for using a regular water hose that ran from the restaurant to a local mobile home park, well make a long story short he also took everything out of the restaurant including the kitchen sink if you do not believe me you can visit my website that has the photos of the restaurant and the view of the kitchen as well, now with that being said that means I have to replace all that was taken.
I have attempted to try to get loans from a bank and was declined due to my credit score is low and I was informed by the bank that i could try to find a co signer or try something called unsecured loan by using a person that has great credit and they would be removed from the loan after 3 months so nothing will go against the person who has helped me in obtaining a loan through them.
Well as you can see I was unable to do that as well.
I have researched the area on other restaurants in the area and where the restaurant is located the nearest restaurant is located 6 miles from both directions also it is located off the main highway as well as next to the Toyota Manufacturing Company and Power Plant.
I know finding an investor or angel investor is a tedious job and there are a lot of risks in their eyes, like how much will the company make, is it worth giving money to a company or business that is looking to start up his or her first restaurant etc.
Trust me if I was wealthy or had the funds I would do everything without hesitation, so now I am here asking in my starting position what should I do or whom can I go to to get this restaurant operational.
The restaurant will also be doing caterings.
Can someone send me in the right direction to someone that can help me get started without me aging to almost 60 before I get it off the ground?