I think anything to do with food is a very promising business but definitely needs a huge capital. Restaurant equipment alone is very expensive. I can advice that that in these area of equipment to consider leasing. Leasing equipment has many benefits and can reduce your start up costs. The freed up cash is no longer tied up with a depreciating equipment but you cannow utilize for other priority project.
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We're looking for startup funding for our Bagel shop in Northern Virginia. We have an exciting concept, with more than just bagels, and a wealthy market with little competition. Our problem is a low personal net worth, so conventional financing has not been possible. We're open to venture capital, angel or other individual investors.
If there's someone out there than can assist, we'd love to hear from you. We have a pretty strong business plan, we were finalists in the SBDC competition in our area. We can be up and running 120 days after signing a lease.
I'm looking forward to any replies.