Looking to add food to an existing bar. Bar is new, this year, but operating at a profit. Looking for a food partner, or willing to finance the right partner/chef to bring into the business.
West County St Louis, MO
Please email for details.
Startup financing is nearly impossible even with good credit. There are alternative sources as well. LOC thru finance brokers. yes, costly, but how confident are you with your idea? is it proven? Tested? Feedback?
I am in the middle of opening up a large bar and grill, first time opening one up. Got the financing I needed using many methods. I didn't quit because I want to see this thru.
Let me know if you need options and I can send some your way. If you believe and have a great product, don't let this stop you.
You are absolutely correct. I only started looking at franchise because of the connections and how the business is set up.
It's a bar, a specialty bar. Craft beer. Still a very early and growing business. But looking closely, the fees will kill the business eventually.
I am taking my money and trying to raise more with investors and/or loans and hire a consultant to get me thru the process that way I can call it my own and not pay anyone.
Thanks for listening.
Here is my dilema. I have enough money saved up to roughly invest $100K of my own money into a business, but my eyes are much larger than my wallet.
My strengths are in the service industry, even though I am currently in the IT business. I want to buy into a franchise that eventually be a multi-franchise owner. I like the business I chose, it gets me excited about it and it's something I am fond of and could excel based on my knowledge and excitement for the business. Also have great credit.
Need rougly $500K in funding on top of what I can invest.
So my choices is to take my $100K, buy a smaller business and build it, or start a business and start it from there, or find a way to get $500K for a proven franchise model.
Anyone ever find funding for such a large business with little investment?
Thanks in advance.