Forums: Discussions for entrepreneurs and small business.

I am an aspiring restauranteer looking for funding for my venture.

 

Any interests out there?!!

 

Z

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Don`t let your Dreams be just That.

What an adult video productioncompany gets 17+ replies, a restaurant get none!

 

Z

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Don`t let your Dreams be just That.

I sense the "frustration " in your second message, so I have to ask:

What were you expecting from your first post on this topic?

 

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

You might consider reading the Startup Nation article on how to create an excellent "elevator pitch." Otherwise, I`m afraid your post sounds like someone standing on a street corner asking for a couple of bucks to buy a sandwich.

I have to agree with CraigL.  You offer no information and yet request money.  What type of restaurant, where, what are you serving, who is your target market, what are your startup costs, what are you offering to a potential investor, when do you expect to be running in the black, what`s your backup plan, how much do you need, when do you hope to open? and the list of questions goes on.  Do you have a business plan yet?

Jillybeans

Thank you, this is excactly the response I was wanting, people reading this!

I was saving the information for once an interest was shown.

To the point:

Yes business plan is complete, and heve been working the bank, my attorney, real estate brokers, accountants, etc. for the past year.  It keeps coming back to have money. 

My market is Indianapolis, IN, on the southside, where the market is ripe for the type of venture I am looking to start.  To protect my idea I`ll just say it is a fine dinning/winebar concept. 

CraigL:  I purposely was vauge, I am new to this site and very skeptical of posting to much info for the world to see.  In my experience there is not too many folks interested in restaurants, so I was simply dangling the carrot looking for a bite.

 

Z

 

For more info you can email me:

mkf_enterprise@yahoo.com

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Don`t let your Dreams be just That.

I`m also new to this site, but from what I`ve seen, and the sense I get, the entire site is so filled with dynamic, excited, ambitious, and creative people, all passionate about their own idea and business, I strongly doubt anyone is interested in "stealing your idea." This is a paranoia I see growing in modern society, and it`s bothersome.

You can certainly describe your business without giving away whatever crucial information makes it distinctive, which might be subject to patenting, or whatever. All anyone would like is a better idea of what it is you`re trying to accomplish. Else, how does anyone target their advice?

Jillybeans asked some excellent questions, and I see no reason why you can`t provide relatively basic answers to many of them. Nobody wants to wade through all these posts just to find an idea they can steal. Y`know? :-) What if someone knows someone with money? How would they bring up your post at a dinner party or cocktail discussion without knowing at least generally what it is that`s special about your restaurant?

People sometimes say, "I look for the best, but expect the worst." That`s a pretty cynical way to be if you`re going to be an entrepreneur. Why not instead go with "I trust people until they give me a reason to stop."

:-)
craig

So what else would you like to know?

ROI is about 20% over 6 years. with payments beginning in year 2.

who is your target market?

targeting the 30-44 year old age range in upper middle class areas close to our restaurant.(tier one of the target market)  The population living within 5 miles of the location is 123,778.  The average income with in a five mile radius of our location is $59,169.

what are your startup costs?

roughly 500,000

what are you offering to a potential investor?

about 20% ROI on initial investment, ownership, and potential expantion leading to further ROI.

when do you expect to be running in the black?

less than one year.

what`s your backup plan?

nothing set in stone, but I have more concepts to spin off, and at least sell everything (or Franchise)and break even.

how much do you need?

$500,000 to get going.

when do you hope to open?

at this point summer or fall of 2007, spring is still still possible for the next couple of months.

Please email for more info.  I am not just asking for money, I have been working on this for over two years, and start up funds are the only thing between me and signing a contract for construcion.

I`d be glad to give you more info about the project and me if you email me.

mkf_enterprise@yahoo.com

Z

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Don`t let your Dreams be just That.

When you say  you are offering 

about 20% ROI on initial investment, ownership, and potential expantion leading to further ROI.

Do you mean 20% per year - which means the initial investment would nearly triple in value at the end of year 6

If you are proposing an equity deal - what do you mean when you say

 with payments beginning in year 2.?

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Do you mean 20% per year - which means the initial investment would nearly triple in value at the end of year 6

Sorry, that is 20% on the amount invested. 

If you are proposing an equity deal - what do you mean when you say with payments beginning in year 2.?

I would not begin repayement until the start of year two, this is to reduce expenses in year one.  Then all investments will be paid off in five years.

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Don`t let your Dreams be just That.