Money to open restaurant

Guys....again this is an open end question I just want to hear what would you do if you were to try to open your restaurant, I already have a partnership but I want to hear about you.

[Peachcreek]

Guys....again this is an open end question I just want to hear what would you do if you were to try to open your restaurant, I already have a partnership but I want to hear about you.

That IS what I am saying, ans I think from reading that is what EVERYBODY is saying.
How did I start MY restaurant? Somewhere in my back reponses I have detailed exactly what we did. BUT.
1. Had a business plan.
2. Came up with our capital. We had some money in retirement we could borrow against, then got financing on the equipment.
3. Found our location.
4. Outfitted our kitchen and restaurant.
5. Opened and did 12 people our first day. They were neighbors, salespeople and my girlfriend.
HTH.

[panini]

tried the partnership route. 8yr friendship,church friend,kids close etc. Almost lost it all. set back about 100 g's.
If you have aready formed your partnership then your well on your way. I respectfully bow out of the thread.

[kuan]

I'm sorry to hear that Rita. You have some real valuable experience.

Crepe, I was talking to a business lawyer the other day. He says his main sources of income are creating partnerships, and breaking them!

OK, if it were me? I would open a restaurant which, in the words of Peter Lynch, "any idiot can run," because some day it's going to be run by some idiot! This means everything I do would have KISS stamped in big red letters allover.

Here's something I would try. A limited service pizza place where everything is in whole dollar amounts. A slice would be $1, a Coke would be $1. I'd let them get their own drinks. A whole pizza would be $10. Of course, paper plates, paper cups, paper everything. Tables and chairs I can hose down. Quarry tile floor in seating area. I could almost run it myself!

Kuan

[kokopuffs]

Gee, so could I, Kuan!

[kuan]

Haha! Serious!

OK I'll sit back and collect the profits. But really, McDonald's is run by idiots, funny how they make money without killing people.

[Nick.Shu]

ok, crepemaker, how sure fire an idea is it?. Not looking for a fight, im just saying that lis pendens etc between partners where i work have ended up in insolvency and voluntary administration. i am not doubting your prowess, just remember that in your hands, everyone that works for you depends on you.

What im really saying is, please, make sure you research this watertight first. Consideration of a idea is fine, but an uninformed choice can have an impact over many people, and can lead to quite an ethical dilemma.

*gets down off soap box*