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Beach bar and FOOD trailer

post #1 of 6
Thread Starter 
Little help please:
I garnered 3 investors to fund this project
Due diligence, business model, projections,
and a mock menu for these investors, among other details. They thought my smoker and ideas that spawn from there are a winner...
To pick up this concession was HUGE, beach bars don't come ip for sale, hardly ever.
It is on a small island in the Caribbean.
Long story short, i was out bid by a friend and neighbor, i now WORK for them.
They have years of experience running 'Franchises' in effect they opened a Dennys here. Sucks, but i had to give them some space to get going.
Sub par menu, its time for me to speak up and tell them that, absolutely everything you have learned is NOT applicable here.
How do i do that???
I am working for almost free until season rolls around, don't want to give them MY business plan, what to do?? Hurt their feelings? Send them my model? Just bring the smoler and start doin it?
post #2 of 6
Im a little perplexed by what your asking. It would help, me at least, if you could be a little more pointed with your questions.
post #3 of 6
Thread Starter 
Quote:
Originally Posted by Lagom View Post

Im a little perplexed by what your asking. It would help, me at least, if you could be a little more pointed with your questions.
Sorry,
I see.
WHAT should I tell them, and how to say it, before they go to far, that their menu ideas are unsustainable, drab, sub par and should do what I told them in the first place.
They are not great communicators to begin with, which is one of the problems I need to address moving forward as well. I want to make this place a world famous destination. They seem to want to corporatized it, due to their long history of being restaurant franchise owners. This a lot different than ANY other situation I have been in. Touchy, to say the least.
post #4 of 6

If you have confidence that your menu and set up will make money---consider this.

 

Offer to rent the spot and split the profits---this way you have control over the menu and equipment without having them involved other than securing the location and paying the fees---

 

If you are going to be an hourly employee without a stake in the profit, I see no benefit to you in giving them the ideas that you have-----

post #5 of 6

What happened to the 3 investors?

 

If he under bid you how is it YOU had to GIVE him space?

War is hell and since this beach property is so rare hip check him and go to work.

But before you do.....talk to a attny.

Not a bunch of random posters on an internet forum.

We may be charming and intelligent (and of course good looking and witty) all we can offer are personal opinions and past experience lessons learned.

 

mimi

 

OBTW...it may be as simple as showing him a spreadsheet with pantry items and how much more it costs to import Denny's ingredients (not everyone can be a Jimmy Buffett)

There is a reason that every Carribe island has fish and peas on the menu.

post #6 of 6

I am with Lagom, I am still a little perplexed. What exactly is your position? Were you hired to implement or innovate? What is your commitment and involvement both professionally and personally?

Wisdom comes with age, but sometimes age comes alone.
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Wisdom comes with age, but sometimes age comes alone.
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