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What's your source of capitalization? And how deep are the pockets? Do you have access to at least 2 years' worth of operating expenses?
Because you know your purveyors will want COD until you've established a track record; your staff (other than yourself) will have to get paid, whether or not there are customers; your laundry and hauling will still need to be kept up, as will you utilities and insurance. If you've done the numbers as you say (which I don't doubt), do you know that you've got enough to keep the place going with little or no income?
Because you know your purveyors will want COD until you've established a track record; your staff (other than yourself) will have to get paid, whether or not there are customers; your laundry and hauling will still need to be kept up, as will you utilities and insurance. If you've done the numbers as you say (which I don't doubt), do you know that you've got enough to keep the place going with little or no income?
