I am thinking about starting a restaurant...
Wed, 03/19/08 1:46 AM
(
permalink)
Well, first of all folks, let me thank you for taking the time to read this forum, and to give me any ideas that you may have.
First of all, a little bit about myself. I am 29 years old, and live in a very small, yet growing, community in southern Alabama. In 2003 there were 3000 people here, as of now, there are 5100, and we are expecting over 10,000 in the next eight years. We are about 9 miles from a decent sized metropolis, and finally, the town is starting to grow "this" way. It has been growing north, but, it has started to grow northeastern, near us. Besides that, this area is just growing anyway. Land is starting to be bought, sold, and developed on an increasingly larger scale.
That being said, in 2003 or so, there were maybe 6 or 7 places to eat in this town. As of last year, that has grown to about 12 or so. In this town, we have a Hardees, a Pizza Hut, a Domino's, a Subway, and the rest are your mom and pop places, which consists of 2 meat and 3, a barbecue place, a general hamburger place, and probably one or two others.
My wife and I moved here in December of 2006 from Nashville, Tennessee. Before we moved, I was a number 1 fan of a local wing restaurant that is about 10 years old. It is so good that nearly every time that my wife and I go back to visit, it is a required stop. On a recent visit, without really thinking, I started talking to the owner about bringing a franchise to this area. He said that he is currently working on a package for others.
Following are random facts that will be needed to assist me in making a decision....
1. There are no wing places, and come to think of it, no chicken places in our town. The closest chicken place is a KFC 9 miles up the road. Each restaurant sells chicken, but, it is not a main menu item. There are 2 local chapters of a decent size wing chain in the big city 9 miles from here, and many do like them, and are willing to drive there for these wings, which are good in my opinion.
2. I have worked in the restaurant industry for approximately 7 years, I think. I worked for Papa John's Pizza for 3 years, 2 of them in management. I worked as a Production Supervisor(basically a back room manufacturer of all the products) for HoneyBaked Ham for 1.5 years. I was a General Manager for a Chick Fil A for a year. I even delivered, and pretty much did all other restaurant functions, for Steak Out for about two years.
In all of this, I am thinking about opening my own Wing Restaurant in this area. I want the recipe of the former wing restaurant that we visited in Nashville, but, I am concerned that he will try to sell the entire franchising package, including the name and all. I only need the recipe for his wings and a biscuit that he serves with his chicken. It is the best piece of bread that I have ever had, by the way. It has almost a cake like consistency, and it's sweet, with a honey butter placed on top.
In addition to that, there are no locations for either rent or for sale that would be possible to convert to a restaurant. So, that leaves me with buying some land and building a B&M on it. In addition to that, I'd need to get the equipment. I have friends of friends that own a used restaurant equipment store. I have been told that I may get a decent price there, but would get an even better deal by attending an auction.
So, I guess I need to ask some questions...
1. What is the cheapest/most cost effective way to come out doing this, as far as the building is concerned? I am thinking about maybe buying some land and building a 1000 square foot restaurant on it. (By the way, I wanted to do this in Nasvhille about 5 years ago, but, never did. In Nashville, I wanted to have a Dine In, but, I think in this rural area, a to go would probably work better. I have even considered doing delivery, but, would need advice on the feasibility of that as well...sub question, dine in, take out, or take out and delivery?) I would think that I could resell the building if it totally flopped after one year, but, I am not sure.
2. As far as the equipment, what would I need, and how could I get it? I want to sell Wings, Fries, Chicken Sandwiches, Ham/Cheeseburgers/Fish Sandwiches, and the biscuits. I know that I'd need an open deep fryer. Would/Could I use one deep fryer for the wings and fries? Also, I think that one thing that makes their burgers so good is that they grill their bread..I am not sure if they use a seperate grill for the buns as the meat..what do you think of that? I know that the equipment will depreciate, but, is there a way that I can get it cheap enough that if I sold it in a year or so, that I could recoup most of my money from it?
3. If we did want to deliver, how well to fries travel? Even foregoing delivering fries, what can be done to extend the heat of the food even longer? I am thinking hot bags and aluminum foil.
4. I want to do something special with my fries. How hard is to do the curly fry thing? In addition, has anyone here ever had the fries from wingstop? They are sweet and salty, and I am almost sure that they put some sugar on them. Just wanted to confirm that.
5. If this place wouldn't give me the recipe, what are the best ways to get good wing recipes? I want to keep it simple with 5 or 6 flavors, Mild, Medium, Hot, BBQ, regular fried, and cajun(fried with spices.) Experienced people could really help me here with recipes.
6. Any recommendations on that biscuit? I know that this restaurant does well in standalone biscuit sales as well, and I have thought of some unique marketing plans that would make this feasible?
7. When looking for wings, how hard is it to find jumbo sized wings? One thing that irritates me about many wing places is that the size of their wings are so tiny. I want to have jumbo sized wings.
Anyway, I know that's a lot of information and a lot of questions. I really appreciate an answer to some of them.
Jeremy