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 is 20,000 enough to start?

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mzenelji

  • Total Posts: 3
  • Joined: 11/9/2011
  • Location: cedar rapids, IA
is 20,000 enough to start? Wed, 11/9/11 10:03 PM (permalink)
Well I just finished making the menu of the small restaurant what i want to open, its called eurogrill, serving gyros, pita, and i was along thinking of serving hot dogs too, salads, fries, and european deserts, and most of the food its going to be prepared by me, only a few ingreidents i will get shipped in:gyro meat, pita breads, and i have about 20,000 in cash to start this up, i found a place rent it around 1000 a month, and there is no equipment there, all i need is heater for the gyro, a large griddle, freezer, fryer, table to prepare food, microwave, the other stuff i can just buy locally, i calculated the amount of food that i would need for the first month, and the cost was just over 2500, there are a few people here in town from my country, but they never want to tell me how to operate a restaurant, always telling me there is no money, always refuse to answer questions, but the funny thing most of them drive mercedes( so i know there is money to be made) so my question is , is 20000 enough for me to start, I worked at a pizza place for 3 years, and learned a few things here and there, but i know how to make the food, and i know there is a market for it, i have no problem is marketing, i can easly set up websites, and since i just finished my school( i graduated in chemistry, how funny i want to start a business, instead work as a chemist) its just the pay sucks for a chemist, biggest mistake ever made was to go to college, but any how is anything else that is usally expensive, and i was looking at some websites online and saw most places over equipment for lease, is leasing a good/bad thing ?  
sorry for making this long, i just want to get this started here around december/early january.
 
#1
    Foodbme

    • Total Posts: 9526
    • Joined: 9/1/2006
    • Location: Gilbert, AZ
    Re:is 20,000 enough to start? Thu, 11/10/11 2:55 AM (permalink)
    You need to put a business plan together with hard NUMBERS. We can't tell you how much $$$ is enough. YOU need to do your own research and calculations.
    Here's a source for Restaurant business plans.
    http://articles.bplans.com/starting-a-business/how-to-start-a-restaurant/210
     
    #2
      lornaschinske

      • Total Posts: 1610
      • Joined: 3/4/2009
      • Location: Roswell, NM until we leave for another place
      Re:is 20,000 enough to start? Thu, 11/10/11 10:49 AM (permalink)
      How about a mobile kitchen instead of a stix-n-brix restaurant? That would give you experience and you can do it on a shoestring (our shoestring was pretty skinny).
       
      #3
        Chicnscoop

        • Total Posts: 291
        • Joined: 2/18/2011
        • Location: Andover, CT
        Re:is 20,000 enough to start? Thu, 11/10/11 2:56 PM (permalink)
        Funny, I was always told that chemical engineers and pharmacists make boku bucks. Maybe you went to the wrong school or part of the school for chemistry but if you want to go into a field where you work 18 hours a day to make nothing some days - go for it.
         
        Kids today have no clue.
        <message edited by Chicnscoop on Thu, 11/10/11 2:58 PM>
         
        #4
          mzenelji

          • Total Posts: 3
          • Joined: 11/9/2011
          • Location: cedar rapids, IA
          Re:is 20,000 enough to start? Thu, 11/10/11 5:17 PM (permalink)
           as a chemist, with only BS you can only make 12-15 buck an hour, which is a joke, were here are some factories near by that pay well over 20/hour to work in line, its fast paced, but pay good, had i known before i started school that i would make  12/hour, i would never went, completly waste of time/money.
           
          I'll look into the mobile kitchen, and see what i can find out
           
          thx
           
          #5
            agmccall

            • Total Posts: 239
            • Joined: 9/28/2010
            • Location: Albany, NY
            Re:is 20,000 enough to start? Thu, 11/10/11 5:59 PM (permalink)
            If your opening costs do not exceed $20,000.00 then yes it will be enough
             
             
            #6
              Dr of BBQ

              • Total Posts: 3716
              • Joined: 10/11/2004
              • Location: Springfield, IL
              • Roadfood Insider
              Re:is 20,000 enough to start? Thu, 11/10/11 10:10 PM (permalink)
              I wrote all of this several years ago and gave it to this site to do with as they see fit. It's all still there and you can use it if you like. It would be better if I wrote it today or re wrote it but I don't have time anymore. Don't click at the top of the page scroll down and you'll find my stuff.
              http://www.mobilecatering...ss.com/doctorofBBQ.htm
               
              #7
                mzenelji

                • Total Posts: 3
                • Joined: 11/9/2011
                • Location: cedar rapids, IA
                Re:is 20,000 enough to start? Fri, 11/11/11 5:13 PM (permalink)
                thx for the info
                 
                #8
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