Biz, I've got a business idea I've currently been working on developing. I want to turn this location into a walk up drive thru service location selling primarily cold coffees. Startup costs are around 60k and monthly projected revenues are around 25-30k (conservatively). The building has the correct zoning and is large enough to fit the equipment I would need to get this operation moving.
I am planning on meeting with the land owners representative tomorrow. From what I was able to learn about him is that he is known to be a shark. I dont know what my goal is for the meeting, and I dont want to give my plan away for free and watch someone else benefit from this. I need advice. Thanks
Business Advice
Gabriel Diaz
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Isaac Gonzalez
people dont want cold coffee, they want ice coffee
Justin Ramirez
That's the plan.
Luke Green
Is this location already a restaurant? If not, there will be a lot of costs you haven't thought of. For example, in some cases, you might be required to have HVAC, hooding, and Ansul systems.
Also, I think your projected gross of 25-30k per month is wildly optimistic.
I'm not trying to pee in your punch bowl, but there's a reason why most restaurants go broke in the first year.
If he's a shark, he will probably put you into a NNN lease, which means you will have to pay to maintain his building and his property.
Bentley Miller
I purposefully left out the details on the coffee, serving methods, and equipment since that's what I bring to the table given my background in foodservice design build.
Zachary Sanchez
Get a food truck and see if you even like the work before going all in.
Jordan Baker
The equipment you described are all required for establishments with hot food. I'm sure a box AC unit would be sufficient for this space. I managed million dollar commercial kitchen projects for 2 years during college. I appreciate the feed back. I'm looking for feed back about dealing with the rep. Tell me more about that lease?
Jack Rogers
The idea works. 5 miles away there is a location essentially doing exactly what I want to do, but they have a store front, no drive through and pay probably 4k a month on rent (I know because my family owns property and rents similar space 1 block from them). They have been operational for 3 years.
Daniel Flores
If you "managed million dollar commercial kitchen projects" for years, then you don't need the advice of Jow Forums.
I however, have close to 30 years of experience in the industry myself, so it's not like I just fell off the turnip truck.
Ryan Jones
if you know everything why arent you rich yet