Top 3 Reasons NOT to Buy a Restaurant

During these many years (25+) in the restaurantThe "Not To" list goes on and on but always
industry I've been asked, on occasion, for advice orinvolves, to some extent, the items above.
direction regarding opening and owing a restaurant. IAsk yourself. "What am I willing to give, or give up,
respond first by asking some basic questions aboutto get what I want?"
the individuals themselves.For the "lucky" ones, those with dedication,
Once I've determined (in my opinion) with whom I'mendurance and a burning desire a restaurant can
speaking I use the next few minutes trying to talkultimately lead to a successful enterprise. I've actually
them out of it altogether. Even if I'm impressed withknown people who managed to make money, have
their potential, the routine remains the same as I trysome free time and keep their family in tact.
to cover as many of the "Not To" reasons as ISimilar to an old fashioned water pump a restaurant
remember.business requires a lot of initial pumping and priming to
It might be well to note here that I'm speaking toget the water to the top of the well. After that it
those with more dreams and desire than those withjust takes a slow even pump to keep the water
deep pockets. If you've got money to burn go for it.consistently flowing. But, you can never stop
The Top Three are easy because they are acompletely or else the "water" will fall back and the
constant in my own world:process begins again.
1. FAMILY...We work when everyone else plays!When asked some successful people may tell you
This means that you're working when the kids arethat, looking back, the "wouldn't have done it any
home or you're doing prep when the school play isother way". Not me! There's tons of things that could
scheduled. I've actually gone to a parent teacherhave been changed to make the struggle easier.
conference with an apron on.Most of all I should have checked my ego and
2. TIME...We work when everyone else plays!sought guidance from those who've done it.
After a busy Friday night golf is a rarity becauseSo here's the "pitch". There's a lot of help available.
Saturday night is just a few hours away and there'sFind it and use it! Be wary of those who make it
the endless errands or maintenance to do beforeseem too easy. I saw an online ad the other day
that. I'm relegated to the "19th hole" and hearingfrom someone proclaiming to have opened "many"
about the great scores when they return bar for arestaurants for $25,000 each and he can "help
few beers.anyone do the same". Can it be done? Certainly.
3. MONEY...We work when everyone else plays...andHowever, you'll be closed in six months and be broke.
Pays!He fails to mention that a "25,000" restaurant
It's all about the numbers The continuous,requires a $100k + bank account. So-called
mind-numbing, analysis comes with the territory.consultants like this only feed the already high failure
Always looking for ways to reduce costs withoutrate in the hospitality industry.
reducing quality and service in order to keep up withFind real help with real solutions and who have a
the rising tide of state, local and federal taxes andtrack record of successes.
increasing costs of goods sold. Then, more oftenEnthusiasm makes the difference!
then not, any "savings" we've managed to achieve isGood luck.
re-invested in the monster we've created.