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Anyone own or ever owned a restaurant?

Thinking I offer the manager/cook( I already have the guy in mind and ready) 15% profit sharing

A good manager / cook will make / break it. Call me a commie, whatever. But I think it is good business to make sure your employees have an incentive for success. Last thing you want is labor turnover all the time. Product will inherently fail with turnover.

I know that is asking a lot, but I was paid minimum wage at my first job. You couldn't even get some of our younger crowd to fill out the application for what I was paid. You can pay them $15/hour starting out with no skills and they will still bitch about their jobs.
 
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Might as well be an apparatus of the holy war. Although @THE_DEVIL and I have every incentive to pollute the minds of agnostics and atheists. NW Missoura won't know what to do with us when we tell them your fine dining establishment is better than Golden Corral.
I'll have some HORT named items.
NoleAtl will be an all sausage platter
Scruddy will be Shit on a shingle
The devil will be a jalapeno omelette
and the McGill will be a plate of leftover, ripe for a lawsuit
 
I'll have some HORT named items.
NoleAtl will be an all sausage platter
Scruddy will be Shit on a shingle
The devil will be a jalapeno omelette
and the McGill will be a plate of leftover, ripe for a lawsuit

I'm fine with that. Throw some tots and tits on top. At least give me some dignity.
 
Small and as close to on campus as you can get. Faculty, staff, and students should be able to walk across the street. If it is also on the path or next to a college bar that is popular all the better. Remember it is always about table turnover and overhead. The bigger space has bigger costs and requires more staff. Your manager should have a stake in the business that can be purchased back if he or she leaves and revoked if they are caught doing things that damage the business. Like stealing or banging the staff. Giving them a small piece of the business will change them from employee status to owner mindset. You need to actually pay them so they don't open a competing business next door to yours in three years. Keep the menu simple. Breakfast is breakfast and needs to be done quickly and be good. If you need to add a sausage gravy that can be ised foe biscuits and gravy or added to other things. College kids so if you are going to have a special make it giant pancakes. Very low cost and the kids will think it is the best thing ever. Counter service should be a thing so single diners don't take tables that can be used for larger groups. Coffee will be your difficult thing because college kids want Starbucks options. That is time consuming but not sure how you get around it. Get the athletes in the door and they will bring the others. Same wirh the music majors. Your decor should recognize them. Get this one up and profitable and then take the concept and think about how to open a second location away from campus for the church crowd. Wouldn't even need to be open every day if your overhead is right.
 
I know a handful of people who have owned/own a restaurant. The successful ones are married to it. The ones that delegated responsibility and spent minimal time involved failed. So the question is, OP, how much time do you want to spend at a restaurant?
 
I'm not sure I'd bet on it if successful restauranteurs were behind it, harder to imagine success from someone with no experience. I also doubt that the OP has the temperament to run a restaurant. Social media pissing match over a poor review?
 
I'm not sure I'd bet on it if successful restauranteurs were behind it, harder to imagine success from someone with no no experience. I also doubt that the OP has the temperament to run a restaurant. Social media pissing match over a poor review?
I have the advice of a successful owner, I'm not HORTish in real life.
 
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A good manager / cook will make / break it. Call me a commie, whatever. But I think it is good business to make sure your employees have an incentive for success. Last thing you want is labor turnover all the time. Product will inherently fail with turnover.

I know that is asking a lot, but I was paid minimum wage at my first job. You couldn't even get some of our younger crowd to fill out the application for what I was paid. You can pay them $15/hour starting out with no skills and they will still bitch about their jobs.
I worked at a family-owned restaurant during high school and when I was home during breaks from college. They had two locations, one in Le Mars and one in Sioux City that were both open 10-15 years. They made it with good food at reasonable prices, but also a fook ton of high school kids paid minimum wage that cared about doing a good job. As a high school kid, the math made my head hurt because even on our best days, I wondered how they made it. I had a blast working there, made lifelong friendships, but that family worked NONSTOP.

No way, no how, no thanks. God bless the ones that can do it.
 
I always had the idea of an automated bathroom cleaning system. Something similar to a car wash where a mechanical device fires up shooting scalding water all over everything with it draining into a floor drain.

One of my restaurants, that's pretty similar to how we cleaned our kitchen floors.

We first swept and did all our countertop/table/miscellaneous cleanings above the floor, garbage etc. Then sprayed some degreaser on the floors and used hard bristle brooms to agitate the grease and dirt.

Then came, seriously, a thick water hose directly from a water heater that was separate from the "store water heater". The temp setting on this one was IIRC 140 degrees (might actually have been 150...can't remember) which effectively de-solidified the grease where it simply went down the drain.

You didn't want to touch that water and we wore gloves with the hose. It was HOT. We'd even shoot that hot ass water straight down the kitchen drains to keep them clear.

Then one last mop of everything - voila, all the grease/dirt etc completely gone. EVERY night at close, this was the routine for the closing kitchen crew before they punched out.
 
I posted here several years ago about buying a DQ. We eventually decided against it. Their books were awful. We couldn’t figure it out. They wanted $400k for a business that never cleared $30k over a 5 year span. They had to have been cooking their books or they were absolutely horrible at running a business. Good chance it was both.
 
Thinking of opening one next year, just breakfast foods, open 6-1. Then opening on the weekend for evening hours near several bars, say from 6pm to 2 am. I have the location selected, no competition from noon fast food chain places, 16k population for 9 months a year. Too risky?

Dude,

Why the F would you do this?

There's a 95% chance you will regret it.
 
I posted here several years ago about buying a DQ. We eventually decided against it. Their books were awful. We couldn’t figure it out. They wanted $400k for a business that never cleared $30k over a 5 year span.

Without looking at their numbers, there's a good chance they purposely kept their income lower for income tax reasons.

Happens a lot and backfires on some when they try to sell it or try to get a loan from the bank.
 
Would never even consider investing in a bar or restaurant. Especially without a background in industry

Look at auction houses in Iowa and see how many have equipment from restaurants that went under
It's mainly because too many people that know nothing about the industry think they can do it. Just like covid. The well run and managed restaurants survived.
 
Yes, but it has been years since I have been there. When I was there I believe it was called Luckys and was more of a night club than a restaurant.
yea this is on the westside, I'm looking at that and one other location. Currently have an office in the gym across from Wal Mart
 
Thinking of opening one next year, just breakfast foods, open 6-1. Then opening on the weekend for evening hours near several bars, say from 6pm to 2 am. I have the location selected, no competition from noon fast food chain places, 16k population for 9 months a year. Too risky?
Yes as a passive investor. Run unless you want to be an owner operator and do as a hobby. Based on hours it takes probably make less than $10/hour. Let alone staffing/other issues that arise.
 
The numbers don't lie. The fail rate is incredibly high. Everyone thinks they have a better plan idea than the rest, but the 80 percent fail rate in 5 years means the odds are against you. And running a restaurant at a loss is like a degen gambler trying to get out of a hole and can crush your personal finances as well.

Granted I'd say one if not two of those failures out of five are fairly obvious, a lot of idiots with minimal chance of success try to do it and if you've been around the industry at all you can see right away. But the other 2 or 3 might actually be a pretty decent business, just not enough to get to get over the hump to profitability. There's still a pretty big difference between not losing money and actually profiting to the point that it's a career. If you're breaking even and working for free or less than minimum wage then you can't keep doing it.
 
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You really should have a signature dish that grabs people's interest and sets you apart. For a breakfast place, maybe something like an egg white omelette? You could even name the place after it, something like "Whites only".
 
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idiot-sandwich-gordon-ramsay.gif
 
Active or passive?

Sounds like passive.

HUGE difference.
Agree.

My only regret is that I didn't have more money to throw in at the beginning of the deal. The majority owner handled everything for the day-to-day operations.

My family would just hang out at the pool from time to time and that's as much involvement I had in running the place.
 
I'm just skipping to the end and replying so some of this may already be addressed:

My first career was in restaurant kitchens, worked my way from dishwasher up to Executive Chef until ultimately I decided the stress was just too much and changed career paths. I think at the time I was also emotionally immature to where I didn't really grasp that it was the situation that was ****ed, not the entire industry, so I'd likely still be doing it if I had that bit of knowledge... but eh, that's life.

Part of this experience was being through 3 separate restaurant openings. And by openings, I mean I was helping to unbox kitchen equipment.. that early in the process.

Anywho, my first question for anyone who mentions opening a restaurant is if they have prior experience in the industry. I'm not talking worked a server or line job at one point... actual management level experience of a restaurant operation.

If the answer to the above is no, and this person is already stable in life, I'd say don't bother and stick to what you're doing.

I cannot express this enough:

IT IS A BRUTAL INDUSTRY, ESPECIALLY IF YOU'RE JUST GETTING INTO IT. UNDERSTAND THAT YOU MAY PRACTICALLY BE LIVING AT THE RESTARAUNT UNTIL IT GETS ON ITS FEET, WHICH MAY BE AT LEAST 5 YEARS.

I don't know if it's still a current statistic, but 5 years used to be an acceptable benchmark for an independent restaurant to not only succeed but be like, "Wow, you made it 5 years, most don't make it this far." Margins can be very thin and turnover is incredibly high. You also won't have the backing of a franchise marketing campaign.

If you're going down this venture with anything other than an "all in" mindset, you're very likely to fail. There is nothing easy or half-assed about running a successful restaurant. It's nothing personal to you and your work ethic, it can just be an absolute nightmare of an industry to succeed in so people really need to get their mind right before diving in.

A few pitfalls:

Don't overload your menu. Menus with a ton of items are an immediate red flag to me. Don't do 40 things average when you can crush 20, and if you can't crush 20, do 15. Make sure whatever menu you put out there, every item receives attention to detail. If you can't give a menu item that level of detail, don't do it until you can. Odds are you won't have the resources for a large menu out of the gate, so lock down what you can do and build up from there. Pre-fab items from the purveyors will either wreck your food cost or be marginal at best, so find someone who can build a menu mostly from scratch items. This is going to take people who can prep efficiently, but if you have the proficiency to get in... say whole chickens at cost, break them down, then distribute that whole chicken across 4-5 menu items, your food cost will drop to a point where it covers the extra back of the house prep labor. This includes making stock from the carcasses and any celery/onion/carrot "scraps" that would otherwise go to waste can be used in stock. Use that stock in your sauces/soups, and you can immediately see the cost benefit.

Narrow down a genre or style and focus on that. So many places try to be everything to everybody so you'll see a disjointed menu of Asian items, Italian, American, Mexican, etc. etc. I don't know a lot of folks who are simultaneously experts on Sausage gravy and the perfect Mexican Mole. Decide what you want to be and be the best at it, seems obvious but isn't always in practice.

Your restaurant is not your personal hangout nor your employees. The quickest way to lose control is to allow your employees to drink/party at your restaurant/bar (unless it's a scheduled company gathering). Over time they will take advantage of this. It's also not a hangout place for the owner to sit there and get hammered with his buddies. You are inviting a terrible situation by mixing Management/Employees/Customers/Booze. When staff are done for the day, they shouldn't want to hang around and if they are, free drinks are going to be handed out and this leads to my next point........

INVENTORY. Make sure you have inventory systems in place so you don't realize down the line that a certain manager has been stealing a bottle of vodka here and there and it turns out over the course of their tenure they've taken the equivalent of 10 cases of .750 mL bottles of Vodka. Saw that one first hand. People will steal from you, it's damn near guaranteed, have systems in place from the start so it gets caught sooner than later. You don't have to be draconian about it, but you need it.

Those are a few common mistakes I see off the top of my head. I'd be willing to chat and share my experiences if you want to talk to someone whose been through the best and worst of it, at least from the kitchen side.

I don't say these things to make it too daunting for someone to get into it, because it can be a very rewarding industry. I've just had too many friends/colleagues in the past fall into some deep addiction problems (myself included) due to the stress of it all (one died to it) that I always want to make sure that people understand the difficulty before making a potentially life altering decision.
 
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