Making Dough Show | Restaurant Show

HOW TO OPEN A RESTAURANT WITH NO MONEY


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 How to Open a Restaurant with no money 

Maybe you feel stuck working at a restaurant for years and you are researching online ways to open a restaurant with no money which is a question I received from Joseph. 

Joseph sent us a message on our website. You can do the same, go to our website MakingDoughShow.com, scroll down and submit your question and I’ll be happy to cover it in a future show. 

Joseph is passionate about cooking and he asked me how he can open a restaurant with no money. 

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// WHO:

Hengam Stanfield is the co-owner of two restaurants in San Antonio alongside his husband Matt. Their background is in engineering. They tripled their restaurant sales in less than 5 years with 0 prior restaurant experience.They believe every restaurateur deserves owning a restaurant that does not own them. 

Let’s talk about why you need money to open a restaurant! 

We have 2 scenarios: 

  1. Build Out a new restaurant 
  2. Buy an existing restaurant 
  3. Building out a restaurant from scratch can cost anywhere between 50K to 70K.. 

    It would involve a landlord giving you somewhere around 90 days after which the rent will start. 

    You have 90 days to BUILD the restaurant OUT. I mean, flooring, gas pipes, plumbing, makeline, walk in and other refrigeration, plates, forks, stove, AC unit, POS, bar, tables, chairs.. Everything. You get the idea! 

    I strongly not recommend a Build Out if you are new OWNING restaurant. 

    Owning vs working at a restaurant is very different. 

    I talk about this in the show. It requires a totally different sets of skills to OWN vs work (server, chef) at a restaurant. 

    A build out is very stressful and expensive. You need to make hundreds of decisions and if you are tight when it comes to money it’s not recommended.


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