Saturday, October 28, 2006

Recipe for a Restaurant

Everyone who likes pubs wants a watering hole where they’re known by name. I am offering a real opportunity for my reader(s). Buy The Patio for, say, $60K, and find 10 investors to split the cost with. With ten $6,000 investors, two can work a single day a week and split the fifth Saturdays. In fact, since I already know that Berkeley will let the business remain open until midnight, there’s every reason to believe that every investor will take $100-200/mo in pay, over the cost of running the business. Even at $100/mo, your buy-in costs will be repaid in 5 years (60 months x $100 = $6,000); faster if more than minimally profitable.

Charge yourselves for what you eat and drink, but only at half price to cover costs. I’ll give you all the recipes and stay long enough to teach you what you need to do. Alex will be living in the area, even if I’m not. This is not a bad idea, and you might be able to leverage Captain Phil for a sizeable investment (but I wouldn’t ask him to work in the business). It’s a way for people to join up to make a little profit, and it’s also relatively easy to sell your small share to another person down the road. Remember, you won’t even need to after five years.

It’s a way to get serious without the daily worry. Split the rather simple business and buying tasks among yourselves (the one who works today is responsible for making the bank deposit and leaving the right coins and bills the next morning for the new shift, and they do the same). I’ll provide some bookkeeping software, and one of you can spend 15 minutes per day entering in the day’s purchases/deposit.

It’s also a way to have your cake and eat it too! You’ll all have a key, you can do private stuff on Sundays…whatever you want. Those who don’t have $6,000 can probably get it from friends and family. I think a couple of those Kensington lads would be interested, especially if it gave them a chance to show their fathers how serious they are. And add-ons, like a license to play live music, might be possible with the new midnight hours!

Cheap price, plenty of people to split the work duties, and a hundred a month or more in profit. If you can’t see the value in this one, maybe you’re forever doomed to Neverland.



At Mon Oct 30, 04:59:00 PM PST, Anonymous Anonymous said...

All endeavor calls for the ability to tramp the last mile, shape the last plan, endure the last hours toil. The fight to the finish spirit is the one... characteristic we must posses if we are to face the future as finishers.
Henry David Thoreau

At Mon Oct 30, 05:30:00 PM PST, Anonymous Anonymous said...

i'm cryin' into my beer....
bud, you know when to hold 'em . know when to fold 'em.....
cryin' shame
man,you had the best sandwiches.


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