Quote:
Originally Posted by bossku69
a friend of mine was going to open a cold stone creamery. after looking at all the cost, he would basically have to work the place everyday to make money.
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Your friend dodged a bullet. I know someone who got suckered into that, wound up taking a bath. I don't know how they are doing in the rest of the country but they are dying fast down here in FL. Meanwhile mom and pop ice cream shops are starting to boom. Go figure.
Quote:
Originally Posted by Spunky
Buy yourself a hotdog cart and sell to the drunks after the bar,you be rollin in the bling bling
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I looked into doing this a few years ago. Not real hotdogs though, veggie dogs. There's one in Orlando that does good business, was thinking about doing one in Ybor or downtown St. Pete. Doesn't take alot of money to get going, but even something as simple as a hot dog cart with other people manning it requires a time investment I just don't have right now, and in reality probably won't have for a few more years.
If I had a 9 to 5 working for someone else I could do it, but I can't stack a business on top of a business, not right now anyway.
I mean, in my opinion if you open up your own restaurant or you go with a chain you'd be looking at a min of a year or two of full time blood, sweat and tears getting it to where you want it to be. But I think if you were going to break out and do your own thing independent of a franchise it should be something you're passionate about, or at least something you have some hands on experience with.
If you launch your own concept you have total management over your costs, concept, etc- but the plus of going with a franchise is they put money into market research to try and stay on top of what people like and what people want. They are selling you a formula that has worked. Unless you have your finger on the pulse in that industry- especially with the high failure rate of restaurants-that's a pretty heafty dice roll.