start your own business

[mredskins]

It all comes down to food cost. Wonder why so many Pizza joints? Easiest start up and the cost of making a pizza is very low. So you can absorb a lot of hits like mistakes, spoilage, folks stealing etc...

If you have a steak house food cost is very high doesn't take much from the above pitfalls to put you in the red really fast.

I think someone on here owns a Pizza type restaurent, I forget who.

[firstdown]

Originally Posted by mredskins

It all comes down to food cost. Wonder why so many Pizza joints? Easiest start up and the cost of making a pizza is very low. So you can absorb a lot of hits like mistakes, spoilage, folks stealing etc...

If you have a steak house food cost is very high doesn't take much from the above pitfalls to put you in the red really fast.

I think someone on here owns a Pizza type restaurent, I forget who.

Slingin Sammy 33 has a place in Va Beach but I don't think its his primary income. I've been wantin to check it out one day for lunch but it seems anytime I'm in that area I'm in a rush.

[mredskins]

Originally Posted by firstdown

Slingin Sammy 33 has a place in Va Beach but I don't think its his primary income. I've been wantin to check it out one day for lunch but it seems anytime I'm in that area I'm in a rush.

Okay you are right.

[Slingin Sammy 33]

Originally Posted by firstdown

Slingin Sammy 33 has a place in Va Beach but I don't think its his primary income. I've been wantin to check it out one day for lunch but it seems anytime I'm in that area I'm in a rush.

I've been waiting on you, Beem & Beem's pop, and some of the other guys down here to show up

The pizza place is an investment business that has turned into nearly a full-time second job. When the economy is running fine things are good. This recession has definitely slowed my wife and I down in a big way from our plans and timetables for the business. We financed it and had hoped to have it paid in about 3 years, that's not happening now. There's high-margin in the pizza business, so if you have an independent established place, which is what we bought, you can weather the storm. I don't know how the franchises are surviving making $ 5 pizzas & $ 10 loaded pizzas, then paying franchise fees, advertising fees, etc.

If this was our primary income, we would've laid off at least 3-4 more people and picked up hours ourselves to make ends meet through the recession. As it is we just cut some "dead weight" and scaled back some hours. Also, you're tied to the business. Phone rings and someone calls out sick, doesn't show up, decides to smoke a doob out back by the freezer, and you're going in to cover the shift or handle the situation. Want to take a weeks vacation with your family....think again. You can't be there every open hour so you have to find employees that are trustworthy, we're pretty lucky in that regard. You have to deal with landlords, pests, vendors who will stick it to you if you don't watch every invoice.

It's got its ups and downs, in this economy its been more downs than ups. Talking with food vendors and other folks that own restaurants/bars, we're doing comparatively well so we're definitely thankful for that.

I would advise anyone looking to start their own business take first's advice, be prepared to have little-to-no income for two years. Without my "day" job, we'd be in a tough situation.

[firstdown]

Originally Posted by Slingin Sammy 33

I've been waiting on you, Beem & Beem's pop, and some of the other guys down here to show up

The pizza place is an investment business that has turned into nearly a full-time second job. When the economy is running fine things are good. This recession has definitely slowed my wife and I down in a big way from our plans and timetables for the business. We financed it and had hoped to have it paid in about 3 years, that's not happening now. There's high-margin in the pizza business, so if you have an independent established place, which is what we bought, you can weather the storm. I don't know how the franchises are surviving making $ 5 pizzas & $ 10 loaded pizzas, then paying franchise fees, advertising fees, etc.

If this was our primary income, we would've laid off at least 3-4 more people and picked up hours ourselves to make ends meet through the recession. As it is we just cut some "dead weight" and scaled back some hours. Also, you're tied to the business. Phone rings and someone calls out sick, doesn't show up, decides to smoke a doob out back by the freezer, and you're going in to cover the shift or handle the situation. Want to take a weeks vacation with your family....think again. You can't be there every open hour so you have to find employees that are trustworthy, we're pretty lucky in that regard. You have to deal with landlords, pests, vendors who will stick it to you if you don't watch every invoice.

It's got its ups and downs, in this economy its been more downs than ups. Talking with food vendors and other folks that own restaurants/bars, we're doing comparatively well so we're definitely thankful for that.

I would advise anyone looking to start their own business take first's advice, be prepared to have little-to-no income for two years. Without my "day" job, we'd be in a tough situation.

I'd like to stop by for lunch one Monday-Friday to have lunch but I'm only in that area a few times a month. Are you ever there around lunch time?

[Slingin Sammy 33]

Originally Posted by firstdown

I'd like to stop by for lunch one Monday-Friday to have lunch but I'm only in that area a few times a month. Are you ever there around lunch time?

My office is only about 15 min. away just shoot me a PM when you want to stop by.

[firstdown]

Originally Posted by Slingin Sammy 33

My office is only about 15 min. away just shoot me a PM when you want to stop by.

I will do that in the next week or so.

[Beemnseven]

Originally Posted by Slingin Sammy 33

I've been waiting on you, Beem & Beem's pop, and some of the other guys down here to show up

The pizza place is an investment business that has turned into nearly a full-time second job. When the economy is running fine things are good. This recession has definitely slowed my wife and I down in a big way from our plans and timetables for the business. We financed it and had hoped to have it paid in about 3 years, that's not happening now. There's high-margin in the pizza business, so if you have an independent established place, which is what we bought, you can weather the storm. I don't know how the franchises are surviving making $ 5 pizzas & $ 10 loaded pizzas, then paying franchise fees, advertising fees, etc.

If this was our primary income, we would've laid off at least 3-4 more people and picked up hours ourselves to make ends meet through the recession. As it is we just cut some "dead weight" and scaled back some hours. Also, you're tied to the business. Phone rings and someone calls out sick, doesn't show up, decides to smoke a doob out back by the freezer, and you're going in to cover the shift or handle the situation. Want to take a weeks vacation with your family....think again. You can't be there every open hour so you have to find employees that are trustworthy, we're pretty lucky in that regard. You have to deal with landlords, pests, vendors who will stick it to you if you don't watch every invoice.

It's got its ups and downs, in this economy its been more downs than ups. Talking with food vendors and other folks that own restaurants/bars, we're doing comparatively well so we're definitely thankful for that.

I would advise anyone looking to start their own business take first's advice, be prepared to have little-to-no income for two years. Without my "day" job, we'd be in a tough situation.

I know. Sorry man.