Hawaiian BBQ restaurant Investment?
See L&L growing, like to open the Hawaiian BBQ restaurant.
I got a great deal, the owner runs a teriaki restaurants, no experience. The space 1600 sf. in a busy shopping center near Target, Marshall…
I can get it for ,000 with all equipments, only 3 years old.
The rent is high, 00/mo, the lease ends July, 2009;
elec & gas 00/mo, the average annual sale 0,000, grocery about 30%, employee 30%…
If I take over, I definitely can drop grocery & employee at least 25%, that I can get over 20 - 30% net profit. My conservative net profit at least ,000 per year.
Within 3 months, I can get my investment back. Gradually I will convert it to Hawaiian BBQ, there is new opening in the city, but far away.
1, Do you think it is good investment to buy the restaurant?
2, any idea how to miminize the risk?
3, pick good name for the restaurant?
4, don’t worry about competition? There are 19 L&L in my city - San Diego.
5, how to promote my restaurant business?
Thanks
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