Originally Posted by
tgull
I have never understood why people with no restaurant experience think they are smart enough in another profession they can run a restaurant.
I knew two people that were successful in life (one was a sales guy, the other a CPA) that went into the restaurant business.
The Sales Guy opened up a place that only served breakfast and lunch. While the place was generally busy he never could get his costs under control and just cut his losses and went back into sales. He says he lost $50,000 but I believe it was much higher since he eventually had to sell his house and moved into an apartment. He was single so he really was not hurt in the long term.
The other guy, a CPA was a silent partner, but 51% owner with a chef. It was an Italian place, after a year of losses he became very un-silent and began showing up on Friday and Saturday nights and arguing with the chef. I was there one night and you could hear them screaming in the kitchen. One waitress was actually crying and this was a Friday night! Talk about uncomfortable!
Anyway, that placed closed too and he lost a ton of money.
Reply With Quote
