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9 Replies Last post: Jan 16, 2009 8:02 PM by tomgaz

Concession stand

Jan 14, 2009 6:53 PM

Click to view luv4freedom's profile Professional luv4freedom 7 posts since
Jan 14, 2009

I want to purchase a catering trailer to sell food in fairs and carnivals. The trailer price is $65,000. I have tried several financial institutions but I've had several problems: I'm new to the business and most require at least 2-3 years experience, I need 100% financing or leasing because I want to use my saved money for supplies, I have no collateral and my credit score is 660. And because the concession stand is considered a restaurant by banks, it's considered a high risk business! I have a lot of faith in this business and know I can make lot's of money but can't seem to get it started! Does anyone know of any financial institution that specializes lending money to restaurant businesses specially start-ups?
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
1. Re: Concession stand Jan 14, 2009 7:05 PM
Concession stand, Welcome

I made a New Year's resolution NOT to give out suggestions to postings who do NOT tell me who they are.
Go to Members page and share some info with us.

You also need a Business and Marketing Plan.
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Click to view sdanil's profile Mogul sdanil 93 posts since
Jan 11, 2009
2. Re: Concession stand Jan 14, 2009 7:14 PM
in response to: LUCKIEST

dear luckiest...I never understood what you were implying when you kept asking folks to fill out some info on themselves...thanks...i finally figured it out...i must be a little slow
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
3. Re: Concession stand Jan 14, 2009 7:23 PM
in response to: sdanil
Concession stand

Nice to know that you are LINDA
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Click to view puzzleman's profile Mogul puzzleman 293 posts since
Oct 11, 2007
4. Re: Concession stand Jan 15, 2009 8:08 AM
in response to: LUCKIEST
Luckiest, I think your New Years resolution is a great idea. How can you help someone if you don't know anything about them or even who they say they are??

Jim
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Click to view luv4freedom's profile Professional luv4freedom 7 posts since
Jan 14, 2009
5. Re: Concession stand Jan 16, 2009 4:44 AM
in response to: Iwrite
This is not a school assignment. I AM doing research but only to be more informed when starting the business.
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Click to view puzzleman's profile Mogul puzzleman 293 posts since
Oct 11, 2007
6. Re: Concession stand Jan 16, 2009 7:47 AM
in response to: luv4freedom
A lot of people come to this site and have a great idea to make money. What they don't have is aplan to make it. Anyone can say that it will work but proving it on paper by having a business plan with profit and loss will make it more of a reality.

Contact SCORE as they will help you for free. Also attend college classes to learn about business.

You have told us of your plan but in addition to the above, what background do you have that would lead someone to believe that you have the skills to be able to pull it off?

Jim
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Click to view luv4freedom's profile Professional luv4freedom 7 posts since
Jan 14, 2009
7. Re: Concession stand Jan 16, 2009 9:10 AM
in response to: puzzleman
I did work in the restaurant business for 5 years from cashier to management. My mother-in-law also owned a catering truck for about ten years and she is willing to help us (my husband and I) in our venture.
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Click to view Iwrite's profile Mogul Iwrite 1,101 posts since
Dec 29, 2007
8. Re: Concession stand Jan 16, 2009 10:56 AM
in response to: luv4freedom
Hopefully this will not be marked as "inappropriate" before you can read it.

luv4freedom, I was not saying your post was a school assignment, I was saying I agree with Luckiest and I am not responding to post that do not provide real information. BUT I was going even further and not responding to posts that appear to be homework assignments. I am sorry if it sounded like I was calling this post a class assignment. I was not.

As is the nature of this forum, I was responding to two other comments about the lack of information provided and how I feel about it.

Sorry for the confusion.
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Click to view tomgaz's profile Mogul tomgaz 17 posts since
Jan 9, 2009
9. Re: Concession stand Jan 16, 2009 8:02 PM
in response to: luv4freedom
Concession Stand,

I don't know if we can help you or not but it might be worth a free evaluation. My company offers low-cost, short-term financing for new and established businesses. If you would like to look at some options please feel free to call our office or send me an email.

Tom Gazaway, CMPS®, XCO
Hawkeye Management
1873 Rt. 70 East
Ste. 207
Cherry Hill, NJ 08003
856-433-8134 phone
856-581-7979 efax
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