I could not be happier. I got approval for my funding! Up until now that was my biggest concern.
Quick overview: I put 30% down on an already established cafe in Miami Beach, Contract states I will have remaining monies paid by the 30th of this month. Not having the funds on hand, it meant applying for small business loans, or finding a private invester. All which everyone assured would be very difficult. I met with my local bank (bank of america) and having good standing and knowing that my family and i have banked with them for many years. They sat down with me and my father and came up with a solution to getting me my loan. I requested 35, 000$ and got approved with no problem. I am so thankful to my parents fo being so supportive.
Now that my funds are no longer my big concern. I have so much to do in the next 4 weeks, before i take over the cafe. Many questions I have, I seem to get multiple answers of which none are helping me. Hopefully someone out their in this business community has done something similar and can relate and help me get some answers to my questions.
ps. the current owners are not business savvy and have been unable to help me answer any of these questions. I do not know how they did their paperwork and got licensing, since they do not know how to help me out!?
1.) The cafe is still currently running until the 30th under the previous owner. Can anyone help me understand how licensing works. Is the license transferable? Do I need to apply for one on my own? will I be able to run the cafe with the current owners license until i get my own? Is their a website I can go to to help better understand licensing?
2.) What is an IT number? and how do I get one? Do I need one? Once again, it is just something people have brought up.
3.) I keep hearing that everything I do needs approval and a license. I plan to change the name of the current cafe (Gelato cafe) sounds to much like an ice cream store to me. In order to change the name, someone told me i need approval and a license to put up a sign. Is this true? if so where do I go to get approval? Where do I get signs made for my building? Does anyone know of a company? (decently priced of course)
4.) I need to have a better understanding of the food permit, and where do I go to get one? Or is the current food permit from the owners transferable?
5.) Is their any other licening or documentation I must have in order to run my cafe? ( beer and wine is an idea, but maybe later on)
Note: I know it seems like alot of questions that a business owner should know in order to run a succesful business. However, unfortunately these are things I have not learned at school nor at my current job. I know once i get up and running I will run a succesful business. Its just getting to that point that I need help with. I know it is alot, but if anyone can help answer any of these I would greatly appreciate it!