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    2 Replies Latest reply on Feb 19, 2009 12:46 PM by Swerte8

    opening a restaurant

    Swerte8 Newbie
      I have an idea of opening a restaurant with a possibility of franchising after the first year of business. i found out that there is one particular establishment whom cornered and monopolizes this certain services and is a multi million dollar corp. i would bring new "flavor" to the restaurant field and more importantly competition to the market.
      my problem lies with the Banks. i have never owned, manage or worked in a restaurant before. my credit is in the mid 500 and i have spent all of my savings staying a float in the housing market.
      all i have is just the Idea and plans of how the restaurant will look, from the exterior and interior walls down to the menu line up.
      what steps do i take to make it more formal and most importantly convincing the banks that im sitting on a multi million dollar idea?