Introduction - Restaurant Ownership
Once upon a time, restaurant ownership was a happy-go-lucky kind of trade. I opened my first restaurant on $30,000. Going into the first weekend after opening, we had $2.99 in our bank account. Thanks to a mailer we sent out, we had a great weekend. That restaurant, Tequila Sunrise Mexican Grill, in Oakland Park, Florida, turns 30 this month. However, we restaurant owners have seen unflinching inflation, soaring rents, and labor costs making restaurant ownership like a game of Pin-The-Tail-On-the-Donkey that owners, the donkeys, canโt win. What owners desperately need is a community of experienced restaurant pros that can answer questions to help them make decisions that will keep more money in their bank accounts. Weโll tackle everything; food and beverage costs, labor costs, menu costing & planning, how to save on taxes and those scandalous โmusic licensing feesโ, pretty much all things on your P&L and marketing platters. If youโre in the restaurant industry, introduce yourself. Weโd like to know your experience and a little about where youโre from. Iโm in Central Florida and most recently founded the Fish Camp on Lake Eustis 9 years ago, starting with no money and selling it last year as the #1 Restaurant in Tavares on TripAdvisor. Letโs put our best ideas together to Make Owning Restaurants Fun Again.