Successful Restaurant Guaranteed?

baygo · 08-09-2019, 01:19 PM

Quote:

Originally Posted by Descant

Baygo, this is a great thread, if only for the group exercise. Thank you.
I'm missing the ability or desire of newly retired folks to work the necessary hours.. I thought the idea of eight partners was to eliminate the need (or reliance) for hired staff that is so difficult to find.

Yes... thank you... this has been good conversation but know FLL and the Walmart solution.

fatlazyless · 08-09-2019, 03:12 PM

Quote:

Originally Posted by baygo

Yes... thank you... this has been good conversation but know FLL and the Walmart solution.

Doesn't Walmart operate basically like a consignment store, with little to no investment in their inventory, because their 100's of different Walmart suppliers get paid maybe 30-days after an item gets scanned and sold.

Sysco restaurant food supply and NH Liquor Store commission would probably say 'no way' to a restaurant asking for a payment plan like that. A restaurant probably has to pay for its food/liquor at time of delivery so it has a big payout investment before it gets resold to a restaurant patron.

Mr. V · 08-09-2019, 04:53 PM

Baygo, I think you're on the right track.

Given the difficulty hiring good, motivated employees, restaurateurs will need to "think outside the box" and adjust as the times require.

I'd suggest some form of corporate entity instead of a partnership.

Sounds like a good opportunity for a retiree to get back in the game .

Best of luck.

08-09-2019, 04:53 PM	#3
Mr. V Senior Member Join Date: Jun 2004 Location: the left coast (Portland)and West Alton Posts: 1,432 Thanks: 66 Thanked 261 Times in 179 Posts	Baygo, I think you're on the right track. Given the difficulty hiring good, motivated employees, restaurateurs will need to "think outside the box" and adjust as the times require. I'd suggest some form of corporate entity instead of a partnership. Sounds like a good opportunity for a retiree to get back in the game . Best of luck. __________________ basking in the benign indifference of the universe

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