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Old 07-06-2018, 01:44 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
20,802 posts, read 37,487,214 times
Reputation: 20864

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Quote:
Originally Posted by SE1SG View Post
1.) Work for a Chinese "Take-Out" restaurant that you like for six months.
2.) Establish a great relationship with the owner.
3.) If after an additional six months, you still like the idea, offer to buy it.
BEFORE you offer to buy it...
Understand the TRUE books!!!
Revenue minus expenses and cost of YOUR capital...divided by YOUR time. (It WILL be a cash transaction, as banks are well aware of the lending risks to food joints. )

Mobile Food Truck / trailer is probably a LOT cheaper than renting a commercial kitchen (if you are only doing take-out).
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Old 07-06-2018, 05:38 AM
 
Location: Striving for Avalon
1,406 posts, read 2,001,773 times
Reputation: 3244
I would question why. It's a low margin, high volume business. Customers expect "cheap" - $7.50 for a pile of (fried) meat in sauce, rice, a fried egg roll, and a cup of soup. The supply networks are classically Chinese - you know your vendors because you worked as a cook in a restaurant before deciding to strike out on your own. Restaurateurs typically all know each other as well, which introduces a new dynamic. The economics also heavily depend on dirt cheap (or even sub-minimum wage) immigrant and family labor.

Personally, I'd rather open something like a thai restaurant. Customers will pay $15 dollars for a plate of fried rice with a few scraps of egg, pineapple, chicken, and carrots (materials cost of $1.50).
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Old 07-06-2018, 06:23 AM
 
3,598 posts, read 1,518,497 times
Reputation: 9889
Quote:
Originally Posted by TaxPhd View Post
How long have you worked in the restaurant industry in general, and specifically in Chinese takeout restaurants?
And....

OP goes silent for two weeks, no answer to this basic question.

I bet OP's never heard of again.
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Old 07-06-2018, 03:55 PM
 
Location: Silicon Valley
2,764 posts, read 1,214,346 times
Reputation: 5091
Quote:
Originally Posted by MrGompers View Post
Stay far away from the restaurant business. However, for those that insist on getting into it anyway read this book by Anthony Bordain Kitchen Confidential first at least twice. I worked in the resturant business before (not as an owner) and everything is this book is gospel.



https://www.amazon.com/Kitchen-Confi...YQJ5398SXNSQ9S
Ordered. Thanks!
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Old 07-07-2018, 10:11 AM
 
1,063 posts, read 323,982 times
Reputation: 1423
Quote:
Originally Posted by MrGompers View Post
Stay far away from the restaurant business. However, for those that insist on getting into it anyway read this book by Anthony Bordain Kitchen Confidential first at least twice. I worked in the resturant business before (not as an owner) and everything is this book is gospel.



https://www.amazon.com/Kitchen-Confi...YQJ5398SXNSQ9S
I'm going to read it and hope that it is not one of those books that will make me never want to eat out again

I am already very selective on where I eat out and what menu items I order based on his other commentary in his show.
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Old 07-07-2018, 11:43 PM
 
Location: Connecticut
3,537 posts, read 2,695,473 times
Reputation: 2305
Quote:
Originally Posted by MechaMan View Post
I'm going to read it and hope that it is not one of those books that will make me never want to eat out again

I am already very selective on where I eat out and what menu items I order based on his other commentary in his show.



I don't want to spoil anything, but I guarantee after reading that book you will never order mussels in a restaurant again.
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Old 07-08-2018, 08:51 AM
 
Location: Metro Michigan
1 posts, read 217 times
Reputation: 10
Are you a Chinese? Where is your location?

I am a realtor, also manage business opportunities.
I have a list of Chinese Resturants for sale in Metro Michigan, ranging from $50,000 & up.
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Old 07-08-2018, 05:14 PM
 
Location: Pennsylvania
9,012 posts, read 3,127,688 times
Reputation: 7102
Quote:
Originally Posted by Sreysrey View Post
I'm thinking to start a Chinese take out. Does anyone have experience with this or work in one? How much do I need, what is the average income? I'm in the researching process now with location search, equipment. When it say need 100k, is that 100k to start a business overall from start to opening or is how much to have in hand for 1 year?
.. "Because the world needs another Chinese restaurant"...

Really? You want to open one of these, where the owners work the fingers to the bones, 80 hours a week?
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Old 07-08-2018, 05:21 PM
 
64,674 posts, read 66,183,819 times
Reputation: 43102
LET US WOK YOUR DOG lol
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Old 07-08-2018, 05:24 PM
 
Location: USA
128 posts, read 65,863 times
Reputation: 276
Quote:
Originally Posted by BeerGeek40 View Post
.. "Because the world needs another Chinese restaurant"...

Really? You want to open one of these, where the owners work the fingers to the bones, 80 hours a week?
Unless you're independently wealthy (or born with a silver spoon), this is the path that most successful small businesses take: "owner's working their fingers to the bone." If you expect great success for less, you're going to be disappointed, regardless of your industry choice. jmo.
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