U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics > Business
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-06-2018, 01:44 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
25,386 posts, read 43,127,831 times
Reputation: 28225

Advertisements

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).
Reply With Quote Quick reply to this message

 
Old 07-06-2018, 05:38 AM
 
Location: Striving for Avalon
1,431 posts, read 2,183,295 times
Reputation: 3422
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).
Reply With Quote Quick reply to this message
 
Old 07-06-2018, 06:23 AM
 
7,801 posts, read 3,664,012 times
Reputation: 22197
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.
Reply With Quote Quick reply to this message
 
Old 07-06-2018, 03:55 PM
 
Location: Silicon Valley
4,918 posts, read 2,204,485 times
Reputation: 7954
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!
Reply With Quote Quick reply to this message
 
Old 07-07-2018, 10:11 AM
 
1,061 posts, read 466,069 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.
Reply With Quote Quick reply to this message
 
Old 07-07-2018, 11:43 PM
 
Location: Connecticut
4,360 posts, read 3,425,464 times
Reputation: 2983
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.
Reply With Quote Quick reply to this message
 
Old 07-08-2018, 08:51 AM
 
Location: Metro Michigan
1 posts, read 343 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.
Reply With Quote Quick reply to this message
 
Old 07-08-2018, 05:14 PM
 
Location: Pennsylvania
16,441 posts, read 5,671,311 times
Reputation: 13218
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?
Reply With Quote Quick reply to this message
 
Old 07-08-2018, 05:21 PM
 
80,396 posts, read 78,727,210 times
Reputation: 56884
LET US WOK YOUR DOG lol
Reply With Quote Quick reply to this message
 
Old 07-08-2018, 05:24 PM
 
Location: USA
185 posts, read 106,666 times
Reputation: 369
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.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Business
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top