[annoyed]

i've been toying around with the same idea for a while, but the things i've thought about seem to be capital and time intensive. i recently read an article that compares opening your own restaurant to throwing your money away. i guess it depends on location and product/service.

[blackguardx]

I know the guy who started Ike's Place in San Francisco. He went from being homeless at some point in his life to the number one SF restaurant on yelp.com. I think the reason why he is so successful now is because he has some big failures under his belt. He has a tech degree but was always interested in starting non-tech businesses.

[gcheong]

That's quite interesting. I live a block away from Ike's Place and have seen several businesses come and go in that space. I figured the location was just not good enough to support enough traffic for a business. Then one day this little sandwich shop opens up. I write it off as something that won't last based on what I've seen happen to other shops in that space. We'll I'm glad nobody was taking bets that day. Oh, it's lunchtime, I think I'll treat myself to a sandwich.

[percept]

I know franchisers typically want personal assets in the low-to-mid six figures to get started.

A former co-worker had a friend who became a burrito chain franchisee.

Last I heard it was running like a machine and he had already stepped back out of day-to-day management after the chaos of initial build-out and first phase of operations. I think the franchiser wanted him to open up more locations but he was doing well enough with the first that he felt no need to rush into it.

Of course I was told his family was rich and that's where he got the fundage (and he was idle before that), so . . .