06-18-2019, 10:04 AM
(06-18-2019, 09:38 AM)Luvnit2 Wrote: Keys to a good business start up in the food business Fast food which pizza includes pizza):
1. Low overhead - keep rent low so place like Covington likely extremely low overhead.
2. Keep start up costs low for décor and equipment.
3. Brand the business, Jones seems to have branded it well with former Bengals items on the menu.
4. Keep food and paper costs down - Pizza has around a 15% cost so one of the best money makers. The alcohol can be tricky, due to theft, added insurance costs and others costs has to be managed well.
It appears they have a great business plan, as far as the class comment, it is a fast food bar/restaurant so you don't spend $500K on décor, if he did quick way to go out of business. I am surprised he did not go with orange and black décor, red is traditional pizza, but he is trying to brand Bengals into his business,
He'll rack up plenty of replacement costs in those chairs, especially if a group of guys my size or bigger venture in..
Volson is meh, but I like him, and he has far exceeded my expectations
-Frank Booth 1/9/23