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Admiralty Flag posted:He got a burn permit for all his cash.
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Dec 15, 2022 22:15
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Interior remodel which means I can get power and gas on over there which will make it easier to get stuff done. The village solicitor actually nastygrammed my wife about some sort of vacant building fee until she went into an office where a nice clerk wrote “plumbing, electrical, carpentry” in the space that was labeled “plans” and charged $25. Now that lawyer can shove it up his rear end and ALSO we can do any nonstructural interior work we please. It’ll be so nice just to have heat and lights in there
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Dec 16, 2022 10:49
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in'
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Rationale posted:Interior remodel which means I can get power and gas on over there which will make it easier to get stuff done. Poster wife doing all the paper and planning work thats getting done at all: confirmed OP can get back to the weird subset of business prep that appeals to his hoarding instincts
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Dec 16, 2022 16:07
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jemand posted:Poster wife doing all the paper and planning work thats getting done at all: confirmed In some other online forum, OP's wife is posting her version of all of this; receiving encouragement and praise from all the people in her thread who see the well-detailed business plans and clear understanding of the path forward.
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Dec 16, 2022 17:34
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LanceHunter posted:In some other online forum, OP's wife is posting her version of all of this; receiving encouragement and praise from all the people in her thread who see the well-detailed business plans and clear understanding of the path forward. You are mistaken. Nobody will believe her donut business could succeed because she doesn't have wrestling trophies.
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Dec 16, 2022 17:36
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Op You can decorate the donuts with little wrestling belts I'll take one as payment for this incredible idea
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Dec 16, 2022 21:11
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call 'em Jabronuts
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Dec 16, 2022 21:27
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Midjack posted:OP read this article: https://torontolife.com/food/restaurant-ruined-life/ Did you fully complete this step, OP? I think you'd said something about not serving alcohol so you'll be fine, so I suspect you read it maybe once. The "read it a second time" does some work here. The folks telling you to come up with essentially a stop-loss system (yes like casino gamblers or stock gamblers) are trying to make it less likely that this will be you. Did you ever get a quote from your buddy, the one who makes money selling products to people who think they can run restaurants, here's some free donut-making guides (which is an actual business)? How badly is he going to scalp you for? Also how much have you spent on this project already? $15k of your $75k? How much more do you "realistically" expect to shell out before you open for business?
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Dec 17, 2022 06:27
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CubicalSucrose posted:Also how much have you spent on this project already? $15k of your $75k? How much more do you "realistically" expect to shell out before you open for business?
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Dec 17, 2022 15:39
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I read it a second time and I don’t want to disparage the author but the $450 spent cleaning a grease hood was a red flag and so was shutting down for a week in late summer. I think my approach differs from the author’s in that they set out to be a restauranteur whereas I was like “how can this asset make us money?” Drive-through coffee was appealing because there isn’t much local competition and the inputs are relatively cheap. Then of course it would include espresso drinks because people will only pay so much for drip. Then we looked at how many people we could possibly serve in a given day and concluded that if our average ticket was only $3 we couldn’t make money with an all-day rush. We couldn’t really lean into the premium espresso angle because nobody here gives enough of a poo poo to pay an extra $2 for their stimulants. We had to add food. Doughnuts are a pretty obvious choice here. They’re made before service and they hold up all day. They go right out the window and people won’t be bumping into each other assembling them. The ingredients are generally shelf-stable so if a freezer goes out I’m not losing sausage patties and chicken schnitzels. There’s nothing to special order about them so oblivious dweebs can’t hold up the line. The margins are good, the process is fast, so on and so forth. The coffee can pay the bills but there’s sort of a hard upward limit on its revenue. The doughnuts have potential to make silly money.The doughnuts can be sold out the drive-through window alongside the coffee but they could also be sold out of a truck or via order form or wholesale or a bunch of other ways I haven’t thought of. I’m gonna start crying when it hits 200k and keep crying til it makes 1k/day.
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Dec 17, 2022 18:18
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Other enterprises we considered were country store, motorcycle mechanic, bicycle shop, book store, and gym. I thought about making it into a plumbing workshop and using it to build prefabricated plumbing batteries to sell to contractors maybe even deliver it real nice where their guys can just square it up and tie it in. But then I’d have to sell that service and I’m generallly facetious to the point where people find me obnoxious so I’d rather go with something that sells itself
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Dec 17, 2022 18:38
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Rationale posted:I was like “how can this asset make us money?” No you didn't
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Dec 17, 2022 19:23
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Rationale is absolutely more realistic than t he guy in that article lol. Being a home cook actively makes you a worse restaurant owner.
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Dec 17, 2022 20:00
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Rationale posted:Then we looked at how many people we could possibly serve in a given day and concluded that if our average ticket was only $3 we couldn’t make money with an all-day rush. What number of maximum people served per hour did you come up with? The OP says 800 coffees and 800 donuts between 6 and 10. Is that still what you’re using as a baseline conservative sales estimate?
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Dec 17, 2022 20:38
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LeafHouse posted:What number of maximum people served per hour did you come up with? The OP says 800 coffees and 800 donuts between 6 and 10. Is that still what you’re using as a baseline conservative sales estimate? The numbers change any time anyone asks
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Dec 17, 2022 20:45
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Those numbers are pretty pie-in-the-sky. Doable and feasible aren’t the same thing. With a simple enough menu where people pull up and say “this and that” and pull around with exact change we can hit an order every 20 seconds but accounting for silly billies on either side of the till can triple that timeframe or more. Luckily 200 cars a day spending $5 each will net me something like $600 so I’m not scared
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Dec 17, 2022 20:49
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Rationale posted:Other enterprises we considered were country store, motorcycle mechanic, bicycle shop, book store, and gym. that plumbing idea sounds potentially promising tbh. Most of your other ideas require high volume and nothing about the area you've described sounds like it'll support that. I don't really know what you're talking about with "plumbing batteries" but whatever it is clearly trades on your current expertise and so is an automatic high wall for any competition, is a much lower volume business so you don't need to make nearly as many sales, and presumably you could ship or deliver to a much larger surrounding area, because the frequency of people needing this is rare enough they are willing to have it transported a fair distance. So a much larger addressable market area. If your sales personality is so seriously off putting why do you think a business that requires hundreds of sales a day is the better option? Edit to add: Other benefits of plumbing sales is that it requires far less building modifications or permitting, and has a much nicer transition from your current gig. Can built up a few orders at a time on weekends / evenings etc to build out your sales network and skills, and then you'll have at least some proved cashflow on the day you quit your main job. You won't have to coordinate a "grand opening" and hype general consumer buzz, etc. jemand fucked around with this message at 21:45 on Dec 17, 2022 |
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Dec 17, 2022 21:35
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Rationale posted:Drive-through coffee was appealing because there isn’t much local competition and the inputs are relatively cheap. Then of course it would include espresso drinks because people will only pay so much for drip. Rationale posted:Those numbers are pretty pie-in-the-sky. Doable and feasible aren’t the same thing. With a simple enough menu where people pull up and say “this and that” and pull around with exact change we can hit an order every 20 seconds but accounting for silly billies on either side of the till can triple that timeframe or more. There's a reason everyone told you to make a business plan, quite a few ventures only work if certain conditions are met. You don't even know what those conditions are, let alone whether you can meet them.
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Dec 17, 2022 22:14
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follow up question OP -- is that plumbing concept the only business to business idea you've considered? That building is not really the sort of building that screams out "direct to consumer" ANYTHING. And yet, consumer poo poo is so much more readily to mind for people who are just new to owning businesses who aren't thinking in great detail about anything, but just grabbing some random concept they are used to paying for at some point in the past themselves. B2B sales is where lots of money is at, though, so you really should have considered it far more comprehensively. Especially with THAT building.
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Dec 17, 2022 22:31
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My husband worked in a shop doing brazing for a concept that I think is similar to what you are talking about re the plumbing idea and that place was making money hand over fist. It's a way better idea then loving donut murder shack
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Dec 17, 2022 22:51
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The plumbing thing sounds good OP.
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Dec 17, 2022 23:09
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OP I would get donuts at the Donut Murder Shack but that might just be me. I really think the plumbing thing sounds more fun to work at as an owner and like a much much more profitable venture for you.
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Dec 17, 2022 23:25
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Rationale posted:Drive-through coffee was appealing because there isn’t much local competition There was so, so much about this post that was dumb, bad or flat out wrong, but this jumped out at me. Have you ever wondered WHY there’s not much competition in the area for murdershack doughnuts?
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Dec 17, 2022 23:39
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Scientastic posted:Have you ever wondered WHY there’s not much competition in the area for murdershack doughnuts? Phbbt, that's spreadsheet stuff for 
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Dec 18, 2022 00:09
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Rationale posted:I read it a second time and I don’t want to disparage the author but the $450 spent cleaning a grease hood was a red flag and so was shutting down for a week in late summer. Sell the hut, Doobie
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Dec 18, 2022 00:27
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Scientastic posted:There was so, so much about this post that was dumb, bad or flat out wrong, but this jumped out at me. That's the whole gamble if you ask me. Everything else is "you don't got what it takes" which may or may not be true. Whether there's an untapped market is whether he's got a hand or not. Everything else idiots fumble through plenty often
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Dec 18, 2022 01:49
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It’ll work or it won’t and it doesn’t depend on my homework grade which one it is
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Dec 18, 2022 02:00
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Rationale posted:It’ll work or it won’t and it doesn’t depend on my homework grade which one it is If only there were some way to judge whether it was likely to succeed before spending a shitload of money on it...oh well, put this inheritance on 17 black and let it ride!
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Dec 18, 2022 02:14
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Rationale posted:Other enterprises we considered were country store, motorcycle mechanic, bicycle shop, book store, and gym. You can always hire someone to do the sales side for you in a plumbing business. Or, honestly, you probably already know enough people and enough about what you do that you can be successful as long as you tone down the facetious side. That's a challenge, but not on the level of creating a Donut Shanty. Motorcycle repair could work there too. I took my car to a dude who worked in a graffiti splattered garage that I found in the back of the free newspaper. He did great work at a reasonable price. Be that dude. He came in at 9, left at 6, never worked weekends, and would usually offer me a beer when I came to pick up my car. The other three are still bad ideas, but better than donuts. Books don't expire and can be shipped easily. The country store would probably attract the high schoolers in the area and people who need a few necessities but don't want to fight Wal-Mart. And CrossFit Hovel could totally attract that hardcore, "I DON'T NEED NO LUXURIES TO WORK OUT!" type. But do not do donuts. The location blows, the building blows, and you're not very good at it.
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Dec 18, 2022 02:44
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If I open the plumbing shop before I open the donut shop what am I gonna put at the break table for my guys? Nerds
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Dec 18, 2022 02:49
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How to make this asset bring in money: Rent it to a plumber, donut shop, coffee shop, automotive repair, etc..
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Dec 18, 2022 03:07
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i think you mentioned making kits for businesses and i thought that was a good idea. particularly for businesses opening restaurants that needed certain hardware or plumbing. anyways i opened this thread in the morning, shut it and immediately bought donuts at dunkins. mainly because they are close, the other option being a panaderia i would spend too much at. because its delicious and not necessarily expensive. anyways 2 donuts and a peppermint latte was around 10$ how would that compare to your prices? also do NOT make apple fritters as donuts with an apple jelly it is triggering. it should be a weird figure 8 with apple chunks in it. much better.
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Dec 18, 2022 04:05
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Edgar Allan Pwned posted:anyways 2 donuts and a peppermint latte was around 10$ how would that compare to your prices? also do NOT make apple fritters as donuts with an apple jelly it is triggering. it should be a weird figure 8 with apple chunks in it. much better. That's what we call an apple fritter around here; what you described is an apple-filled doughnut
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Dec 18, 2022 05:56
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Why not do b to b selling donut equipment?
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Dec 18, 2022 13:27
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Yeah the next venture will probably be to hire 4-5 trades people and have them refurbish liquidated equipment, hot swap it into restaurants that are desperate to stay open, build and deliver prefab wet walls, fit out food trucks, lots of untapped value in the equipment auctions. I bet a restaurant would pay drat near msrp for used equipment that’s making food two hours after their poo poo broke down. I wonder if they’d permit a butcher truck like instead of panicking the animals for a whole day before they’re cut up could the butcher just pop them one by one behind the milk house and pack them for freezing. The truck could have generators and hoists and poo poo all over to make it easy for the butcher(s). Then my garden could eat all those sweet nasty guts. Takes money to make money and my job hardly pays. Betting on the bakery cafe to take me up a level so I can make even sillier moves.
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Dec 18, 2022 16:47
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https://www.youtube.com/watch?v=bMROrzozQjo
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Dec 18, 2022 17:07
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Rationale posted:Yeah the next venture will probably be to hire 4-5 trades people and have them refurbish liquidated equipment, hot swap it into restaurants that are desperate to stay open, build and deliver prefab wet walls, fit out food trucks, lots of untapped value in the equipment auctions. I bet a restaurant would pay drat near msrp for used equipment that’s making food two hours after their poo poo broke down. Should you maybe finish this venture first
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Dec 18, 2022 17:16
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Rationale posted:Yeah the next venture will probably be to hire 4-5 trades people and have them refurbish liquidated equipment, hot swap it into restaurants that are desperate to stay open, build and deliver prefab wet walls, fit out food trucks, lots of untapped value in the equipment auctions. I bet a restaurant would pay drat near msrp for used equipment that’s making food two hours after their poo poo broke down. Maybe you could ask restaurants what they’d be willing to pay for a massive inventory of equipment for emergency install. In a small market, without food safe certifying the equipment they’d be buying from you. I wouldn’t count on the Perkins for business though.
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Dec 18, 2022 18:43
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Rationale posted:I think my approach differs from the author’s in that they set out to be a restauranteur whereas I was like “how can this asset make us money?” My brother in Christ, if it were an asset people would be willing to buy it off you. You inherited a liability.
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Dec 19, 2022 20:49
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You ever hear the one about the guy who drops five bucks in the shitter so he throws in a 20 because he doesn’t wanna get in the shitter for five bucks
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Dec 19, 2022 23:11
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