Sad Story

In one of my previous occupations I worked closely with small businesses in financial trouble.  Almost all the folks had no actual business ownership background, just a lot of experience they felt they could turn into independence.  The people that works for are the ones that make smart decisions, starting small and growing to meet the demand.  Based upon that picture in the article, what they owe, who they owe it to, and the fact they filed BK a year and a half after opening, smart and small wasn't in their wheelhouse. 

With the rare exception of crooks, and I've dealt with those too, most of the folks like this restaurant's owners are great people with a dream and a desire to share what they love.  I checked online and as of March 2017 they've changed their BK filing from Chapter 11 reorganization to Chapter 7 liquidation.  I wouldn't expect to see these folks return, but who knows?

I believe the saying goes -  How do you make a million dollars owning a restaurant, start with 2 million. Obviously this is not the case with all places. I know catering companies who started small and now run successful restaurants and have been going strong for 10 years. There was a food truck in my town doing well selling burgers and specialty sandwiches, they decided to open a restaurant and go all out on decorations and theme. I believe they are now closing after 2 years of business and operating only as the food truck.

Always hate to see a place go under.

I would not attempt a restaurant opening without the cash on hand to keep the doors open for 2 years. I worked with and for a few folks that only had the funds to open, period. Lost every dime inside of a year...JJ