Author Topic: looking for advice on opening my first place...  (Read 1304 times)

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Offline matteo_0144

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looking for advice on opening my first place...
« on: August 26, 2010, 03:19:49 PM »
hey guys, I have been looking at doing my own store now for a while and need some advice. Im 24 , and have been making pizza's since i was 12 and began running a small pizzeria by my house at the age of 15. Im tired of working for others and I have 2 options im debating on here.. 1) a 3600 sq ft wood burning brick oven place is for sale by my house for 100k, I worked there for 2 years and then it was sold and since then the wkly business has dropped in half. (does roughly 7-10k ) i was going to make an offer of 80,000 and the store would need about 15k in new stuff I feel.. the build out was done in 2003. major prob is the rent 8700 a mo. the landlord is willing to neg a new rent with a new tenant..i would feel 5,000 is a fair rent there.... option 2... build a store from scratch in a differnt area in a bran new 6 tenant strip mall with rent cost of 15 a sq ft and spend about double the money  i figured about 200k for a 2,000 sq ft store with a brick oven... What is a better way to go.? fresh everywhere or take a bleeding existing store and fix the problems and hope it works.....


Online Pete-zza

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Re: looking for advice on opening my first place...
« Reply #1 on: August 26, 2010, 03:25:52 PM »
matteo_0144,

In parallel with your post here, you might want to register and post your questions at the PMQ Think Tank forum at http://thinktank.pmq.com/viewforum.php?f=6 where mainly professional pizza operators meet and where I have seen questions like yours before.

Peter

Offline crazycarlspies

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Re: looking for advice on opening my first place...
« Reply #2 on: November 16, 2010, 08:19:32 PM »
well I opened a place in Nov 2009 and but im in Colorado but my rent is only about 800 a month for about 1500 ft I think u would be better off with the existing business just for the fact that people already know there is pizza there even thou u need to fix things u still have that 50 percent that still eat there already.   Just a thought