Lloyd Russell of The Corporate Chef
Lloyd Russell and the Corporate Chef celebrates 50 Years in Business. Harry Russell started the Corporate Chef in March 1961 by opening up his first operation in a Macy’s employee’s cafeteria. In 1975 Lloyd, Harry’s son, was in law school when he started working part time in the business. After a year in the business […]
How Much Money Do You Need to Open and Operate a Restaurant, Bar or Club?
If you are purchasing a restaurant, bar or club business you need to have adequate money on hand as indicated below before you move forward with the acquisition. Let’s assume for illustrative purposes you will be purchasing a business for $150,000 which includes an alcohol license. Purchase Price. In addition to $150,000 cash you will […]
Nectar Wine Lounge Trio
Nectar Wine Lounge at 3330 Steiner Street in San Francisco and is the product of great passion for the world of wine and the life style of which revolves around that world. Nectar offers 50 wines by the glass as well as tastes and flights. The bottle program consists of over 400 selections spanning the […]
What You Are Buying When You Purchase a Restaurant, Bar or Club
When the buyer is purchasing a restaurant, bar or club the purchase includes 1. Fixtures and Equipment, 2. Licenses, 3. Leasehold Improvements, 4. Premises Lease, 5. Goodwill, 6. Cash Flow and 7. Covenant Not to Compete. All of these items are discussed in depth as indicated below. Fixtures and Equipment. This includes all the fixtures […]
Bruce Osterlye of Aram’s Cafe
Bruce opened Aram’s Café in Historic Downtown Petaluma in January of 1989. The menu concept came from Bruce’s Armenian background and the experience gained from working in the hospitality field. Born in San Francisco, Bruce began working as a delivery boy, dishwasher and bus boy in Marin County restaurants before graduating from the City College […]
Things You Need to Know Before You Purchase a Restaurant, Bar or Club Business
You must understand the financial aspects of the business. You must be able to understand how to read and analyze financial statements such as the monthly profit and loss statement, daily sales report and monthly bank statement. It is also helpful to understand how to read a balance sheet but this is not as important […]
Ron Silberstein of Thirsty Bear Brewing Company
Thirsty Bear Brewing Company, housed in a beautiful historic brick building in San Francisco directly across the street form the Moscone Center and Yerba Buena Center, is one of the most unique brewpubs in the country. The restaurant is the first brewpub in the United States to serve an authentic Spanish menu. Thirsty Bear bears […]
Motivations for Buying a Restaurant, Bar or Club
Here are some of the reasons that motivate individuals to go into the restaurant, bar and nightclub business. Make a living and become financially successful. This is a priority motivation of most entrepreneurs that go into business. A well run restaurant, bar and club can be a good vehicle for generating cash flow on an ongoing […]