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Post by Fatty Death Metal on Feb 4, 2017 8:43:54 GMT -5
Would like an update. Please and thank you.
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Post by matt on Feb 4, 2017 12:07:58 GMT -5
Yes, I heard he went to vocational school, learned a highly valuable skill, and will be working as independent contractor. He's buying sporty a new bicycle for her to ride to the donut factory at midnite with all the money he's been making.
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Post by locogato11283 on Feb 4, 2017 13:17:11 GMT -5
Yea, at the same time the left started embracing Trump.
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Post by Angelo on Feb 4, 2017 18:05:21 GMT -5
Sadly no, but I do have a meeting next week with a potential investor for a restaurant. Wish I could have gotten the meeting pre-Trump though, build-out costs are starting to soar because jobs for those companies are being created at such a rate that their rates are up to doubling.
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Post by locogato11283 on Feb 4, 2017 18:30:27 GMT -5
Sadly no, but I do have a meeting next week with a potential investor for a restaurant. Wish I could have gotten the meeting pre-Trump though, build-out costs are starting to soar because jobs for those companies are being created at such a rate that their rates are up to doubling. You are so FOS.
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Post by Angelo on Feb 4, 2017 18:33:22 GMT -5
Sadly no, but I do have a meeting next week with a potential investor for a restaurant. Wish I could have gotten the meeting pre-Trump though, build-out costs are starting to soar because jobs for those companies are being created at such a rate that their rates are up to doubling. You are so FOS. Doubt it, I took a dump about 15 minutes ago, feel quite empty in fact.
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Post by ShittyDeathMetal on Feb 5, 2017 23:33:52 GMT -5
Sadly no, but I do have a meeting next week with a potential investor for a restaurant. Wish I could have gotten the meeting pre-Trump though, build-out costs are starting to soar because jobs for those companies are being created at such a rate that their rates are up to doubling. Post an update after the meeting! But, you don't have job?
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Post by Angelo on Feb 5, 2017 23:41:18 GMT -5
Sadly no, but I do have a meeting next week with a potential investor for a restaurant. Wish I could have gotten the meeting pre-Trump though, build-out costs are starting to soar because jobs for those companies are being created at such a rate that their rates are up to doubling. Post an update after the meeting! But, you don't have job? Home chef for room and board? But no, not by your definition at the moment. I do odd jobs here and there, usually tutoring related but doesn't pay crap. I will after the meeting, supposed to be Thursday. Finished the numbers for it last night, but I have the feeling based on past dealings they are gonna try and screw me over on pay.
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Post by locogato11283 on Feb 6, 2017 0:02:03 GMT -5
So fucking FOS.
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Post by ShittyDeathMetal on Feb 6, 2017 9:45:55 GMT -5
Post an update after the meeting! But, you don't have job? Home chef for room and board? But no, not by your definition at the moment. I do odd jobs here and there, usually tutoring related but doesn't pay crap. I will after the meeting, supposed to be Thursday. Finished the numbers for it last night, but I have the feeling based on past dealings they are gonna try and screw me over on pay. Is it an investor or a job, where you would be paid? Are you just working at a restaurant? Or building one? Why can't you just work at an Applebee's or something if you have experience?
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Post by Deleted on Feb 6, 2017 9:59:29 GMT -5
An investor for the most likely business to go belly up.
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Post by slaytan on Feb 6, 2017 11:01:00 GMT -5
I know a few rich guys, Jackel. I'll hit them up and ask if they want to invest in a restaurant started by a guy who has never had a job.
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Post by Premier on Feb 6, 2017 13:21:52 GMT -5
Angelo, do you have any close family still around (Mom, dad, brothers, sisters, etc). If so, where do they live?
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Post by jamesod on Feb 6, 2017 15:05:46 GMT -5
I'd be willing to bet a fair amount of money that Jackel won't have a W-2 issuing job, and hold it for a full year, before this board goes the way of the mmaweekly forums.
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Post by Deleted on Feb 6, 2017 16:54:40 GMT -5
Honestly Angelo, you probably should just start smoking weed. You could likely use a really strong pot brownie experience. Do some reflection.
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Post by Angelo on Feb 6, 2017 18:08:53 GMT -5
Is it an investor or a job, where you would be paid? Are you just working at a restaurant? Or building one? Why can't you just work at an Applebee's or something if you have experience? Pair of investors who are looking to invest in and open 3 new restaurants in the area. He liked the idea for two of mine, however I'm only dealing with one of them because the other just wouldn't do well out here. It'll be a mixed equity/debt investment and I'll be required to run the place, and the kitchen for a year. After a year I can find and train someone to replace me and leave if I want and live off my equity if it enough. While actually working there though I'm guessing they'll offer about 50k/yr salary (which winds up being under min. wage based on hours). Between the nut, utilities, rent, labor, based on the desired size, only needs 3/4 a turn a day to break even on the lowest calculated check average, anything else is pure profit. Be easy to get 4 turns on a normal Saturday alone. Angelo, do you have any close family still around (Mom, dad, brothers, sisters, etc). If so, where do they live? Not really. My dad sorta around, but he's not in a good way. My mom back in NY but we are basically estranged. Brother lied his way into the Air Force, recently got back from Japan or Germany and is now stationed in DC. All the shit that happened with my Uncle embezzling from the restaurant really broke up all the extended family so don't really have much except friends spread around the country.
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Post by Deleted on Feb 6, 2017 18:16:56 GMT -5
Is it an investor or a job, where you would be paid? Are you just working at a restaurant? Or building one? Why can't you just work at an Applebee's or something if you have experience? Pair of investors who are looking to invest in and open 3 new restaurants in the area. He liked the idea for two of mine, however I'm only dealing with one of them because the other just wouldn't do well out here. It'll be a mixed equity/debt investment and I'll be required to run the place, and the kitchen for a year. After a year I can find and train someone to replace me and leave if I want and live off my equity if it enough. While actually working there though I'm guessing they'll offer about 50k/yr salary (which winds up being under min. wage based on hours). Between the nut, utilities, rent, labor, based on the desired size, only needs 3/4 a turn a day to break even on the lowest calculated check average, anything else is pure profit. Be easy to get 4 turns on a normal Saturday alone. Angelo, do you have any close family still around (Mom, dad, brothers, sisters, etc). If so, where do they live? Not really. My dad sorta around, but he's not in a good way. My mom back in NY but we are basically estranged. Brother lied his way into the Air Force, recently got back from Japan or Germany and is now stationed in DC. All the shit that happened with my Uncle embezzling from the restaurant really broke up all the extended family so don't really have much except friends spread around the country. If the minimum wage is $8, your $50K annual estimate works out to 120 hours per week.
If it's $9, you'll still be working more than 106 hours weekly.
I guess you won't be on the forum much, huh?
When do you start?
Pretty big lifestyle change I'll bet. No more gaming sites for you!
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Post by matt on Feb 6, 2017 18:48:43 GMT -5
Honestly Angelo, you probably should just start smoking weed. You could likely use a really strong pot brownie experience. Do some reflection. I tell this to my non weed smoking friends. a good strong high will give you an interesting alternate perspective on yourself, and everything else. I'd imagine if I were a writer and had writers block that I'd smoke a bunch of weed.
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Post by slaytan on Feb 6, 2017 19:02:43 GMT -5
I know a few rich guys, Jackel. I'll hit them up and ask if they want to invest in a restaurant started by a guy who has never had a job. uhm they said no
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Post by Angelo on Feb 6, 2017 19:22:15 GMT -5
Pair of investors who are looking to invest in and open 3 new restaurants in the area. He liked the idea for two of mine, however I'm only dealing with one of them because the other just wouldn't do well out here. It'll be a mixed equity/debt investment and I'll be required to run the place, and the kitchen for a year. After a year I can find and train someone to replace me and leave if I want and live off my equity if it enough. While actually working there though I'm guessing they'll offer about 50k/yr salary (which winds up being under min. wage based on hours). Between the nut, utilities, rent, labor, based on the desired size, only needs 3/4 a turn a day to break even on the lowest calculated check average, anything else is pure profit. Be easy to get 4 turns on a normal Saturday alone. Not really. My dad sorta around, but he's not in a good way. My mom back in NY but we are basically estranged. Brother lied his way into the Air Force, recently got back from Japan or Germany and is now stationed in DC. All the shit that happened with my Uncle embezzling from the restaurant really broke up all the extended family so don't really have much except friends spread around the country. If the minimum wage is $8, your $50K annual estimate works out to 120 hours per week.
If it's $9, you'll still be working more than 106 hours weekly.
I guess you won't be on the forum much, huh?
When do you start?
Pretty big lifestyle change I'll bet. No more gaming sites for you!
Not that big of a lifestyle change, just more back to the life I used to have. Closer to 120hrs a week because it is 7 days a week, roughly 17hrs/day. I'm hoping that much will only be for first 3 months or so and then can scale back to a split 13hr a day. I'll be on the forums almost as much, I don't think you realize how easy/fast it is to check/type/read even on a phone. As for when I'd start... that wouldn't be up to me. I'd love to start the day after the meeting, but no way that is happening. It can take up to 6 months to get the property and then if they aren't willing to pay the extra to bring in a non-local crew to do the build-out, it'll take about 3-4 months to do the build-out. The plus side though is that they'll pay me a percentage of my salary during that downtime (though my year requirement starts when the doors open). Already have a good creative bartender willing to move out here to be head bartender from Florida, and have two pastry chefs willing to develop desert dishes for the place for well under cost of a normal pastry chef.
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Post by unknownvariable on Feb 6, 2017 19:28:42 GMT -5
I wonder how a couple investors got hooked up with a chronically out of work, 'down on his luck' former cook at his family restaurant, and then decided he'd be the right guy to not only run their new place, but set him up for life after working there for one year.
Good for you, though, Jackal. Crazy thing, a similar thing happened to me the other day. I was out and about with my Minnesota Twins shirt on and the owner of the team walked past and thought I'd be perfect for the GM job. I probably won't do it though, sounds like a lot of hours.
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Post by Angelo on Feb 6, 2017 19:59:58 GMT -5
I wonder how a couple investors got hooked up with a chronically out of work, 'down on his luck' former cook at his family restaurant, and then decided he'd be the right guy to not only run their new place, but set him up for life after working there for one year. Good for you, though, Jackal. Crazy thing, a similar thing happened to me the other day. I was out and about with my Minnesota Twins shirt on and the owner of the team walked past and thought I'd be perfect for the GM job. I probably won't do it though, sounds like a lot of hours. Contrary to what slaytan may say, I haven't always been unemployed, and I do keep in touch with people I've worked with before, and make new connections and friends on a regular basis, and even do odd-jobs off the book for people here and there. Mostly just fact-checking, research kinda shit. It isn't like I haven't had job offers either, just nothing local. The investors in question, one of them I met through my father and I send out ideas from time to time to see if they are interested. They were the ones that told me they and their partner were looking to invest in restaurants because of the growth in demand in STL and submit any ideas I had. They know my management style and like it, and know I know my food and my history with the industry. I submitted 4 restaurant concepts actually, but only one did they accept. Knowing my luck they won't want to go through with it, hell I'm actually gonna be bluntly honest with him (one of the reasons he likes me) and tell him that it is a risky idea long-term since it would have to be located in one of three neighborhoods in STL City which isn't a good thing because of issues with the city. Be better if there was a place in the county instead to open, but with the exception of maybe Soulard nowhere that really has the daily demographics we want outside the city in a great enough number.
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Post by SlappyDeathMetal on Feb 6, 2017 22:27:07 GMT -5
Can we get a look at one of these concepts? Redacted of course, so no one can take your intellectual property. But more for curiosity. I can't imagine what that even entails.
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Post by Angelo on Feb 7, 2017 0:11:37 GMT -5
Can we get a look at one of these concepts? Redacted of course, so no one can take your intellectual property. But more for curiosity. I can't imagine what that even entails. A simple overview of the pro forma for the restaurant 1. Sample permanent menu. 2. Sample of the rotational part of the menu. 3. Food costs of the perm menu. (actually I have to update my numbers before the meeting this reminds me as I used national instead of regional prices) 4. Breakdown of the demographic of the local service area (which is annoying for STL because nobody eats in their own damned neighborhoods) 5. Average revenue per head both a high and a low. 6. Rough layout design. 7. Kitchen equipment needed, along with costs. (this gets financed outs in many cases) 8. Estimated utility costs. 9. Estimated Rent costs. 10. Estimated build-out costs. 11. Needed location specifications for constant turnovers. 12. Locations that meets the previous requirements. 13. Estimated labor costs (this is where it gets a bit interesting in my plan because I have hiring that the government will pay a chunk of as well as some that are independent contractors on a rotational basis) 14. Marketing costs. 15. Non active cooking equipment equipment list (Cooler, dishwasher, etc...) much of this is free in exchange for purchasing from various providers so it is a very unpredictable number. 16. Operating hours, along with reasoning. 17. Potential special events, along with reasons/details. 18. Hiring practices. (This right here is why said investor loves dealing with me) 19. Expansion potential. 20. Foreseeable future issues (for this case City-based graft, or county enforced taxes after the city finally merges in) Then if they accept it to move forward to the next stage, I get a chunk of funds that are used to design logo/signage, fine tuning food costs on the permanent menu, and make contact with various purveyors to start negotiating contracts on regular goods.
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Post by locogato11283 on Feb 7, 2017 4:13:36 GMT -5
Most people stop making up stuff around the age of 10.
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Post by Angelo on Feb 7, 2017 4:19:49 GMT -5
Most people stop making up stuff around the age of 10. Yep and I've been her for about over 10 years now right? Fucking hell just realize that we are not all in the same position.
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Post by Deleted on Feb 7, 2017 9:46:14 GMT -5
Most people stop making up stuff around the age of 10. Yep and I've been her for about over 10 years now right? Fucking hell just realize that we are not all in the same position. That last part is you being your own worst enemy. This is the reason you are not moving forward.
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Post by Angelo on Feb 8, 2017 17:18:58 GMT -5
Good news bad news.
Good news is managed to get exact pricing on 3 properties currently available between the two areas we want to be located in. Downside is that it is a triple net lease, but the extra revenue the location offers more than offsets that. Bad news is meeting is pushed back. No idea when, but not tomorrow. Saturday at the earliest but likely sometime later next week.
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Post by assholesays on Feb 8, 2017 18:48:34 GMT -5
Is it really a meeting if it's hosted at an applebees?
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Post by Deleted on Feb 8, 2017 18:53:25 GMT -5
Is it really a meeting if it's hosted at an applebees? I'd say yes in a case like this. That being said, Ive never been in an applebee's. I'm assuming it's similar to a chilis.
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