May 22, 2020
If you're looking to open a restaurant, or you just lost everything in your restaurant, it could be the best time in HISTORY to start up your business in the next 6 months.
With so many restaurants either closing or cutting staff, there are talented workers, real estate, land lords, and cheap equipment that are all available.
•Land lords want to get paid, meaning cheaper rent for you.
• People are hurrying to sell buildings and prices for real estate will be lower than ever.
• New restaurant equipment will be cheaper, and used equipment will be sold as other businesses close their doors
• Hundreds of talented chefs, waiters, bar tenders, you name it, will be applying for new jobs after being laid off.
With the government helping relieve the economy and businesses and programs like the PPP, you can get more help now than ever before. We're going to see resources for restaurants and small businesses trying to get their feet planted, and we could see low interest loans, subsidized loans, and maybe even grant money to help companies get back to business.
I don't like the restaurant business, and I wouldn't recommend you start one, but now is the time to do it if you want to get back into it or start your dream!