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@barygue5209
5 жыл бұрын
whats the bare minimum in funding a new restaurant?
@WilsonKLee
5 жыл бұрын
I’ve seen as low as 60k USD. I’m only giving you this answer because almost everyone else would say investments depend on size, location, type of business, cuisine, etc... this video would cover the four types of business. Which one are you thinking of?
@barygue5209
5 жыл бұрын
for a fast concept model
@WilsonKLee
5 жыл бұрын
Bary Gue about 60k. What are you thinking of? Any other questions?
@barygue5209
5 жыл бұрын
@@WilsonKLee I was thinking 10k lol, I've got an idea for a "fast concept" acai & kombucha brand. BTW these videos are a lot of help!
@kingsandqueensinfinitecoll2868
4 жыл бұрын
I appreciate you brother this information was very helpful I'm interested in opening a unique ice cream shop I also want to have a food menu thinking more a la carte. You help me with my eyes cuz I'm at the concept where I work for six months and then work on getting it automated to generate while work on my next business venture. This video was very valuable.
@WilsonKLee
4 жыл бұрын
im glad it has helped! keep going at it! :) email me if you need any other info. wilson@720sweets.com
@dexybautista4569
3 жыл бұрын
Hey man, I would like to thank you my friend for helping people in so many ways with your videos man. I really appreciate it bro. I learned a lot from your videos. Im actually on the process of starting a cafe business. I have no experience on this industry at all, but more than willing to learn for I love creating products and serving people, and to have a successful business of course that could help in creating jobs for the community. I hope to learn more from you my friend.
@Zo-hc2fn
2 жыл бұрын
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
@freddiegreswold
11 ай бұрын
How did your cafe go?
@aceface970
4 жыл бұрын
Congratulations on 720 Sweets, these videos are definitely beneficial, just hearing about your experiences helps alot, keep it up👍🏽
@WilsonKLee
4 жыл бұрын
Glad you like them! Hop by our FB grroup if you got any questions
@erdemmordoganable
Жыл бұрын
I admired him, his speech and his well organized story (of course at this point we congratulate the interviewer:)).
@guerbyruuska2574
5 жыл бұрын
I really appreciate this video. Makes things so much easier. Now I have a better idea on numbers instead of guessing. Wilson, did you have to get out a loan or find an investor or did you just save your money? Thank you!
@WilsonKLee
5 жыл бұрын
Totally! For me, I partnered with my supplier, and an operator. it was strategic because partnering up with supplier ensures i get the lowest COGS. i partnered with an operator to ensure the 100% full attention and effort of his. If I needed cashflow, i would bring on a silent partner as well to complete this whole partnership, but i didn't because investment was rather low for the fast concept that we have (720 Sweets). everyones case is different. however, if you were to partner with someone just for money, but the visions don't align, then this is something i would strongly recommend against. hope this helps! :) email me if you have any other questions - wilson@720sweets.com
@haylienguyen4512
3 жыл бұрын
Very informative and eye opening for me. Thank you so much for passing on your knowledge 🙏
@wirbamohamad5125
3 жыл бұрын
Sir I'm determine to follow your advice and instructions. Your so real and upfront with the knowledge you sharing for free. I really do appreciate. May God bless you Sir
@WilsonKLee
3 жыл бұрын
I appreciate you tuning in!
@flexin4fitness953
4 жыл бұрын
Hey, hoping you can share any financial templates start up restaurants can use to present to potential investors?
@WilsonKLee
4 жыл бұрын
for sure. email me wilson@720sweets.com
@millaspuffs6744
Жыл бұрын
Thank you so much for your generosity in making these amazing videos. It’s been very helpful 🙏💛
@Zo-hc2fn
2 жыл бұрын
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
@jeremiahtrujillo2636
Жыл бұрын
Love your content. A suggestion, in the future consider soundproofing your studio and get a better mic, content is great but It's distracting how much echo there is 😅 Keep up the great work.
@jeffharmed1616
Жыл бұрын
Really enjoyed this video, thanks. I think you missed one business model that is perfect for you - vending machines. The are pizza machines and tomagoyaki machines out there already. Think ice cream vending machines, sandwich vending machines, doughnut machines, bubble tea machines
@chiefkeef8902
3 жыл бұрын
My dad and I are looking for a spot to open a small Mexican restaurant very little dinning tables more of a take out vibe, especially after this pandemic.
@xavierjimenez78
6 ай бұрын
how was it?
@ameagor
9 ай бұрын
Fast moving money countries matters too😮 i think cafes around my country only have 50-100 per day😅
@crabpiequeen3521
4 жыл бұрын
Awesome video filled with simplified information! I will reach out to you. Thank you so much for sharing!!! I will send an email to you Wilson Lee!
@WilsonKLee
4 жыл бұрын
Glad you found value in the video! Make sure to join the FB group if you haven't yet.
@zahrar.834
3 жыл бұрын
thank you so much for ur info
@WilsonKLee
3 жыл бұрын
Thanks for tuning in Lisa!
@souzou1000
2 жыл бұрын
How about a flat bread bakery +gyru sandwiches +whole chicken meal, what business model does it fall in... fast food or casual dining?
@cheftimothy8260
Жыл бұрын
About the restaurant
@chiefkeef8902
3 жыл бұрын
Thank you so much! Bidge watching your videos!
@WilsonKLee
3 жыл бұрын
Glad you like them!
@LoveYourNeighbors
3 жыл бұрын
I would appreciate if you don't add music on your videos. Your good voice and your highlighted words and statements are enough. Thank you
@WilsonKLee
3 жыл бұрын
New vids don't have music :)
@ramadhankarim2902
4 жыл бұрын
Hi what is the Ideal set up of a fish and chip restaurant?
@WilsonKLee
4 жыл бұрын
I've seen it as a fast concept set up by the docks and in a food court. I've also seen it as a fast food style model as well. Both have been around for a long time here so it must work (they aren't closing up even though rent has been going higher and higher). But they also have a great spot by being so close to the docks, where all the fresh seafood is being sold. This gives them the advantage and maybe a deal with the fishermen for a better deal. You'll need to see what works in your city (interest in fish and chips) and for you (resource wise and risk level).
@zeee1266
3 жыл бұрын
Thank you so much 😊
@WilsonKLee
3 жыл бұрын
You're welcome 😊
@thebabylalat
3 жыл бұрын
Thx....very helpful video
@WilsonKLee
3 жыл бұрын
Glad it helped
@LalaRanj1
4 жыл бұрын
Amazing video, thanks
@WilsonKLee
4 жыл бұрын
Glad you liked it!
@AndyDeore
3 жыл бұрын
What kind of restaurant to open if you expect 15-30 walk ins per day?
@waynesun3786
2 жыл бұрын
300 orders a day for fast concept like bubble tea or coffee shop? yes!! that is a great a business, but I gotta say its very very hard to achieve according to my own coffee shop business.
@monarchbutterfly3154
Жыл бұрын
Hi, what is a more realistic number?
@shivaamatya
3 жыл бұрын
Thank you thank you thank you
@WilsonKLee
3 жыл бұрын
Any time!
@brianblakely7944
3 жыл бұрын
So what concept would dave n busters fall under? Im just curious really would it be fine dining bc of the alcohol license?
@ziggyc4474
4 жыл бұрын
Fast food is like a grab and go ?
@WilsonKLee
4 жыл бұрын
yup. more like quick service.
@jeffharmed1616
Жыл бұрын
Good video but a repeat of your 4 types of business model
@DallasHarv
4 жыл бұрын
I am tired of the "American style Chinese restaurant" I want to bring China to America. From Guilin rice noodles to some fantastic hot pot to street style finger food and barbeque. I need my restaurant to be 100% authentic. I want to transport people to China with my restaurant idea here in Indiana. My stepmom is Chinese and wanted to jump right in with getting a location, and I had to put the brakes on all of her ideas because we didn't even have a business plan concept on paper. I think my tiny business degree saved our financial lives.
@WilsonKLee
4 жыл бұрын
100%! When we have an idea, we get that rush of motivation and emotion to juump into it. It is good that you slowed down and thought about. Take a peek at my business plan video, location hunting video, and the 7 day email course. Consume all that, put it down on paper and then see where you are at. You've got A LOT of time since the current pandemic will be here for a while...
@richardcai363
3 жыл бұрын
How is it all going? My wife is Chinese and we are looking to making a Chinese qing dynasty themed restaurant. With the rising interest in Asian culture theme restaurants that are more like themed restaurants in China may do well in America.
@kmxhlivn
4 жыл бұрын
Hey Wilson, we are a casual dining restaurant located in Milwaukee Wisconsin, with cafe, buffet, catering, and more long the way. We want to expand our line of Asian desserts, like boba, ice cream, and pastry. Do you have any advice, references, or tips that can help? Really need the help, as we're struggling month to month.
@WilsonKLee
4 жыл бұрын
Before you expand your offering, you need to audit your current offering. Pinpoint which ones you can take out because they are rarely ordered, high in cost, and long to make. Pinpoint what the job each item has (each item has a purpose that satisfies a need from the customer). Then do the same for your new proposed offering. Cause you might be just adding more ops nightmare by including things your target demo doesn't even want. Recommend joining our FB group and interacting with other restaurant owners as well.
@kmxhlivn
4 жыл бұрын
@@WilsonKLee THANK YOU for the EXPERT wisdom in regards to offerings. This really matters to me, and helps me see ahead, be aware of blind spots, and then make this best move. The market analysis tip is so critical.
@WilsonKLee
4 жыл бұрын
@@kmxhlivn best of luck! :)
@flexin4fitness953
4 жыл бұрын
I'm in Milwaukee, what restaurant?
@WilsonKLee
4 жыл бұрын
@@flexin4fitness953 no clue
@HenryGhoul
3 жыл бұрын
on avg how much does a casual bar/restaurant cost to start up?
@WilsonKLee
3 жыл бұрын
the range is wide my friend. A lot of factors involved like country, street, size, interior + furnishing style, equipment necessary (what food you serve changes equipment drastically), etc. $ per sq.ft in my city will be way different than yours. But here in Canada it is easy $100,000s. I recommend looking at my other video on cost to start up a restaurant to get a better idea on where you should do your research in your city.
@kelvincallejo1238
3 жыл бұрын
Fast food Pros Low investment Cons High investment Hmmm it makes me think deeper.
@WilsonKLee
3 жыл бұрын
good good
@dobreclaudiu5812
4 жыл бұрын
Could you help with opening a shop, have you got an email?
@WilsonKLee
4 жыл бұрын
for sure. hello@wilsonklee.com
@PhilVerryChannel
3 жыл бұрын
He really really needs to turn his microphone on and get out of that echoing room especially when he has so much to say that's good information that people want to hear.
@Zo-hc2fn
2 жыл бұрын
I am thinking about a new type of restaurants: eating-spots in eating-spots, food keeps changing, chefs also rotate this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days menu is influenced by the live input of the people via an app
@Jawhar3xxx
4 жыл бұрын
Ice cream business can't much earn money mostly loss business specialy ice cream business
@WilsonKLee
4 жыл бұрын
maybe?
@Jawhar3xxx
4 жыл бұрын
@@WilsonKLee I'm looking for investors because I have good international concept food and beverage I want before Saudi Arabia 2 times, Kuwait, dubai, India, Russian country and I have 12 work experience as manager in the hospitality. I hope if I open in Canada I think God knows all to satisfy for my brand.
@tokibap4865
4 жыл бұрын
Ur figures r dependent on the numbers of customers.
Пікірлер: 84