Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > 2+2 Communities > EDF
FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Display Modes
  #61  
Old 11-19-2007, 01:12 AM
milliondollaz milliondollaz is offline
Senior Member
 
Join Date: Apr 2005
Location: Silicon Valley
Posts: 613
Default Re: Getting in over your head......job related

guids,

wow, that sounds awesome. hopefully some time in the future you can do an "ask me about opening a nightclub/restaurant" thread. i'm sure a bunch of people are jealous of you and adsman right now, i know i've always wanted to do something like that...

good luck, can't wait to hear more. maybe you can do it under a fake name or something, since most people here know what city this is in, and that means no juicy details (like negotiating terms w/ red bull!)
Reply With Quote
  #62  
Old 11-19-2007, 01:15 AM
MasterLJ MasterLJ is offline
Senior Member
 
Join Date: Dec 2005
Location: PARTY PRIME!!!!!!
Posts: 5,631
Default Re: Getting in over your head......job related

I envy you quids, this is exactly what I'd like to be doing.

Just a quick background of myself before I throw out my 2cp, I worked in restaurants/bars from 16-23. At 23 I worked for a Developer (he was a rarity that did commercial and residential) so I have the knowledge of lease negotiations and property acquisition (which is generally not needed).

my 2 cents:

It all comes down to your bartenders. The one I'd want in my club is one who wouldn't give his/her grandmother a free drink. They must be attractive (you need some dudes too) and they must be taken care of (security wise).

Restaurants and bars are nickel and dime businesses as I'm sure you know.

Some tips for while undergoing your TI:

- Lien releases, lien releases, lien releases. Stay on top of those, don't pay your GC until ALL (including his vendors that you may or may not know about initially) have coughed them up. On top of that, make your GC give you a list of ALL subs that will be on the project.

- Change Orders. Stay on top of these and fight every one tooth and nail unless it is 100% in the spirit of a change order. Most contractors make their money off change orders when they originally bid for breakeven. I don't mean to insult anyone here, but I trust contractors about as far as I can throw them.

- Might be too late, but a lot of landlords will give you TI allowances, and they are pretty nice at times.

- Do your research on what types of permits you will need. You may get close to opening and have a moment of panic when you realize you didn't get the proper signage permits for your town, or that perhaps your sign is too big etc. These things should have all been discovered in your municipalities Planning Department, but they rarely are fully discovered, and it's always your responsibility.

- Make friends at the City/County whatever. They will be your biggest ally. Be careful not to burn bridges if this is something you see yourself doing for a while. Get involved in the Chamber of Commerce and you will begin to see how much more quickly things move for you when you need stuff to be done.
Reply With Quote
  #63  
Old 11-19-2007, 04:37 AM
guids guids is offline
Senior Member
 
Join Date: Oct 2005
Posts: 12,908
Default Re: Getting in over your head......job related

[ QUOTE ]
I envy you quids, this is exactly what I'd like to be doing.

Just a quick background of myself before I throw out my 2cp, I worked in restaurants/bars from 16-23. At 23 I worked for a Developer (he was a rarity that did commercial and residential) so I have the knowledge of lease negotiations and property acquisition (which is generally not needed).

my 2 cents:

It all comes down to your bartenders. The one I'd want in my club is one who wouldn't give his/her grandmother a free drink. They must be attractive (you need some dudes too) and they must be taken care of (security wise).

Restaurants and bars are nickel and dime businesses as I'm sure you know.

Some tips for while undergoing your TI:

- Lien releases, lien releases, lien releases. Stay on top of those, don't pay your GC until ALL (including his vendors that you may or may not know about initially) have coughed them up. On top of that, make your GC give you a list of ALL subs that will be on the project.

- Change Orders. Stay on top of these and fight every one tooth and nail unless it is 100% in the spirit of a change order. Most contractors make their money off change orders when they originally bid for breakeven. I don't mean to insult anyone here, but I trust contractors about as far as I can throw them.

- Might be too late, but a lot of landlords will give you TI allowances, and they are pretty nice at times.

- Do your research on what types of permits you will need. You may get close to opening and have a moment of panic when you realize you didn't get the proper signage permits for your town, or that perhaps your sign is too big etc. These things should have all been discovered in your municipalities Planning Department, but they rarely are fully discovered, and it's always your responsibility.

- Make friends at the City/County whatever. They will be your biggest ally. Be careful not to burn bridges if this is something you see yourself doing for a while. Get involved in the Chamber of Commerce and you will begin to see how much more quickly things move for you when you need stuff to be done.

[/ QUOTE ]


Just for reference, anyone who is thinking about getting into this industry, what masterj has said is spot on. I didnt know this stuff going in, but all those points I learned within like 3 days. Make sure any of your people that are doing your drawings for your build out and permit know exactly what the inspector of your municipality is looking for, I got bids on all areas, and Im not allowing anyone to ask for more. Basically "this is what you quoted, this is what you will be getting it done for" is my answer to everyone, and so far no problems. The only people Ill be paying hourly are the electricians, and I plan on cracking the whip with these guys, no smoke breaks, no squatting, no nothing.

The permit game Im playing as I go along, Ive been taking some liberties, and getting away with a lot. The main thing you want to make sure is that anything you do in the kitchen, and behind the bar you get permits for, most of the other construction you can probably get away with if you make sure that you have someone that can tell you exactly what you need to do to satisfy the inspectors.

as far as bartenders, yes you want reliable people, but i dont care if they are your friend since age 2, they will steal from you, the trick is to make sure that you have good protocols in place, and do your staffing to ensure that they dont really need a reason to steal. 2 bartenders working one bar, when you have a total of 10 customers all night will rape you much harder than 10 bartenders, and 2000 customers.
Reply With Quote
  #64  
Old 11-19-2007, 12:30 PM
AquaSwing AquaSwing is offline
Senior Member
 
Join Date: Aug 2005
Posts: 481
Default Re: Getting in over your head......job related

Just dying to know name/location/opening date. I will send business.
Reply With Quote
  #65  
Old 11-19-2007, 01:47 PM
spamhead spamhead is offline
Senior Member
 
Join Date: Aug 2005
Location: Stackin\' Cheeze
Posts: 432
Default Re: Getting in over your head......job related

GL to you guids! You are in for the time of your life.

I am in Louisville KY and just opened a Bakery/Cafe last Christmas. Would love to swing your way when I'm in town. It's just about a 3.5-hour drive and I go that way often.

There is no better sense of accomplishment that to take an idea from nothing and make it into a vibrant business. Most people cannot comprehend the amount of work it takes, the amount of risk it takes, and the amount of intelligence it takes.

I explain to people like this: Being an entrepreneur is like working the trapeze without a net. If you [censored] up and slip, you’re dead. But that kind of danger makes you feel alive.
Reply With Quote
  #66  
Old 11-19-2007, 05:17 PM
jeffnc jeffnc is offline
Senior Member
 
Join Date: Oct 2004
Posts: 1,631
Default Re: Getting in over your head......job related

[ QUOTE ]
Suggestion #2: Assume that every single person involved in this is trying to rob you blind.

[/ QUOTE ]

I remember watching some episodes of Flip This House that showed Armando Montelongo, who is basically a pompous ass. He thinks he is so crafty and business-saavy, when in fact he's way too full of himself. Yet, I have to admit the way he deals with subcontractors is probably correct - he does pressure some of them to work for less than I could accomplish. It's almost like dealing with children sometimes - children who are constantly pushing your limits, but over whom you ultimately hold power. Especially if they know you'll be dealing with them in the future.
Reply With Quote
  #67  
Old 11-19-2007, 05:21 PM
jeffnc jeffnc is offline
Senior Member
 
Join Date: Oct 2004
Posts: 1,631
Default Re: Getting in over your head......job related

[ QUOTE ]
The managers that I would really bust my ass for were the ones that treated me with the most respect, if a manager was basically always talking down to me I would do my job as well as possible to avoid them, but wouldn't go out of my way to make their job easier. You have to be tough but fair IMO, and 98% of your employee's will try to rob you blind to hook themselves up with cash and their friends up with free food.

[/ QUOTE ]

Agreed. Always treat people but with respect, but don't tolerate any crap and be firm. Good managers know how to ride that line.
Reply With Quote
  #68  
Old 11-19-2007, 05:50 PM
adsman adsman is offline
Senior Member
 
Join Date: Jan 2005
Location: Hibernation.
Posts: 3,903
Default Re: Getting in over your head......job related

[ QUOTE ]
I got bids on all areas, and Im not allowing anyone to ask for more. Basically "this is what you quoted, this is what you will be getting it done for" is my answer to everyone, and so far no problems.

[/ QUOTE ]

This is why you should be very suspect of contractors who put in a bid that is substantially lower than the others. They're the ones to add on crap, and they're also the ones that will drag their feet.

Glad to hear that you're enjoying it, I know exactly what you're going through. We finished the final touch-ups two hours before we opened. It's a hell of a ride.
Reply With Quote
  #69  
Old 11-19-2007, 06:41 PM
billygrippo billygrippo is offline
Senior Member
 
Join Date: Apr 2004
Location: POOOOOOOOOOOOP!!111
Posts: 6,838
Default Re: Getting in over your head......job related

guids,

can i has a job?
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 05:09 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.