pizzapirate
New member
Background:
Was raised in the restaurant business and am now planning to convert a franchise to an independent. The only cooking equipment the store has is a deck oven. Want to put in fryers (mainly for wings), a range, cheesemelter and walk-in cooler. Currently we do pizza, pasta, sandwiches, salads and oven-baked wings. We have been steadily increasing sales since the the purchase and hit $46,000 in June of which 75% is pizza – Take-out Delivery – owner operated.
Looking at a project cost of about $50,000 to put in the new equipment, give the front a facelift/new look and development of a new logo, website etc. The payment for the line of credit would be less than the current franchise fees.
I am excited about the new menu and just about ready to move forward but wonder if I should hold off on the kitchen remodel or not. I will be doing a lot of extra advertising at first to get my new name out there and would really like to put my best foot forward with the better wings and products that a full kitchen can give. Plus, not having a walk-in is tapping us out for space and we currently have to prepare certain products at another store since we lack the kitchen.
Or I can play it safe with cash and just change the name with a new facelift and do the kitchen later??? The current products will not change either way.
My heart wants to go ahead with the kitchen but my head says to bounce this off some more people. Any thoughts or ideas would be greatly appreciated.
Was raised in the restaurant business and am now planning to convert a franchise to an independent. The only cooking equipment the store has is a deck oven. Want to put in fryers (mainly for wings), a range, cheesemelter and walk-in cooler. Currently we do pizza, pasta, sandwiches, salads and oven-baked wings. We have been steadily increasing sales since the the purchase and hit $46,000 in June of which 75% is pizza – Take-out Delivery – owner operated.
Looking at a project cost of about $50,000 to put in the new equipment, give the front a facelift/new look and development of a new logo, website etc. The payment for the line of credit would be less than the current franchise fees.
I am excited about the new menu and just about ready to move forward but wonder if I should hold off on the kitchen remodel or not. I will be doing a lot of extra advertising at first to get my new name out there and would really like to put my best foot forward with the better wings and products that a full kitchen can give. Plus, not having a walk-in is tapping us out for space and we currently have to prepare certain products at another store since we lack the kitchen.
Or I can play it safe with cash and just change the name with a new facelift and do the kitchen later??? The current products will not change either way.
My heart wants to go ahead with the kitchen but my head says to bounce this off some more people. Any thoughts or ideas would be greatly appreciated.
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