/biz/ - Business & Finance

>>23964353
sounds like you don't trust her. just simply say no

>>23964353
restaurants are the worst type of investment slook it up.

For some reason it's what normies always fall for.

>>23964353
give it a chance

I think you've answered your own question in what you've written.

Most restaurants fail. Ones started by people with no experience are even worse. Corona virus means this is possibly the most retarded time to try to start a restaurant ever.

Tell her to open a kitchen that only focuses on online deliveries. No point in the restaurant part. Just a kitchen with a website thats plugged into deliveroo and uber eats etc.

Either way either give her the money cos she's your sister or tell her to go to a bank. I wouldn't lend to family. It could get ugly.

Tell her you're broke and mention that if the restaurant takes off if you could have 10k to get back on your feet that would be great

>>23964353
She needs pro forma projections - does she have any idea what she will sell? How much she needs to break even? Cost structure? Yadda yadda. Restauranting is awful business with slim margins at the best of time, going in unprepared is a surefire way to lose your shekels.

>>23964430
She does have some experience, but that place didn't really do that well. I asked her what exactly her services were gonna be and she said she was gonna sell asian food, pizza and some shit like that I thought is she nuts it sounds like one of those dead places where they sell pizza, pasta and sushi all in one. Thing is, it's 10k... It's not a crazy sum. I could probably make it back in about a year while living comfortably, so while I have absolutely 0 faith in her she's my sister and she thinks this is a good investment. I've been in a similar boat with crypto, so I don't know if I should try to convince her it's a bad idea just like that.

>>23964500
yeah she told me something about 200 dinners whatever, I wasn't really listening. She said she'd pay me back in 6 months.
>>23964485
She knows I have the money, and 10k in 6 months? or do you mean that I should ask for my original money back in 6 months but if it goes well I should get an extra 10k a year or 2 later?

Man I wish I wasn't so autistic. I'm the type that can't think in the moment. I always do my practicing outside of the group alone so I can focus, and when I talk my brain gets turned off and I just talk.

>>23964512
If she wants to do different food then even more reason to do it as a kitchen. You can have three different names listed on deliveroo and uber eats. One for pizza one for sushi and one for vegan tapas or whatever. Customers wont know all three come from same kitchen.

>>23964398
This

This is a terrible, terrible idea. As others have said, restaurants are a shit business to start, even if it weren’t for COVID. Second, there does not appear to be any return for you, even if things go well. Third, things are not going to go well, and you will lose $10k. Fourth, you said it will take a year for your to replace 10k. A fuckin year of your life so your sister can play entrepreneur. And if 10k is the difference between success and failure in a restaurant, that is even more evidence she has no idea what she is doing. Lastly, you’re here, so you know it’s not just 10k, it’s the lost opportunity of what else you could have done with it, namely BTC. This is how people stay poor. Their idiot family members see they have some savings and immediately want to waste it on some bullshit. Don’t do this.

I'd say now is probably one of the best times to open a restaurant. If she has her numbers figured out I'd do it

>>23964398
This

Restaurants BEFORE corona were a risky investment. Tell your sis to buy Chainlink or RSR instead

>>23964353
Restaurants before covid were a famously bad investment

Restaurants after covid are a retarded investment

Lending money to your sister for her to invest in a restaurant after covid? Maximum retardation

>>23964353
>My sister
>borrow 10k USD
>buy a restaurant
>Corona might be nearing its end right?
TOOOOOP KEEEEEEEK LMAO! Might as well just burn the money.

>>23965675
This is the only correct answer. Giving large sums to anyone, even family, is always a retarded idea.
She may not think she is, you may not think she is, but she is taking advantage of you. If she really wanted to do this she'd save that money herself or take a loan.
Don't be your family's risk free loan.

>>23965675
Also, when the restaurant doesn’t immediately take off or when there are expenses she didn’t anticipate (teehee), where do you think she will get the next 10k? That’s right, you’re already in 10k, might as well pony up another! Because if you don’t, the enterprise will surely fail, and you’ll never see the first 10k.

>>23964353
Only reason you should start a restaurant is if you're an immigrant family with no degree or a passionate chef who loves cooking.
Any other reason is terrible OP. Also most restaurants fail so the fact you have doubts means you'll lose money.
ALSO IT'S COVID WHERE EVEN QUALITY RESTAURANTS CANNOT STAY AFLOAT AS IS.

>>23964430
>a kitchen that only focuses on online deliveries
this.
even better is home delivery of oven ready meals. as a weekly subscription service. so offer like a 2-day per week plan, 3-day, etc.
busy families would use this as a way to have both "home cooked" meals but without the hassles of shopping and prep.

>>23965675
>>23966036
This realistically speaking

Why does everyone keep saying restaurants after COVID are even worse. From my perspective we're going to see a lot of closures by owners who can't weather the pandemic. Lots of bankruptcies and closures in the restaurant biz means the sector will be underserved. You get first choice at qualified personnell for low rates due to high unemployment. Diminished competition. And buying an established restaurant will never be cheaper.

I agree that restaurants in general are shit unless you can rise to some trendy insider recommendation that prints money for 3 years before people lose interest. But *if* I had to buy a restaurant - next Spring might actually be a decent time. Certainly better than anytime in the last decade. Staying out only make sense if people will now forever shun restaurants, which I see zero chance of happening. People are stupid and even the smart ones who stay at home now are gunning to get back outside.

tl;dr: Apply the same logic as you would buying at the stock market. Buy when everyone cries and numbers are deeply red so you make bank on the recovery while everyone else is still afraid to enter the market.

>>23964353
>doesnt know if his sister can cook.
>doesnt know his sister's plans.
>doesnt know about the capacity of the restaurant.
>doesnt know about the area or footfall.
>doesnt know about projected returns.
>decides to spend an afternoon asking biz instead of talking to his sister.
You should just go all in bro. YOLO

>>23966917
unfortunately its not going to play out like you think.
the result is going to be MORE corporate restaurants and almost NO independent family owned

further, most of the stuck-at-home slaves with mask on wont even have money to spend on "eating out". look that the retarded skeleton slaves in north korea...they eat dirt and tree bark to try to get nutrients.
thats whats coming to a place near you.

>>23967094
>the result is going to be MORE corporate restaurants and almost NO independent family owned
Sounds like an opportunity to me?

>further, most of the stuck-at-home slaves with mask on wont even have money to spend on "eating out".
Most people who still have jobs have the opposite problem. They have more money than they know what to do with because there is zero entertainment and very reduced consumption going on.
You're not selling food to price sensitive customers anyway. No restaurant will ever beat Costco. Restaurants sell convenience, exclusivity, ambience, socializing. Those will be in demand more than ever if people come out of lockdown, because that's what they've been lacking for the past year.

Again, I wouldn't touch the restaurant biz with a 10ft pole, but relatively speaking I think next year will be a decent time of entry.

dont bother with a loan. give it to her if you have >300K cash. dont sell any equities for it tho.

>>23964353
Stop being a beta faggot. Slap your sis across the face, pull down her panties and stick it in her pooper.

Better off buying a food truck

>>23966917

The difference is if you buy 10k worth of SPY and things dip a little more, you still have X shares of SPY with a lot of confidence that they will go back up. If you put 10k in some hamfisted restaurant venture you can just lose that 10k completely. In this case OP is not getting a tangible asset in return.

>>23966671
This is a retarded idea

>>23964353
Is she hot? Post nudes.

>>23964353
Corona wont be over in april and COVID-21 will hit the whole world by that time.

Dont lol

How much money do you have? If it's a lot and you won't miss the 10k then I say don't be a sperg and help your family out. Yes, all these hardened mad men style biz larpers will say the opposite, but life is short and if it won't make a big difference to you then fuck it why not.
However, if you have like 100k of course you shouldn't give it to her. Only if you are fuckin stacked.

>>23964353
>Corona might be nearing its end right?
lmao

>>23964353
Anon just say you can't miss 10k because your maybe out of work this year. Tell her you can lend her $2500. Let's say it's going really well (see pays every month no discussions) you can always lend her the remaining $7500 next year