Hello everyone,
I keep hearing from current/former restaurant owners various accounts on their experience getting their business up and running and most of all profitable (because rare few people open up a business just for fun). I however am not acquainted or on speaking terms with any coffeshop owners (outside of here) who would share their experience with me. Therefore I am asking here, not for specific numbers, more like how long did it take. I mostly hope to get some answers from people who started their business from scratch by which I mean their own name/brand, new place, new people.
Mostly I am told that putting business into black numbers monthly in first year, initial investment not withstanding, is a small miracle, is that so in your experience?
Also, how long did it take for you to pay the initial investment into your business? I would expect this to be roughly the same for all, because of small business-small profit-small investment and vice versa.
I hope to get some outside answers to these questions since I am having some troubling discussions with our investor and neither of us has actual experience starting business in this industry, so our perspectives on how things should be financially right now differ wildly. I know this kind of questions is sort of intimate, I apologize for that.
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