Okay we have a great location picked: only drive thru one a major commuter road w/ space for a small retail shop inside. I have a great supplier who works with other small coffee shops in the state. I have the plans laid out and everyone thinks its great idea.
But for renovations/supplies/ect its coming out 300k. Is that a horrible idea?
I have reached out to local agencies and haven’t found grants and I don’t feel comfortable asking family.
I’m torn between you only live once/this is my dream and omg I want to throw up.
Business itself has huge risk. Opening a business is easy. Everyone can do it. Getting a business busy to make money is very hard and require a lot of passion and dedication. Getting 300k debt to do it is almost like gambling because you have no clue how well that spot/location will do and what the numbers are. For 300k, you can buy a business that is has a net of 100k-200k already guarantee.