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mst asked in Business & FinanceSmall Business · 1 decade ago

what is the initial cost to run a new own restaurant in winnipeg . Can I get a loan for this business.?

I want to start my own Indian Restaurant in winnipeg . I want to know what is the initial money for investment in this business . Can I get a loan for this. And if anyone know much more about this please help me ,guide me .thanks

8 Answers

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  • 1 decade ago
    Favorite Answer

    Lots of money

  • 1 decade ago

    Start by making a business plan.

    Most restaurant businesses fail within the first year, so they are considered very risky investments.

    Private lender is most likely sources.

    Consider remodeling an existing restaurant, as it will be much faster and cheaper than starting from scratch.

  • Anonymous
    5 years ago

    The idiots are asking questions again...Jesus give me patience. I wish everyone would do this, whatever their "race". Get an education, work hard and become successful. As long as he minds his own business and doesn't try to tell me what I can or can not eat. More power to him. I have voted as an Independant since 1992 Surely no one thinks racism, bigotry and prejudice is restricted to Republicans? Look in the mirror.

  • 1 decade ago

    Here in the states 1 in 10 restaurants make it.

    Be prepared not to make money the 1st year.

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  • Anonymous
    1 decade ago

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  • 1 decade ago

    Go talk to an accountant and be very careful trusting people on the net with personal information...

  • Anonymous
    1 decade ago

    Initial cost of u starting a new resturant is you working in one for a few years.

    looking at why most resturants fail within 5 yrs. leaving 'owner' broke and deeply in debt.

    do your research lots of it b4 signing any thing.if you got family forget about them for next few yrs.

    Source(s): biz owner u of h knocks
  • Anonymous
    1 decade ago

    Go to http://www.score.org/template_gallery.html and download the Excel template for estimating start up costs.

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