Sunday, January 13, 2008

Restaurant Progress

Well, things are moving along in the land of opening the restaurant, still slowly. As of now I currently have 2 General Contractors working on giving me a bid to build out the current space. We are hoping to take half of a 5000 sq ft space that used to house an electronics store many years ago. It has been vacant for sometime and will need to be gutted and then we will take our half. The space is not in my ideal location in this town, but this was the most reasonable and the landlord wants to work with us and the owner of the center really wants a restaurant there. We would love to be able to do this in the old downtown, but we tried that with the brewery and just cound not make it happen, so we will make this space work.

This really one of the last parts to the puzzle of this project, besides funding. I have done everything else that I can do to get to this point so that we will know how much money we really will need to make it all happen. I said that from the beginning I really felt like we would do the whole project for $300,000 or less and as of now I am thinking it will be pretty close to the $300K. The bid for all the restaurant equipment is in and all the other costs have been figured to the best of my knowledge and now we need to see what the price to build out will come to. Our plan is to then get all of our things together and go to a few people as potential investors and to the bank to see what we might be able to borrow. We could know sooner that later what the future will hold for Jenn and I in this town. On that note we have also started talking about the possibility of the restaurant not happening and what our next step will be. Unless something dramatic and crazy were to happen we have been talking about moving out of here at that point. We are not to that point yet and moving is a lot more complicated this time. We can't just give our notice at work and pack it up in a few weeks and strike out to the next place. The house will need to be sold, jobs located before we leave, Amos and daycare will need to be thought about, ect...

So until then, we wait. Again.

1 comment:

Guy Gadbois said...

Tulsa has affordable housing :)