In 2008, I looked into buying a franchise in The Great Outdoors Sub Shops. Great Outdoors has been one of my very favorite restaurants for many years. I was a burned out IT Developer and needed a change. The more I looked into it, the more it appealed to me. In November, I was 1 contract away from a big loan and getting started when the stock market took a dive. Everyone involved knew this would be a bad time to open a restaurant and the dream was gone. Back to the computers, I went.
Fast forward to 2014. My friend, Pierre, took me to dinner on my birthday. He started talking about wanting to open a business. He had several ideas including a restaurant and a limo service. Well, I jumped right on it. Here’s another opportunity for a sub shop. It felt right. Pierre started telling me about the cafes closing in the local ice arenas – not the big arenas, the local training facilities with 2 sheets of ice. The McKinney rink was the newest, nicest rink and it had a real cafe and bar area, not just a corner counter. He went on to tell me how busy this rink was and the previous food vendors didn’t do well because they didn’t offer decent food and were never open. Pierre suggested we would both invest $35,000.00 to start a restaurant.
It was worth looking into. I was excited. That was probably my first mistake. It’s hard to remain unbiased when you’re excited. This is a business, a risk, and you must look at it with both eyes wide open.
In the next few weeks, I will tell you my story. It’s all true. I feel so stupid and part of me wants to stay silent and hide my embarrassment, but I want to share my experience so no one else will make the same mistakes I made.