How to find investor to open new restaurant with low credit?

Question

hi all my name tony i plan to open the new vietnamese restaurant in texas .there is a restaurant in here before and they were out of bussiness and everything in that restaurant is good to used , i i dont need much money to put down for it . i just need about 50.000 to run this is pretty good location and around 40 mile there is no vietnames restaurant only 2 chinese food and some mexican food . my whole family has 4 restaurant before but not in us this is my dream i just wonder i nerrver use credit card before that why my cridit about 565 since i just use for 1 year . can anyone give me the advice how to loan some money for bad credit . regard

Answer 1

Go to http://kickstarter.com and http://prosper.com and pitch your idea.

Answer 2

Nobody finances 100% to a start up business and it will cost hundreds of thousands to start even if you rent the space. You have to know much more than any 18 year old knows to succeed at this. First construction then business management, HR, and how the restaurant industry works. First start aggressively saving your money, buy a home, learn to remodel your own home. Build a deck and a fence, remodel a kitchen and bath, lay some tile, gather tools and skills. Mean while take college classes in business and hospitality and work in restaurants both the seating area and kitchen and also in the office. It will take you many years to get the skills but by then your savings will be enough to give it a shot. You will also know people who you would want to work for you.

Answer 3

Go to the bank you use and talk to them about investors.