I just got back from Austin, Texas (IF YOU’VE NEVER BEEN, I HIGHLY RECOMMEND VISITING!!!), and the city is just saturated with really cool restaurants, bars, and lounges. Everything in downtown closes at 2am… and coffee shop-wine bars are a dime a dozen, so I was able to get some really great ideas! Thank you, Austin!!
So, here’s the update on The Brass Lamp. Last I wrote, I needed to pick a place for my book bar, right? When I was in Austin, I received a “sign” that led me to choose the building in Long Beach that I last blogged about. It’s next to the old Edison Theatre and is a few doors away from the Congregation Ale House! So, yesterday I turned in my application along with my financial stuff! Now, I pray for an approval! I’ve made contact with a Architect and a General Contractor… good news is that both seem genuinely excited about my “book bar” idea; the bad news is that this project is going to cost me far more than I estimated! Sooooooo…. anyone out there got money I can borrow!??! If not, any money I can have?????
My loan has been looked at by 2 banks so far. First bank liked the idea and the business plan, but felt that I didn’t have enough restaurant experience, so they passed. (I guess serving during the college years doesn’t count.) -No problem, I can fix that by saying that I’ll be hiring a restaurant consultant and a coffee expert for the first 6 months of business to establish best-restaurant-practices! -Here is where you can chime in with referrals or friends…!!! The second bank is reviewing my loan request right now, and will be contacting me this week. They liked the business concept, but are concerned with the fact that I’ve never started a business before. So, pleeease send me positive thoughts that their phone call to me will be a big fat YES! -BTW, how on earth are people suppose to start their own business if everyone says they won’t lend to someone who hasn’t started their own business before. It makes no sense! Someone care to explain that to me!?
Today, I met with a city Planner to discuss the permits, timeline for approval, etc., and I have good news to report! Due to the location of this spot, I do not need a condition use permit; and am allowed to have alcohol beverage sales on premise!! Woohoo! So, that saves me a ton of trouble and time applying for those permits! (Unlike my 2nd choice where I’d have to pay over $6K to see if I can have my business there.)
So, that’s the update thus far!! I hope I get the loan and I hope I get the spot!! I’m competing with already established restaurants that want the space, so we’ll see if the underdog can pull through! I hope to have really great news for you for my next blog!!
In honor of football season, here’s my quote of the week:
P.S. I’ll be visiting you again soon, Austin! Thanks for the inspiration! (I wish I brought a camera to capture all of your awesomeness!)