- Original Poster
- #1
Hi Everyone, and thank you in advance for any advice offered. I currently work as a manager in a bar so have experience in a customer facing industy but am a complete novice to the frying trade.
I hopefully plan to start my own business soon and have about 40k of savings to invest. As the licensed trade is on it's knees due to cheap supermarket booze, the smoking ban and the recession I think another, hopefully more resilient sector would be my best way forward.
I'm sure making a successful go at a fish and chip shop would be hard work and a gamble to a newbie but I have thought it maybe a less risky venture than taking over a pub. Can anyone offer any advice of the best way forward? Is it best to take over an existing business or start from scratch? If buying an existing business what should I be looking for and what warning signs would suggest a business best avoided? Will 40k be enough money or should I consider extra funding? and finally I'm based in Manchester does anyone know of any potential openings in my area?
Thank you.
I hopefully plan to start my own business soon and have about 40k of savings to invest. As the licensed trade is on it's knees due to cheap supermarket booze, the smoking ban and the recession I think another, hopefully more resilient sector would be my best way forward.
I'm sure making a successful go at a fish and chip shop would be hard work and a gamble to a newbie but I have thought it maybe a less risky venture than taking over a pub. Can anyone offer any advice of the best way forward? Is it best to take over an existing business or start from scratch? If buying an existing business what should I be looking for and what warning signs would suggest a business best avoided? Will 40k be enough money or should I consider extra funding? and finally I'm based in Manchester does anyone know of any potential openings in my area?
Thank you.

