[custom_adv] Romina Bagheri was a student in Moscow, but decided to open her restaurant "Romino" on the side. Then menu consists of both Persian and European items. Many restaurants don’t succeed or even get to opening day. Opening a restaurant is extremely high-risk, and many investors won’t touch restaurants with a ten-foot pole, especially if you don’t have a solid restaurant business plan. [custom_adv] Many restaurants don’t succeed or even get to opening day. Opening a restaurant is extremely high-risk, and many investors won’t touch restaurants with a ten-foot pole, especially if you don’t have a solid restaurant business plan. [custom_adv] We've written about restaurant financing before, and it’s always a tricky subject to tackle. There are Small Business Association (SBA) loan programs that allow partnering lenders, community development organizations, and micro-lending institutions to invest in small businesses. [custom_adv] Opening a new restaurant costs about $50,000 to $75,000, and that's the bare minimum you'll need. Those are the figures for a small, simple restaurant, such as a café or a diner. If you don’t have that much cash at your disposal, you may be able to borrow on the equity of your home or other property. Traditional banks are probably not going to finance your restaurant dream if you have bad credit. However, the good news is that others may look beyond your credit score and offer you financing. [custom_adv] The term ‘angel Investor’ refers to a wealthy person who helps finance an idea or business plan. Traditionally, an angel investor will give you a certain amount of money for your business venture in exchange for ownership equity. Despite the angelic name, these types of investors don’t give money away because they're nice. These investors see the value in your business idea and think that they will get something in return for their investment. [custom_adv] As I mentioned before, many investors will not invest in restaurant businesses. They’re risky, often with low financial returns. [custom_adv] If you have no money and no business experience, it may be a good idea to explore restaurant incubators in your area. [custom_adv] Or you might be a seasoned manager, you're great with numbers and have experience keeping books, you're a phenomenal chef, or you're an outgoing individual who can work the front of the house and function as a gracious host. Remember, you aren’t just selling your restaurant idea. You’re also selling yourself, and you need to demonstrate that you're capable and knowledgeable with a skill set to offer. [custom_adv] Many restaurants have started their second or third location through crowdfunding sites like Kickstarter, FoodStart, Indigogo, GoFundMe, and Angellist. If you already have customers that know and love your brand, why not ask them to spend a few bucks to fund your next location? In return, they can receive a gift card, a tote bag, some swag - you name it! [custom_adv] Many restaurants have contentious relationships with their landlords. Make sure, up front, that everything is in writing, and if you can, work with a lawyer or restaurant real estate adviser to request a tenant improvement allowance in the letter of intent. [custom_adv] Many restaurateurs get their feet wet with pop-up restaurants, food trucks, or catering businesses before investing in a brick and mortar restaurant.