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Topic: 2000-4000 BTC loan - Hookah Lounge - page 8. (Read 29025 times)

legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 08, 2012, 05:00:35 PM
#47
You should probably find out why that other bar doesn't sell Hookah anymore. These things happen for a reason.
Because they're primarily a restaurant, not a hookah lounge.  If I'm not mistaken it was a higher-end restaurant, the restaurant part was probably outperforming the hookah part, not many people want to pay the price for a nice meal if they just want to smoke hookah.  My environment will be better as well.
hero member
Activity: 952
Merit: 1009
September 08, 2012, 04:58:40 PM
#46
You should probably find out why that other bar doesn't sell Hookah anymore. These things happen for a reason.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 08, 2012, 04:53:07 PM
#45
I regularly smoke hookah, it takes nearly two hours to smoke --> customers occupy the table more than two hours.
two Ppl generally share a hookah thus your revenue per customer may be less than your expectation.
ppl generally eat before, during or after hookah, so you will most probably need to prepare and serve  food which may bring extra challenges.

last but most important,  you will  borrow in BTCs and then spend them as USD thus exposing yourself to BTC/USD fluctuations.

how will you pay your debt if BTC shoots up to sky?
I wanted to work out a contract if that situation were to arise, so we can keep it valued relative to the start up cost.  So if BTC goes up by 10x, we would recalculate how much it would cost to buy the same start up materials in BTC, and add interest from there.

I plan on having a small menu of food while allowing guests to bring their own food in.

I did receive news today that the other hookah/restaurant lounge in my town doesn't even have hookah anymore.  That means I would have the only hookah lounge in a town of tens of thousands of young adults.

I'm very eager to get a loan for this venture, I'd be willing to pay pretty generous interest.  If you'd like, I could pay 5% of the each month's end profit for three years (plus the loan itself).  That'd be 6000 a year if we make 10k/month, 9000 a year at 15k and 12000 a year at 20k.  For the size facility I'm looking at, the loan will need to be on the higher end of 2000 BTC.  I checked out the location today and it is perfect.  Huge, beautiful building, could surely guest more than 300 people.

I have no problem disclosing identification and/or signing a contract for this loan, I just want to get it happening.
legendary
Activity: 1498
Merit: 1000
September 08, 2012, 04:22:35 PM
#44
I know many marines who would be offended by being called a soldier.

Your being too technical, they are suppose to be referred to as "Naval Infantry" so solider would work, and I doubt is a offensive thing.
hero member
Activity: 700
Merit: 500
daytrader/superhero
September 08, 2012, 04:18:34 PM
#43
I know many marines who would be offended by being called a soldier, its not as cut and dry as you think...there is a LOT of rivalry between services.

That said, i know nothing about this guy, and yes, lying about serving in the military is about as low as you can go.



Vvvv Edit: you are seriously underestimating how proud marines are of their title.  Vvvv
legendary
Activity: 1498
Merit: 1000
September 08, 2012, 04:17:35 PM
#42
As we all know education does not make people rich lol. Great ideas do with a great implementation, the only thing school measure is how much bullshit you will put up with to get a piece of paper.
http://collegedropoutshalloffame.com/

A list of about 1000 of them lol

Do not listen to poster, he is a known liar:

Your dumb as shit, I am a Iraq/Afgan Veteran that left the USMC due to injury.

P.S. I was Never a soldier you misinformed dope.


Hes not neccessarily lying, Marines aren't soldiers, generally speaking, soldier refers to Army. I was in the military, but I wasn't a soldier, I was an Airman.

I will give you that the air force is different from soliders, but marines are soldiers end of story. I have marine friends and I just called a couple of them they would agree soliders include marines. They also said lying about being in the services is the worst thing a person can do.
hero member
Activity: 700
Merit: 500
daytrader/superhero
September 08, 2012, 04:10:52 PM
#41
As we all know education does not make people rich lol. Great ideas do with a great implementation, the only thing school measure is how much bullshit you will put up with to get a piece of paper.
http://collegedropoutshalloffame.com/

A list of about 1000 of them lol

Do not listen to poster, he is a known liar:

Your dumb as shit, I am a Iraq/Afgan Veteran that left the USMC due to injury.

P.S. I was Never a soldier you misinformed dope.


Hes not neccessarily lying... Marines aren't soldiers.  Generally speaking, soldier refers to Army. (Fun  fact: marines branched from the navy, and the air force branched from the army). I was in the military too, but I wasn't a soldier, I was an Airman.
newbie
Activity: 14
Merit: 0
September 08, 2012, 04:06:47 PM
#40
I regularly smoke hookah, it takes nearly two hours to smoke --> customers occupy the table more than two hours.
two Ppl generally share a hookah thus your revenue per customer may be less than your expectation.
ppl generally eat before, during or after hookah, so you will most probably need to prepare and serve  food which may bring extra challenges.

last but most important,  you will  borrow in BTCs and then spend them as USD thus exposing yourself to BTC/USD fluctuations.

how will you pay your debt if BTC shoots up to sky?
hero member
Activity: 924
Merit: 501
September 08, 2012, 03:48:54 PM
#39
As we all know education does not make people rich lol. Great ideas do with a great implementation, the only thing school measure is how much bullshit you will put up with to get a piece of paper.
http://collegedropoutshalloffame.com/

A list of about 1000 of them lol

Do not listen to poster, he is a known liar:

Your dumb as shit, I am a Iraq/Afgan Veteran that left the USMC due to injury.

P.S. I was Never a soldier you misinformed dope.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 08, 2012, 02:01:05 PM
#38
The figures in the spreadsheet assume we reach a maximum capacity of ~50-70 people on weekends.  The location I'm looking at could easily hold 200+ people, so this has potential to be a highly profitable business on the right days, over $5000 in a night.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 08, 2012, 12:34:57 PM
#37
So if you have a strong soul, you're not going to get cancer from tobacco.

Dude John Wayne died of cancer what the fuck
And?

If the goddamn Duke doesn't have a strong soul, who does? Ringo Starr smoked 3 packs a day and he's still alive. Are you gonna sit there and tell me that Ringo fucking Starr has a stronger soul than John Wayne?

That's fucked up, man. I don't know if I'd trust you to run a hooka bar.
I'm not going to judge how strong someone I never knew was.  The dude was a strong actor, I can't say shit about how he felt inside though, I don't know what makes you think you can either.

He believed:
Quote
Despite the suggestion that Wayne's 1964 lung cancer and his 1979 stomach cancer resulted from nuclear contamination, he himself believed his lung cancer to have been a result of his six-pack-a-day cigarette habit.
sr. member
Activity: 728
Merit: 252
SmartFi - EARN, LEND & TRADE
September 08, 2012, 12:32:33 PM
#36
So if you have a strong soul, you're not going to get cancer from tobacco.

Dude John Wayne died of cancer what the fuck
And?

If the goddamn Duke doesn't have a strong soul, who does? Ringo Starr smoked 3 packs a day and he's still alive. Are you gonna sit there and tell me that Ringo fucking Starr has a stronger soul than John Wayne?

That's fucked up, man. I don't know if I'd trust you to run a hooka bar.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 08, 2012, 12:29:07 PM
#35
I would like to see a formal business plan, i would also like to see a formal budget, and did you do research, do people in your area want a hookah bar? Are the age ranges of your area young and hip. I think I am with a lot of people we need more formal inofmration before sending a 1000 loan.
I've been working on a spreadsheet since last night.  Don't have all the expenses in, like insurance and taxes but so far the numbers reflect what I said in the OP.

My town has over 5 colleges, over 50,000 people aged 18-24.  I know for fact people would want to come here.
sr. member
Activity: 275
Merit: 250
September 08, 2012, 12:27:10 PM
#34
You probably will want to talk to Loganyche because he has a good idea of what soda people would want.  You'll also want to make sure to include at least one trash can in your business proposal.  
legendary
Activity: 1498
Merit: 1000
September 08, 2012, 12:25:23 PM
#33
I would like to see a formal business plan, i would also like to see a formal budget, and did you do research, do people in your area want a hookah bar? Are the age ranges of your area young and hip. I think I am with a lot of people we need more formal inofmration before sending a 1000 loan.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 08, 2012, 12:24:50 PM
#32
So if you have a strong soul, you're not going to get cancer from tobacco.

Dude John Wayne died of cancer what the fuck
And?
sr. member
Activity: 728
Merit: 252
SmartFi - EARN, LEND & TRADE
September 08, 2012, 12:24:33 PM
#31
So if you have a strong soul, you're not going to get cancer from tobacco.

Dude John Wayne died of cancer what the fuck
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 08, 2012, 12:21:19 PM
#30
You're not the friend, sorry.  I'm not killing anybody with tobacco, they choose to do it themselves and it only kills you if you believe that it will.

Dude, if tobacco only kills you if you believe it will, how did the first person to die from it die? He had no reason to think it would kill him.

*exhales*

Something to think about, man.


I will be talking to my attorney next week about the subject, as well.

Some DUI/weed possession lawyer is going to get a very confusing phone call on Monday.
It's been established as a 'law' of our world that tobacco causes cancer.  Except cancer is caused by a weak soul, as all sickness.  So if you have a strong soul, you're not going to get cancer from tobacco.  First guy that died probably didn't have too strong of a soul, as with all the others that followed.

My lawyer is pretty good, and a pretty cool person at that.
sr. member
Activity: 728
Merit: 252
SmartFi - EARN, LEND & TRADE
September 08, 2012, 12:17:57 PM
#29
You're not the friend, sorry.  I'm not killing anybody with tobacco, they choose to do it themselves and it only kills you if you believe that it will.

Dude, if tobacco only kills you if you believe it will, how did the first person to die from it die? He had no reason to think it would kill him.

*exhales*

Something to think about, man.


I will be talking to my attorney next week about the subject, as well.

Some DUI/weed possession lawyer is going to get a very confusing phone call on Monday.
legendary
Activity: 1134
Merit: 1002
You cannot kill love
September 08, 2012, 11:40:36 AM
#28
As we all know education does not make people rich lol. Great ideas do with a great implementation, the only thing school measure is how much bullshit you will put up with to get a piece of paper.
http://collegedropoutshalloffame.com/

A list of about 1000 of them lol
Yeah, my school was shit.  It only prepares you for the system, I couldn't finish it.

Glad though, because my life has improved by multitudes since I left.
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