How to Build a Million Dollar Restaurant Business
#milliondollarbusiness #restaurant In episode 11 we interview Derrick Faulcon, owner of the Homemaid/Supper Club resturant in Baltimore, Maryland. In 2012 Derrick came home from serving 5 years in a federal penitentiary. Flat broke upon his release he moved into his father’s basement for 6 months. While in the basement he saved money and planned for his future. Today he owns a resturant, 3 food trucks and a mixed use commercial real estate property. His enterprise pulls in a gross profit of $1 million annually.
Derrick not only told his story but he also opened up his books, and broke down his revenue model in detail. He also provided a step by step blueprint to secure profitability as a business owner.
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