The Three Legged Dog Public House
I’ve been a DIY kind of guy from very early. Growing up, I was taught by both of my parents to be industrious and resourceful. As the first in my family to attend college, I set out to see what the world was about. I studied archaeology at Indiana University before setting out on my travels. I’ve lived in Washington, D.C., Ireland, Eastern Oregon, and Indiana. I’ve always enjoyed finding a respite, regardless of where I happened to be; a place that I could settle in, enjoy the atmosphere, the community, and some decent food and drink. Having experienced local bars, Irish pubs, and dive bars, just to name a few, I’ve always wanted to create that sort of space for myself, a space to share with others.
This loan is special because:
More about this loan
People ask why it’s called a public house. The answer is simple. I wanted to create a focal point in the community, a comfortable place where people could gather, enjoy great food and drink, a warm atmosphere, and most of all, be a part of their community. After spending a few years at another major Oregon brewery/restaurant, I knew that I had received enough training to strike out on my own. It’s always been a goal of mine to create something bigger than myself, and opening a restaurant and bar seemed like a good idea. Currently, I have needed to secure some short-term funding to cover the buyout of my former business partner. While becoming the sole-proprietor is allowing me to guide the business down a more lucrative path, it also means that I need to pay down the debt incurred in the buyout process. Once that high interest debt is gone, I will have the cash flow necessary to make some improvements to our kitchen and dining areas.
What is the purpose of this loan?
The loan will be used to pay off short term, high interest debt that was used to continue operating after buying out my former business partner. The business has excellent cash flow, but due to the high interest loans, is barely operating at a profit. By paying off that debt, we would have an additional $3000-$6000 per month. This will allow me to invest money in improvements to our kitchen, bar, and dining area.
This business is destined for success, but I just need a little more operating capital. Once I attain that, this business will allow me to provide for my loved ones, for my daughter, and allow me to continue to provide a gathering place for my community. When the restaurant first opened, we did everything we could to help our community through fund raisers and sponsorship of local organizations. I look forward to being in a position where I can continue giving back to my community.
Years in operation: 1 year – 3 years