Try a deli and/or diner. It's hard work, but good rewards and fun. Plus in the right area it is an excellent investment that will grow. And you can do this anywhere there are people. We doesn't like to eat great food? Also, know of 2 possible locations in Florida under a different name that may be available together or separate.

Web reference: www.johnniepastramis.com

You won't be able to get financing with bad credit, unless there is some extraordinary circumstance like a major medical illness. The best way to find a business opportunity is to look at your own likes and strengths. In todays market, there are lots of opportunties to buy used equipment from busineses that have gone under. The asset sales page on bizbuysell are a good place to start.

Web reference: www.underwriter4hire.com

If you are wanting to start your own business and open to other ideas, why not tuck away your $40,000 and start a business where you need very little capital. My mother had a restaurant for years and I know the hours are long in that type of business. In the end, what do you really have? Unlike the fast food industry you can set your own hours and then you can use your $40,000 to enjoy in other ways.

Web reference: www.insureyourdestiny.com

With zero credit score no banks will lend to you unless you have an well funded,established banking accounts or huge amount of collateral.You also might want to start working on a relationship with the banking manager. Your best bet would be to go with a independent fast food restaurant with owner financing and build up your credit. Later your can buy a franchise like subway. Or you can can try to buy a subway franchise and maybe some private lenders,angel investors,etc might fund the rest.

The answer is 99.9% no chance of bank financing, only an act of god will change that. As far as a Subway or franchise simular, you don't qualify unless you are personally worth a large amount of money. The chain decides who gets to buy, not just the owner. They want you to have BIG money, so unless your wealthy you should ne looking for a local business that has owner financing. Be prepared to work a lot for a little. Also, some chains will limit your opportunities in HI. I am in Maryland, if you ever decide you want to move here and have restaurant experience, I may be able to find you a place if your willing to work open to close almost everyday for a year.

Hi, If you purchase a franchise, they usually want you have a surplus of cash available in addition to your down payment. I'm afraid that if you have a zero credit score, the only financing you might get is owner financing.

If you decide not to get a franchise, please keep me in mind as I do have three different website businesses available in different price ranges that do offer owner financing. A domain reselling business offering hosting and other services through godaddy, with a stable of "premium" domains and website included, a 10 year old known dating service selling it's website, domains, adv etc. as an asset business, and an ebay website selling unique, antique movie memorabillia selling as an asset sale. They are all relocatable to anywhere. You can reach me at "globalnerd@yahoo.com". Need to sign an NDA form for information.

Best of luck to you in whichever business you decide to purchase.
Angie

With a zero credit rating it might be difficult.I would suggest seeking finnacing through Subway or an existing fast food owner and ask them to hold a note from you.
Carl pallini
908-887-4959