Two restaurant openings in one month | Stating It Real
Stating It Real

6 min read · by Chris Kirkman · September 2026

Operations6 min readChris Kirkman

Two restaurant openings in one month

In one month we opened the first two Seoulicious KBBQ restaurants. New brand, new menu, operations still being locked down, times two. It was intense, and it was less reckless than it sounds, because the food and the core of the operation were built on my partner’s proven Korean BBQ, already my favorite restaurant in the area before we ever teamed up.

Year one is a working-capital knife fight. Hold more than you need.
Year one is a working-capital knife fight. Hold more than you need.
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When the door opens early, move

We opened the second location that fast because a fantastic corner across from Disneyland fell into our lap, and locations like that do not wait for your comfort. A prepared operator moves ahead of schedule; an unprepared one calls it bad timing.

Working capital is the whole first year

Cash flow is brutal in year one even when the business is on pace to clear close to two million. Invoices, payroll, repairs, and surprises land in the same week. Hold more working capital than you think you need, because the grind year rarely leaves enough even after you have poured in every last dollar.

And year one is a lending cliff

Survive it and doors open. Roughly a year of operating history plus about three months of healthy bank statements with real deposits is what most lenders want, and it unlocks loan options and often a line of credit for working capital. The first year is a toll booth. Pay it once.

Through all of it, keep the payment order sacred: employees before yourself, then investors and lenders, then vendors, then the banks. That order is why the people who backed the first opening were there for the second.

Two restaurants, thirty days, one brand that did not exist yet

We opened the first two Seoulicious KBBQ locations in the same month. New brand, new menu, new operations we had to lock down while the doors were already open. It was the most intense month of my business life, and it happened because a location across from Disneyland fell into our lap and we would have been foolish to let it go.

2
openings in 30 days
1
new brand
~$2M
year-one run rate
0
margin for cash-flow error

Why it was less reckless than it sounds

The food and the core operations were built on my partner’s proven KBBQ concept, which had been my favorite restaurant before it was my business. We were not inventing a cuisine; we were scaling something that already worked, with a new name and two new rooms. That is the only reason two at once was survivable. A genuinely new concept opening twice in a month would have been two experiments running at once, with no baseline to tell which variable was failing.

What the month taught me
1
Working capital is the whole game in year one
Even a business on track for two million in revenue can run short of cash when invoices, payroll, and repairs land in the same week. Reserve more than you think you need, then add to it.
2
Pay employees first, always
Without a team there is no restaurant. Payroll went out on time every period, including the ones where I did not pay myself.
3
Investors and lenders next
They believed before there was proof. Their money is why the second location was possible.
4
Vendors are a relationship, not a line item
A food supplier who stops delivering closes you tomorrow. Banks have patience; produce trucks do not.
5
One year and three months of statements change everything
After twelve months of operations and a quarter of strong deposits, lenders returned our calls and lines of credit became possible.

You can trade a nine-to-five for a twenty-four-seven. The difference is whether you work on the business or in it.

The partner made it possible

I would not have opened one restaurant, let alone two, without June. Her concept, her operational knowledge, and her willingness to carry the kitchen while I carried the deals, the leases, and the money is the entire reason the month worked. We now partner on everything, and that started with a stretch where each of us did what the other could not.

If you are about to open something
Have three months of payroll in reserve before the doors open.
Know which vendors you cannot lose and pay them like it.
Get the bookkeeping clean from day one; the loan you want in month thirteen depends on it.
Decide who owns what before the first shift, in writing.
Sleep. Nobody makes good decisions in week three on four hours.

What it proved

That a business can be a vehicle for the life you want rather than a replacement for the job you left, if you build it to run on systems and people instead of on you. Year one was a grind. The structure that grind produced is what let me step back from the line and work on the business rather than in it.

What I would do differently

I would have opened them six weeks apart. Not because two at once was impossible, but because the second opening drew attention from the first at exactly the moment the first needed its systems locked down. Staggering them would have cost us some momentum and saved us a month of chaos. I would also have started the bookkeeping cleaner from day one, because the loan we wanted in month thirteen depended on statements from months one through twelve, and months one through three were rough.

And I would have protected one block a day for nothing but the business rather than the restaurants. Working in them was necessary that month. Working only in them meant the systems that eventually freed me were written later than they should have been.

The Flame Broiler lesson

One of the openings taught me something about buying a location. The space had been a Flame Broiler that closed, and it came with almost all of the equipment we needed: hoods, walk-in, grill line, dish pit. We painted, put up menu screens, hung our sign, and were serving in weeks instead of months. A second-generation restaurant space with working equipment is worth far more than the rent difference to a first-generation build, and I now look for them specifically. The same logic applies to storage and apartments: buy the asset where somebody else already spent the capital and the time, then bring the operations.

Go deeper: The business-architecture chapters of The REbuild cover openings, working capital, and the operator’s five daily numbers. Get The REbuild → Read: who gets paid first →
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Chris Kirkman
Chris Kirkman

Operator: self-storage, apartments, restaurants. Author of The REbuild (456 pages, first edition September 1, 2026) and host of Stating It Real. The whole story →

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