Roast of the Town
Fed up with working for others, one couple decided to take a standa barbecue stand, that is.
URL:
http://www.entrepreneur.com/magazine/entrepreneur/2003/december/65626.html
In 1999, Billy Penny found himself in an all-too-common
predicament— was laid off from his engineering job in Marion,
Indiana, and was looking for a way to provide for his family. But
instead of searching for work in a difficult job market, he decided
to make his way as an entrepreneur. "I told my wife,
'I'm tired of someone telling me how much money I'm
going to make, what my hours are going to be— just want to do
something different,'" says Penny, 42.
So he and his wife, Kathy, 36, decided to sell their car and
sink all their resources into starting a business— roadside
barbecue stand. Unlike Texas, where they once lived, barbecue
restaurants weren't very common in their Indiana community, so
it seemed like the perfect niche opportunity.
Penny designed a barbecue concession trailer that resembled a
log cabin. With the slogan "Eat here or we'll both
starve," they launched their business in 2000. Penny contacted
the local newspaper to tell his story and drum up interest—
the strategy worked. "People just flocked to us," he
recalls. "We had 57 people in line for our grand
opening."
The response was so overwhelming, the Pennys decided to keep
their business going through the winter months, even though it
would be too cold to sell from an outdoor cart. Using the $105,000
they had earned in the first six months of business, they opened a
brick-and-mortar location, which they named Southern Yankee
Bar-B-Q.
Still, they were not content to end there. Penny used his
entrepreneurial sensibilities and engineer's vision to design a
mobile barbecue concession trailer that could be used year-round.
When customers started asking how they could get their own barbecue
stand, he decided to patent the design. With the money they'd
made with the restaurant and concession trailer, the Pennys were
able to open a factory to manufacture the barbecue stands for other
entrepreneurs.
Today, for less than $30,000, business owners can get their own
stand-alone carts and sell barbecued items anywhere— New York
City to as far as the Middle East. In late 2002, the Pennys sold
the restaurant side of their business to focus solely on the
manufacturing side. And with Southern Yankee Bar-B-Q now estimating
sales of nearly $1 million this year, it seems starving is no
longer on the menu.
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