Wanna start a restaurant? Do you have a new food concept?
We’re here to help reduce the risk associated with going into the food industry. The Local Innovators Institute is a 7-week educational course that covers business plan development, menu pricing, New Mexico Health Department requirements, and branding; as well as hands-on experience in our food truck.
Lovington MainStreet’s economic transformation goal is to create a true dining and entertainment district in downtown. To assure our success, we have developed a restaurant accelerator pilot program. The program will kick off on February 6, 2020, with a required meet and greet. On February 12, 2020, in-classroom training will begin: it will be held twice a week and will last maximum of two hours each class. Hands on training, i.e. mobile food truck use, will vary but will total 3 weeks. Our program is competitive, with a maximum of five (5) applicants. During the time they use the food truck, participants will be required to report a weekly Profit & Loss statement, and 3% of profits will be paid to Lovington MainStreet. Participants will keep 97% of the profits made during their time in food truck, and a Profit & Loss Template will be provided. Participants will also present their concept at the Downtown Bites private party in July.
- Deadline to apply is November 15, 2019; digital or print copy must be received by 4:30pm.
- Requires 10-minute pitch to the LMS board on December 3rd, 2019, with a 20-minute Q&A.
- Non-Refundable Application Fee $50.
- Only completed applications will be accepted.
Interested entrepreneurs should contact executive director Mara Salcido by email at email@example.com or phone at 575-396-1418.