• Facebook
  • Youtube
  • Twitter
  • LinkedIn
  • Flickr
  • Slideshare
  • Rss
  • Donate
  • Subscribe
SBDC Tampa Bay
  • Home
  • Solutions
    • Certifications
      • Business Certifications
      • Minority-Owned Business
      • Woman-Owned Business
      • Veteran-Owned Business
    • Consulting & Training
      • Training
      • Training Calendar
      • Consulting
      • Schedule a Consultant
    • Business Solutions
      • Growth Acceleration
      • Government Contracting
      • International Trade
      • Starting Your Business
      • Disaster Preparedness
      • Student Teams
      • Organizational Development
  • Resources
    • Business Resources
    • Frequently Asked Questions
  • Insights
    • Blog
    • Media Inquiries
  • About Us
    • Mission / Vision
    • Consultants
    • Meet the Staff
    • Meet Our Clients
    • Partners / Affiliates
  • Training
    • Training Calendar
    • On-Demand Training
  • Results
    • Success Stories
    • Economic Impact
  • Locations
    • Tampa
    • Hillsborough
    • Hernando County
    • Pinellas County
    • Highlands, Hardee, DeSoto
    • Polk County
    • Manatee
    • Sarasota
  • Contact
  • Schedule a Consultant
  • Search
  • Menu Menu
Blog

Seminole Heights restaurant lands business loan

Featured News, SBDC News, Success Stories

Hampton Station of Hillsborough County

Seminole Heights restaurant lands business loanTroy Taylor has always loved the Seminole Heights area of Tampa. Born and raised in Tampa, Taylor has lived in Seminole Heights for the past 18 years.

“I moved out here because I knew the way the neighborhood was trending and I love the artistic scene and the general vibe of the area and the growth that I saw could happen here,” he said.

Seeing the potential for growth, coupled with the need for a reasonably priced restaurant in the area, Taylor decided to open Hampton Station three and a half years ago. Hampton Station is a craft beer and pizza restaurant.

“Right now, it’s popular to have a lot of restaurants around here that are a little more on the higher end and I felt it was a good fit for the neighborhood,” he said.

But Taylor didn’t want to just open a restaurant. He wanted to be able to grow the business as he saw fit, without having to answer to someone else or risk the loss of a lease. He needed to purchase the building. In order to do that, he knew he’d have to have his finances in order, as well as a sound business plan.

While he has a finance degree from the University of South Florida dating back to 2000, he knew he would need an outside set of eyes to look over things before he reached out to a bank for financing.

For assistance in these areas, he contacted the Florida SBDC at University of South Florida, and business consultant, Bill Burnham. Burnham reviewed Taylor’s business plan and introduced him to the online software program, LivePlan.

“The information he showed me how to get and obtain and the programs that he’s introduced me to helped me to understand our business in the pure numbers sense,” Taylor said.

Throughout the past year of working with the Florida SBDC at USF, Hampton Station has grown approximately 15 percent, and Taylor was able to secure the business loan needed to purchase the property.

“I would say our biggest achievement is the gains we’ve made,” he said. “We’ve had a lot of struggles in the area that were unforeseen…but we’ve made it through all that and we continue to grow.

“That was our ultimate goal – to buy the property so that we were in control of our own destiny so to speak. Our rent is no longer just going out the door.”

Taylor said the Florida SBDC at USF will also be a continued resource for him as he grows the business.

“It’s good to have somebody to lean on because sometimes in business you tend to get tunnel vision and just focus on the day-to-day stuff without actually stepping back and looking at everything in the broader picture.”

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail
https://sbdctampabay.com/wp-content/uploads/2018/11/Seminole-Heights-restaurant-lands-business-loan.jpg 1080 1304 admin /wp-content/uploads/2021/10/Locked-Host-Logos-Horizontal-USF-Small-e1635274663378.png admin2018-11-15 17:54:202021-12-15 02:26:11Seminole Heights restaurant lands business loan
Subscribe to Newsletter

Categories

  • Business Essentials
  • Business Plans
  • Buying a Business
  • Certifications
  • COVID-19
  • Crowdfunding
  • Disaster Preparedness
  • Economic Development
  • Finance
  • Government Contracting
  • Growing Your Business
  • Healthcare
  • Human Resources
  • International Trade
  • Marketing
  • Press Releases
  • Radio and Podcast
  • Starting a Business
  • Success Stories
  • Success Stories Videos
  • Tech Commercialization/Tech Transfer
  • Veteran
  • Web and Social Media

Contact Us

Regional Office Contact Info

USF CONNECT
3802 Spectrum Blvd., Suite 201
Tampa, FL 33612

813-396-2700

Subscribe to Our Newsletter

Florida SBDC Network

The Florida SBDC at the University of South Florida is a member of the Florida SBDC Network, a statewide partnership program nationally accredited by the Association of America’s SBDCs and funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida, and other private and public partners, with the University of West Florida serving as the network’s lead host institution. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for limited English proficient individuals.

Logos

Business Assistance

USFMuma

State Designated as Florida’s Principal Provider of Business Assistance [§ 288.01, Fla. Stat.]

© Florida SBDC at USF | contact webmaster
Wells Fargo; BankUnited award business development grants to Florida SBDC at...Demand generation business breaking recordsDemand generation business breaking records
Scroll to top