Some people might have wondered if it was really the right time to open a restaurant. For Lori Edwards, owner and operator of The Hangout Sports Bar and Lounge in Roanoke, Virginia, February 2021 was the perfect time.
“Actually, GE picked the timing,” Lori explains, referring to her last employer. “When GE shut down two years ago to take the jobs overseas (I’d been there for over 23 years), I decided I would rather take early retirement and just get into my own thing.”
Lori knew she wanted to explore a different path, but she also realized she would need help and guidance. She was referred to Tom Tanner, a senior advisor at the Roanoke SBDC, and is thankful that she made the connection. “Tom has been wonderful, working with me every step of the way,” Lori says.
The Hangout is a family business. Lori runs it with her daughter — a big perk, she says. “When I thought about what to do next, I thought about how I love cooking,” she explains. “My daughter was a bartender at Carabas, so she knew all about the drinks. And I like playing pool. So, the place is a good mixture of all that.”
As Lori built her business, Tom offered both advice and guidance in applying for loans. Tom was instrumental in finding the right location for the restaurant and is currently helping Lori apply for COVID payroll assistance.
“He’s helped me with everything,” she explains, “showing me exactly what I need to do and when I need to do it, including helping me write a business plan that resulted in me being able to purchase this building and get me going.”
Lori’s aptly named The Hangout Sports Bar and Lounge has quickly become a popular local hangout, offering billiards (including tournaments), karaoke, live entertainment featuring local and regional bands, and especially delicious home cooking.
Lori is pleased with how her business has grown. “We’ve gotten a lot of regular customers, and the word about our home cooking is getting out. So far, we’ve been very blessed.”