Wow, this is like a how to guide on how to not run a business.
Raise a bunch of cash, go into a location that has so much wrong with it, blow literally all the cash plus $1k just setting up furniture and permits...
Why wouldn't you find a restaurant that just went under and buy out the lease? Take over the kitchen in place (buying the equipment from the bankrupt owner who just wants out), do a revamp on the sitting area, and spend pennies on the dollar compared to this? Added advantage that all the zoning and permits are already complete?