For many of us, cooking isn’t just a hobby; it’s a calling. It’s no wonder there are always new restaurants opening up!
If you’ve been dreaming of owning or running your own place, there are a few essentials you’ll need to prepare for. Here are six things to think about when starting up a restaurant:
1. Devise a business plan
An estimated 1,000 new restaurants open each year. In order to succeed, it’s essential that you do your homework before anything else.
You’ll need to have a solid business plan. It should focus on how you intend to make the restaurant profitable. By coming up with a well-researched plan, you increase the odds of getting a bank loan.
2. Know your concept
When it comes to starting up a restaurant, one of the most important things you can do is have a great concept. You want something that’s different … but not too out there.
If you’re having trouble making a decision, think about the type of atmosphere you want. Is it warm and intimate? Open and modern? Do you want to focus on a certain national cuisine or type of food? You have to get clear about what you want!
3. Understand the importance of your name
The name of your restaurant cannot be neglected. It isn’t just a name; it’s a representation of your brand.
You are going to spend a lot of time selling this name (and the restaurant behind it) to clients, customers, and investors. That’s why you’ll need to choose something you can be proud of. Don’t rush into this decision … it will stay with you for years to come.
4. Choose the right location
To start a successful restaurant, you’ll need to do some planning. That means choosing the right location. When you’re looking at a certain area, think about how many restaurants are in that neighborhood, how your menu will differ, and the median age and income of residents. This can help you to find a location that will best suit your concept.
5. Find the perfect building
Once you’ve decided which location is right for your restaurant, it’s time to find the perfect building. You’ll need to think about whether the it looks inviting from the outside, whether it’s a wood frame or concrete structure, and what remodeling you’ll need to do before you can open.
6. Plan an unforgettable menu
And then there’s the food. Starting a successful restaurant isn’t just about planning and marketing … it’s also about creating an unforgettable menu. You want your guests to have a memorable experience. So choose items that are flavorful, unique, and will keep people coming back for more!