How do you start your own restaurant, restaurateurs often have asked themselves. At first glance, this might seem a big bite to handle for laymen trying to succeed in this industry, but really it can be broken down into an open a restaurant checklist, which is exactly what we have done before every single of our projects. And now we want to share this experience.
Check our own how to open a restaurant Checklist we’ve used in a number of projects that paved the way to very successful businesses:
A Brilliant Restaurant Concept
Restaurant concepts are often conceived based on current trends (or fads) in food. Imagine restaurants built around a certain country’s stereotype dish or ten pound burgers, and you will understand what I am talking about. Whereas, a concept built around a diverse menu that offers a variety of classic and new dishes, is likely to be as popular with diners in five years as it is now. I can confidently claim nonstandard and unique restaurant concepts claim the most ground after opening. Think of a shining restaurant concept and implement it within your own business.
A unique restaurant concept idea might affect the restaurant equipment checklist you will need to fill out, too.
Selecting a name for your restaurant can be difficult. We recommend that you try to look at the name as if you were the customer. Would your name sway them into visiting your restaurant instead of some other? Does it tingle their taste buds? Does it make their mouths water just to think about it? If you do choose a memorable name, not only will they remember you by your great dishes, but also have a very straightforward way to spread the info about their great experience to their friends too. Forging a great name for your restaurant is a critical point in the open a restaurant checklist.
Decide upon a Location
Location is everything, and there are a few things to consider before choosing the right location for your bar.
- The Impression – Regal? Elegant? Formal, or just casual? These decisions should affect the location where you will open.
- Demographics – Different areas of your city appeal to different demographics. If you’re looking to appeal to college students, opening near a university makes sense. If you’re looking to attract higher-class customers, set up shop in the more affluent part of town.
- Accessibility and Parking – If you’re attracting tourists, parking is less of an issue since they’re likely to call a cab or use Lyft or Uber. However, tourists are less likely to be repeat customers. Keep this in mind when choosing your location.
- Area Regulations – Can you open a bar here?
- Rent and Utilities Costs – Will you be able to make this up in sales with the type of customers you’re going to draw in?
Check out this handy opening a restaurant checklist pdf.
Open a Restaurant Checklist – Legal Side
The best way to protect yourself as an owner is by setting up your restaurant as an LLC (limited liability company), according to Forbes. Choosing this type of legal structure protects your personal assets and prevents personal liability. For example, if a customer or employee sues you, only the money invested in the restaurant is at risk, rather than your personal funds. You also need to obtain several permits, licenses and insurance. Aside from obtaining workers’ compensation insurance, you need a business license as well as health permits, food handler’s permits and sign permits, which lets you advertise your business. Each state’s laws vary.
Devise an Immaculate Business Plan
Now it’s time to write your business plan. This is like your roadmap to opening day. A business plan has three main parts: an executive summary, company description, and a market analysis. Basically you have to give an overview of your restaurant idea – the concept, the location, the amount of money you expect to make each year, and so on. Writing a restaurant business plan can take time, but it is essential that you have clear understanding of what opening a restaurant entails.
The Point of Sale System
Aside from the more obvious equipment needed for a restaurant, such as refrigerators and appliances, you also need a point-of-sale system. Once you open and hopefully begin bringing in money, you need a way to track it. A point of sale system does that and more. It is an essential piece of technology that allows servers to enter orders, which will transfer to printers in the kitchen where cooks can view and work on the order. Systems also come with drawers for cash and methods of running credit and debit cards.
This concludes our open a restaurant checklist and thus we hope it will raise your latest business from the ground fast and high.