If your home is the one everyone wants to be invited to to watch major sporting events, it may not only be because you have the biggest tv. You are probably also famous for tasty finger foods and a refrigerator stocked with the best home brews in the area. It may come to you that the same friends who chow down on your free food might also be willing to pay for it. You don't want to rush into a restaurant business that specializes in buffalo wings Portland natives will devour without some serious thought however.
You already know your friends will frequent any establishment you open, but that won't be the size crowd you need to be a success. You should scour the area for potential competition, sit down, and have a meal to test their menus, their decor, and the staff. You might enlist your friends in your research to study the feasibility of opening another casual dining restaurant in your town.
You'll need make decisions about the type of restaurant you want to run. It could be eat in or carry out or a combination of the two. If you plan on offering alcoholic beverages, you might want to offer both. A good location will be central to your success. You must offer plenty of parking. You will need to be in a high traffic area, so something convenient to a sports venue or college campus would be ideal.
Going into the restaurant business is not cheap. There will be state of the kitchen equipment to purchase and a wide range of supplies. If you know of someone getting out of the restaurant business you could offer to buy their kitchen equipment, if it is in good shape. You might even make an offer on their business as a whole and reconfigure it to fit your needs.
If that is out of the question, you'll have to create a detailed business plan and take it to a local lender. Buying a franchise is always a possibility, but that involves using their marketing and recipes instead of creating your own. If you decide to strike out on your own, there is no shame in starting small and expanding.
You probably won't be able to manage the business all on your own. Hiring staff is something you will have to consider. You might not need much in the way of staff in the beginning. You should hire people who are willing to work and will listen to the vision you have for the business. If you're the one doing the cooking, you will need people to wait, check out, and clean up.
There will be numerous licenses and permits to get. A business license can be obtained from the city government. You have to apply at the health department to get a food permit. You will need comprehensive insurance to protect you against any claims made. Your agent should be able to provide you with the guidance you need.
Your menu is going to distinguish you from the competition. You can enlist your friends to test the secret sauces that go into your offerings. They can tell you whether or not your customers will be impressed enough to return.
You already know your friends will frequent any establishment you open, but that won't be the size crowd you need to be a success. You should scour the area for potential competition, sit down, and have a meal to test their menus, their decor, and the staff. You might enlist your friends in your research to study the feasibility of opening another casual dining restaurant in your town.
You'll need make decisions about the type of restaurant you want to run. It could be eat in or carry out or a combination of the two. If you plan on offering alcoholic beverages, you might want to offer both. A good location will be central to your success. You must offer plenty of parking. You will need to be in a high traffic area, so something convenient to a sports venue or college campus would be ideal.
Going into the restaurant business is not cheap. There will be state of the kitchen equipment to purchase and a wide range of supplies. If you know of someone getting out of the restaurant business you could offer to buy their kitchen equipment, if it is in good shape. You might even make an offer on their business as a whole and reconfigure it to fit your needs.
If that is out of the question, you'll have to create a detailed business plan and take it to a local lender. Buying a franchise is always a possibility, but that involves using their marketing and recipes instead of creating your own. If you decide to strike out on your own, there is no shame in starting small and expanding.
You probably won't be able to manage the business all on your own. Hiring staff is something you will have to consider. You might not need much in the way of staff in the beginning. You should hire people who are willing to work and will listen to the vision you have for the business. If you're the one doing the cooking, you will need people to wait, check out, and clean up.
There will be numerous licenses and permits to get. A business license can be obtained from the city government. You have to apply at the health department to get a food permit. You will need comprehensive insurance to protect you against any claims made. Your agent should be able to provide you with the guidance you need.
Your menu is going to distinguish you from the competition. You can enlist your friends to test the secret sauces that go into your offerings. They can tell you whether or not your customers will be impressed enough to return.
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