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 know you have a ready clientele with your friends, but that won't be enough to sustain you in the long run. You should check out the competition by sitting down and trying the specials on their menus, examining their interior design, and studying the staff. Instead of spending thousands on feasibility studies, you can enlist those same friends to research whether or not adding another casual dining establishment to the community is warranted.
You could offer dine in, carry out, or a combination of both. Carry out is the least expensive option. If you're thinking about opening a bar in the restaurant, offering eat in and carry out is the the way to go. Finding the best available location is important. There has to be ample parking. Close proximity to a sports arena or college campus will give you great visibility.
Opening a restaurant is not a cheap enterprise. You'll need state of the art equipment and supplies. You might consider negotiating with a restaurant owner who is retiring or relocating. It might be possible to buy an existing business and rework it to suit your needs.
You always have the option of taking out a business loan. For that you need a business plan detailed enough to suit the lender. A franchise is another option. If you decide on this plan, you will have limited opportunities to create your own menus and decor.
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.
You are going to need permits and licenses. You must get a business license from the city and a food permit from the health department. You will need to discuss your insurance needs with your local agent to make sure you are covered for all the things that might go wrong.
Finally, you must come up with interesting and tasty entrees for your menu. Since your friends are already fans of your secret sauces, you can use them to experiment with new varieties. They will let you know each time you have a winner.
You know you have a ready clientele with your friends, but that won't be enough to sustain you in the long run. You should check out the competition by sitting down and trying the specials on their menus, examining their interior design, and studying the staff. Instead of spending thousands on feasibility studies, you can enlist those same friends to research whether or not adding another casual dining establishment to the community is warranted.
You could offer dine in, carry out, or a combination of both. Carry out is the least expensive option. If you're thinking about opening a bar in the restaurant, offering eat in and carry out is the the way to go. Finding the best available location is important. There has to be ample parking. Close proximity to a sports arena or college campus will give you great visibility.
Opening a restaurant is not a cheap enterprise. You'll need state of the art equipment and supplies. You might consider negotiating with a restaurant owner who is retiring or relocating. It might be possible to buy an existing business and rework it to suit your needs.
You always have the option of taking out a business loan. For that you need a business plan detailed enough to suit the lender. A franchise is another option. If you decide on this plan, you will have limited opportunities to create your own menus and decor.
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.
You are going to need permits and licenses. You must get a business license from the city and a food permit from the health department. You will need to discuss your insurance needs with your local agent to make sure you are covered for all the things that might go wrong.
Finally, you must come up with interesting and tasty entrees for your menu. Since your friends are already fans of your secret sauces, you can use them to experiment with new varieties. They will let you know each time you have a winner.
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