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.
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.
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.
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.
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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