10 Questions To Ask When Opening A Restaurant
So, you want to be a restaurateur?
There are many variables that come into play when opening a business. In the restaurant industry, it can be that much harder to survive. You’ve likely seen restaurant opening statistics like, 60 percent of restaurants don’t make it past the first year of their opening, and 80 percent go under in five years. While alarming and hard to ignore, these numbers aren’t exactly accurate. We’ve done some research, and that just isn’t true.
Still, you should make sure you’re prepared.
Here are 10 questions to ask when opening a restaurant
1. Where will your restaurant be located?
When you’re thinking about how to start a restaurant, it’s location, location, location. Find a scene that is easy to grow with, gets decent crowds, and, of course, fits within your budget.
2. How much will it cost to open?
When thinking about finances required to open your restaurant, it is not just a matter of identifying opening costs alone. Figuring out the total operating costs of your restaurant will allow you to manage your business appropriately.
Most of us are in it for the passion, the guests and the food. However, the restaurant business is still a business. We’ve got some tools to help you get your finances in order.
3. What makes you different?
Take a step back and think…