Things to take care before starting Restaurant
Establishing a new restaurant is nothing but building a new venture. But has its clutches and caveats though.
So, Let’s start with the most vital aspect any business needs - Capital.
The capital is much needed in two phases.
1. Set Up
Phase1 — A Place, which requires a decent ambiance, and advances if you’re renting out. Moreover, you need cooking staff, especially a good chef and service excellency can change the fortune of the restaurant. Spend less than 60% of your total capital. And the rest you’ll need for maintenance for about 6 to 7 months.
Phase2 — To run the restaurant you require money for paying staff, raw material, and monthly water and energy bills. Also, you need to plan special offers to attract people. So it’s okay in the initial months to get sub-par returns.
It is best to have sufficient money on hand to run the restaurant for at least three months. First, keep this money aside, and start utilizing money for the phase 1.
He is a crucial part of any restaurant. A chef can lure customers with his delicious hand. Before hiring one, understand his experience, and taste his food. Making compromises here can bring disasters. Remember, always have a backup chef, aka Sous Chef.
To get gold, you have to keep a hand where gold falls. Understanding where to set up your restaurant has to be in terms of accessibility, visibility, and at last where potential customer base is.
For example, say, you have planned to put up your dream venture next to an IT-park. And it is well outside of city premises. Here your advantage will be low-cost rent. However, holidays can be your worst demons. But it is in no way a terrible choice. Comprehend what you have and act accordingly.
No one wants to dine in a peace-less shit hole.
Keep the restaurant clean every single moment; opened or closed. And try to give as good privacy as possible to the customers.
Have a theme. And reflect that through the interior design. An economical design and the ergonomics, nowadays, aren’t hard on your pocket. Don’t neglect it.
Another point is to keep the sound from the kitchen to itself. Doing this would keep the ambiance at a high level. And whether it is a human or a restaurant, smelling good is always adorable.
Having a good parking space can help you a lot. If you don’t have one, you could lose a significant amount of customers. Be cautious and ensure a parking area is available next to the restaurant.
It is common that many restaurants are built upon a partnership. While that is not bad, a partner who just throws money and sits idle would be of more bad than good.
Pay your staff without failing. Let the staff know, when they join, on which day of the month they’ll get paid. Any delays in salary disbursement will make the staff uncomfortable, and that will do no good.
Just reading information alone doesn’t help if you can’t execute the ideas. Get everything required and embark on a journey you love: building a fantastic restaurant.
Already started a restaurant? But struggling with customer traction? Read this to get your restaurant out of the rut.