Monthly Archives: August 2011
I tend to agree with this article. It is never too soon to start the marketing process for your new place. If you are working on starting a bar or launching a restaurant, you need to start your marketing early. Step one is identifying your market. And the step not far after that is making a connection to that market and letting them know you are coming really soon.
Get them excited and get the itching to be there when you open. If you can do that you can reach break even much faster, which means you need less cash to open in the first place. It’s a win-win, but only if you do it. Check our post for a … Keep reading
This article has lots of good ideas, a few OK ideas and some I don’t agree with. I’ll add my comments to their ideas to give you another perspective and then you will have the best of both worlds- or at least twice as many opinions to sort through! 🙂
1. Reduce Food Costs With A Descending Dollar Report
A Descending Dollar Report is a fancy way of saying “Find the 10 food items you spend the most money on every month.” Once you know what those 10 items are, start looking for ways to cut your costs on each one.
Talk to your distributors and see if you can find a similar or even better product that’s less expensive. … Keep reading
For our most complete and detailed post on the topic please go to our opening a restaurant checklist.
For an actual detailed and step by step plan to follow for planning your restaurant, creating a business plan, crating restaurant financials, raising the money you need and actually opening a profitable restaurant then you need to check out our complete Restaurant Success Kit.
Starting a Restaurant Checklist Steps
Your checklist for starting a restaurant is really just a list of things you need to do broken down into small, manageable chunks that you won’t feel overwhelmed by or like you will never be able to get through.
Now that you have made up your mind to open a restaurant … Keep reading
The business world seems to have been mostly doom and gloom the last several years and in particular for restaurants.
But that isn’t the case everywhere and for all concepts. We did an article before on a restaurant success story built in the middle of this recession- the worst in decades- and now here is the Inc 500 list out with a whole slew of restaurants that grew- a lot- from 2007 to 2010.
The point is, with a good concept and good execution, it doesn’t matter what the macro environment is doing- you will be able to grow and succeed. With a poor concept, you’re going to have a tough time in even the best of times and … Keep reading
Lots of people have the dream to open their own restaurant but the question of how to open a restaurant and actually fulfill that dream can seem daunting. The fact is however that it doesn’t have to be overwhelming and just like any big task a few break it down into simple steps virtually anyone can do it.
Literally tens of thousands of restaurants are opened every single year in this country and countless more around the world. If all of these people can do it then clearly it isn’t as hard as it might seem at first.
As a restaurant consultant the issue of how to open a restaurant is one I deal with every single day. If you … Keep reading
If you have recently decided to enter the restaurant industry then you likely have a number of questions in mind, such as: What steps to open a restaurant do I need to take? How much money do I need to open a restaurant? Where is the best location?
And the topic of this post, what licenses do I need to open a restaurant?
The answer to these questions and others similar to them lies in knowing the industry in detail. Knowing the industry in and out will help you know what decisions and plans you need to make before the restaurant is operational.
When the question of licenses and permits arise, there are quite a few of them … Keep reading
For a complete rundown on what it takes and the order to do things, check out our opening a restaurant checklist which will give you the nitty gritty details you will need to cover to open.
Here is a basic breakdown of the steps to open a restaurant you will need to cover:
- identify a market to target
- research market
- create a concept to address the market that is unique and appealing
- plan your menu
- write your business plan
- create your financial projections
- recruit experienced restaurant advisers
- raise the capital (money) required to open
- secure a location
- convert the location to your concept
- install sign
- install necessary equipment
- get required permits
- sign up with vendors
- get your restaurant website