On the surface running your own restaurant seems to be an easy prospect. You love to cook and or eat and you know the rest of the world at least loves to eat so why not take on a restaurant and make it successful. The best thing you can do for yourself is form a restaurant business plan. Have you ever owned one before? If not you might consider working in one for six months to a year to gain experience. Find an owner who is willing to share what they have learned, then learn from them.
Consider start up costs, then find out what kind of permits are needed before you can open. Where are the best markets for purchasing stock like produce and meats. Corporate structure is another puzzle that must be worked out before you can open for business. This is all part of the fundamentals of running your own restaurant.
Understanding and setting costs per meal is vital as is providing a menu that will “sell” your restaurant. You need people to return again and again to be successful. Contact the British Hospitality Association for information on financing a restaurant. You will not find books or manuals on how to run a restaurant because there are none! It takes years of experience to learn the trade but if you can find someone to mentor your plan you will be successful.
You may be a foodie or gourmet cook at home but cooking for hundreds of people each day can be a daunting task. You can find much more information and help by visiting Tedariah.com catering consultancy.
You need to consider hiring a good experiences chef who also happens to have a good reputation. Let them help you plan a menu based on what he or she can cook really well. Develop your own taste of what’s good and popular in your area. Do not overprice your menu but definitely do not under price because your margin of profit will be so tight already just a few cents can mean closing or becoming a hit in town. Have fun with your entrepreneurial endeavor and listen and learn from your peers.