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 already know your friends will frequent any establishment you open, but that won't be the size crowd you need to be a success. You should scour the area for potential competition, sit down, and have a meal to test their menus, their decor, and the staff. You might enlist your friends in your research to study the feasibility of opening another casual dining restaurant in your town.
You'll have to decide if you want to offer your customers eat in, carry out, or both. A carry out operation is the least expensive to open, but if you are contemplating having a bar, you will need to offer both. You will have to scout out what properties are available in the best locations. There has to be good parking. You want to be where the people are, so opening close to a college or sports arena would be good choices.
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 determine your menu. You probably already have secret sauces your friends rave about. They can be great guinea pigs as you're experimenting with new hot and mild sauces to offer your first customers.
You already know your friends will frequent any establishment you open, but that won't be the size crowd you need to be a success. You should scour the area for potential competition, sit down, and have a meal to test their menus, their decor, and the staff. You might enlist your friends in your research to study the feasibility of opening another casual dining restaurant in your town.
You'll have to decide if you want to offer your customers eat in, carry out, or both. A carry out operation is the least expensive to open, but if you are contemplating having a bar, you will need to offer both. You will have to scout out what properties are available in the best locations. There has to be good parking. You want to be where the people are, so opening close to a college or sports arena would be good choices.
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 determine your menu. You probably already have secret sauces your friends rave about. They can be great guinea pigs as you're experimenting with new hot and mild sauces to offer your first customers.
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