Eating is a part of our lives. Starting our day begins with a meal that can keep us going. Feeding people their all time favorites can be profitable. Below is a guide to help you start a restaurant.
1. Write your business plan. Include your restaurant’s name, mission statement and objective, an itemized list for your startup funds, market research and analysis. Be sure to mention what’s your culinary focus for your restaurant like French or Italian.
2. Decide on the size of your restaurant. Do you want to start out with a restaurant that seats eighty to one hundred people or more? To begin your business, start with your restaurant holding about sixty people. This way, your overhead for your restaurant will be moderate.
3. Contact a real estate agent that specializes in selling commercial property. Your restaurant should be in an area that’s visible to the public and in a moderately high traffic area. Look into downtown cities and metro areas.
4. Decide if you’ll be serving alcohol in your restaurant. If so, you’ll need a liquor license. Check your state’s requirements for a liquor license.
5. Go to your city or county’s clerk’s office to apply for your business license. You’ll need the lease or agreement on where your restaurant will be located and your driver’s license. Go to the IRS website to apply for your Employer Identification Number. To receive your EIN, you’ll need to file out the IRS-Form SS-4. You’ll need your social security number and the name of your restaurant.
6. Contact the Department of Health in your state to know the requirements for your restaurant.
7. Create your unique menu. Make samples of what will be in your menu to show what the dishes will look like. To calculate the cost of your dishes, think about the cost of the products, labor of cooking and the employees. Making your prices competitive also helps build clientele.
8. Promote and advertise your restaurant in the local newspaper, radio stations and televisions commercials. Place ad coupons in local publications like ten percent off the entire bill.