How can I sell an idea for an original restaurant?

Question

I have a great idea for a restaurant. It is very tasteful (in terms of food and ambiance) and it would sell a lot. The thing is, I don't have the funds or the intention to do it myself. How could I sell it to someone else? If I just tell someone, they can use it for free. If I don't, why would they pay? Would anyone be interested?

Answer 1

Hi! As a former restaurant consultant who created restaurants for a living, I can assure you that there is a great deal behind what truly goes into a restaurant concept. Everything must be considered to determine if it is a viable business... location, target clientele base, parking, etc. Add to this an innovative menu, interesting design, and a good business plan, and THEN you may, or may not, have a good idea. The only way to effectively sell your idea is to create a business plan that encompasses all the variables of your concept- name, sample menu, price point consideration, and cost projections , not to mention the general points that point to the original "hook" that would make it a viable, marketable concept. Have an attorney look over said plan and create paperwork protecting your idea as intellectual property, and then bring your idea to various restaurant groups that specialize in your particular genre of restaurant- i.e.- quick service, casual service, trendy or fine dining- and prepare a presentation to see if there would be any level of interest in marketing your idea. Generally, just so you are aware, investors who would most likely invest in a new restaurant idea want to see a proven track record behind the person creating the idea, or to see a working, thriving singular example of this concept and then offer to buy the idea based on seeing a successful example they feel could be created and marketed on a much larger scale. Sometimes, people really do come up with great ideas from the get go, but more often than not, you really have to work through the kinks to get a final, polished product to mass market. But keep plugging away if it's something you believe in, and good luck to you!

Answer 2

Sell My Restaurant

Answer 3

I am a social marketing officer and i also have experiences in selling ideas.

However, since the idea came from you alone.. you alone can sell the idea. Here's how:

If you're aiming for a big time idea-selling, then make a powerpoint presentation. You can put all the ideas there.. make it creative so people will know the quality of your idea.

If you jus want your idea to be sold simply, do a one-on-one meeting with a client. make sure you have the composition of this idea.

Answer 4

1. Copywrite the name so it can't be stolen.

2. Have a lawyer draw up a confidentiality agreement.

3. Contact the marketing or development departments of similar price point restaurants (e.g. Ruby Tuesdays).

4. Make sure they sign the confidentiality agreement before you present your idea. This will protect you from theft of your intellectual property.

5. Good Luck.

Answer 5

Sorry I don't have the faintest idea. I think it's great though that you have faith in your idea though. Just a couple ideas...do some research online. You know you can find just about anything online. Second, do you know anyone with a good business mind that you can trust...someone you know wouldn't betray you? If it were me, those are probably the first two things I would do. Good Luck!

Answer 6

Keep it to yourself and work on earning some money.If you can make one restaurant work with your idea, then you can sell franchise rights.

Answer 7

you could try to sell it on ebay, or pitch it to someone only after you get an nda

Answer 8

I'll give you ten bucks if you tell me.