I am considering opening a resturant but what steps are required to get it started? Where do you register for a license? What paperwork is required to open a resturant? After this do you just buy the land, hire an architect, construction company, plumbers, electricians, etc? How do you convince a bank to give you a loan for this?
2006-10-30 05:39:21 · 4 answers · asked by ? 2 in Business & Finance ➔ Small Business
You have to write a Business Forecast of the amount of money you think you will make. To do this you must know your Cost Of Goods Sold, what ingredients go into each dish, their cost. There are many things to include: initial start up cost, inventory... Show the bank on paper how you will be able to repay the loan.
You must know your local health department requirements, building codes, zoning restrictions, liquor license ? , business license, state and local taxes, employees?. It sounds complicated, but is managable.
Good Luck
2006-10-30 05:51:10 · answer #1 · answered by reynwater 7 · 0⤊ 0⤋
you want wide adventure contained in the organisation besides on your education/preparation. that is the first area of the biz plan the banker seems at, and in case you do not comprehend what you're doing, your own loan software ends contained in the trash. Bankers do not take care of wannabes, in basic terms experts. So did you visit culinary institute and prepare as a chef? have you ever reached a position with a eating position the position you do the costing? Or did you visit inn/eating position administration college, which incorporates Cornell college? And what eating places have you ever managed? once you've this education & adventure, you comprehend what to do. without this understanding, you do not have any chance of being effective. it really is an extremely tricky organisation, or perhaps being a good chef with a following or being an experienced manager isn't any ascertain that you may want to be between the very, very few who prevail.
2016-12-05 09:10:35 · answer #2 · answered by forester 4 · 0⤊ 0⤋
You go to a CPA and he/she will help you get your license. Find a building that is in good shape. get your furniture, coolers, stoves. all the equipment you need. and then find companies to supply your foods,napkins, silverware etc. It is hard to get going if you start by building first.You should be able to get a small business loan.
2006-10-30 05:50:34 · answer #3 · answered by ruth4526 7 · 0⤊ 0⤋
thwll you first go up to em and say over the hills and further
2006-10-30 05:41:25 · answer #4 · answered by lord bacon 2 · 0⤊ 1⤋