I would like to open a restaurant what is the first step?

Answer 1

Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* The Restaurant Business Start-up Guide by Paul Daniels
* Restaurants That Work: Case Studies of the Best in the Industry by Martin E. Dorf
* Restaurant Financial Basics by Raymond S. Schmidgall
* Opening a Restaurant or Other Food Business Starter Kit: How to Prepare a Restaurant Business Plan and Feasibility Study by Sharon Fullen
* Upstart Guide Owning & Managing a Restaurant by Roy S. Alonzo
* The Restaurant Managers Handbook: How to Set Up, Operate, and Manage a Financially Successful Food Service Operation by Douglas Robert Brown

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

Are you interested in a franchise or starting a new venture?

Develop a business plan that will allow you to obtain financing from a bank as a new restaurant will cost anywhere from $100,000 to several million to build depending on the location and whether you lease or own the property. Many chains sell their property and lease it back for tax reasons on a long term basis. Your equipment and front of house is another huge expense, I have done packages up to several hundred thousand.

Location can make or break a restaurant. Contact a real estate broker specializing in commercial property such as Coldwell Banker to obtain the best site. Sometimes the owner will be desperate to sell and give great concessions such as all of the equipment since many restaurants fail in the first few years.

The link below has more information. Good luck!

Answer 3

A good location is very important, next is to come up with a good menu. Come up with a specialty that would make people go back to your restaurant. Something so special that when a person think of that certain food that person will associate that food to your restuarant. Next would be a good service, a lot of restaurant have good food but the service sucks and because of it people stop going. Then theres cleanliness... clean kitchen and clean toilet....

Hope this helps =)

Answer 4

Take a lot of restaurant experience and combine it with $100 thousand and drop it on a great location. You will be an overnight success.

Answer 5

One of the first steps is to locate a prime location and obviously know what kind of restaurant you want to have. Next you should Incorporate/LLC your company and you will need to accept credit cards at your location because people pay more when they use Visa/MC. Our company can help you incorporate/LLC, accept credit cards, and even get a website if you need it. Please contact us at [e-mail] and we would love to help you out with your business venture.

Answer 6

well. the major thing about opening the resturant is you have to find a good location. then you have to check if ur loction is good for the type of the resturant (foo) you going to serve. is these people gonna like your food.
btw. i am lookin to open a new resturant too.

Answer 7

Write a comprehensive business plan.

Answer 8

Dana,
If you are in Chennai.
I am also looking to start a restaurant.

If you are interested in partnerships then do mail me at [e-mail]

Answer 9

identifying area of operation like abusy commercial centre, an educational institute etc.