Looking at Opening a Restaurant?
Are you an aspiring restaurant operator, looking at opening a restaurant but unsure where to start? Well, we get it. Opening a restaurant or any type of hospitality venue for that matter might seem tricky. On one hand, it can be financially rewarding. On the other hand, opening and managing one can be really overwhelming, especially if you've never done it before . But if you’re really serious about opening a restaurant, then go for it. With the right attitude and planning, you can turn this dream into reality. We've put together a checklist below on the basics of opening a restaurant, so you can get a better understanding of what's required before starting.
Invest in restaurant technology
From the front desk, to the kitchen, the role of technology in the hospitality sector is unmatched. Because of this, innovators are constantly developing new solutions. Solutions that change how restaurants operate for the better, of course. Because of them, operations are more efficient and more lucrative.
Take a point of sale system (POS), for instance. Investing in this delivers a ton of gains. The long list includes tracking your sales patterns, inventory, and others. Simply put, a good point of sale system opens up a different world of information. To add, it can help increase efficiency, improve dining experience, and cut costs.
Formulate your menu
The menu is another crucial aspect of a hospitality business. Your cuisine plays a key role in determining the crowd that you want to tap and the equipment that you need to purchase. Also, by formulating your menu, you can carefully set up your pricing strategy.
Pick a theme
When opening a restaurant, thinking up and creating a theme is really important. A theme is essential in targeting the demographic that you want to serve. So hire professionals and explain the interiors that you want to achieve, then choose a colour scheme. For a cozy dining experience, use dark colours since this makes spaces appear smaller, check out Matilda by Scott Pickett for a little bit of inspiration. For a quick service character, use bold colours that are complemented by bright lights. Our customers at Royal Stacks and their new Food Truck Concept has a great bright and bold theme - check it out. Don’t forget your staffs uniform; they should also reiterate the theme of your restaurant.
Make a financial plan
When opening a restaurant, financial planning is arguably the most important facet. This is because it can make or break a business. In the process, decide if you are going to build, purchase, or rent an establishment. Don’t decide on a whim and carefully weigh the pros and cons. Furthermore, set aside about six months of payroll. This is the part that many business owners neglect. And by doing so, their endeavour falls flat.
Find a reputable supplier
Bear in mind that there’s more to owning and managing a restaurant than making meals. This is because you also need to find the right suppliers. Remember, without the right ingredients as well as equipment, you’re going to have a hard time expanding.
Hire the right people
Employees are critical to the overall success of a restaurant or café. Therefore, it is best to consider the necessary roles before hiring. This has become a lot easier because nowadays ad placement can be done via the Internet. But make sure to hire the right ones since constant rehires can be time consuming and expensive.
These are some of the variables that you need to focus on if you want your hospitality business to go places. If you properly address them, you can cut costs, deliver top-of-the-line dining experience, and so on. Who knows? In time, your restaurant may become a success story that many inspire others.