According to research, the sales of restaurant industry are predicted can reach $537 billion a year. Owning a restaurant can be very rewarding, but not every restaurant can earn profit. Opening a restaurant is not as easy as you imagine. You need hire manager and employees and give them training so that you dont lose your profits and/or your business. Before you open your own restaurant there are many aspects that need to be addressed to avoid failure.

 

1.    Selecting a Food Concept

A food concept is the first thing to consider when planning on opening a restaurant. Deciding what type of restaurant you want to open will depend of a variety of things. Concepts give restaurateurs a way to let potential customer know in advance what to expect and also help you to structure and organize other aspects of your business.

 

2. Menu

After you decide food concept, you can begin crafting your menu. Your menu is important part of your restaurant. Actually, it is essentially why your customers keep coming back. Food is the basis of your restaurant. No matter how excellent of your service or environment, customers would not come back if you can not offer food what they desired.  Finally, knowing how to price the menu will help increase your profit margins, giving you more money to invest into your restaurant

 

3. Location

A restaurants location is as crucial to its success as great food and service. There are several factors need to be considered when searching for appropriate restaurant location such as population base, local employment figures and accessibility. Locate in the right place could mean the difference between serving 50 people every night and serving 250. However, theres more than simply buying a space to the process. Being in right location also benefit for marketing and promotion.

 

4. Staff

One of the biggest challenges in foodservice industry is lack of qualified labor. Hiring the right staff is crucial to any new restaurant. Good food loses much of its appeal if it accompanied by bad service. Hire experienced staff who knows how to provide excellent customer service is a good way to help you to get success easily. However, provide initial and ongoing training is also necessary even your workers are  experienced. Well-trained employees are happier, more confident and more effective. Plus, ongoing training builds loyalty and reduces turnover.

 

5. Equipment

Equipping your restaurant kitchen, dining room and bar is the largest part of your start up budget. Having a clean, efficient restaurant and the right supplies, will contribute to the overall quality of your operation. Here are some tips for purchasing equipment:

5.1 Buy Necessary Equipment.

Do not waste money on the equipment which you don’t need. Focus on the particular items on your menu and purchase the equipment you need.

5.2 Research your options

Besides local companies, check out restaurant retailers online for deals. Before you purchase expensive restaurant equipment, make sure the seller is a reputable business.

5.3 Make Sure to Meet All Local Codes

When purchasing commercial restaurant equipment, you should first check all health, fire, and building codes to see the specific requirements of a commercial kitchen.

5.4 Quality

Quality is the first priority of purchasing kitchen equipment. Qualified equipment have longer service life that can save your money to update your equipment.

 

6. Kitchen Design

 

A good-designed kitchen has great contribution to a restaurant’s success. A rational kitchen design is able to maximize the space utilization and increase the efficiency of operations. Thus, it would be beneficial to get consultation from a professional company in advance.