Here is the Step By step Guidance How to Start a Restaurant in USA
Let us Start a new restaurant Can Be Your Key To Financial Success In 2019 . For the smooth functioning of your restaurant, a healthy relationship with your supplier and vendor is essential. You must have PartsFPS in your list as we can give backup in case some problem comes up with one of your commercial kitchen equipments. To get your unit back up and running, PartsFPS has the most in-stock parts from various manufacturer, so if your commercial kitchen equipment parts is being a “Scrooge”, call us. Safe and quick delivery at your door at a discounted price! Grab your desired kitchen equipment replacement parts. Here PartsFPS will share tips to will tell you in detail, how to start a restaurant business in 2019. Let’s start digging with us.
Restaurant Industries in USA
In 2015, in the United States Food and drinks sales of the restaurant industry reached 745.61 billion U.S. dollars. This figure was – a long way from the 42.8 billion seen in 1970. And forecasted is that to rise again in 2016 to more than 782 billion. By 2026 this number is expected to reach over 16 million, in 2015, there were approximately 14 million people working within the industry.
How To Start A Restaurant In USAYou must not waste any further time and dive, considering the massive opportunity that the USA F&B industry holds for both future & existing restaurant businesses, , rather quickly, into this lucrative domain. How to open a restaurant in USA? - Follow this step by step guide that will solve all your queries. So what are you waiting for?
Step By step Guidance:
- Decide the concept of your restaurant
- Fund your restaurant business
- Evaluate restaurant costs involved in Food Costs, Rent, Kitchen equipment parts etc.
- Decide the location of your restaurant
- Get all the licenses required to start the restaurant business
- Get the workforce for your restaurant business
- Design a stellar menu
- Arrange vendors and suppliers for your restaurant
- Install the right technology at your restaurant
Now, let’s dive deeper and know what exactly needs to be done, once you have garnered the knowledge about the steps that will help you to open a successful restaurant business, that are important for you to start a restaurant business in 2019:
Decide The Concept Of Your Restaurant
While starting a restaurant business, the first thing to consider is deciding the idea. The major one being the amount of capital you have for investment, you need to keep many things in mind before deciding on a concept. To get a fair idea about the average amount of money a customer would spend in your restaurant is the Average Price per Customer (APC). You must ponder into the theme and cuisine of your restaurant, once you have decided on the concept. With your restaurant theme, the interiors must be in sync. Following which you should prepare a business plan for your restaurant and you can present it to any potential investor, as it would help you in planning the future development of your restaurant business.
To Fund Your Restaurant Business Get Investment
The one of the most important things to consider when you think of opening a restaurant business is funding, as most aspiring restaurateurs’ dreams never see the light due to lack of funds. Firstly, to start a restaurant in 2019 you must finalize on how much capital is required, depending on the concept of your restaurant. You can go about with these three ways, when you have the numbers, and through which you can raise money for your dream restaurant:
Self-funding – If you have crossed the first hurdle of opening a restaurant, you have enough money in the bank, then congrats. As it reduces the risks of investment, it is also a good idea to open a restaurant in partnerships.
Loan- To fulfil your restaurant dream, you can take a loan. However, as they look for collateral or someone who can underwrite the loan, securing a loan from a bank may include hassles.
VC/Angel funding - Especially if yours is a first-time venture, getting investors on board can be difficult. Investors usually look for the scalability of your business model and your restaurant venture’s growth potential, and quality. Before one agrees to invest in your business, the performance of your first few outlets is taken into consideration.
Evaluate All Restaurant Costs Involved
Restaurant costs are needed to be evaluated and planned carefully as a significant part of running a restaurant. Below are the significant costs involved in starting a restaurant business:
- • Food Costs
- • Overhead Costs
- • Rent
- • Interiors
- • Kitchen equipment
- • License
- • POS
- • Marketing
- • Location For Your Restaurant
While discussing how to start a restaurant business, the location is an essential factor to consider, as it can determine the success of your restaurant. To identify your competitor in that area and gauge their progress, it is a good idea while choosing your restaurant’s location. The competition needs to be assessed in terms the type of dining experience they are offering to their customers – casual dining, fine dining, QSR, etc.
While deciding the location of the restaurant business, other factors to be considered are-
Visibility and accessibility- Choosing a place which is easily visible as well as accessible is the important move to ensure the maximum visit of the customers.
NOC- You would also need a No Objection Certificate (NOC), before you open your restaurant, from at least three of your neighbours.
To Start A Restaurant Business Get All Licenses Required
To run a restaurant business, you need to acquire licenses from the government. Depending on the size of your venture, the cost of obtaining these licenses varies. As they may take a lot of time to get approved, it is advisable to apply for the permits early.
Get Manpower For Your Restaurant Business
While running a restaurant business, the one of the biggest challenges is hiring the right talent and retaining them. There are three types of staff required in a restaurant:
- • Kitchen staff
- • Service staff
- • Management staff
As your food is what’s going to attract your customers, hiring the right chef is extremely important for your restaurant. To deliver stellar customer service, you must also remember to train your staff not only regarding their job but also on how they should serve their customers, before you start a restaurant business.
To start a restaurant, the next step is designing a menu. A smartly designed menu with the local or readily available ingredients can make a significant impact on your restaurant food costs. To reduce your overall food cost, it is advisable to serve dishes that use similar ingredients. Lure customers to spend more, so designs the menu in that way.
Arrange Suppliers & Vendors For Your Restaurant
The idea of owning a restaurant is excellent. However, starting a restaurant is a humongous task from scratch and running it successfully. With this article, PartsFPS hope that we were able to share some tips of how to start a restaurant business in 2019. Do let us know in the comments below, if you still have any doubts or questions regarding opening or managing your restaurant, and we promise we’ll help you out.
One of the most rewarding experiences of your life is - owning a restaurant business, despite of the substantial risks and tough hours. This article is just for you, if you are currently in the middle of setting up your first restaurant or you too have nurtured a lifelong ambition of starting up a restaurant., Do let us know in the comments below, if you still have any doubts or questions and we promise we’ll help you out in managing your restaurant equipment parts.