Starting a New Restaurant

Why Your Restaurant Should Start Catering – And 4 Simple Steps to Start

In a recent study by Technomic, 36% of consumers said they are doing their socializing at home more often than a year ago. In addition, 40% said they’d like to entertain at home more often in the next year.

For a restaurant owner, those are some sobering numbers. The corresponding 4% decline in restaurants nationwide over the last year tells you just how serious the situation is. If your restaurant has made it this far, then hopefully the worst of it is behind you. And now might be the perfect time to turn the crisis into an opportunity.

That’s because although consumers are staying home, they’re not necessarily wanting to cook at home. That means you can find willing customers if you’re willing to venture out from the restaurant. In fact, 53% of consumers said they bought prepared foods for the 4th of July 2009. That reveals a market that’s available for what you do best: prepare great food.

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Catering for small and mid-sized parties (10 – 100 people) is on a steep rise, and some restaurants have already started offering their services as a way to drum up business, even if those customers aren’t seated in the dining area. So how can your restaurant get in the game? Some ideas: › Continue reading

Friday, September 11th, 2009 Starting a New Restaurant No Comments

Writing A Restaurant Business Plan Sample

The first step in opening a successful restaurant business is writing a comprehensive restaurant business plan. Almost everybody has a rough idea of what basically constitutes a restaurant business plan sample. But there are many things which you need to pay attention to, as most people often miss to include them.

So here’s a head start on crafting your restaurant business sample-

In general there are five things that all restaurant business plans should have. They are Executive Summary, Market Research, History and Position to Date, Operations and Business Strategy.

Speaking about executive summary it should address some vital issues like mission and objective of the company, description of the company, products and services offered, finance requirements as well as financial forecasts. An executive summary is often regarded as the foundation of any business. All the information that you will provide in the plan will be like a guiding path as to what your restaurant will do and how they will do it.

History and position to date is the second vital thing in a business plan sample. This part of the business plan will take you a step further in running your restaurant business. Here you require to include some vital things- such as, the key personnel and the management team of your business, history of your restaurant and also the structure of your restaurant business. › Continue reading

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Trying Out The New Restaurant In Town

When a new restaurant opens up, you can be sure they have put a great deal of time and effort into the establishment. It is their dream to have something remarkable that customers will be happy with. It can be difficult to get new people in the door though initially. As a consumer you should give the new restaurants in town a chance. They may offer everything you have been looking for and more.

I have to admit that I tend to frequent many of the same restaurants over and over again with my friends. We get together once a week to enjoy a lunch so we can stay in touch. Our lives are too busy otherwise and it works well for us. Since we know we do frequent many of the same places, we make it is a practice to definitely try out every new place that opens up here.

The reason so many of us do go to the same restaurant again and again though has to do with the fact that we are comfortable there. We may be craving a particular type of food and we know just where to get the very best. We aren’t sure what we will get if we try a new restaurant. It is often easier to go with what is familiar, but why not take the risk and enjoy something new?

Many customers also struggle with the concept of loyalty. They feel bad if they don’t spend their money at the restaurant that has treated them so well. Yet as a customer you have the right to enjoy new experiences. This will also give you some real basis to compare your favorite places to.

If you are lucky enough to live in a town where there are plenty of restaurants, start having fun with trying new ones. They may have just opened or been in business for a very long time. If you live in a small town you won’t have as many to choose from but do what you can. › Continue reading

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