If you’ve got dreams of designing exquisite menus, opening a space with inviting décor, and providing individuals with many great memories for years to come, why not make it a reality and open your own restaurant?
While there are many things to look forward to when it comes to starting up a business, there is also a lot of hard work that goes into it too.
According to the Office for National Statistics, less than half of UK business that were started up in 2011 were still going five years later.
So, what can you do to ensure that your new venture thrives? Here’s a guide to opening up your own restaurant.
Invest in the right equipment
Welcoming in customers to a new restaurant requires lots of gear. Essentials include
refrigerators and freezers to store the ingredients, large work surfaces to prepare the dishes and efficient cookers and hobs, to name just a few.
It’s vital that you have the right equipment on hand but be careful not to overspend on it.
Consider second-hand options, browse for the best prices online and only buy what you need to begin with.
Get the marketing right
In the beginning, try not to rush out and hire expensive agencies to do all your marketing for you. These days, there are plenty of ways that you can cut costs on spreading the word about your new restaurant.
Utilise free social media platforms such as Facebook and Instagram to share images of new menu items and ask for customers to share their reviews on TripAdvisor as soon as they have visited.
Ask your friends and family to tell as many people as they can about the new eatery and print out some flyers so that they can share them far and wide.
Carefully consider the start-up costs
With all the above in mind, it’s essential that you take into consideration all the start-up costs.
Unless you have a huge pot of savings, you’re more than likely going to need access to some cash, whether that’s a grant, a loan from friends or family, through crowdfunding, an investor or a loan.
Funding is an essential part of any business, as without the money, you’ll be unable
to get going with anything. Luckily, companies such as Nucleus are on hand to help you find a financial solution to suit the needs of your business.