Gourmet restaurants and fine dining establishments are available all over the world, but they can be pricey. This is why there’s such a big demand for “cheap eats” – the kind of street food that takes little more than some skewers on a brazier and little chopping. Budget Dining readers often ask how they can go about opening up their own delicious cheap eats restaurant, so we’ve put together this quick guide to help you on your way:
1) Business Plan to open dine out restaurants
The first step in opening any business is creating a solid business plan. Carefully consider what makes your restaurant unique – the type of food you will serve, who your competitors are, how much money it will cost to start up your business.
2) Location for your dine out restaurants
Choose a location for your cheap eats restaurant. It should be accessible and visible to the public, while also being affordable so you can maximize profits. Look around and think about your target customer – where would they go?
3) Money to open your dine out restaurants
How much will it cost to open up your business? This depends on how much money you have already, but if all else fails there are government loans available for small businesses that may help get you started. If not, look into other funding options such as crowdfunding or microloans. You might also consider asking friends or family for money (but try to avoid this option if possible!).
4) Menu at your dine out restaurants
What food items will you serve at your cheap eats restaurant? Will you cook Chinese, Mexican, Italian or some other type of food? Also, consider what your customers want. What are they looking for when they go out to eat?
If no one knows about your cheap eats restaurant, then it’s unlikely that anyone will come in and buy something. Spend time promoting yourself on social media (a Facebook page is a must!), through posters and flyers at local stores, or by setting up an advert on the bulletin board at work.
6) Opening day
This is it! You’ve put months of hard work into getting this business off the ground. Make sure you’re prepared for opening day by getting everything together in advance – doorknobs, menus, etc. It’s also wise to work out how you’re going to staff your restaurant. If you do not have enough people (you can always ask around for volunteers) then look into hiring some part-time workers until the business takes off.
Don’t forget that running a successful cheap eats restaurant is all about keeping up with maintenance! Make sure everything inside and outside of your establishment looks good, otherwise customers will be turned off straight away. It’s also important to keep on top of any problems, such as broken tiles or rusty cutlery, etc., so they don’t escalate into something worse.
8) Stay open
Now that you’ve opened, it’s vital that you must stay open. Keep working hard and keep striving for success. One day your cheap eats restaurant could turn into the next big thing!