Skip to main content

How To Find A Location For Your New Restaurant Opening

If you have made up your mind to start a restaurant, you might be pondering about a location to start your place, among other factors like funding. I had talked about the concerns people have while starting a new restaurant and provided a brief guideline to the same in a previous article. This article shall elaborate on one of those aspects — how to determine an ideal location to start your new restaurant, or a location to expand your existing brand.














Step 1: Figure it out

Before actually starting to find a location, figure out if you want to go through the process yourself or hire someone to do it. Companies like SelectDine have a location customization team who will find a location for you that will work for you. They compile a list of best locations in town and get back to you so that you have a plethora of options to choose from. Another potential option is to do the work yourself, which is totally fine; if you feel that you do not have the time to do the work, then you should look for consultants like SelectDine.

Step 2: Make a list of requirements

Whether you are hiring a consultant or doing it yourself, you should have a requirement list. You should have a target audience, and review restaurants in nearby locations. For example, if you are looking to start a fine dining restaurant and all restaurants in Area X are of the same type, it is probably not a great idea to open another fine dining restaurant in a fine dining restaurant. That is what meant by reviewing restaurants in nearby locations.

Step 3: Tap your network or find a broker

The ideal way to find a location at the most reasonable price would be to look into your personal network and see if anyone can do something for you. This way you can avoid brokerage costs. If not, you can find brokers online to find a location for you. Else, you can just visit online websites, and find people advertising commercial spaces.

Step 4: Finalize

Your consultant will ideally give you a list of locations to choose from, or should have a list by yourself. Finalize your location and you should be good to start!

Comments

Popular posts from this blog

Own Chai Sutta Bar in 15 lakhs

Chai Sutta Bar is a premium brand which is currently franchising in India. Chai Sutta Bar headquartered in Indore was established in 2016 and since then operates twenty-six outlets across India.Chai Sutta Bar has various types of outlets that you can open if you choose to invest, which includes both sit-down and quick service models. The brand additionally offers operating manuals, expert guidance from head office, billing systems, and on-field assistance for the franchisee. Offering a high profit margin at a low investment cost along with excellent support, you can own a Chai Sutta Bar in 15 lakhs, should you choose to invest. To know more about this brand’s investment details, visit our website to know more .

Restaurant Management Software For Your Business

Restaurant owners most of the time, have to contend with the daily grinds of running their businesses. Managing a restaurant is undoubtedly one of the most daunting tasks that an entrepreneur can undertake. Restaurant management involves lot processes that if done right, would ensure the smooth flow of the enterprise and even increased profits. However, doing all the hard work does not cut it when it comes to restaurant management. Many restaurants end up earning pretty much the same despite best efforts on the part of restaurateurs and managers. This is especially true for small restaurants. Many mom-and-pop operations still contend with the hassles of keeping up with the daily requirements of food service such as menu planning, order taking and inventory update. Fortunately, many technologies are being developed to aid restaurant owners in their everyday undertakings. These technologies take the form of devices and solutions designed to make restaurant owners’ lives a li

10 Fun Facts About Cleaning Franchises

Cleaning services are a dynamic, in-demand service that has grown consistently in the US. It includes commercial and residential cleaning along with specialty services like bio-hazardous materials removal, mobile car detailers, and dry cleaners. Be ready to sell. While many people use cleaning services, client turnover can be high (as high as 55% each year). Since a well-done job gets few kudos, a company is only as good as its last job. Which means the sales job never ends, and good quality counts. Consistently good service combined with diligent sales will contribute to revenue growth. Commercial office cleaning is the largest segment of the cleaning industry, employing 40% of all janitors and cleaners. And because residential cleaning services are more negatively impacted by an economic downturn, the jobs and companies that are focused on commercial work are more stable. People may choose to clean their own homes in tough financial times, but commercial spaces will nearly a