Now, let’s get down to the business of the day – One business that strikes my attention really good today is Small scale Restaurant Business. I find so much interest in the restaurant business because it’s a sure money maker, anyone who wants to make quick money shouldn’t look elsewhere. The sky is your limit in this business provided you take your restaurant business serious and treat your customers well with good food.
Small Scale Restaurant is very easy to start and low capital intensive. It can even go together with Beer Parlour business but I prefer it as a stand-alone business because, not everyone is comfortable eating in a beer parlour. Being one of the few businesses that is not affected by any economic meltdown – People must eat no matter how poor they are, no matter the situation they are, even if unemployed. Anyone can eat even if it is with the last penny he or she can afford, that’s what make restaurant business very lucrative. I think serious investors should give it a serious look.
With less than N300,000 you can start a nice local restaurant and with good food, good business practice, and proper customer care – you will be making above N120,000 monthly! So, what are you waiting for?
To start your own restaurant business, there are certain things you need to consider and put in place. To ensure you are on the right track, and as a lover of good restaurant myself, I will be explaining some of the things you need to put in place to get you started smooth and easily.
1. Good Space For Your Restaurant
Everyone likes to enjoy his food in a spacious laid back environment. Make sure you get a place as nice as possible you can afford – In fact, your major investment should go into this. If it’s going be a shop, let it be the one with extended frontage so that you can build canopy to afford your customers more seating space.
The cost of rent depends on the environment but I think you can get a nice place with N100,000. Go for the best you can afford any area where there is enough movement of people.
2. Furnish Your Restaurant
When it comes to restaurant, look is everything to me and I think it apply to most people out there too. I can hardly eat in a place that doesn’t look nice and so do many; make sure your restaurant is well furnished to taste. The quality of your food and the type of cook you are can be perceive through your restaurant furniture
The furniture may take about N150,000 depending on what you go for and your bargaining power. You can get a local carpenter who (with proper supervision) will do very good furniture at lower cost for you. I wouldn’t recommend plastic chairs and tables, it makes your restaurant look unorganized, cheap, and untidy. But if that’s what you can afford, then you go for it.
3. Restaurant Utensils and Accessories
N50,000 will be able to take care of these, don’t buy something childish like plastic plates. Many people (including me) will reject the food no matter how good it looks if you serve it in plastic plates and spoon. Apart from the fact that they look cheap and childish, the tendency of dirt hiding somewhere and the plate being discolored is high.
Ceramic and Breakables are the preferred type you should go for and they are not very expensive. Feeding is a very sensitive thing and a lot of people don’t take what goes into their stomach lightly, it’s not just about filling the stomach, it’s about satisfaction, health, and enjoyment. While you make effort to prepare good foods for your customers, make sure you don’t ridicule your effort with cheap plates because, food look and taste better when served in a better plate.
4. Employ Good Cook
People will fall in love with your food if they are well cooked and taste great, make sure the Cook you intend to employ knows how to cook different types of meal very well. If you wants to do the cooking yourself, don’t just do it because you want to work hard and minimize expenses, do it because you can cook very well. I wouldn’t waste my money twice in a bad restaurant!
Once you have these things I’ve mentioned in place, you’re good to go with your business and start making money like never before. Good luck as you make effort to start your dream business this year.
Thank you so much..coming across your page has infused me with a new passion for life!
ReplyDeleteRead this recently: ‘As for the journey of life; at some point, you will realize that you are the driver and you will drive!’
You are welcome! Hope life will keep bringing good things henceforth
DeleteStarting with the new restaurant business furnishings must be taken consideration seriously and I agree with the fact that plastic chairs and tables and unhealthy furniture makes your restaurant look unorganized, cheap, and untidy. People like to sit on the furniture and adore them if they look nice. I would prefer looking at furniture made from recycled wood and the flooring of Marri wood looks perfect in restaurant. Nice post indeed.
ReplyDeleteAppreciate this bro!
ReplyDeleteI just stumbled on this I open mine @ end of dis month thanks so much
ReplyDeleteU just generally broke it down for me so am just going to re-arrange my budget to ur format
Thank u so much will keep u updated
Nice and encouraging write up.Getting the right cook(s) can be pretty difficult but its worth a try..thinking about other operating costs like power, water.. In Nigeria these 2 are important factors..
ReplyDeleteThanks for this bro.its an open minded idea.
ReplyDeleteThanks a lot for mentioning the plastic angle, I was about to get those colourful plastic chairs but actually prefer wooden furniture so your post came in handy. Thanks.
ReplyDeleteYou are welcome Vivien. Thank God you are here on time
Deletethanks so much for your post.... but can you give us an article of a business one can start with 200k?
ReplyDeleteHi, you are quiet right! The food the restaurant biz is a very profitable venture, .... only if it is done right. Alot of the ideas you have proffered are helpful but also contradictory. I consider them insightful but also misleading. Anyone who reads your article might be inspired but if they ventured based on most of the assumptions you have made, they would realise that you are not the angel they thought you were. These ideas are luxurious and I dont see how one can start a restaurant with N300k (esp with the budget you have listed above) and still make N120k at the end of the month.food, labour cost etc for a start up restaurant is about % 68 maybe mofe sef. It a far more daunting enterprise and even though the notion behind this article is commendable. Kudos n honor must be given to those bukas, food trucks, etc im sorry if I sound insensitive or brash.... many thanks for the opportunity 'Joe Adonis
ReplyDeleteIt's great I come across this at this point but 300k isn't feasible if we are to go by your advice and plan. What you listed there will cost nothing less than 600k including power and cost of Labour.
ReplyDeleteYour article is a good eye opener anyway and I must say "well done". Emmanuel Obende
Thanks a lot,this idea is more of what customers look out for... it was helpful.
ReplyDelete