Should You Open A Restaurant? The Answer Is ‘Yes’
With your love of food and eye for business, you’ve often wondered about starting a restaurant. Even though you don’t have any restaurant equipment and haven’t worked on hiring an experienced team, you think it could work out. The good news? It absolutely can.
From picking out a restaurant supply store to vetting a knowledgeable staff, if you’re ready to bring your innovative spirit to the restaurant industry, there are a few things you should know before you get started.
Your Equipment Is Critical.
Finding the best products for a commercial kitchen can add up to several trips to your nearest wholesale restaurant supply business. The restaurant supply industry, after all, caters to one of the largest markets on the planet. This means that it won’t always be an easy selection process when you’re setting up an order of restaurant kitchen equipment. To streamline things a bit, start by narrowing things down to fit your niche. Whether you need essential pizza equipment or a commercial rice cooker that can handle a lot of rice, you need to make a list of must-haves.
You can also look for a simple equipment solution that creates a better shopping experience. In the hospitality industry, if you need an assortment of restaurant supplies, don’t settle for second best. Instead, choose brands like GoFoodservice to make sure you’re not compromising on quality.
GoFoodservice is a modern commercial restaurant supply team that offers great prices, the highest quality equipment, and superb customer support. In the commercial kitchen industry, your success hinges on adaptable solutions. GoFoodservice offers a vast selection of items and equipment and their passionate staff is ready to help you pick the right product line to help you succeed every step of the way.
Have A Robust Business Plan.
While restaurants place food at the heart of their operations you also need to know that, as the restaurant industry changes, your business plan needs to be strong enough to adapt. If you’re one of many local stores, are you going to prioritize fast delivery or in-house service? Do you account for the environmental health of your business? Where’s your primary source of revenue? Your business plan should showcase answers to all of these questions and more.
Your business plan should also detail your expenses and how these will impact your overhead and profit margins. This often means weighing value against effectiveness. There’s a major difference between an affordable prices and cheap, especially when it comes to wholesale restaurant supply.
While this applies to a wide range of industries, kitchen equipment is particularly expensive and yours will be getting a lot of wear in a fast-paced restaurant kitchen. If you’re constantly replacing broken equipment or calling in repairs, this will impact your bottom line. Factor all of this into your business plan if you want to succeed.
Build Your Customer Base.
It doesn’t matter if you’re opening a pizzeria or a fine dining establishment. You can’t assume that just because you have a good concept and offer a high level of customer care customers are going to flock to your business the moment it opens. Sometimes, this means offering special discounts for first-time diners. Other times, it means getting custom quotes on a marketing campaign to help spread brand awareness. Keep in mind that these are large jobs that each require an added level of attention.
You need to have a specific target audience in mind and use that concept to craft a way to attract potential customers. You also need to know how to retain customers once they’ve dined with you for the first time.
While you may still have questions about whether or not you should open a restaurant, know that it can be done. Whether you’re looking through a catalogue of industry equipment or you’re reaching out to a brand like GoFoodservice for assistance, it’s important to align your concepts, finances, and equipment.