Localfund.com - All about Fund and Investment
*Home>>>Raise Capital

I am Wanting to Start a Restaurant. Any Advice?


My Filipina mother is a fantastic cook! She is always receiving accolades of how tasty her dishes are. I have eaten her food for all of my 37 years of life, and have never tired, nor will ever tire of her cooking.

I would like to start a restaurant (a small and modest one) that features her cooking. She still needs some coaxing to warm up to the idea.

Anyways. Anyone have any advice on how to start one?

Things like:

~ How do we trial run the concept? Seeing if people in our area would be interested in a particular ethnic food.

~ What are the general start-up costs involved in opening a small restaurant? And, if that amount of capital is not readily available, how to go about raising it?

~ What are basic principles in ensuring a restaurant does not fail? What are guidelines or the "Dos and Dont's" generally applied?

~ Are there differences of menued and buffet restaurants? In terms of operating costs and codes?

~ What kinds of licenses and certifications are involved?

And, are the licenses/certificates different with menued and buffet styled restaurants.

~ What is all involved in obtaining a liquor license?

~ Is it common for a small business start-up to court investors for the initial costs?

Thanks in advance for any info.

Some states have a Business Start-Up Kit from their Department of Commerce. Just tell them what type of business you'd like to start and they send you a packet of start-up information...taxes, licensing, sample business plan etc. You still have to put in alot of work but it's a great start.

I started that way in Ohio. A few years ago, I opened a Blues bar/restaurant with my Mom so she could bless everyone with the world's best Gumbo. The business failed because I just didn't have enough money to ride out the lean times. I just got out of debt but I don't regret the experience. Nothing beats a failure but a try. Just learn all that you can and take a business start-up course from your local SBA office or community college. And set aside money for a good accountant and never dip into that fund.

you best bet is to first meet with the HEALTH department of your state

If you find the answers to your questions easily, (try the website for the small business bureau) then give me a call! I need a job and I would LOVE to be a bartender!

all mothers are good cooks, but that does not qualify you or her to operate a restaurant, sorry, good luck

I can't answer most of that but I can tell you that a restraunt is one of the riskiest things you can invest your money in. Pricing is crucial, I could never get that right. I'd say you're looking at a min of 10000 in startup cost plus the place where you are going to put the restraunt, you will most certainly need a loan, and if you don't have anything to secure it with you're in trouble. For the place you will have to sign a long term lease, and then if your business fails you'll still be paying for the place. I would deffinately recommend a menu restraunt for your type of food, and typically more out there food struggles more than traditional restraunts, it depends on your area. You would want to look back and see if anyone attempted to open any sort of ethnic restraunt within the last decade within your county or even state. The venue and type of restraunt all depend on your area, generally if you are opening something exotic you will want it to be very fancy and higher class, which incorporates even more financial risk.

Be very careful. Most restaurants fail within the first six months due to trying to introduce a different cuisine to an area that may not like it.
Check with County Clerk to see what permits are required in your state. Check with your Stae Alcoholic Beverage Commission,and State Attorney General for application for Certificate of Occupancy.
Check with Small Business Bureau

Hi,
Thats really a good idea to start a restaurant. Hope you might have come accross, please go thru the below link which tells you about the necessary steps you need to take to start a restaurant,

http://rgfindia.com/rgf2/text/med06.htm

and also plz let me know your initial findings you have done to start.

Tags
  Seed Capital   Return Investment   Real Money   Real Estate Investment   Raise Capital   Property Investment   Profitable Investments   Private Investment
Related information
  • Has anyone ever sold real estate in another country(more specifically Ireland) while living here in the U.S.?

    Try this website www.imagehomes.co.uk. They are free and a great way to begin with before you engage any estate agents.

    ...
  • Give your opinion on the fair tax, if you have not read it do not respond!?

    I've read it. It's only slightly less confusing that Title 26 currently is. And there's just as much room for fraud and tax evasion with it as there is with the current system -- m...

  • Credit help!?

    Yes. You should have no problem getting another credit card, try Capital One, H.S.B.C., Washington Mutual and First Premier. Use it and your other card for everyday things, never exceed 30% o...

  • Any good credit cards... and girlfriend with NC... please read!!!!!!?

    My friend works for American Express and she said canceling accounts does lower your score. But if you are not using them I wouldn't want to pay the fees so thats up to you. They also just bou...

  • Does anyone know of any business plan contests similiar to the The Biz Leader at www.thebizleader.com?

    No. it isnt... Go to your state's Dept of Commerce or local community college. Look for their SBDC ( small business development center). THAT is where you want to go to get the scoop on gra...

  • Credit ratings how fast?

    i deal with credit everyday. your score will rise prctaically overnight if you pay all your cards off. if you paid them off today within 45 days your score will jump as much as 100 points. just kee...

  • Tips on building good credit?

    You are on the right track. Keep using your cards occasionally to keep your credit usage active and never be over thirty days late. Monitor your credit reports often so that you can fix any i...

  • Are borrowers still making their mortgage payments?

    It is being caused by variable interest rates going up to the point where people who were barely able to afford the house they bought can no longer afford to make their payments. Their houses are ...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster