Even though it is one of the toughest professions to exceed in, it is still one of the most rewarding. As long as you know where to begin and know things to avoid (like having champagne taste on a beer budget) then opening your restaurant could be as easy as opening a can of soup (okay, maybe not that easy).
Location, location, location
Obviously you want to have your new restaurant in a prime spot, maybe on a busy street in a popular city or town. The problem with this is that the more “idea” the location is, the more likely the higher the rent. I’m not saying you need to start a business in the middle of nowhere to save a few pennies, but just be smart. For example, pick a location that was previously a restaurant. This way, a lot of the things you need – stove, dishwasher, bar – is already in place. This will save a ton of money on having to put these items in. Also, maybe look for a neighborhood that is up and coming, this way your rent will stay cheap while the area grows in value.
Once you have to start stocking your restaurant with all things needed, you will be overstimulated by how many options are out there. The best way to make sure you have everything you need – from menus to paper towel rolls – is to find a trusted partner. Restaurant Discount Warehouse is one of these vendors who can stay with you through the lifecycle of your restaurant. You will save money on things like menu covers, so you can spend more on upgrading your bar or oven.
As long as you remain smart about the decisions you make regarding opening your restaurant, you can be a successful entrepreneur. You just have to take the first step!