In these modern times where India has become a fast-developing nation, the government and private investors are encouraging individuals to work on any kind of idea they have of a business and try to make it successful. This will not only help the country by improving its income but also raise the standard of living of the individuals by providing job opportunities.
There are many ideas in the market currently; some might be new, some might be old And in today’s world a lot of food business ideas are taking up a place in the hearts of individuals.
Here we are going to talk about the idea of owning a restro. A lot of people have a dream of owning a restaurant, pub, bar, restro, etc but get easily discouraged due to having less knowledge about how to go on with the idea. Whenever something new needs to be started, every step of the process needs to be taken care of. And if every step is not properly considered it might cause the downfall of the business.
So to help you achieve your dream of opening up a restro, we are enlisting down below the complete process of how to open a restro.
Steps-
Decide on the restro-bar formats-
Before starting a business, one needs to decide which type of business one needs to invest in. Because without deciding this there are a lot of possibilities that the person might try different fields at the same time which might fail. Particularly in the food business, one needs to be sure of the format because different foods require different equipment to prepare them.
Deciding on the location of the restro-
After deciding the format, it’s quite important to decide the place where one would like to open their restro. The decision of the place can be impacted by a lot of factors like budget, accessibility of customers, type of restro, etc. An example that place can be an important factor can be when one opens up a snack shop near a school. So when school ends children will come to the shop to buy snacks, helping the business to prosper.
Obtaining licenses, registrations, certificates, and permits-
A restro requires more licenses than any other food business. To open a restro the business needs to get at least 9 types of licenses which are mentioned below.
- GST Registration
- Liquor License
- Police Eating House License
- Shop Establishment License
- FSSAI License
- Local Municipal Authority License
- Fire Safety License
- Music License
- Environmental Clearance Certificate
The total cost for obtaining these certificates might reach around 10 lakhs but it won’t be a big issue when the business starts to prosper seamlessly because of all the clarifications.
Other than this there might be other certificates required depending on the rules, regulations, demography, and other factors of that area.
Evaluating all costs and maintaining a record book-
It’s very important to evaluate the cost of opening a restaurant. By evaluating one can understand where extra expenses are being incurred so that costs can be reduced by either changing the delivery partner or any other possible manners.
Also keeping a record of all the expenses is important as an official might review the books and if any kind of issue is found the restro can get penalized for not taking care of it or purposely omitting any transaction.
Getting Investments-
There’s no point in dreaming of a business of any sort or trying to work for it if you don’t have enough investments. Also, one must consider that investments will be needed after the business has started to function properly. Maybe to increase the scale of the business or just to make minor improvements.
Arrangements of Manpower and Suppliers-
In a business, nothing gets done without a proper amount of manpower. One needs to know the exact amount of manpower required for the operations in the restaurant because extra manpower will be a cost to the owner and if less manpower will be present it will harm the restaurant’s work.
The owner needs to make sure that there are enough suppliers of a particular product so that times of shortcoming from one vendor doesn’t affect the restaurant badly.
Designing a menu-
The most important thing in a restro is the food and drinks they offer. If the menu doesn’t have any kind of appeal to the general public then there’s no point in owning a restro because the crowd will not be coming over there. This will result in losses. So the most important thing is to design a great menu for the probable customers.
Now that you know the important aspects which need to be taken into consideration before opening a restaurant. We hope that you will be able to find all the necessary solutions required and have a successful restro. We hope that your dream comes true.