What do i have to look out for?Not talking about the big picture stuff like what foods to put on the menu but rather some important details that are easily overlooked for people with little experience.Thanks in Advance anons!
restaurants are less of a food business and more of a recruiting business. you will only survive with low paid staff. so you hire people who will take very low pay. which means as soon as they get a better opportunity they are out. or an equal but easier opportunity they are out. restaurants have insanely high turnover you need to be an incredibly good recruiter and hiring manager. always finding your next 5 people and the next 5 because someone could quit anyone minute. or someone will call in sick and you need a backup.
>>32317270Thank you very much for your post!Im looking to do it with a self pickup type where i need just 1 guy at the register and 1 guy in the kitchen. Im also looking to make it a systemic kitchen where even an ape could operate it.I want to open it in a city with a big university so i hope maybe i can recruit a few students for part time, what do you think of that idea?Of course i would never ever hire an indian.
>>32317249The first thing they teach you in business school is never to open a restaurant.
>>32317249You WILL be dealing with the Mafia, either through suppliers or protection
>>32320270Really? How so?
>>32317903They do? Why do they teach that?
>>32320278Because restaurants, sports bars, pony farms, Etsy stores, are considered “fun”, and hence unprofitable business ideas.
>>32320278Depends on the country you do it.If it’s a 1st world country you spend huge bucks fitting out with brand new equipment and ambient design out front only to have it staffed by the dregs of society. Your suppliers will be cunts. Your landlord will be an even bigger cunt. Your staff will rob you. Customers give you bad reviews because they had a bad day rather than a bad meal.And lastly it’s not really scalable as a business, because it’s a debt trap from day one.Restaurants and hotels are shit business models and usually are used to launder money.They are also dying businesses because like nightclubs zoomers don’t really go out like older generations did.If you must do a restaurant ignore the food component, it’s genuinely the least important thing you’ll sell and focus on creating some narcissistic instagram whore magnet ‘experience’ that’s unique enough to attract that crowd like flies to fresh hot dog shit - then sell it in the first year.Good luck
as someone who recently had to close a restaurant I'd say you have to study the market first of allwe had everything, good food, nice promotions, a cozy place and good reviewsbut the pricing was too out there compared to what the average people spends here.so few people came to the point it was unsustainableI'm pretty sure there were other factors, and also there is a huge recession in my country, but yeah, pricing, market, interests of peopleyou can have the best food but if people are not into that food or willing to pay that price nothing will help you, not even stellar reviewsman I'm still sadI was part of the team tho, I couldn't convice the other partners the pricing was the main problem until it was too late.
>>3232027830% close within the first year. 50% within two years. 60% withinin three years. They are also saddled with debt.
>>32320485>huge recession in my country,Where are you from, pal?
>>32320485>was part of the team tho, I couldn't convice the other partners the pricing was the main problem until it was too late.I heard that pricing is less of an issue when people pick out the ingredients themselves, because they blame themselves for being too greedy rather than the restaurant for bein expensive, idk if thats true.My concept is a chinese style restaurant that only sells hotpot streetfood style.I.e. you go up to the freezer, get a bowl and put in what you want. Bring it to the register and pay per pound. Then its cooked in a hotpot and you get notified when your bowl is ready.Its in a university town in europe so there are alot of chinks around and on top next to the planned location a big factory/business building slightly off the center is going to be built.
Bump
honestly after reading your questions on here you sound like a fucking moron who’s probably 19 years old with zero life experience. you are an idiot asking basic fucking questions a google search could answer. you’re a waste of oxygen and your parents resources. go get a fucking job at a restaurant you dumb piece of shit and get off my fucking advice board
>>32321969at least he bumped the thread
>>32321969Huh?Literally what the fuck are you going on about?
>>32321986He did, kekNut he seriously needs to de-worm
>>32320278Statistically, restaurants have a very high failure rate. When I was a kid, I heard 30%. Banks are very reluctant to give loans to people starting a restaurant for this very reason.
>>32317249First step is to have enough capital. If you don't have $1M+ to dedicate to this project, you don't have the starting capital necessary and will fail. You will equally need social capital. Why will people want to come to your restaurant other than food? The food needs to be good and on point or you'll fail within weeks, but they need a compelling reason to choose you over everyone else first. There are just too many choices. So you're going to have to figure out some social capital.
I dont have any experience with it but i think that if the restaurant business was as doomed as anons make it out to be noone would ever open a restaurant, and yet theres tons.Could it be that these figures of 70% or so being broke so quickly could stem from it being a very low hanging fruit in terms of ideas and it having a low barrier of entry (like no required qualifications, even g00ks who dont speak english can just open a noodle shop)Just a thought, tho
>>32323932They think it's doomed because MUH KITCHEN NIGHTMARES.
>>32323989Lmao that makes sense, so wouldnt that show prove that even a retard can run a succsesful restaurant with just a lil guidance by chef ramsey
>>32327432Alright.I have something kinda like a restaurant. It sucks if you are married because it is a gamble with money and figuring things out. You want a years worth of average salary in the bank, just sitting there for unforeseen crap.
>>32321370look at what the usual student spends and what the factory worker spendsmy place was a nice place to take your asian cuisine obsessed gf on dates, we had many couples constantly coming (including lesbian couples), and many many tourists, as I said our reviews always helped us in that regard>>32321344Bolivia, smack dab in the middle of south america.
