Restaurant Startup & Growth
There no denying it, opening a new restaurant whether it’s your first or fortieth entails risk, usually lots of it. It’s estimated that of the half million or so restaurants in the U.S. around 10 to 15 percent are forced to close each year. Most of these failures are restaurants that have been open fewer than 3 years.
It takes lots of planning, capital, hard work, perseverance, and a little luck doesn’t hurt either, to launch a new restaurant that hits the mark and becomes a financial success.
There are many factors that can increase a new restaurant’s chances for success in the areas of planning, location, market analysis, concept, menu, financial feasibility, staffing, operating systems and more. We are focused on bring content in a variety of formats to these areas with the objective of providing you with resources that will enhance your ability to better plan the opening process, evaluate the financial feasibility, make more informed decisions and go into the development process with tools to stay organized and on track with your plan.
The Startup & Growth section is our newest addition to the Toolkit. Please give us your thoughts and ideas of what other materials would be useful in this area and how we can make it better.
How to Avoid 10 Common Restaurant Architectural Mistakes
Here are the 10 most common architectural design mistakes the author sees in new restaurants. Each of these problems can be prevented if your architect has a good understanding of what you need the restaurant to be able to do and if you have selected the right space to lease to begin with.
What to Consider BEFORE Going From One to Two Restaurants
Now that you have one successful restaurant you may be contemplating #2. Before you jump in with both feet, there are several key principals required for successful growth. Learn what you need to consider, how to be sure you're ready, and who can help you
DOWNLOAD: Restaurant Mission Statement Worksheet
The right mission statement, properly used, can be one of the most powerful ingredients in creating and sustaining success. For many companies it's an invaluable tool in providing direction, focus and consistency throughout their organization. Use this worksheet for crafting or improving your mission.
DOWNLOAD: Restaurant Startup Checklist
Opening a restaurant means dealing with a myriad of details and activities. Missing a critical step or activity can mean delays, cost overruns or worse. Use this 300+ point checklist from 12 months out to opening day to better plan and manage the process.
DOWNLOAD: Restaurant Business Plan Template
Includes Industry Analysis A professional, well-conceived restaurant business plan is absolutely essential for an independent restaurant venture to obtain funding and have any real chance for success. Our business plan templates will provide you with the tools to develop & communicate your plan in a professional, compelling format that will enhance your chances of securing capital and making your plan a reality.
How to Create a Winning Restaurant Business Plan
Many RO.com members cite that having a sound business plan was the single most important ingredient in making their new business a reality. During the startup phase, your business plan will have a direct bearing on your ability to get a loan, obtain investors and even secure a lease. Learn how to prepare an impactful restaurant business plan.