This is one of the ever-green businesses in India. However, starting a fast food business is not that easy.
Restaurant Industry in India Indian Restaurant Market is one of the fastest growing in the world, and the foodservice industry is expected to reach INR crores in Thanks to the rising incomes, rapid urbanization, increasing working population and technological advancements, more Indians are eating out in restaurants.
So what are you waiting for? Follow this step by step guide that will solve all your queries on how to open a restaurant in India: Decide The Concept Of Your Restaurant The first thing to consider while starting a restaurant business is deciding the idea.
You need to keep many things in mind before deciding on a conceptthe major one being the amount of capital you have for investment. Once you have decided on the concept, you must ponder into the theme and cuisine of your restaurant. The interiors must be in sync with your restaurant theme.
Following which you should prepare a business plan for your restaurant as it would help you in planning the future development of your restaurant business and you can present it to any potential investor.
Learn how you can write a winning restaurant business plan here. Firstly, depending on the concept of your restaurant you must finalize on how much capital is required to start a restaurant in India when you have the fast food restaurant business plan in india, then you can go about with these three ways through which you can raise money for your dream restaurant: Self-funding — If you have enough money in the bank, then congrats, you have crossed the first hurdle of opening a restaurant.
It is also a good idea to open a restaurant in partnerships, as it reduces the risks of investment. Loan- You can take a loan to fulfill your restaurant dream. However, securing a loan from a bank may include hassles as they look for collateral or someone who can underwrite the loan.
The performance of your first few outlets is taken into consideration before one agrees to invest in your business.
Evaluate All Restaurant Costs Involved Restaurant costs are a significant part of running a restaurant and need to be evaluated and planned carefully. Below are the significant costs involved in starting a restaurant business: Read how to control your restaurant food costs here.
Rent- The rent covers a significant part of your restaurant costs, and is profoundly affected by the location of the restaurant. Interiors— You can decide on the interiors based on your restaurant concept and theme, and your budget.
Kitchen equipment- Purchasing right quality equipment may seem like heavy on the pockets, but they always recover their costs in the long run.
Know about the various types of essential equipment without which you cannot run a successful restaurant, here. License- Restaurant licenses are an essential expense of your restaurant, and cannot be ignored. Based on your establishment type, the license fee varies.
We have covered the topic of restaurant license in detail below. The price of POS depends on its features and functionalities, that should be chosen considering your restaurant needs.
We have covered the topic of POS below in detail. There should be a perfect balance between offline and online marketing. Word of mouth marketing, along with digital marketing can do wonders for your restaurant. Decide The Location For Your Restaurant The location is an essential factor to consider while discussing how to start a restaurant business, as it can determine the success of your restaurant.
The competition needs to be assessed not just in terms of cuisine, but also the type of dining experience they are offering to their customers — casual dining, fine dining, QSR, etc.
Other factors to be considered while deciding the location of the restaurant business in India, are- Visibility and accessibility- The restaurant should be located in a place which is easily visible as well as accessible. Upper floor locations are generally not considered suitable as their visibility is low, and customers also find them difficult to locate.
A restaurant right in front of the road and on the ground floor has higher footfalls. Find out how to choose the perfect location for your restaurant here. The cost of obtaining these licenses varies, depending on the size of your venture. It is advisable to apply for the permits early, as they may take a lot of time to get approved.
Here is the list of significant licenses required to open a restaurant business in India:Creating the best restaurant business plan plans temp allanrich in india picture.
Starting a nursing home business plan luxury best in india picture. Business template best plan in india . Fast Food Restaurant Business Plan Pdf In India Sample Top Simple For By Cynthia A. Martin on July 11 Having an understanding with third parties when distributing a plan could be enough protection for some businesses, however others who have innovative business practices or products or services may wish to go further and sign a confidentiality agreement with each person to protect their .
Fast Food Restaurant Business Plan Pdf In India. By Kimberly P. Albright on June 07 A business plan is a blueprint for how your business will run and reveals what future direction your business will take. Understandably you will want to be careful who you show your plan to and avoid your competition seeing it.
But if you are looking up for something big that would incorporate a huge business plan, you are required to get it registered with the Food Operator License that works under the Food Safety and Standards Authority of India.
The fast food market in India is expected to be worth US$ billion by and about 10 percent of the fast food market in India is organized. NOVONOUS estimates that the organized fast food market in India is expected to grow at a CAGR of 27 percent by If it is a small road side venture, there is no requirement for registering your fast food company.
But, if you are planning to take up a large business plan, you need to register with the Food Operator License from Food Safety and Standards Authority of India.