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Nairaland Forum / Nairaland / General / Business / How Much Does It Take To Start A Restaurant (36165 Views)
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Re: How Much Does It Take To Start A Restaurant by Nobody: 3:57pm On May 21, 2015 |
OP in addition to what i said earlier please try and a locate a good restaurant and do some kind of understudy there. You should get some good tips there. You will really find it helpful. A couple of weeks should do. |
Re: How Much Does It Take To Start A Restaurant by mashnino(m): 7:11pm On May 21, 2015 |
beylinko: My passion is very full. It is even pouring on the floor The zeal and determination is there... That's why i came to seek aadvice here Anf when u said a million naira business Do you mean u make upto a million naira a month or wah? And please when you have time.. Come and type everything i nid to know so dat i can add to my database... Thank you for dropping by |
Re: How Much Does It Take To Start A Restaurant by mashnino(m): 7:12pm On May 21, 2015 |
crowns2: Yes ma... Will start that on saturday.. Thank you for dropping by... Really appreciate |
Re: How Much Does It Take To Start A Restaurant by Nobody: 8:39pm On May 21, 2015 |
mashnino: ![]() |
Re: How Much Does It Take To Start A Restaurant by mashnino(m): 10:14pm On May 21, 2015 |
crowns2: ahn ahn...stop na.. Which one b goodluck again Abeg use another word apart from that word 3 Likes 1 Share |
Re: How Much Does It Take To Start A Restaurant by beylinko(m): 1:00am On May 22, 2015 |
mashnino:Yes! has someone said, starting small is very important. It gives you experience and stamina in running ur bizness. It is better to have stamina b4 u gain speed. You dont need all the equipment before u open shop. Keep your startup cost at minimal if not you will discover you have spent all your money and yet there are many more things to get. I started with 4 sets of beautiful dining chairs and tables and when I got them, I humorously said to myself that they wont be easy to sell or packup in case I want to run back to my state(The business is in the Northern part of the country). Get coolers to keep your food warm. I learnt this The hard way...microwave could come later. A small refrigerator is important too.it will keep you food from getting spoilt and your drinks would also get chilled. A television set is important. Even if its not flat screen, customers would appreciate not being bored while eating and again no one would remember if a great game was watched on a LCD or a tube. Mind you,i didn't get all these at once. I started with my chairs, borrowed my first sets of cooking pots, deep freezer and warmers. And did I mention it started at the NYSC camp? It was my little Beginning and training ground with so many competitors. About getting a location, these are important. You need divine direction. It is the most important thing and other things follows.. I chased after my location for almost a year but was not discouraged until I got it because I knew it was my place. The others are, parking space, a place close to ur target customers and let the location(shop) be spacious for people to move freely. You customers needs space. What type of service do you intend to offer? Be Unique. Dont be jack of all trade and master of Non. What specific menu do you want to offer. Dis all I can type for now. I will drop by later. I started with abt 200 thousand and it all went to capital equipment.. 4 Likes |
Re: How Much Does It Take To Start A Restaurant by Nobody: 6:20am On May 22, 2015 |
mashnino:Okay sorry o. Success in your business. ![]() 2 Likes |
Re: How Much Does It Take To Start A Restaurant by helphelp: 7:19am On May 22, 2015 |
Re: How Much Does It Take To Start A Restaurant by barry40: 8:28pm On May 23, 2015 |
beylinko: Wisdom is profitable to direct 2 Likes |
Re: How Much Does It Take To Start A Restaurant by missme23: 12:17pm On Sep 24, 2015 |
beylinko:my dear its been long since you posted but i hope you get to see this...i also have same idea in mind..i know i cant go for smthing with a high capital so i know its a buka..you said you used 200th to start.. was it easy? Were you selling in normal prizes like road food joints?? And most importanly is there gain?? Can someone gather up to 50k a month?? |
Re: How Much Does It Take To Start A Restaurant by Onuohasworld(m): 12:28pm On Sep 24, 2015 |
Micro wave was shipped in from us...for sale ..very affordable so ur ministry will move forward. |
Re: How Much Does It Take To Start A Restaurant by Nairasolutions: 3:24pm On Sep 24, 2015 |
Avoid running the business like a roadside artisan, get a business plan first. It will act as a road plan, it shows the details of all you need including the set-up costs, break-even analysis, staff recruitment , cashflow analysis , marketing plan and strategies. I can help you with affordable detailed business plans. visit www.nairasolutions.com/bizplan 08167566759 |
Re: How Much Does It Take To Start A Restaurant by beylinko(m): 3:39pm On Sep 24, 2015 |
Onuohasworld:forward your digits,let's talk |
Re: How Much Does It Take To Start A Restaurant by beylinko(m): 3:44pm On Sep 24, 2015 |
missme23:200k not easy, can you get the idea off your mind to a paper?DAT is the best way to start |
Re: How Much Does It Take To Start A Restaurant by pneumaticos(m): 4:23pm On Sep 24, 2015 |
Resons why you may fail in restaurant business Your health ....are you super ok or just ok, Have you work in a restaurant like the one u intend opening Can you cook Do you have eye for location Do you have food selling ideas....different from parkaging cos you do all the packaging and start losing your customers at the third month Are you prepared for spiritual war.........15 years experience no be small thing Proximity to a good food market(I mean oja were you buy ur stuffs.not proxy markets Your market...proximity to a school or an elite residential area What to buy to make the restaurant a beautiful place and attractive to ur customers wont be a problem if you have worked in one before If you above 28years and you just starting afresh based on interest and zeal Pls save your strenght for your woman.....dont go into it 2 Likes |
Re: How Much Does It Take To Start A Restaurant by Onuohasworld(m): 5:28pm On Sep 24, 2015 |
beylinko:. 08130286879 |
Re: How Much Does It Take To Start A Restaurant by missme23: 9:41pm On Sep 24, 2015 |
beylinko:well ive done that alot of times..i know it mostly depends on location..but does this food busines make gain?? Like i said before is it possible to gather 50k a month? Thanks for replying |
Re: How Much Does It Take To Start A Restaurant by pneumaticos(m): 6:09am On Sep 25, 2015 |
missme23: 50k a month is too small...the least you should aim at to be happy doing it is 7 to 12k per day ... Some days may even come when you make looses Mind you looses in food business are raise to the power of 2 Once you make a loose.1.you have to take from you savings 2.all the expenses of that day is gone for life .there will always be debtors Your workers will eat your profit in form of beef, drinks,water and all Initial buzz is not the real business Surviving the first year is a minor test Surviving the third year is a small test Surviving the fifth to sixth year without new ideas and may be another branch is almost impossible without prophecy. Imams and the rest If you survive the seventh year.....you are made for live..your restaurant is now part of the society Remember its not all the mr bits and tantis that's selling this days 2 Likes |
Re: How Much Does It Take To Start A Restaurant by missme23: 9:51am On Sep 25, 2015 |
pneumaticos:ok..thank you very much for the info dear, God bless.. |
Re: How Much Does It Take To Start A Restaurant by Nairasolutions: 2:56pm On Sep 25, 2015 |
Key things 1.Delicious meal 2.Excellent customer service 3. Affordability 4. strategic location 5.Cut-down over-head cost 6. Be in charge 7. Competent Staff strength 8. Get a detailed business plan with feasibility 9. Get a mentor in same food industry Visit www.nairasolutions.com/bizplan or call 08167566759 |
Re: How Much Does It Take To Start A Restaurant by yommywindy: 1:06am On Nov 11, 2015 |
@mashnino contact me on bbm 563DF15C I am in the process of opening up an exclusive restaurant with Italian super chef as partner. If you are interested we could partner. Thanks 1 Like 1 Share |
Re: How Much Does It Take To Start A Restaurant by babytejiri(m): 7:19am On Jan 26, 2016 |
zxmn' |
Re: How Much Does It Take To Start A Restaurant by betaessays: 11:18am On Sep 26, 2017 |
The capital that you have will determine the class of restaurant business you can start in Nigeria. We have the low class, middle class, upper middle and the high big boys class restaurant - it all depends on the cash and location you want to situate your business Read more here: http://businessplan.com.ng/restaurant-business-plan-nigeria-start-fast-food-business-nigeria/ |
Re: How Much Does It Take To Start A Restaurant by ultrazone(m): 11:03pm On Aug 10, 2018 |
Re: How Much Does It Take To Start A Restaurant by hppyromz(m): 10:42am On Oct 02, 2018 |
Re: How Much Does It Take To Start A Restaurant by joeyreports: 4:53pm On Oct 03, 2019 |
How to stat a restaurant business in Nigeria https://www.nigeriabusinessplan.com.ng/how-to-start-a-restaurant-business-in-nigeria/ |
Re: How Much Does It Take To Start A Restaurant by uzomabassey123: 8:07am On Jul 05, 2020 |
beylinko: Hello please can I have a breakdown or estimated cost of necessary equipments to open a restaurant business. If you have about 1.5M to set us the entire business including rent. |
Re: How Much Does It Take To Start A Restaurant by chapatti: 8:35am On Jul 05, 2020 |
Skip to content BEST BUSINESS PLAN IN NIGERIA Get Business Samples, Templates Fast Food Restaurant Business Plan In Nigeria 2020/ Feasibility Study Fast Food Restaurant Business Plan In Nigeria / Feasibility Study When the federal government of Nigeria announced Lockdown regarding the covid-19 PANDEMIC, many businesses shot down and closed but there was a particular business that did not close but it remained up till this very moment. That’s the restaurant business. Why is this business so special? First of all let’s define what a Fast food restaurant business is. It is a place where food, snacks drinks are sold, it’s one of the most profitable business one can ever get into both here and abroad. If you decide to own an African eatery in a foreign country, then trust me, you will be making cool money in foreign currency. The fast food restaurant business is a business that is hardly affected by the economic conditions because people will always eat when they are hungry no matter the economic situation. Our Restaurant Business Plan in Nigeria was recently updated to contain a well detailed feasibility on how you can open and start your own fast food restaurant business in Nigeria. It’s a feasibility study which will help you to determine what and what in terms of capital and other requirement to be able to open your own restaurant business in Nigeria and elsewhere. When we compile a business plan, it’s actually a detailed and well written one which can also be used for Restaurant for bank loans, Grants, Proposal and for competition ETC There are two major necessities of man on earth and they are water and food. And if food is part of it, then food as it where is then very key to human survival. Some persons have taken to the fact that they must eat three square meal a day and this is the very reason why this business is such a success. There are different categories of restaurant business. There is the high quality ones meant for classy people of the society and there those meant for low classy people in the society. If you are into any of them, be rest assured that you are still going to make it big time. I had a secondary school friend whose name is precious Okoye. Her mother was a mobile food seller who sells cooked food on her head. That was what she used in training all her kids up to secondary school level. Infact she was very successful in it that her kids attended the best secondary schools around. All the female children are into catering services as at now. My younger sister is currently a supervisor in one of the biggest restaurant in lekki lagos. Guess what? Most big men’s wives, don’t cook. They come to buy full coolers of food of various types and stock their refrigerator. She told me that what they make on a daily basis is up to 2m naira. This is no joke at all. Back then when I was still in Mainland lagos, I was a constant customer to a Togolese woman who was a local fast food vendor. I once asked her daughter how profitable this business was. And she said, “we have built our house since from this business” and now we are going to complete our second building. This is what this business will give you if you finally decide to go into it. Sometime ago I asked an audience in a post university entrepreneur program if they wanted to go into the ever lucrative food and restaurant business and even own their own fast food restaurant business in Nigeria? I asked again, if they do enjoy cooking or you want to be in the food business? Many said yes and others said no. I asked the others why they said no. They where frank with me. Some said they don’t know how to go about it. So I did present something to them which am going to present to you which will help them achieve their long time goal. What I presented to them was a detailed feasibility study on food restaurant business plan in Nigeria. This Business plan was recently updated and also is well detailed to teach you how you can start up your restaurant business and also be able to manage a restaurant business in Nigeria I said earlier on that what we have here can set up for a good food restaurant business in Nigeria. Although it can still suffix for a foreign land. Many people does think that it is bars and lounge that some people do hang out with their friend but that is not the incase because, a good great percentage of people also love to grab a meal with friend, family in food restaurant. At times too, new acquaintance and with whoever they choose to go out with does choose food restaurant too. There is a big chunk of money in this business and we will be showing you how you can actually benefit from this business because it is a business that can fetch you al lifetime money on a regular basis. Doctors have always told us to pay a good cook rather than pay the best Doctor. Starting a Fast Food Restaurant Business In Nigeria The urge and need for everyone to go out to a good restaurant, is on the increase daily both from friends, colleagues, husband, wife etc. So it will serve you well if you can have a restaurant in a good location where well prepared meals are being served. And this is the nucleus of holding and retaining your customers. If you look around you, you will discover that the business of restaurant is one of the best things to do now. But don’t be carried away because this business is more of a service business than a product business. This means that the satisfaction of your customers should be your utmost priority and it should be non-negotiable. So many people get discouraged from this business simply because they can’t cook. Well if that is you, then have a change of mind. This business has nothing to do with how good and perfect your cooking skills are though it could be an added advantage. You can run one of the best restaurant business in Nigeria and yet you won’t step your feet into the kitchen. But you must understand management skills and admin ethics. What is you actually need a well written Restaurant business plan and there you go. The restaurant plan will sure help you plan and prepare for the restaurant business in Nigeria. Below is a step by step guide to starting your own restaurant business. When you are going into this business, ensure that you don’t have to look down on anyone both the less classy ones because what you want is their money. Set up your Food restaurant business based on what you want. If you want a five star restaurant business, then locate a five star vicinity and set up a five star hotel. If you want to set up the one meant for both the rich, middle class and low class, then you should set it where everyone can have a good access to it. You have to imbibe POSITIVE mindset that what you have is not just a restaurant for serving food alone but that it’s a business built on satisfying your costumers need both in a good and serene environment. There is no limit as to what knowledge you are permitted to gather as far as this business is concerned. As far as the food industry is concerned, then gather as much information/knowledge as possible. Like we have been told that Knowledge alone is not power but the application of it. The saying goes too in restaurant business. So when you acquire any knowledge, you are to apply such a knowledge. The edge you stand in this business is the amount of knowledge you have in this business because that’s what will mark you out else you will struggle to stay afloat when others are actually flying. And that is where the restaurant business plan becomes a necessity for you. Kinds of Restaurant Business in Nigeria Fast Food Restaurants – This the exact what most persons know about this business. It is the most lucrative business among all others in some areas. For those who wants to go into this business, should be ready for more and more profitability. Do you know why it is called fast food? Because this is the 21st century where everybody is looking for a fast way to do things. In a fast food restaurant food like fries, chicken, burgers, chips, drinks etc are served. In a fast food restaurant, clients can eat in, take out or there could also be a delivery service. African/Traditional Restaurants – This is a situation where all sorts of local foods are served in a special way. It is also very popular and very lucrative. In the world, I think Nigeria is far blessed with various kinds of delicacies. And these various delicacies come along with the different ethnic groups we have in Nigeria. So restaurants of this nature are where you eat such foods. Fine Dining Restaurants – For those of you wants to open just restaurants for high top persons in the society, here you go. This type of restaurant is meant for the top people in the society. In this type of restaurants they have what is called courses like 3 courses meal or 5 courses meal for their clients. And it is very expensive. Casual Dining Restaurants – In this type of restaurant, there is no class structure. Everyone is served in particular order. But it is an organized place and the environment is very peaceful and relaxed. Cost of Starting a Restaurant Business in Nigeria There is no fix cost for the opening of a restaurant. In fact what you have in mind in regards to the type of restaurant you want to open will come into reality based on the kind of capital you have at hand. When you think of opening a restaurant, your location plays a very key factor and a huge factor in your decision making. There are things you must consider before you set up a food restaurant business in Nigeria. Gas cooker, refrigerator, microwave, deep freezer, generator, furniture, cooking utensils, air conditioner, television, POS, automatic cashier system. Although you may not want all of the above based on what type of class of restaurant you want to have. Well, this is all I have to say on this. We will advise that you purchase our well detailed and written business plan on food restaurant business in Nigeria. To set up and run a successful restaurant business in Nigeria, you would need to plan for it and this is why its advisable to get a well detailed Restaurant business plan in Nigeria which will help you plan and to set up a refined fast food business in Nigeria.. Our restaurant business plan will serve as a business guild in the initial stage and will also continue to control the way you run the business. Get Our Pro Restaurant business plan for your Fast Food business. Hurry now and GET YOUR FAST FOOD RESTAURANT BUSINESS PLAN. To place an order, pay N10,000 to GTBank (Guaranty Trust Bank) Account Name – Ogumka Innocent Account No – 0153723721 After payment text your name, your e-mail address to 09066078526 and you will receive your Restaurant Business Plan In Nigeria / Feasibility Report, send your email and payment details to 09066078526. You can also call or whatsapp us on 09066078526 If you have gotten our Restaurant business plan, you will discover that it is very detailed and all questions in your heart have been answered too. So all you need do now, is to apply that therein in the Restaurant business plan. Like we have earlier said, location in this business is very key. Choose a location For Your Fast Food in a place that seems to have crowds but not a noisy place anyways and a place that can be easily accessible. Getting an experienced chef and having a great concept to market your restaurant will be very unique. If you must spread like wild fire in this business, then you must be read to run an advert and this is where you have to be very creative. For example you have to print flyers, invitation cards, run adverts on facebook and YouTube too. There is always need to register your business because that is your legal operating documents that guarantee you leverage to operate a business in Nigeria. If you operate a roadside food vendor, you may not necessarily need to register your business. But for those who wants to establish a trade mark restaurant business, then it will be very important to register a business name, have a trademarked logo and locate the best location for your food restaurant to thrive. Select primary location Every restaurant business plan in Nigeria has to contain the prospective location where you will build your business establishment and that is what we have already in our restaurant business plan in Nigeria. The location should be void of competitors because this might not mean well for your business. It should not be filled with people who usually visit other areas just to eat. There are some perfect sources of information where you can use to find the excellent spot for your restaurant business plan are restaurant review websites and local newspapers. They are very good source of Restaurant Business Plan – Starting A Restaurant Business Sample Template But you have to understand that the best form of marketing for a restaurant business is word – of – mouth marketing. It may be cheapest form advertisement for a business of this magnitude but it is most effective form of marketing. All you need to do is be very creative, innovative and customer service oriented. This will also enable you to generate and maintain it a fine restaurant biasness. TABLE OF CONTENT Executive Summary Introduction Business Description Products and services Competitive Advantage Market Research Competitor Analysis Sales and Marketing Plan Operational Plan Business Risk Management and Structure Financial Plan and Projections GET YOUR FAST FOOD RESTAURANT BUSINESS PLAN. To place an order, pay N10,000 to GTBank (Guaranty Trust Bank) Account Name – Ogumka Innocent Account No – 0153723721 After payment text your name, your e-mail address to 09066078526 and you will receive your Restaurant Business Plan In Nigeria / Feasibility Report, send your email and payment details to 09066078526. You can also call or whatsapp us on 09066078526 |
Re: How Much Does It Take To Start A Restaurant by konews: 6:44pm On Sep 25, 2020 |
get our restaurant business plan in nigeria https://businessplanhub.com.ng/restaurant-business-plan-in-nigeria-latest-edition-feasibility-studies-proposal/ |
Re: How Much Does It Take To Start A Restaurant by BlissB(f): 9:53pm On May 24, 2021 |
MASHNINO , Good evening, did you go ahead with the plan of opening the restaurant again? |
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