Published August 18, 2017

Tips for Bootstrapping Your First Restaurant

Restaurant start-up entrepreneurs are turning to creative ways to get their start in the food service business.

Franchise opportunities abound and many entrepreneurs are choosing this lower-risk route into the business, leveraging the established systems and brand recognition that comes in exchange for their royalty payment.

For a low cost start-up others are choosing to jump onto the food van trend giving them a restaurant on wheels.

And then on the leading edge of the latest trend is a hybrid of a restaurant and food truck – the food stall, where someone else provides the venue, marketing and customers and food operators turn up to sell their meals in a market style environment.

Key Takeaways:

  • Smaller chain franchises can be an easier way to start in the business for those who are new to it
  • Food trucks are a good option for those just starting out
  • Being a vendor in a food hall is a good way to start out at a lower cost

“Franchises are increasingly attractive as chains pivot toward being more tech-savvy and quality-minded.”

Read more: https://www.qsrmagazine.com/finance/tips-bootstrapping-your-first-restaurant

Related Post:
  1. Head: How to stave off 7 killer workplace viruses
  2. Knowledge@Wharton – What Can Firms Do to Prevent Sexual Harassment?
  3. Chefs raid the pantry for ice cream inspiration
  4. 7 Tips for Serving Diners with Allergies
  5. Commerce Signals Launches Tracking Service for First-Party Data
  6. Pub Sales and Pro Sports
  7. How To Do Prix Fixe Menus the Right Way
  8. Chatbots in Restaurants: Redefining Customer Experience
  9. 5 Tips on Serving Gluten-free Guests
  10. Make Wines by the Glass a Winner