Wednesday, January 19, 2005

What type of restaurant should you own? Part 1.

Before you write your business plan, determine costs, visit your banker and find a location (a partial "to do" list), you need to decide what type of restaurant is right for you.

Let's look at some different types of "restaurants".
  1. FAST FOOD - Franchise or your own concept (typical burgers, pizza, chicken, submarine sandwiches, ethnic)

  2. LIMITED TABLE SERVICE - Small locations; counter and a few tables; fast turnover; usually a breakfast and lunch menu; typically located in office buildings.

  3. COFFEE SHOP - Think Denny's or Norms but it could be your own concept, one-of-a-kind like Pann's. Menu is large and varied. Counter and table/booth service. Breakfast, lunch and dinner.
Tomorrow we'll look at some other types of restaurants - - there are many more to explore.