Restaurant business is one business that has been creating millionaires in Nigeria for decades. They will always be the need for places to eat out. You can take advantage of this opportunity and start your own restaurant business in Nigeria today. A good local restaurant like the one I am about to explain make about N20,000 daily as pure profit. Multiply that by 30 and you will get N600,000.
Now, let’s get down to the business of the day – One business that strikes my attention really good today is Small scale Restaurant Business. I find so much interest in the restaurant business because it’s a sure money maker, anyone who wants to make quick money shouldn’t look elsewhere. The sky is your limit in this business provided you take your restaurant business serious and treat your customers well with good food.
Small Scale Restaurant is very easy to start and low capital intensive. It can even go together with Beer Parlour business but I prefer it as a stand-alone business because, not everyone is comfortable eating in a beer parlour. Being one of the few businesses that is not affected by any economic meltdown – People must eat no matter how poor they are, no matter the situation they are, even if unemployed. Anyone can eat even if it is with the last penny he or she can afford, that’s what make restaurant business very lucrative. I think serious investors should give it a serious look.
With less than N300,000 you can start a nice local restaurant and with good food, good business practice, and proper customer care – you will be making above N500,000 monthly! So, what are you waiting for?
To start your own restaurant business, there are certain things you need to consider and put in place. To ensure you are on the right track, and as a lover of good restaurant myself, I will be explaining some of the things you need to put in place to get you started smooth and easily.
1. Good Space For Your Restaurant
Everyone likes to enjoy his food in a spacious laid back environment. Make sure you get a place as nice as possible you can afford – In fact, your major investment should go into this. If it’s going be a shop, let it be the one with extended frontage so that you can build canopy to afford your customers more seating space.
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The cost of rent depends on the environment but I think you can get a nice place with N100,000. Go for the best you can afford any area where there is enough movement of people.
2. Furnish Your Restaurant
When it comes to restaurant, look is everything to me and I think it apply to most people out there too. I can hardly eat in a place that doesn’t look nice and so do many; make sure your restaurant is well furnished to taste. The quality of your food and the type of cook you are can be perceive through your restaurant furniture
The furniture may take about N150,000 depending on what you go for and your bargaining power. You can get a local carpenter who (with proper supervision) will do very good furniture at lower cost for you. I wouldn’t recommend plastic chairs and tables, it makes your restaurant look unorganized, cheap, and untidy. But if that’s what you can afford, then you go for it.
3. Restaurant Utensils and Accessories
N50,000 will be able to take care of these, don’t buy something childish like plastic plates. Many people (including me) will reject the food no matter how good it looks if you serve it in plastic plates and spoon. Apart from the fact that they look cheap and childish, the tendency of dirt hiding somewhere and the plate being discolored is high.
Ceramic and Breakables are the preferred type you should go for and they are not very expensive. Feeding is a very sensitive thing and a lot of people don’t take what goes into their stomach lightly, it’s not just about filling the stomach, it’s about satisfaction, health, and enjoyment. While you make effort to prepare good foods for your customers, make sure you don’t ridicule your effort with cheap plates because, food look and taste better when served in a better plate.
4. Employ Good Cook
People will fall in love with your food if they are well cooked and taste great, make sure the Cook you intend to employ knows how to cook different types of meal very well. If you wants to do the cooking yourself, don’t just do it because you want to work hard and minimize expenses, do it because you can cook very well. I wouldn’t waste my money twice in a bad restaurant!
Once you have these things I’ve mentioned in place, you’re good to go with your business and start making money like never before. Good luck as you make effort to start your dream business this year.