The restaurant budget that I mentioned in this article includes the details of the construction, decoration and fixture expenses and how to calculate them until they reach the "restaurant only opening stage" .
So, why can't the restaurants that are waiting to open with great hopes in the category of the best restaurants they aim to open on time? At the same time, we see that some restaurant projects are halfway through the construction phase. It turns out that..
How to Prepare a New Restaurant Budget?
Although new restaurant openings are not as popular as before the pandemic, restaurants with international standards continue to open, albeit in small numbers. Although some restaurants open on the dates they target, some cannot achieve this for different reasons?
The restaurant budget that I mentioned in this article includes the details of the construction, decoration and fixture expenses and how to calculate them until they reach the "restaurant only opening stage" .
So, why can't the restaurants that are waiting to open with great hopes in the category of the best restaurants they aim to open on time? At the same time, we see that some restaurant projects are halfway through the construction phase. It turns out that restaurant budgets that were not prepared at the beginning or that were prepared incorrectly misled the investors.
In restaurant projects , which are started with high hopes and high goals , investor people or institutions have to buy partners or partners due to financial difficulties due to the restaurant budgets made wrong. So what is the Restaurant Budget? How to prepare a Restaurant Budget? What are the most important considerations in the Restaurant Budget?
As someone who has opened, opened or provided consultancy services in Turkey, European countries, America and Arab countries, I have something to say to those who will open a new restaurant, as far as I remember from my experiences and by reviewing the notes I have taken...
For those who want to have the best restaurants in the city, or for those who say, " How Can a Newly Opened Restaurant Be Successful with Restaurant Trends ," taking into account the 2022 gastronomy trends with the idea of definite success , I will specify the questions to be considered in this regard.
So what are the things that need to be done for a new restaurant to be successful? What Should Be Considered When Opening a New Restaurant to Earn Profit? How to Have the Best Restaurants in the City in your area ! Those who want to be more careful in restaurant investment after hearing about Bankruptcies and Opportunities after the Pandemic and Corona Virus ...
** If you want to open a restaurant, even if you do not have experience in opening a new restaurant, at least you have dreams about what kind of restaurant you want to open. Write down the features of the restaurant of your dreams by listing them on a piece of paper. (Open area, indoor area, the concept you want to do, how many people it will be, where it will be, etc.)
** Write your estimated budget (for each item) against the items containing the features of your new restaurant you have listed and keep the paper with the result in your file.
** In order to have a permanent restaurant in your city, ask an expert in the field of Gastronomy Consulting or an institution to prepare a feasibility study on the costs of a restaurant project with the features you want. But especially the Restaurant Concept Design features, the details of the Kitchen Planning , the size dimensions of the Kitchen Sections and how the Kitchen Units will be placed and the Kitchen Design features.
** In order to learn the restaurant budget, one of the most frequently asked questions by those who want to open a new restaurant , and your restaurant cost with the lowest margin of error, after receiving the budget prepared for you in Restaurant Consulting , have it checked by an architect you trust for the 1st control and learn the construction costs in writing. Put these in your new restaurant file.
** In order not to fall into the Most Common Mistakes When Opening a New Restaurant , contact an interior architect you trust for the costs of restaurant concept design in general fixtures and interior decoration in the restaurant budget, and ask him for a feasibility by stating the notes you personally took. (Features of seating groups, chair and table preferences, decoration materials to be used, ceiling features, lighting, indoor and outdoor design, etc.)
** For those who say what should I pay attention to when opening a new restaurant with big goals, add this to your file after you get the necessary budget work from your interior architect in the most accurate
new restaurant budget. In the answer to the question of How to Establish a New Restaurant Kitchen , contact an expert in the field of Kitchen Consulting and ask them to prepare a feasibility study on Kitchen Types , Cooking Equipment , Industrial Kitchen Planning . After making the cost analysis of the relevant fixtures, add the cost results to your file.
** As you approach the results of your restaurant budget step by step, you also learn the answer to the question of How to Open a new Restaurant . Considering your New Restaurant Concept , you have to learn the answer to the question of How to Make a Restaurant Menu in order to learn the costs of kitchen and service fixtures . We haven't opened the restaurant yet, don't say what menu!!! Because in order to learn the most accurate restaurant budget, you have to buy these fixtures according to the menu. If you do not do this, you will not have to buy many materials unnecessarily.
Considering the New Food Trends in 2022 , who is the Menu Consultant on this subject , have a sample Restaurant Menu made and request a feasibility list of all tools and equipment to be used according to the menu. Add the amount of the fixed cost list to the restaurant budget.
Now compare the financial result in the restaurant budget you have prepared before with the total of the feasibility results you have prepared. I hope you weren't too wrong. The most important issue that I should mention here is that the main thing starts here. How will you do the commercial Restaurant Management that you have brought to life ?
You can contact me, taking into account my professional resume , to get more detailed information about the above-tagged issues and the issues that should be done after this stage in your new restaurant, which is one of my service areas , which is the answer to the question of How a Newly Opened A la Carte Restaurant Succeeds. If I have to mention my last note, I recommend that you contact me at least 1 month before starting the operation due to my current programs . If you cannot reach my phone due to my work abroad, I will definitely be informed if you send an e-mail to " akdenizsef@gmail.com ".
What Does a New Restaurant Opening Budget Mean? How to Make a Restaurant Opening Budget? What Are the Characteristics of a Restaurant Opening Budget? What Areas Does the New Restaurant Opening Budget Cover? What Costs Are Included in the Restaurant Opening Budget?
A new restaurant opening budget refers to a financial plan created to plan out the expenses and costs a restaurant will have to incur initially. The restaurant opening budget helps business owners and managers determine the financial resources needed to run the business successfully.
The restaurant opening budget can be done with the following steps:
Definition of costs:
While creating the restaurant opening budget, all the costs that the business will face during the opening process should be determined. These costs may include items such as rent, deposit, construction or renovation costs, equipment purchases, decorations, licenses and permits, insurance, staff salaries, marketing and advertising.
Cost estimates and research:
Estimates should be made for each cost item and detailed research should be done. Steps such as getting quotes from different suppliers, researching the prices of equipment and materials, calculating staff salaries and marketing expenses are important.
Revenue estimates:
Expected revenues should be estimated during the opening process of the restaurant. This should be based on the restaurant's target audience and sales expectations. These estimates show how much revenue the business should generate and the importance of balancing costs accordingly.
Financing planning:
The restaurant opening budget should also include how the business will secure the necessary financing. This funding may come from business owners or from sources such as investors, bank loans or grant programs.
Some features of the restaurant opening budget include:
It should be detailed and realistic:
All costs and revenue estimates should be calculated realistically. Overly optimistic or pessimistic forecasts can make it difficult to plan the budget correctly.
It should provide flexibility:
It should be noted that there may be changes in planned costs or revenue estimates. Unexpected expenses or revenues higher or lower than the estimates may arise during the opening process.
Reserve funds should include:
It is important to have backup funds for the unexpected. For example, emergency funds should be set aside for equipment failures, staff shortages or changes in marketing strategies.
The restaurant opening budget usually covers the following areas:
Operating costs: Operating costs such as rentals, deposits, construction, renovations, decorations, licenses and permits are included in this category.
Equipment costs:
Equipment costs necessary for the operation of the restaurant, such as kitchen equipment, furniture, decorative elements, software and hardware, are included here.
Personnel costs:
Salaries, insurance, and other employee benefits of personnel essential to the operation of the business, such as business owners, cooks, waiters, cleaning staff, fall into this category.
Marketing and advertising costs:
The costs of restaurant promotion, advertising campaigns, marketing materials and other marketing activities are included in this category.
Working capital:
The capital used to provide the cash flow necessary for the daily operation of the restaurant is included in this category.
To summarize, the restaurant opening budget refers to a financial plan that includes all the costs and revenue estimates that must be made at the restaurant's startup stage. This budget is an important tool for planning the financial resources of the restaurant and ensuring the successful operation of the business.