20 Jan BASIC NECESSITIES FOR SETTING UP RESTAURANT BUSINESS

1. CONCEPT & VISION – The main questions to ask oneself before starting a venture are “WHY?” and “HOW?”. It is important to envision the ultimate goal and the ways to reach it. Having a strong sense of conceptualisation and visualisation is crucial for building up a business venture.
2. LOCATION- Finding out the best location for your venture is an important pre-requisite. The major part of the success of your venture depends on where it is located, many sales due to customer walk-ins etc. The location should be both popular and affordable.
3. MENU & HOURS- Before the actual establishment of your venture, a rough layout of the menu and catering hours is another important factor that gives you an idea about handling & knowing your business better.
4. LICENSING & PERMIT- This is the most important parameter before the establishment of your venture. Applying for license and permits from the respective authorities maintains credibility and legibility of your venture and also helps in carrying out a legal business.
5. BUSINESS PLAN: For being successful in the long run, every business venture needs a proper detailed plan that brings out the strengths and weaknesses of the venture. With a well-detailed plan, the further steps of building your brand become easier and manageable. 

CYK HOSPITALITIES specializes in consultancy. Our team of experts has been in this field for a long time and therefore knows every nook and corner of the parameters that are necessary before setting up a venture. Join us in establishing your venture right from the start and growing in the industry!