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Once you know that a restaurant is right for your business, the first decision you will make is whether to buy an existing restaurant or start your business from scratch. Each option has its advantages and disadvantages. When making such an important decision, you will need to consider your capital and all the risks involved, also your short and long term business goals.
Restaurants are a risky business. Whether you decide to start your own restaurant or buy a restaurant from someone else, you will likely face many obstacles before you reach profitability.
Risks if starting from scratch
Difficulty obtaining licenses (projects, building authority, approvals, sanitation, city, BZOP, HCCP project and many important authorities…)- How and with what to attract a customer base
- Preparation of capital and also count on unexpected expenses or count on the possibility of low sales
- Problems with staff and their training
Difficulty obtaining licenses (projects, building authority, approvals, sanitation, city, BZOP, HCCP project and many important authorities…)Risks of buying an existing restaurant
Before you can open the doors of your new restaurant, you must get permission from the local health authority. The permit verifies that your facilities comply with local, state and European regulations. In order to obtain a permit, you must account for:
Bad reputation or dissatisfaction of existing customers- Accountability for previous owners such as other controlling institutions and their history… etc.
- Poorly preserved or broken gastro equipment of the bar and kitchen
- Dysfunctional restaurant management and business structure problems
- Any other disadvantages such as limited parking spaces, the terrace and its possibilities, the location of the restaurant and its purpose-built layout
Bad reputation or dissatisfaction of existing customersWhile these risks may seem small compared to the risks of opening a new restaurant, the truth is that the last owner probably left the restaurant for a good reason. You guys need to make sure that you fix any problems that caused the previous owner to fail.
Benefits of starting from scratch
Most restaurant owners want to start their own restaurant because they want to share their own special dishes. There are several benefits to starting a restaurant from scratch, including the following:
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Choice of style
When you start building your own restaurant from the ground up, you need to already be clear on what style of restaurant it will be, you need to have complete control over what your restaurant will become and what it will offer to customers and what kind of customers it wants to appeal to. -
Flexibility in restaurant design
You can create in your own style every design detail such as kitchen, dining room and exterior according to every specification, taste and imagination. Moreover, you can design the interior and exterior of your building to match your new brand. -
The advantage of building a reputation
You have a unique opportunity to build a name for yourself, the amazing thing is to start on the day you open to focus on every detail that affects the customer and then just work and improve. Remember reputation is what makes or breaks. Since you are starting from scratch, you won’t have to deal with the restaurant’s previous reputation. -
Control over the menu
You don’t have to work with an existing kitchen and struggle with staffing constraints when developing your menu. Instead, you can design a menu and design the restaurant as well as its cuisine to customize it.
Benefits for Buying an Existing Restaurant
While taking over an existing restaurant facility has its risks, there are several benefits that can save you time and money in the long run. These include the following:
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Immediate sales.
Very soon after you purchase the restaurant, you’ll be ready to offer services to customers so your incoming revenue is immediately there. -
Established customer base.
If you make a good purchase, your restaurant will have a number of regular customers who keep coming back, despite the change in ownership. -
Existing brand awareness.
If you have bought a restaurant that has a good reputation, you will benefit from the fact that people already know about it and like it. Of course, if a restaurant’s reputation is bad, brand awareness will only hurt, so you need to work on advertising and building a new brand, which certainly won’t be easy. -
Less personal time required.
Since the restaurant is already up and running, you won’t have to pour your time into designing the restaurant, you don’t have to develop the menu, training servers, etc. Instead, you can focus your time on improving the existing restaurant operations.
Alternative i i
If you want a new restaurant but from the beginning it seems like too much to handle, but buying an existing restaurant is no longer attractive to you, there are a few alternative options you might consider. Try this option:
Upgrading an existing restaurant.
This is a great way to save money. You can take an existing restaurant and keep the existing architecture, complete kitchen equipment, kitchen utensils, furniture and even staff, but do a menu redesign, 
redesign the interior and exterior of the restaurant to suit the new concept. To ensure that you have everything you need to create your menu, you may need to purchase a few additional fixtures and pieces of equipment.
Studies show that there is slightly less risk associated with permits than starting an independent restaurant.
Buying an existing restaurant from the previous owner or owners can be very profitable. However, if you are careful, you may get more or even less than you expected.
“10 tips for buying an existing restaurant…
So just decide and get to work. We will be happy to advise and help you when it comes to restaurant equipment we are professionals, from the initial project through hygiene to the final implementation…
by Katarína Pjatáková
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