If you’ve always dreamt about opening your own restaurant now is the time to make that dream a reality.

We all know how fickle the economy is right now but if you wait for the perfect conditions you could be in for a very long wait indeed. Instead, it’s time to take the plunge. Fortune favours the bold, so dream big, work hard and you’ll soon be rewarded.

Here’s a broad roadmap of everything you’ll need to plan to open your own restaurant.

Plan your restaurant concept

What sort of restaurant would you like to open? There is a plethora of different Auckland restaurants so it may be a good idea to find a niche – but one that’s popular nonetheless. What inspires you? Make a list of your favourite restaurants and consider what makes them special.

Where would you like to open a restaurant? The location of your restaurant could be something that either makes or breaks your business. Browse the Yellow Pages and see where all the top Auckland restaurants are located.

Once you have your space, you’ll then have to decide on your restaurant’s layout and décor. A light shop or lighting consultant may be able to help you create the desired ambiance for your restaurant.

Restaurant staffing and supplies

You need to consider how many staff you’ll need to hire. Even if you plan to do much of the cooking yourself, you’ll still need a team of kitchen staff to help out. Often the best restaurants have the best customer service, so you’re going to need to hire great people. A recruiting company should be able to help you.

Meanwhile, consider restaurant supplies. This is an essential component of opening – and maintaining – a restaurant.

Financial planning

One of the most important steps in opening a restaurant is planning your finances. How much money will it cost to get it up and running? How much will you need to borrow? Importantly, how much will you need to make each day to break even?

A financial planner or business consultant will be able to help you plan your business finances, and you should consult with a business brokerage to see if there are any restaurants already for sale that would suit your requirements.

You will also have to consider business insurance and investigate Auckland city’s regulatory requirements. See the council website for details.

And this is just the tip of the iceberg when it comes to opening your own restaurant. Opening a restaurant may require a lot of work but the rewards may be plentiful. For more advice visit the Restaurant Association of New Zealand.

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