How do I do a feasibility study for a restaurant project? Many people want to start a successful project. Life is no longer as easy as it was before. The employee is no longer enough to be the only source that achieves the desired standard of living, so most people resort to making their own projects, especially A restaurant project is one of the indispensable projects, but before implementing it, you may ask yourself how to do a feasibility study for the restaurant project to ensure its success and achieve the best possible profit rate.
How do I do a feasibility study for a restaurant project?
The feasibility study of a restaurant project is one of the most important and most profitable projects, as it is an open market that includes various groups in society, and we will review points for you, dear reader, including:
How to make a feasibility study for a small or medium restaurant project, what is the appropriate location for it, and the cost that the project needs, and this is what we will discuss together in the following lines of the article, in addition to some tips for the project to be successful?
What is the best place to do a complete and successful feasibility study for you?
Let’s talk first, my dear, about the best place you can use when conducting a feasibility study for a restaurant project, in light of the presence of many companies specialized in this field
Therefore, you should resort to a distinguished company that everyone praises for its professional performance, such as the technology company, which was able to sweep the largest companies in the field of electronic services, as it specializes in providing administrative and economic consultancy to major factories and government and private companies.
It also provides thousands of other electronic services that any project owner may need when implementing his activity, especially the feasibility study of various projects with skill and efficiency, and it also develops alternative plans in case the project is at risk.
In addition, the company uses various methods of advertising and social media through the Internet and search engines, in order to achieve the widest possible spread of the project’s commercial activity, and the technology company is distinguished by its distinguished prices that can be considered within the reach of everyone.
After we got to know the best place to conduct a feasibility study, let us discuss how to study the feasibility of a restaurant project.
Feasibility study for a restaurant project in Egypt 2020
The restaurant project needs many conditions and specifications in order to make it a successful project that will be a starting point for you towards the world of success, and the most important of those specifications are as follows:
First choose the appropriate location to start the restaurant project:
The right choice plays a major role in the success of the project as well as attracting the largest possible number of customers. The element of choosing the place is a pillar that gives an impetus to success. Therefore, the place must be characterized by vitality and the movement of people in it should be many and continuous, and it is preferable to be close to workplaces, universities, schools, main places and cafes. .
It should also be taken into account not to set up a restaurant next to another restaurant that offers the same quality of food, or to choose a place that does not have the same type of food in order to ensure the success of the project.
Here we must note the selection of the appropriate food quality for the place is also an important factor, for example, it is not necessary to establish a luxury restaurant in a rural village or a popular neighborhood, and so on, care must be taken that the restaurant is in front of a view acceptable to the eye because this gives a good impression of the place.
Second: Familiarity with all the elements of the economic feasibility study of the restaurant project:
The establishment of a small or medium restaurant project requires an appropriate capital in order to be fully completed, and this capital is used in the following points:
The cost of renting the shop: on which the restaurant will be located, and it must not be less than 60 meters. This item is a fixed item among the items that will be paid on a monthly basis.
The cost of services and utilities: It includes water, electricity, telephone and coal bills if the restaurant is for grills.
Maintenance cost: This item has to be taken into account and may not be as monthly as the previous items.
Expenses for obtaining licenses: These are administrative expenses for obtaining health licenses for food.
Fees for restaurant staff and delivery service.
The cost of restaurant equipment such as chairs, tables and mattresses.
The cost of restaurant purchases such as meat, chicken, vegetables, etc., which is in the first month from the capital and after that it is from the restaurant’s profit.
Expenses of making advertising banners for the restaurant: whether of paper or cloth and the menu that shows the available types and prices, in addition to all other paper supplies such as account bills.