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Owning a seafood restaurant can be a fun way to become an entrepreneur and make a good living, but it also comes with several challenges. Growing a seafood eatery into a successful venture takes a great deal of planning and hard work, but there are many things you can do to get your restaurant off to a good start.
Pick a type of seafood restaurant to open. This is especially important if there are competing seafood establishments in town. For instance, you can specialize in selling sushi, open a Cajun seafood restaurant or an eatery that offers seafood dishes influenced by various styles of international cuisine.
Doing so is essential so that you know how much money you will need to keep your restaurant operating during its initial years.
Research and calculate how much it will cost each month for your staff, equipment, ingredients, utilities, building lease, marketing and permits -- be generous with your estimates to cover seafood restaurant business plans expenses.
Multiply the figure you get by 12 to see how much money you will need to run your business each year. It is best to have three to five years worth of operating money before opening your restaurant, as it typically takes at least that long to turn a profit.
Write a business plan for your seafood restaurant. Options include peer lending, credit cards, applying for a Small Business Administration-backed loan or getting a traditional bank loan.
Loans are not easy to come by, especially for first-time restauranteurs. Instead, you could see if family, friends or associates would be willing to invest in your restaurant. You will need business documentation, such as a liquor license, food handler permits, a food enterprise license, assumed name certificate and sales tax permit, before you open your seafood restaurant.
Contract with commercial fisheries as close to your area as possible to buy your seafood. Find them by looking through online and print business directories or using the term "US commercial fisheries" to browse your preferred Internet search engine. You may not be able to find a seafood supplier in-state, especially if you are in a non-coastal area.
If you opt to buy seafood from an international supplier, be sure you check to make sure that what they sell meets U. Secure a venue for your seafood restaurant. Ideally, your restaurant should be in a location that receives heavy foot and car traffic, which typically means opening up in or near a shopping center.
However, seafood restaurants also tend to fare well near recreational lakes, beach fronts, water, theme and amusement parks. Purchase the proper equipment and supplies to run your restaurant, including seating, dishes, professional-grade cookware, linens and takeout containers, from a restaurant supply company.
Buy these items wholesale instead of paying retail prices to save money in the long run. Use fresh, local ingredients instead of purchasing pre-made dishes.
Most customers can taste the difference between a frozen crab cake and a fresh one, or packaged seafood bisque and a homemade bowl. Aside from offering the freshest food possible to your customers, buying locally will save you money on transportation fees.
Hire staff that reflects the type of seafood restaurant you want to open. For instance, a southern-style seafood restaurant with self-service would not need waiters, but a hostess, a person to bus the tables and line cooks would be necessary. Do not attempt to run an entire seafood restaurant on your own, as it will be very difficult to cook, serve, clean, handle customer service and manage your business all at once.
Market your seafood restaurant. Sponsor public events around your city and hand out samples, send press releases to local media outlets or start a promotional website. You can also open social media accounts or buy radio ads.On the restaurant plans, Joe Vicari Restaurant Group has signed a year lease for the Kingsley's seat space, said CEO Joseph Vicari, and plans to open a second Joe Muer Seafood there in.
Becoming an Entrepreneur. How to Start a Steak & Seafood Restaurant. Opening a steak and seafood restaurant is a rewarding experience but it's important to plan out the business . Plans are in the works for a Cajun-style seafood restaurant called Royal Crab House to take over the former Pie Five Pizza Co.
location on Dundee Road in Palatine. Seafood Restaurant in Garden City, South Carolina. People talk about crab legs, fried seafood platter and fried oysters. See reviews and recommendations. Oct 16, · A developing seafood restaurant in the Westown neighborhood plans to serve Louisiana-style fare with a Midwest twist.
Devonzell Hollingsworth, the owner of Crab It . REVEL Social plans to open next week by Coors Field with “Bachelorette,” Matchbox power behind it Reps for the New England-style seafood restaurant say that construction and permit delays have.