Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Learn more. The restaurant industry is huge, with plenty of profit to go around — if you have the right business model and concept. While the customer base is there, but there's a lot to consider before you open a restaurant to ensure you're successful.
Last Updated: April 13, References Approved. This article was co-authored by Alex Hong. He has been working in restaurants for over ten years. Alex is a graduate of the Culinary Institute of America, and has worked in the kitchens of Jean-Georges and Quince, both Michelin-starred restaurants. There are 43 references cited in this article, which can be found at the bottom of the page. This article has been viewed , times. Starting a restaurant or coffee shop can be very fulfilling.
The following is an excerpt from the complete guide How to Open a Restaurant. Read the full guide here. Your business plan will be the road map from which your new restaurant develops. The strongest business plans always include all or most of the components described below.