To start a fast food business:
- Plan your fast food restaurant concept and menu. Determine what makes your restaurant unique.
- Form a legal business entity like an LLC.
- Obtain necessary licenses and permits. Requirements vary by location.
- Scout locations and sign a lease. High foot traffic areas are ideal.
- Design and build out your restaurant space.
- Purchase commercial kitchen equipment.
- Develop your brand identity and marketing materials.
- Hire and train your staff.
- Perfect recipes and processes before opening.
- Market your grand opening to create buzz.
- Compromising on quality
- Poor customer service
- Not managing inventory
- Delicious food
- Efficient operations
- Good value
- Cleanliness
- Marketing and promotion
Starting Small
- Start with a food truck and work up to a restaurant.
Local Requirements
- To open fast food, get a business license and federal tax ID. Provide proof of ownership, file corporate documents and pay fees.
Importance of Quality
- Good ingredients prepared well at reasonable prices are key. Don’t skimp on quality.
Consider Packaging
- Take-away food needs cost-effective packaging.
Know Your Market
- Target a specific customer group.
Building or Buying
- Franchises require significant investments. Building your own brand requires little capital.
Branding Strategies
- Keep one signature dish. Make your food a brand.
Financial Planning
- Have working capital for staff, rent, electricity.
Keep one signature dish. Make your food a brand.