• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Submissions
  • About Us
  • Contact Us
  • Jul 6, 2022
  • Startup
    • Creating a Plan
    • Funding a Startup
    • Franchise Center
    • Getting Your Office Ready
    • Making Your Business Official
    • Marketing Your New Business
    • Personal Readiness
  • Run & Grow
    • Customer Service
    • Human Resources
    • Innovation
    • Legal
    • Operations
    • Risk Management
  • Leadership
    • Best Practices
    • Communication
    • Green Initiatives
    • Open Culture
    • Strategic Planning
    • People Skills
  • Sales & Marketing
    • Advertising and Lead Generation
    • Marketing Innovations
    • Marketing Plans
    • Online Marketing
    • Relationships
    • Sales Activities
  • Finance
    • Budgeting and Personal Finance
    • Payments and Collections
    • Tax and Accounting
    • Pricing Strategy
    • Working with Investors
    • Working with Lenders
  • Tech
    • eCommerce
    • Hardware
    • Software
    • Security
    • Tech Reviews
    • Telecom
  • Shop

SmallBizClub

Helping You Succeed

Home / Startup / How To Start Your Restaurant On A Low Budget
How To Start Your Restaurant On A Low Budget

How To Start Your Restaurant On A Low Budget

1702 Views

Aug 10, 2020 By Ilan Kaps

Many potential restaurant owners have been left hanging because of COVID-19. Existing restaurants have struggled to keep their heads above the water. Starting a restaurant has simply been impossible.

However, as we move towards an end to the crisis, you may be considering finally putting your plans into action. Unfortunately, chances are that you have a lower budget to work with. Capital you reserved for launching your business may well have been drained by basic expenses.

The good news is that starting a restaurant does not need to break the bank. You can launch a restaurant on a budget if you take heed of the following tips.

Prioritize deliveries

When you were initially planning your restaurant, you had visions of a crowded space with a great ambience. Unfortunately, that is no longer our reality. Right now, the restaurants making the most money are those who do delivery right. And when this crisis is over, they will be able to build on their success.

You will be able to run a restaurant the way you intended. It’s just not going to be as organic as it once was. Take advantage of that by getting a smaller space and saving on overheads. If you’re no longer prioritizing sit-down business, you can also choose a location that is slightly less traversed.

Remember that deliveries require different strategies than a sit-down model. You will need to market yourself well, as well as focusing on making food that is easy to package and tastes great upon delivery.

Save on furniture

The aesthetics of your restaurant are incredibly important. However, this does not mean you need to spend millions on making your restaurant look expensive. If you are not aiming to attract the super-rich, a space that looks clean and new is more important than fancy furniture.

Get restaurant furniture for less and you will also not get stuck with a style that goes out of fashion. Ultra-modern restaurant furniture tends to be less comfortable and can start to look gauche very quickly.

That’s not to say you won’t get innovative furniture at a discount. Simply remember that exciting styles do not need to be your priority.

Buy ugly produce

All of us living in the twenty-first century are somewhat shallow. Which is why tons of produce goes to waste every year simply because it is ugly. When shopping, we are always going to choose fruit and veg that looks uniformly “attractive.”

However, when running a restaurant, patrons are not going to see your produce before it is chopped up and cooked. And because it all tastes the same, it doesn’t matter how wonky it may be.

A lot of ugly produce goes to waste, and it is therefore a lot cheaper than the produce you will find in a store. There are a number of companies that collect this kind of produce and sell it to restaurants and individuals. It is a great way to save money without impacting the quality of your meals.

Filed Under: Getting Your Office Ready, Startup Tagged With: Restaurants

Ilan Kaps

Ilan Kaps

Ilan Kaps has been writing about food, travel and business for six years but his love for the niche goes back to childhood. He loves all sorts of adventures, sports and spending time travelling the world.

Related Posts

  • 4 Innovative Ways to Grow Your Restaurant & Bar Business
  • A Restauranteur’s Pandemic Survival Guide
  • Opening a Restaurant? 3 Top Tips

Primary Sidebar

Random

10 Reliable Ways to Finance a Startup

Jun 22, 2018 By Paul Thornton

5 Habits That Impress Your Clients

Feb 18, 2015 By SmallBizClub

Best Entrepreneur Books for Our Time: A Targeted Guide

Jul 19, 2017 By Susan Solovic

Gratitude Magnified

Oct 13, 2017 By Drew McLellan

5 Tips from Those Who Thrive Doing Multiple Startups

Oct 3, 2018 By Marty Zwilling

Footer

About Us

Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Copyright © 2022 by Tarkenton Institute, Inc. All Rights Reserved | Terms | Privacy