the first step in starting a new restaurant
The first step in Starting Up a new restaurant or purchasing a franchise should be to conduct a Feasibility Study. More than just a site location study, this involves the gathering and analysis of information necessary to make an informed decision about the potential success of a specific concept in a specific or geographical location. Also, feasibility studies or business plans may be required by a landlord when you are in the process of acquiring a site. They may also require a comprehensive study that includes renderings, conceptual layout, and logo design which we provide to our clients.
Think of a feasibility study as insurance. It is insurance against failure. Any new business venture can be risky, and restaurants are no exception.
A Feasibility Study is a smart “minimal investment” before you begin the process of developing your restaurant or purchasing that franchise. A Feasibility Study Maximizes Your Chances For Success and Increases Your Return on Investment.
The process of completing the study takes two (2) weeks. Once completed, we will review the study with the client and determine the best way to proceed. The Feasibility Study will provide a working budget which will provide a road map for success.