How to Start a Restaurant
First, register your business name with either the DTI for sole proprietor or the SEC if you plan to set up a corporation. Get a barangay clearance and proceed to City Hall for the mayor’s permit. After this, register with the BIR where you will be required to attend a short seminar. Invest in adequate equipment. Jan 27, · READ: How to Start a Catering Business in the Philippines 8. Food Cart. Why it’s a profitable business: Starting a food cart business on your own seems like a lot of work, but with the right location, concept, and product, you can make good .
This website is marketed by ClientPedia. Enterprisers who want to start doing business in the Philippines have plenty of successful industries to choose from.
Among them, the food and beverages sector ln one of the starg choices as it enables investors to set up various types of business, such as restaurantsfast foods and catering companies. Those kn want to open restaurants in the Pilippines must comply with several laws and must obtain specific licenses in order to be allowed to operate on the market. Below, our company formation consultants in the Philippines explain the requirements for setting up a restaurant business. The first step related to setting up a restaurant in the Philippines to have a solid business plan and register a company with the local Business Registrar.
Our local consultants recommend investors to follow these important steps when starting a business in the restaurant sector :. We can also assist with the registration process of the Philippines company. Once the company registration procedure is completed, the business owner must apply for several licenses which will allow them to open the restaurant among which:. Also, the restaurant must hire specialized personnel who is allowed to handle and prepare food. Please contact us for full information on the requirements to setting up a restaurant in the Philippines.
A Taste of Success
Tips for Creating a Great Filipino Restaurant Business Plan If it includes hard numbers, a Filipino restaurant business plan can become the catalyst for an executable business strategy. Since lenders and investors will use your plan to gauge risk, it needs to contain industry-specific benchmarks and a detailed marketing plan. May 21, · Cell phone loading business; The Filipino’s love for cell phones always presents business opportunities in the Philippines market! Cell phone loading business has remained viable in the past decade because 96% of the mobile market uses prepaid subscriptions. Starting this type of business is easy.
Because people love going out to eat good food, there will always be a strong demand for quality restaurants. However, offering delicious food is only one of the success factors in starting a restaurant business. You must also learn about the business side of the equation. Some of the tasks you must know to start off well are the following: Determine the type of restaurant.
What type of food would you serve? Filipino, Chinese, Japanese, etc.? Restaurants are also classified according to the type of service. There are sit-down restaurants where the waiter gets and serves orders. In most fast food types, the customers order at the counter and get the food themselves.
Restaurants are also divided according to the price of food so there are fine dining places that are extremely expensive, and there are affordable ones like cafeterias. Plan your menu. Collect the menus of other restaurants similar to your concept and use the ideas that would work best for you. Compute the costs and the pricing of the items to project your potential profits per item.
Remember to incorporate all your overhead expenses like labor, time, rentals and taxes. Plan your location. Consider market size, adequate parking space, easy access and visibility.
Having an excellent market size means having a large number of potential customers. If you will be offering fine dining, a large number of students in the area will not matter as they could not afford it. Compute feasibility. Before signing on the lease agreement, make sure you can afford the rentals and other expenses on the sales you are projecting. Register your business. Avoid penalties or closure by complying with government regulations.
First, register your business name with either the DTI for sole proprietor or the SEC if you plan to set up a corporation. After this, register with the BIR where you will be required to attend a short seminar. Invest in adequate equipment. Having the right type and capacity of equipment enables you to serve your customers promptly, which is one of the keys to customer satisfaction.
Having the proper equipment also helps maintain the quality and consistency of the food. Hire experienced employees. It takes time for people to learn, and during that period, many dissatisfied customers may result.
Whatever savings you get from hiring inexperienced people will be offset by errors they will commit. Have modern control systems. Invest in a POS point of sale system and develop control procedures with the help of an accountant to both minimize internal theft and to manage your operations better. The POS will also be useful in tracking the movement of items and monitoring the productivity of your employees.
Market your business continuously. Never stop promoting your restaurant. Keep on introducing new menu items so that customers will not get tired of your offerings. While there is intense competition in the restaurant business, there still is a huge opportunity for entrepreneurs determined to succeed.
BusinessCoach, Inc. Contact 02 , 02 , or visit www. Click here to view details of the seminar: How to Plan and Operate a Restaurant ». Written by Ruben Anlacan, Jr. President, BusinessCoach, Inc. All rights reserved. May not be reproduced or copied without express written permission of the copyright holders.
How to Start a Restaurant Because people love going out to eat good food, there will always be a strong demand for quality restaurants.