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The question of how much capital is needed to open a seafood restaurant is one that many people ask when considering entering the culinary business. If you're also wondering about this, the following information from the Culinary Business Section will help you find the answer. To create a seafood restaurant that fits your available capital, you need to consider several factors, including:
Selecting a Location
The first thing that determines the amount of capital you invest when opening a seafood restaurant is the location. In different areas, different locations, the amount of money to rent a location varies. If you have a lot of capital, you can choose spacious locations with convenient transportation and dense populations. Or if you don't have a lot of capital, choosing a location will be quite difficult. You need to consider whether the location is suitable for trading, whether the price is suitable for you. However, signing long-term contracts or choosing undeveloped construction sites for a period of time will be a lifesaver for you.
Investing in Equipment and Supplies
Whether or not you can save costs depends on your plan in this area. One suggestion is that you can buy new equipment from closed stores. This method will help you save a lot of costs, especially for those with little investment capital, and you should only invest when you cannot find the equipment you need on the market. Buying two types of used kitchen equipment and furniture from other stores will help you save 20-40% of the investment costs. However, for dishes, utensils, cups, and glasses, buying directly from the manufacturer is the best choice. The total capital spent on purchasing equipment will range from 12-50 million.
Hiring Employees
Seafood restaurants that attract customers need skilled chefs (Photo: Internet)
All employees must undergo thorough training, from servers to valets, so they can serve in the best condition on the opening day.
The head chef is the soul of all restaurants; the taste of the food will determine the success or failure of the seafood restaurant. Therefore, do not hesitate to spend money to invite an experienced and skilled chef. Each server earns a salary from 3.5 to 6 million VND, while the head chef earns a salary from 6 to over 15 million VND, depending on skill level. So, have you calculated how much capital you need to prepare for this stage? Unlike the investment sources mentioned above, this capital will be spent monthly.
In addition, when deciding how much capital is needed to open a seafood restaurant, you should consider factors such as ingredients, taxes, administrative procedures, etc.
Read more: Experience in Business Opening Hotpot and BBQ Restaurants
Posted by: Khánh Huyền Lê
Keywords: How Much Capital Do You Need to Open a Seafood Restaurant?
