Start & Grow Your Restaurant & Bar Business

Learn the essentials to begin a profitable Restaurant & Bar Business

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The restaurant business is one business that has been creating millionaires in Nigeria for decades. They will always be the need for places to eat out. You can take advantage of this opportunity and start your own restaurant business in Nigeria today. A good local restaurant makes about N20,000 daily as pure profit. Multiply that by 30 and you will get N600,000. The sky is your limit in this business provided you take your restaurant business serious and treat your customers well with good food. The restaurant business in Nigeria and many other places around the world is one of the most lucrative ventures to start up. This is largely a result of the insatiable worldwide demand for food, which doesn’t just make it a highly profitable business for budding entrepreneurs, but also one of the best recession proof business ideas to explore. The demand for food worldwide has no respect for social classes. Both the rich and poor have to feed, and as such, must spend money on food. A majority of the small and middle-class citizens patronize mini-roadside restaurants also known as “mama put” in Nigeria, for their daily staple meals.

With the restaurant business generating over N100 billion dollars yearly, the opportunities that it holds for aspiring entrepreneurs looking towards its coffers remain bountiful. Small Scale Restaurant is very easy to start and low capital intensive. It can even go together with Beer Parlour business. Being one of the few businesses that are not affected by any economic meltdown – People must eat no matter how poor they are, no matter the situation they are, even if unemployed. Anyone can eat even if it is with the last penny he or she can afford, that’s what makes the restaurant business very lucrative. I think serious investors should give it a serious look.

With less than N80,000 you can start a nice local restaurant and with good food, good business practice, and proper customer care – you will be making above N500,000 monthly! So, what are you waiting for?

The first customers of most restaurant and bar businesses are family, friends, neighbors, etc. Everyone likes to enjoy his food in a spacious laid back environment. Make sure you get a place as nice as possible you can afford Most people grow their customer base from referrals from satisfied customers.

A good local restaurant makes about N20,000 daily as pure profit. Multiply that by 30 and you will get N600,000.

People will fall in love with your food if they are well cooked and taste great, make sure the Cook you intend to employ knows how to cook different types of meal very well.

More and more singles, working parents and elderly people are demanding greater convenience when it comes to buying their meals. Shifting demographics and changing lifestyles are driving the surge in food-service businesses. Busy consumers don't have the time or inclination to cook.

Your restaurant business can get bigger than the Nigerian Nkoyo. Nkoyo Inc is a restaurant chain with food from different parts of the world. Nkoyo specialises in creating hearty Nigerian meals. Masala Wahala focuses on beautiful flavours from South India and Argungu is all about Seafood. What do you feel like eating today? Efo riro? Lamb Curry or Fish & Chips? Whatever your choice is, they've got you covered.

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