{"id":19653,"date":"2021-06-14T07:38:30","date_gmt":"2021-06-14T07:38:30","guid":{"rendered":"https:\/\/www.raqtan.com\/?p=19653"},"modified":"2021-06-27T06:55:19","modified_gmt":"2021-06-27T06:55:19","slug":"how-to-do-a-restaurant-feasibility-study","status":"publish","type":"post","link":"https:\/\/www.raqtan.com\/en\/how-to-do-a-restaurant-feasibility-study\/","title":{"rendered":"How to do a Restaurant Feasibility Study"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19653\" class=\"elementor elementor-19653 elementor-19741\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-21576200 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"21576200\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-2a6b31d2\" data-id=\"2a6b31d2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a4c3a21 table-content-custom elementor-widget elementor-widget-table-of-contents\" data-id=\"4a4c3a21\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;headings_by_tags&quot;:[&quot;h1&quot;,&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;,&quot;h6&quot;],&quot;marker_view&quot;:&quot;numbers&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-toc__4a4c3a21\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-4e395b74\" data-id=\"4e395b74\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a35ce4c before-border-h elementor-widget elementor-widget-heading\" data-id=\"5a35ce4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Idea in a Nutshell <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-30df90ea elementor-widget elementor-widget-text-editor\" data-id=\"30df90ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Looking to conduct a feasibility analysis on a new restaurant? If your goal is to set up a new restaurant (fast food restaurant, pizzeria, cafeteria or fine dining) your organisation will need a feasibility study to draw investors.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70ca1faa elementor-widget elementor-widget-text-editor\" data-id=\"70ca1faa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Have you heard of feasibility studies? Feasibility studies exist in all businesses. A feasibility study for your new restaurant is something that, you as a restaurant entrepreneur, can conduct yourself without paying for a professional.\u00a0<\/p><p>You can take your feasibility study in one of two ways. You can create it in the spirit of independence and, if your findings say there is no business case for your new restaurant, then you can decide to not go ahead. Or you can write your feasibility study as a marketing document, designed purely to give your business idea the best practical showcase.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d1e0ac before-border-h elementor-widget elementor-widget-heading\" data-id=\"2d1e0ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">What is a restaurant feasibility study?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48c2bf7 elementor-widget elementor-widget-text-editor\" data-id=\"48c2bf7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Essentially, a restaurant feasibility study is a document that can set you on your first big step towards owning and running a restaurant in the GCC.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49ed5c37 before-border-h elementor-widget elementor-widget-heading\" data-id=\"49ed5c37\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-xl\">What is the purpose of a restaurant feasibility study?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7909e71f elementor-widget elementor-widget-text-editor\" data-id=\"7909e71f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The feasibility study has one goal: to prove that your new business can work.<\/p><p>Your restaurant feasibility study sets out to answer one question:<\/p><p><i>Is it feasible (practically possible) to run my new restaurant business in the way planned?<\/i><\/p><p><i>What does my restaurant feasibility study boil down to?<\/i><\/p><p>The figures. This is principally a financial document.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44c06f1 before-border-h elementor-widget elementor-widget-heading\" data-id=\"44c06f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-xl\">Who is my restaurant feasibility study aimed at?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2039a15 elementor-widget elementor-widget-text-editor\" data-id=\"2039a15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Your feasibility study is aimed squarely at potential investors in your business. Your objective is to prove that is worth their while investing in your new restaurant.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07c6a6c before-border-h elementor-widget elementor-widget-heading\" data-id=\"07c6a6c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-xl\">What is the difference between a restaurant feasibility study and restaurant business plan?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-799c2533 elementor-widget elementor-widget-text-editor\" data-id=\"799c2533\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This is a good question. That\u2019s because part of your restaurant business plan should include a feasibility study of some kind. The reality is, you can use both in the vital early stages of developing your business. You can use material from your feasibility study in your business plan.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58ca5bb7 elementor-blockquote--skin-boxed elementor-blockquote--align-center elementor-blockquote--button-skin-link elementor-blockquote--button-view-icon-text elementor-widget elementor-widget-blockquote\" data-id=\"58ca5bb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tEssentially, a restaurant feasibility study is a document that can set you on your first big step towards owning and running a restaurant in the GCC.\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">@raqtan<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=Essentially%2C+a+restaurant+feasibility+study+is+a+document+that+can+set+you+on+your+first+big+step+towards+owning+and+running+a+restaurant+in+the+GCC.+%E2%80%94+%40raqtan&amp;url=https%3A%2F%2Fwww.raqtan.com%2Fen%2F%2Fen%2Fhow-to-do-a-restaurant-feasibility-study%2F&amp;via=raqtan\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-twitter\"><\/i>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Share this quote<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d17faec before-border-h elementor-widget elementor-widget-heading\" data-id=\"d17faec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-xl\">Restaurant feasibility study: sections<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a904ae4 elementor-widget elementor-widget-text-editor\" data-id=\"7a904ae4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You can structure your restaurant feasibility study how you please. But we recommend that you consider the following sections; only leave sections out if there is a special reason to do so.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdd8ebc before-border-h elementor-widget elementor-widget-heading\" data-id=\"bdd8ebc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Executive Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c30a8b7 elementor-widget elementor-widget-text-editor\" data-id=\"6c30a8b7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This is the key section of your study. Make it as short as possible. However long you choose to have it, be sure to have a single first page of key bullet points. You need to summarise each of the points your study goes on to make in the following sections:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4f57c2 before-border-h elementor-widget elementor-widget-heading\" data-id=\"b4f57c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Market Analysis\/Overview<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d6b1504 elementor-widget elementor-widget-text-editor\" data-id=\"1d6b1504\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You need to show here that you have fully scoped out the market for your restaurant.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28dc530 elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"28dc530\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Competition: if you are a bricks-and-mortar business, that means knowing which other similar restaurants in the area. If you are an internet-only restaurant business, you need to map out your internet competition. Ideally, you want to be the only business around in your specialty. But, if your business has many similar competitors, you need to show in this section that your business has stand-out value.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Trends: Use statistics to highlight market trends that your business can take advantage of. In the big picture, for example, healthy food is increasingly big business in the GCC restaurant sector. If your food offering ties in with this, investors will be impressed - so point it out!<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Customers and demographics: What age and income band describes the people who live in your planned restaurant\u2019s area of business? You need to show that you have the right business for the right area. If you are in a rich area, for example, then that would support fine\/gourmet dining. If you are in a less economically-mobile area, then maybe a less economically-demanding restaurant model would be appropriate.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c023b7 before-border-h elementor-widget elementor-widget-heading\" data-id=\"8c023b7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Business Explanation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8a45ea elementor-widget elementor-widget-text-editor\" data-id=\"c8a45ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>This section is where you can really get into the strengths of your new business. You need to explain the concept of your restaurant, the specific cuisine you are focussing on &#8211; as well show what you personally are bringing to the business in the way of expertise and experience.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-595e581 before-border-h elementor-widget elementor-widget-heading\" data-id=\"595e581\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Finances<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec81a04 elementor-widget elementor-widget-text-editor\" data-id=\"ec81a04\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Here\u2019s where you need to get your facts straight! Potential investors will need to be impressed in this section.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-917b228 before-border-h elementor-widget elementor-widget-heading\" data-id=\"917b228\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">ROI (Return on Investment) projection<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e14d19 elementor-widget elementor-widget-text-editor\" data-id=\"3e14d19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Create a simple table which shows how much money investors can expect to make on their initial investment. In one column, you can show sample amounts of investment (from small to large). In the next column, you can show the projected total return an investor can expect to receive. In a third column, show what percentage return this comprises.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6593d9a before-border-h elementor-widget elementor-widget-heading\" data-id=\"6593d9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Break-even projection<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29c87e14 custom-list-blog elementor-widget elementor-widget-text-editor\" data-id=\"29c87e14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When will your business break even? When can investors expect to start receiving their Return on Investment? Here is the place to put down firm dates.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b5965c before-border-h elementor-widget elementor-widget-heading\" data-id=\"5b5965c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Startup costs projection<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd83bb7 elementor-widget elementor-widget-text-editor\" data-id=\"fd83bb7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Supply a single figure showing how much it is going to cost to start the business. Then break down this figure into individual costs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-756c787 before-border-h elementor-widget elementor-widget-heading\" data-id=\"756c787\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Ongoing costs projection<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4da7d53d elementor-widget elementor-widget-text-editor\" data-id=\"4da7d53d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>How much does it cost to run your restaurant over one month? Tot up every single cost.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3acca88 before-border-h elementor-widget elementor-widget-heading\" data-id=\"3acca88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Location<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-246eb0e8 elementor-widget elementor-widget-text-editor\" data-id=\"246eb0e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The big one! If your restaurant has a great location, you are halfway there to a successful business. Investors will be delighted if you can show &#8211; with clear maps and photographs &#8211; that your business is in an area of high footfall.\u00a0<\/p><p>One way to make this section very convincing is to conduct your own research on footfall around your proposed restaurant location. That means literally sitting there all day and into the night and counting how many possible customers walk past. Do this for a week, and take an average footfall count per hour throughout the day.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2554a57 before-border-h elementor-widget elementor-widget-heading\" data-id=\"2554a57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Other sections<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b476290 elementor-widget elementor-widget-text-editor\" data-id=\"2b476290\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The advantage of a feasibility study is that you, the new restaurateur, get to decide how it fits together. Feel free to add other sections to your document as you see fit &#8211; but don\u2019t get bogged down in too much detail. You might, for example, have a great marketing plan that you see as a key aspect of your business\u2019s success in the future. Be sure to outline the strengths of this plan, but don\u2019t go into the details (you can do that in your business plan).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07ed9e0 before-border-h elementor-widget elementor-widget-heading\" data-id=\"07ed9e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1786b88f elementor-widget elementor-widget-text-editor\" data-id=\"1786b88f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Summarise your argument and leave investors with a single sentence to get them thinking! Say something tantalising that will make potential investors want to consider your project for fear of missing out. You\u2019ve provided all the facts and figures &#8211; in this concluding section, it is time to make an appeal from the heart. If you want, deliver a short personal message.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c19ac46 before-border-h elementor-widget elementor-widget-heading\" data-id=\"c19ac46\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-xl\">Get some professional help with drafting your feasibility study<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1620ce39 elementor-widget elementor-widget-text-editor\" data-id=\"1620ce39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The principle of a feasibility study is easy to understand: we are just trying to show, as simply as we can, that our plan for our business is viable. But ultimately the feasibility study is a document; and, as a restauranteur, maybe documents are not your thing? If so, don\u2019t worry. There are plenty of consultants in restaurant development who can pass on valuable experience.<\/p><p>A key tip when preparing your study is to use plenty of visuals. That means maps, photographs and charts. This material will make your study accessible and authoritative.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0396da elementor-widget elementor-widget-text-editor\" data-id=\"d0396da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Thank you for reading Raqtan\u2019s guide to creating your own feasibility study for your new restaurant.<\/p><p>Producing documentation to support your business development can sometimes be stressful. As restaurateurs, we are not accountants or lawyers! So relax and keep it simple. Be reassured that if your business does have a great future, plenty of investors will see that. Some might not. Prove them wrong!<\/p><p>Remember: the key thing about your feasibility study is to keep it short and impactful. Potential investors do not want to sit down and read a book about your business. They want a few pages of bullet points and tables they can skim over and get a quick idea of your business. They will then, if the feasibility study is good, want to ask questions. With another layer of financial and operational detail prepared, be ready for follow-up questions!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed1f722 elementor-widget elementor-widget-shortcode\" data-id=\"ed1f722\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<div data-elementor-type=\"section\" data-elementor-id=\"11531\" class=\"elementor elementor-11531\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-732d82ed elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"732d82ed\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18ad18bb\" data-id=\"18ad18bb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ac6658a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ac6658a\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6d1c432\" data-id=\"6d1c432\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1af5d886 elementor-headline--style-rotate p-mb-cus elementor-widget elementor-widget-animated-headline\" data-id=\"1af5d886\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headline_style&quot;:&quot;rotate&quot;,&quot;animation_type&quot;:&quot;drop-in&quot;,&quot;rotating_text&quot;:&quot;Restaurant\\nFood Truck\\nCoffeeshop\\nPizzeria&quot;,&quot;loop&quot;:&quot;yes&quot;,&quot;rotate_iteration_delay&quot;:2500}\" data-widget_type=\"animated-headline.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"elementor-headline elementor-headline-animation-type-drop-in\">\n\t\t\t\t<span class=\"elementor-headline-dynamic-wrapper elementor-headline-text-wrapper\">\n\t\t\t\t\t<span class=\"elementor-headline-dynamic-text elementor-headline-text-active\">\n\t\t\t\tRestaurant\t\t\t<\/span>\n\t\t\t\t\t<span class=\"elementor-headline-dynamic-text\">\n\t\t\t\tFood&nbsp;Truck\t\t\t<\/span>\n\t\t\t\t\t<span class=\"elementor-headline-dynamic-text\">\n\t\t\t\tCoffeeshop\t\t\t<\/span>\n\t\t\t\t\t<span class=\"elementor-headline-dynamic-text\">\n\t\t\t\tPizzeria\t\t\t<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5af9389 p-mb-cus elementor-widget elementor-widget-heading\" data-id=\"5af9389\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Do you plan your own business?<br>Evaluate the cost now!\u200b<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e9a61e elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6e9a61e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-lg elementor-animation-grow\" href=\"https:\/\/solutions.raqtan.com\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Start now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t <\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-10fcde83\" data-id=\"10fcde83\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2f5dbb25 new-letter-wrapper elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f5dbb25\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-74f9c5ec\" data-id=\"74f9c5ec\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61ce4cce elementor-widget elementor-widget-image\" data-id=\"61ce4cce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"76\" height=\"78\" src=\"https:\/\/www.raqtan.com\/wp-content\/uploads\/2020\/07\/newsletter.png\" class=\"attachment-large size-large wp-image-11570\" alt=\"\" srcset=\"https:\/\/www.raqtan.com\/wp-content\/uploads\/2020\/07\/newsletter.png 76w, https:\/\/www.raqtan.com\/wp-content\/uploads\/2020\/07\/newsletter-24x24.png 24w, https:\/\/www.raqtan.com\/wp-content\/uploads\/2020\/07\/newsletter-36x36.png 36w, https:\/\/www.raqtan.com\/wp-content\/uploads\/2020\/07\/newsletter-48x48.png 48w\" sizes=\"(max-width: 76px) 100vw, 76px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a4006c6 mg-0 elementor-widget elementor-widget-heading\" data-id=\"4a4006c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Newsletter<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-682a5fe5 mg-0 elementor-widget elementor-widget-heading\" data-id=\"682a5fe5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Don\u2019t Miss<br> The News<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79d55c5 elementor-widget 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class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Share this article:<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7396fb3a elementor-widget elementor-widget-html\" data-id=\"7396fb3a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"sharethis-inline-share-buttons\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Idea in a Nutshell Looking to conduct a feasibility analysis on a new restaurant? If your goal is to set up a new restaurant (fast food restaurant, pizzeria, cafeteria or fine dining) your organisation will need a feasibility study to draw investors. Have you heard of feasibility studies? Feasibility studies exist in all businesses. A &#8230; <a title=\"How to do a Restaurant Feasibility Study\" class=\"read-more\" href=\"https:\/\/www.raqtan.com\/en\/how-to-do-a-restaurant-feasibility-study\/\">Read more<\/a><\/p>\n","protected":false},"author":13,"featured_media":19994,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"__cvm_playback_settings":[],"__cvm_video_id":"","generate_page_header":"","footnotes":""},"categories":[80],"tags":[161],"class_list":["post-19653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-restaurant-feasibility-study"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to do a Restaurant Feasibility Study - Raqtan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.raqtan.com\/en\/how-to-do-a-restaurant-feasibility-study\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to do a Restaurant Feasibility Study - Raqtan\" \/>\n<meta property=\"og:description\" content=\"Idea in a Nutshell Looking to conduct a feasibility analysis on a new restaurant? 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