Top Business Ideas For Restaurant: Getting a restaurant off the ground takes more than just opening the doors and watching the money roll in. You need to develop a business idea that’s unique, profitable, and well-researched—and often you have to fight just to get your restaurant built in the first place!
Top Business Ideas For Restaurant
But some restaurants have it even harder: they may be located in a small town that doesn’t attract many diners, or they may simply not be very good at coming up with innovative ways to market themselves and find new customers.
1) Duck Donuts
If you’re looking for a fun business idea, consider opening a Duck Donuts. Duck Donuts is an established franchise chain with several locations throughout North Carolina and growing. While most restaurants have to deal with long lines outside of their doors in order to get people in, a donut shop doesn’t need that—donuts are already everyone’s favorite breakfast (or any time) treat.
And while franchises like Five Guys Burgers and Fries rely on consistency, donut shops also benefit from being able to draw crowds of customers who come specifically for seasonal flavors that can only be found at one time of year or another—more so than even regular menu items.
2) Busby’s West
Instead of just serving a selection of beer and wine, Busby’s West opened with an emphasis on craft cocktails. The approach resulted in significantly higher margins compared to restaurants that serve mixed drinks. While some purists were put off by slightly altered versions of classics like Old Fashioneds, others have embraced Busby’s unique approach and have even gone so far as to travel from other cities just to get their fix.
The innovation at Busby’s has paid off: Even though it only launched a little over a year ago, it’s already one of DFW’s most popular destination restaurants. A secret speakeasy-style bar within Busby’s called Mr. B’s is where you can find all of its best-selling concoctions. If you’re interested in starting your own restaurant business, consider opening a place that specializes in something people love but no one else is doing.
This gives you an opportunity to stand out from competitors and carve out your own niche within your industry. For example, if there are plenty of coffee shops in your area but none offer live music, maybe try starting a cafe/bar hybrid where bands play sets between brunch service and dinner service. There are endless ways to differentiate yourself—you just need to think outside the box!
3) Las Olas
Las Olas is a restaurant with two locations: one in Calgary and one in Halifax. In addition to selling tacos, quesadillas, burritos, and salads (all made from scratch), Las Olas provides work for people who need it. An integrated initiative called Meals on Wheels is where Las Olas actually serves food to local seniors as well as volunteers for their community service.
This ensures that everyone benefits from their business idea. It’s clear that when you visit a Las Olas restaurant, your satisfaction doesn’t end at the plate—the food served there means much more than just another meal! For example, they’re helping put locals back to work while feeding those in need.
4) Burger King
Who says you need to be a sandwich shop or a five-star restaurant to succeed? Burger King has become one of America’s most successful brands by offering an affordable and convenient alternative to traditional fast food. The combination of low prices, quick service, and delicious food is hard to beat for convenience.
Once you arrive at BK, you can usually get in and out quickly—and at that price point, who cares if you don’t order something fancy? Use your business idea as inspiration to think big: do something other companies aren’t doing (yet) and make sure it matches your brand identity.
5) In-N-Out Burger
In-N-Out Burger is a must for anyone who likes delicious food. All of their burgers are made with fresh ingredients, and all of their shakes are thick and creamy, just like they should be. If you’re looking for something a little more exotic than a burger and fries, try their secret menu items—the 4×4 or Protein Style fries, where you get an entire meal wrapped in lettuce instead of a bun. Need some good old-fashioned comfort food? Try an animal-style double-double with fries on the side. You won’t regret it!
Milwaukee Magazine (2012) A business plan will help to develop your ideas by organizing them into a realistic action plan that describes how your business will make money. A business plan has five key elements: mission statement, industry analysis, market analysis, sales strategy, Top Business Ideas For restaurants, and financials. It’s also important to remember that even if you don’t have funding yet, writing a business plan will help keep your company organized from day one.
When writing your business plan remember to focus on what’s really important – what impact do you want to make? What kind of world do you want to live in? Who will work for/with you and why would they choose to join your team? What makes you unique compared to other companies in your industry?
6) Cracker Barrel
Cracker Barrel took some time off, but it’s back with a bang. Founded in 1969, it did more than $3 billion in sales last year. Cracker Barrel is best known for its old-fashioned comfort food, but now it’s looking to innovate by taking advantage of what Americans love about eating out these days: customization and fast service.
The company has created 3 customizable Make Your Own Combos options on its menu that let customers choose among different items at different price points—and they can do all of that ordering right from their table. It also recently rolled out an online ordering feature where customers can place and pay for orders ahead of time, as well as pick up when they want—no waiting in line necessary.
7) Cheers Boston
This restaurant has long been a local favorite, with many first dates happening over plates of New England seafood and Boston cream pie. Cheers’ Boston’s best business idea is its catering service. The fresh ingredients are perfect for getting together with friends to host an outdoor picnic or tailgate party before a big game. Top Business Ideas For Restaurants There are few things in life more satisfying than sitting down on a blanket during warm weather to feast on lobster rolls and pulled pork sandwiches.
And crisp green salads while watching a Boston Red Sox game or fireworks. And then you still have leftovers! In fact, Cheers’ catering business is so popular that it accounted for $1 million in sales last year. That’s no small feat when you consider that each event requires 30 hours of prep time from Cheers staff members. That’s dedication!
8) Bojangles’s Famous Chicken ‘n Biscuits
Bojangles’s Famous Chicken ‘n Biscuits is one of America’s top restaurant chains, with more than 650 locations in 10 states. The original Bojangles’s was opened in Charlotte, North Carolina, in 1977 and specializes in slow-cooked Louisiana-style fried chicken and hand-crafted buttermilk biscuits.
They also serve a variety of delectable sandwiches. With fast and friendly service at every location, there’s no reason not to stop by for some delicious food next time you’re near Bojangles’s! As far as restaurant business ideas go, it doesn’t get much better than Bojangles’s. Top Business Ideas For Restaurant This brand has taken off like wildfire since its humble beginnings and shows no signs of slowing down anytime soon.
What can we learn from their success? Simple: Their food tastes great and they offer something different from most other restaurants on their level. Top Business Ideas For Restaurant, You don’t have to be famous or have celebrity investors (like Oprah Winfrey) to make it big in business—you just need a good product that fills an unmet need for your customers.
Before you open your own restaurant business, think about how much money you can afford to lose if things don’t work out right away.
9) L.A. Burdick Chocolate Café & Restaurant
An old-fashioned, 19th century-style chocolate café and restaurant with handmade chocolates and rich desserts. The L.A. Burdick Chocolate Café & Restaurant is a real place that’s definitely worth a visit if you’re looking for some good chocolates to indulge in!
They even have a cocoa butter lip balm that they make from scratch to go along with their homemade marshmallows! Sounds delicious, right? And while it may not be one of those cheap places to eat when you want to grab something quick on your lunch break, it’s still reasonably priced compared to most restaurants.
For example, $8 will get you a single dessert—and believe me when I say it’s more than enough for one person! This business idea can easily be replicated as well: any town or city has plenty of cafeś where people can stop by after work or on weekends for something sweet. Top Business Ideas For Restaurant Plus, because everyone loves dessert (who doesn’t?), there are few things more recession-proof than running a small café serving freshly made treats.
They may have gotten their start as a frozen custard company, but Culver’s has managed to turn that into a highly successful and rapidly growing franchise. Since 1998, Top Business Ideas For Restaurant Culver’s restaurants have increased from just five locations to more than 700. The freshness of their products is due in part to Culver’s drive-thru service where customers can watch workers prepare food from start to finish.
Culver’s also offers casseroles, sides, and salads which make it easy for customers to dine with them even on busy days when they’re pressed for time. In addition, Culver’s employees are paid hourly instead of tipped; an unusual practice in the fast-food world.
No matter what type of restaurant you have, you need to be focused on three critical areas: customers, employees, and your finances. If any one of these areas is off-kilter, it can spell disaster for your restaurant. Top Business Ideas For Restaurant, If a customer goes into a restaurant and isn’t pleased with the service or quality of food, they’re not going to come back—and they probably won’t recommend your place to anyone else either.
The way you get better at attracting loyal customers is through careful analysis of how they react when they dine at your place. What did they like? What didn’t they like? How can you adjust your business accordingly? Are people really lining up out front?