Malaysia is a melting pot of cultures, especially when it comes to food. The local culinary talents are a dime a dozen, where many dream of opening their own restaurant. With that said, building a restaurant is no easy task.
As eating-out in Malaysia is a common thing, customers are easy to come by – and that means secure revenue. The right restaurant in the right location has a high chance of generating large profits.
A business plan is the foundation of any enterprise. A careful analysis will help steer your restaurant on a successful path, ensuring a good return on your investment. If you are thinking of starting a restaurant, café or any sort of F&B outlet in Malaysia, here are a few key aspects you should have a clear vision about.
Every business starts with an idea. Coming up with the concept is generally the most fun part of starting a restaurant. However, the fun ends when you need to consider more practical things, like your investment capital, financial aids, expected profits and marketing plans. While not as fun as designing your menu, these aspects are crucial to minimize the risk of failure.