Having set up my own restaurant from scratch and with little help around me, I want to share what I have learnt with future business owners like you. It was not an easy journey but it was one worth taking. These 10 steps will give you a comprehensive overview of the technicalities of setting up a restaurant in Singapore.
1. If You Fail To Plan, You Plan To Fail
Although this may all be ideals at this point of your operation, having a foundation for your standards and goals is important so that you can build upon it once your business is up and running.
2. Raise That Capital
You can choose to get support from the government since you are setting up a SME with their multiple grants which you can check out at this You can also choose to take a personal loan as well and check out for personal loans with the lowest possible rates.
3. Register With Your Local Government
Having trouble registering? Don’t hesitate to drop ACRA a call at +65 6248 6028.
4. Find Your Prime Location
Set up location in a neighbourhood you like and a neighbourhood you feel your restaurant can contribute to. This can be done through engaging with real estate agents that will consider all your preferences such as electrical requirements and how big you need the place to be.
5. Transform It Into The Restaurant of Your Dreams
Don’t stinge on this aspect of setting up your restaurant because it is the first thing that customers will see when they step in. No matter how good your food is, if the interior design of your restaurant is lackluster, the customer is less likely to come back.
6. More Nitty-Gritty Details
- Food Shop License
- Basic Food Hygiene Course
- Importing Foods
- Liquor License
- Halal License
7. Don’t Forget Your Kitchen Equipment
8. Get Your Team On Board!
9. Celebrate Your Opening!
Actionable Takeaway:Opening a restaurant takes a lot – but it does not have to be a daunting process. Also make sure that you have sufficient time and money to dedicate to this venture because half-hearted effort and cutting corners will not do you or your pocket any good in the long run.