The 2022 KRG Hospitality Start-Up Guide
by David Klemt
The 2022 KRG Hospitality Restaurant Start-Up Cost Guide & Checklist is here!
If you’ve been putting off opening your restaurant concept, wait no longer. With our guide and checklist, you can make the best, informed decisions to open in 2022.
Yes, opening a restaurant seems daunting in 2022. However, industry intelligence firms such as Technomic have predicted measurable recovery this year in comparison to 2021.
Waiting for the time to be “just right” to open a restaurant just isn’t realistic. The longer one waits to make their move, the further ahead established and new operators can get ahead. Your desired location can be snapped up, competitors can build loyal customer bases, and things get more difficult overall.
That said, that doesn’t mean you should throw caution to the wind. We certainly don’t believe rushing into anything is a good idea. If anything, rushing rather than making informed, deliberate decisions is the antithesis of strategic.
So, what’s the desired middle ground between haphazard and hesitancy? Nimble and informed.
Our 2022 Restaurant Start-Up Cost Guide & Checklist provides useful financial information based on real-world scenarios. This will give you a realistic idea of how much start-up capital you’ll need to realize your entrepreneurial dreams this year.
What can you expect in our latest download? Take a look below.
This is no three- or four-page quick-hit guide. Rather, the 2022 KRG Hospitality Restaurant Start-Up Cost Guide is 33 pages of real-world tips and data:
- Start-up costs
- Renovation costs
- Scaled costs (four concept scenarios)
- Restaurant operating guide
Due to the tremendous job scope—in addition to the planning, organization, and communication requirements to start a successful restaurant—we highly recommend working with a team of professionals to save time and financial resources.
Below you’ll find a handful of the 500 unique tasks crucial to opening a restaurant.
Planning and Admin
- complete feasibility study;
- develop concept and brand; and
- complete strategic business plan.
You’ll need to secure:
- an accountant;
- a real estate agent/broker; and
- a project manager.
The first steps are all crucial to the timeline:
- Secure property of choice;
- Sign commercial lease; and
- Submit drawings.
Examples of the hundreds of tasks you must complete include:
- a kitchen workflow plan;
- bar and takeout workflow; and
- developing a recipe books for the kitchen and bar.
Again, these are just a handful of the 500 unique tasks you’ll complete to start your restaurant.
Download our 2022 Restaurant Start-Up Cost Guide & Checklist to start your journey today.
Image: KRG Hospitality