restaurant business plan in nigeria pdf

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Restaurant Business Plan In Nigeria (2024 DOC)

Restaurant Business Plan In Nigeria (2024 Sample) | How To Start Fast Food Business

One of the most essential commodity in a home around the world today is food, starting from the raw food, meat food, can food, vegetable food and every other kind of food you can possibly think of.

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This is because; we are sustained by our daily intake of food (meals) of all kinds. Food is relative to different kind of people, there are those who prefer meat meals to vegetable meals, others would prefer the one they drink, in all they are after their satisfaction as a result of the food intake.

In Nigeria today, food has gone beyond the daily meals people eat at home and set off to work. In fact most people consider venturing into food vending as one of the most lucrative business today, considering the number of people who patronize food hawkers also known as mobile food sellers. There is this adage in Nigeria that says “ In Nigeria everybody is in a hurry, both traders and customers ”, for this reason most Nigerians today tend to leave their home without having to eat anything, and that is where the business opportunity for selling comes in.

As a student in Ebonyi state University, Abakaliki, there was this woman we often buy rice and beans from every morning, it was actually a routine for us, I never really thought of the business side of what this woman was doing, all we needed was to feed and go to school, because we were always in hurry, the day she told us how much she earns on a daily from her food hawking, we were all in shock. And this was a woman who didn’t even know the fundamentals of running a successful restaurant using a business plan.

To get the full business plan on the Restaurant Business Plan In Nigeria + feasibility study, pay N10,000 to

GTBank (Guaranty Trust Bank)

Account Name – Okite Joseph ikenna

Account No – 0044083736

Once payment is made for the Restaurant Business Plan In Nigeria Feasibility Studies PDF File, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.

Imagine if you decide to start up your own food joint, using one of our Restaurant Business Plan In Nigeria, the success reports you will be recording. You may be discouraged by others that fast food business crumbles easily due to the fact that most people eat at home before coming out, and as a result you may have low sales which will eventually crumble your business. I believe you must have observed that most restaurants that are strategically located in your town attracts the most customers, despite the insinuation that most people eat at home before coming out, customers still troop to these restaurants just to feed.

The Restaurant Business Plan In Nigeria will help you in outlining how you can set up your own fast food restaurant. The question is having the interest in starting your own restaurant business, or having the habit of always cooking , not just for your consumption but for the people around, it even gets better if you enjoy every bit of your cooking activity. Some actually go for training to become qualified chefs, this tells of how huge restaurant business can be if properly managed.

What You Can Use Your Restaurant Business Plan In Nigeria For;

With the Restaurant Business Plan In Nigeria which can also serve as a Fast Food Feasibility Studies, as an entrepreneur, you can use this document for various purpose, especially, the purpose of sourcing fund to start up your fast food business using the fast food restaurant business plan sample.

BANK LOANS – You stand a chance of getting a bank loan using this well written business plan , banks want to be convinced that they are giving their money to a customer who has potential of repaying, hence with a well written fast food restaurants business plan , you may be considered as a reliable loan applicant.

GRANTS – Applying for grants from government has been made easier and accessible, especially if done with a doc that will convince those issuing the grants, of cause you must be qualified before you are issued with the grant.

PROPOSAL – You can use the restaurant feasibility study sample PDF to apply for a proposal, especially in situations where you can obtain fund for your restaurant business, this is because the information contained in this restaurant business plan document are well articulated, you stand a better chance going with this feasibility study.

Seminar presentation – You can use information from this business plan to form the basis of your seminar research, since the information contained in it came from a rigorous research work.

COMPETITIONS – You can go for competition where you win a prize or scholarship, especially one for entrepreneurs to commence their journey in business. You stand a chance of winning given the information at your disposal.

Nigeria today has a whole lots of opportunities, especially for the business minded ones, and for those who decides to venture in to the fast food industry also known as restaurant business are guaranteed with diligence and discipline, the stand a chance of earning what they have invested.

Generally, the fast food industry is growing, owing to the high demand in already made food by those from all categories of people in the society. You will agree with me that fast food accommodate both the old and the young, the rich and the poor, as long as you are able to foot your bills, you are welcome to buy.

As stated earlier, a great amount of care and caution has to be applied in the running of the restaurant business, you surely do not want to waste your investment, hence the importance in getting a restaurant business plan + feasibility study that best explains to you what you need to be doing at every time.

Importance Of Restaurant Business Plan In Nigeria

In all fairness, you need a well detailed business plan + feasibility study in order to run restaurant business in Nigeria, irrespective of the type of restaurant you have in mind, as long as money will be invested into the venture, it will be advisable you professionally plan how to go about the business using a laid out business plan with detailed information on the business. Here are the reason you need a business plan for your fast food venture;

It helps you to plan for the things you need before kick starting your business
Your plan tells of what services you have to offer
It should also contain the number of staff to hire
A business plan should also have detailed description of staff uniforms and dress code

Note!! To get the full business plan on the Restaurant Business Plan In Nigeria + feasibility study, pay N10,000 to

This is what Restaurant Business Plan In Nigeria looks like;

Table of content

Executive Summary

Business Description
Products and services
Market Analysis
Competitor Analysis
Sales and Marketing Plan
Operational Plan
Management plan
Financial Plan and Projections

This is an overview of the proposed standardized fast-food restaurant which will be named after whatsoever you wish, also outline the categories of people, residents as well as customers that your local delicacies or other delicacies may serve, they have meet the requirement as well as be in a classy environment . Get a catchy name for your Kitchens, distribute fliers with your address boldly written on it.

The Business

The business should be established as a limited liability company owned by you as well as other investors who may have contributed to the capital. Outline the persons who are to manage as well as oversee the business, it is important a first class chef with wealth of experience and expertise is allowed to manage the restaurant, except you fit into the description of a first class chef. This gives you an edge to be able to compete with the like of other top hotels as well as restaurant.

Products and Services

Great restaurants are known for their irresistible menu, especially when it has long list of mouth-watering selection of local as well as other delicacies, such as

Egusi Soup,
Pepper-soup,
Vegetable soup,
Pounded yam,
fried rice, etc.

The aforementioned will be served with a variety of meat offerings ranging from roundabout to pomo to raw beef. Tasty fried chicken, turkey, assorted fish types and recipes will not be left out.

Also make provision for point and kill services to customers who may prefer to just come in, relax, watch television and eat our greatly-demanded super-tasty smoked fish offerings.

Nigeria, no doubt, is both Africa’s most populated country and its largest economy but also its most important consumer of food products. The size of the food and beverage industry in Nigeria according to IMF is valued at 800 billion Naira with an estimated 40% growth expected in 2016 alone.

Being the business capital of Nigeria and its second most populous state, Lagos state boasts of over 30 million residents and a food and beverage industry valued at 100 billion. Experts also believe that this market will witness a 45% growth in 2016 alone.

The Ogudu area of Lagos has in recent times begun to capture the interest of greater Lagos residents. This is because this once sleepy and relatively quiet business and residential community has attracted in recent times the interest and investments (in real estate) of Lagos’ many high and mighty. With its over 100,000 population made up of residents, workers and visitors, Ogudu area provides any good classy restaurant worth its onions the right kind of demography on which successful businesses thrive. It is therefore no surprise that Big Bite, Mr Bigg’s, Tantalizers, Margretos and a host of others found a conducive business nest in which to lay their proverbial eggs.

Financial Considerations

Go for a long-term financing to cover start-up costs, equipment, building expenses, and working capital.

Funding for the launch of the business will be provided primarily by equity from the partners and investors.

Our market survey and research shows that restaurant business holds the promise of reaching positive cash flow in its 7th month of operation. The advantage of this, is the provision it makes for accelerated repayment of its loan obligations, as well as for dividends to be paid to the owners.

Revenue is expected to amount to N12,984,326 and profit N3,592,736 in our first year of operation.

Factors To Consider Before Setting Up Your Restaurant

Here are some of the factors most food entrepreneurs over look that makes them fail in the business venturing, carefully go through them and ensure you cross all your T’s and dots all your I’s; see below

Write A Business Plan – We’ve discussed why you need a food business plan sample PDF on this post, some of the things we said you needed to start up your restaurant business should be embedded in the business plan. A business plan helps the entrepreneur to plan for logistics , things that are required for the business to start, on the business plan your master plan on the services to be offered will as well be contained in it, It should as well have information on the number of works you should have and also have detailed description of staff uniforms and dress code, things menu, time of opening and closing business will as well be included etc.

Source For Fund – This relates to those who have built an idea on how they want to start up their own business but have little or no fund, with the business plan you can source for fund to start up your own restaurant business. You can apply for bank loan, especially those soft loan that are issued to start up business, apply for government grants, or you can source your fund from friends and family members.

Register Your Business Name – You must register your business name to be legally recognized, in fact when you register your business name, it becomes an infringement into your right if some other business uses the same name, in essence business registration protects your business from duplicates. In a city like Enugu where they have a whole lot of fast food joints and restaurant, I’ve never seen two fast food joint or two restaurant with the same name, for example you have the following just to mention a few (i) Open Sheraton (ii) Nta’Chi Osa (iii) Odi Oku… etc, all these fast food joints/ restaurant have their unique customers although they relatively have almost the same menu.

Competition – Restaurant business is one of the most competitive business you can ever find today, in order to survive, you need to know who you are competing with. By knowing your competition, it entails you know things like;

Services offered
Number of staff
Administrative/ management sector
Their method of operation… etc

In fact, you are required to know every possible information about your competition in order to compete favorably. You can actually scout these restaurants yourself; this will enable you to have first hand information about them.

Location – Location in business can never be over emphasized, it is important that you carefully select the best spot for your business. Locating your business in the city center can be very strategic, people will get to know you restaurant easily, could be used in description. Other places where you can site your restaurant is at the Mall, serving continental as well as local dishes will make people consider your restaurant a top notch, setting up at the market place or around the market will definitely fetch you a large number of customers. You can take advantage of proper research before setting up.

Staff Employment – The implementation of your business plan is dependent on the capacity of staff you have employed, these days food venture has become a serious venture and some organisation tends to send their staff members to training, while other employ only those certified by an institution, there are institution where individuals are trained for hospitality business. Employing and subsequently training those individuals will greatly benefit your restaurant. In essence, you need qualified hands to handle the following;

Management/ administrative
Cleaning etc.

Buy Equipment – There are items you need to successfully run a restaurant business, these items includes the following,

Cooking equipment (firewood or gas cooker)
Oven and grill equipment
Walk in cooler, freezer or any other cooling equipment
Frying pans, pots, spoons, plates
Take a way plates
Salad and dessert plate (optional)
Chef knifes
Cleaning equipment (buckets, cleaning rags etc)
Hand soap and sanitizer dispenser
Fire extinguishers (for emergency)
Tray pan (for serving)

Note – you can scout for other items not mentioned in the list above, in all you need these items to successfully run a restaurant business.

Other Additional Factors To Consider

Draft Your restaurant menu
Have a reliable list of those that supply items to your Restaurant
Have a financial estimates as well as projections for your business
Invest in good press publicity
Go further by either develop a website or setting up a page on social media that will help in promoting your restaurant
Constantly Re – design your restaurant menu to keep your customers interested
Never relent in the implement of frequent and strategic marketing
From time to time host events
Invent new service and market to your customers
Tell them of your take-out as well as your new service delivery
Engage other restaurant owners in a networking scheme and as well engage your customers.
Involve in customers related competition.

To get the full Restaurant Business Plan In Nigeria | How To Start Fast Food Business + feasibility study, pay N10,000 to

Once payment is made for the Restaurant Business Plan In Nigeria | How To Start Fast Food Business, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549 .

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Restaurant Business Plan PDF Example

February 28, 2024
Business Plan

the business plan template for a restaurant

Creating a comprehensive business plan is crucial for launching and running a successful restaurant. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your restaurant’s identity, navigate the competitive market, and secure funding for growth.

This article not only breaks down the critical components of a restaurant business plan, but also provides an example of a business plan to help you craft your own.

Whether you’re an experienced entrepreneur or new to the food and beverage industry, this guide, complete with a business plan example, lays the groundwork for turning your restaurant concept into reality. Let’s dive in!

Our restaurant business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the restaurant’s operations, marketing strategy , market environment, competitors, management team, and financial forecasts.

Executive Summary : Offers an overview of the restaurant’s business concept, market analysis , management, and financial strategy.
Restaurant & Location: Describes the restaurant’s prime location, size, seating capacity, and distinctive design, emphasizing its appeal to the target demographic.
Supply & Operations: Outlines the supply chain management, focusing on local sourcing and quality ingredients, and details the operational aspects, including kitchen layout, equipment, and front-of-house operations.
Key Stats: Shares industry size , growth trends, and relevant statistics for the full-service restaurant market.
Key Trends: Highlights recent trends affecting the restaurant sector, such as health-conscious dining, sustainability, and technology integration.
Key Competitors : Analyzes the main competitors in the vicinity, showcasing the restaurant’s unique selling proposition in comparison.
SWOT: Strengths, weaknesses, opportunities, and threats analysis.
Marketing Plan : Strategies for promoting the restaurant to maximize visibility and customer engagement.
Timeline : Key milestones and objectives from the initial setup through the launch and operational optimization.
Management: Information on who manages the restaurant and their roles.
Financial Plan: Projects the restaurant’s financial performance, including revenue, profits, and expected expenses, aiming for profitability and sustainable growth.

Restaurant Business Plan

Fully editable 30+ slides Powerpoint presentation business plan template.

Download an expert-built 30+ slides Powerpoint business plan template

Executive Summary

The Executive Summary introduces your restaurant’s business plan, offering a concise overview of your establishment and its offerings. It should detail your market positioning, the variety of cuisines and dining experiences you offer, its location, size, and an outline of day-to-day operations.

This section should also explore how your restaurant will integrate into the local market, including the number of direct competitors within the area, identifying who they are, along with your restaurant’s unique selling points that differentiate it from these competitors.

Furthermore, you should include information about the management and co-founding team, detailing their roles and contributions to the restaurant’s success. Additionally, a summary of your financial projections, including revenue and profits over the next five years, should be presented here to provide a clear picture of your restaurant’s financial plan.

Make sure to cover here _ Business Overview _ Market Overview _ Management Team _ Financial Plan

Restaurant Business Plan executive summary1

Dive deeper into Executive Summary

Business Overview

For a Restaurant, the Business Overview section can be concisely divided into 2 main slides:

Restaurant & Location

Briefly describe the restaurant’s physical environment, emphasizing its design, ambiance, and the overall dining experience it offers to guests. Mention the restaurant’s location, highlighting its accessibility and the convenience it offers to diners, such as proximity to entertainment venues or ease of parking. Explain why this location is advantageous in attracting your target clientele.

Supply & Operations

Detail the range of cuisines and dishes offered, from appetizers and main courses to desserts and specialty beverages. Outline your sourcing strategy, ensuring it reflects a commitment to quality and sustainability, and matches the market you’re targeting.

Highlight any unique culinary techniques, exclusive ingredients, or innovative kitchen technologies that set your restaurant apart. Discuss your operational strategies, including inventory management, supplier relationships, and kitchen workflow, to ensure efficiency and consistency in delivering exceptional dining experiences.

Make sure to cover here _ Restaurant & Location _ Supply & Operations

Market Overview

Industry size & growth.

In the Market Overview of your restaurant business plan, start by examining the size of the restaurant industry and its growth potential. This analysis is crucial for understanding the market’s scope and identifying expansion opportunities.

Key market trends

Proceed to discuss recent market trends , such as the increasing consumer interest in farm-to-table dining, ethnic cuisines, and experiential dining experiences.

For example, highlight the demand for restaurants that offer unique cultural dishes, the growing popularity of health-conscious and dietary-specific menus, and the integration of technology in enhancing the dining experience.

Key competitors

Then, consider the competitive landscape, which includes a range of dining establishments from gourmet fine dining to fast-casual eateries, as well as the rise of food delivery services and meal kits.

For example, emphasize what makes your restaurant distinctive, whether it’s through a unique culinary approach, a niche market focus, or a strong commitment to sustainability and local sourcing.

Make sure to cover here _ Industry size & growth _ Key market trends _ Key competitors

Restaurant Business Plan market overvie1

Dive deeper into Key competitors

First, conduct a SWOT analysis for the restaurant , highlighting Strengths (such as a unique menu and exceptional customer service), Weaknesses (including potential high operational costs or strong competition in the area), Opportunities (for example, a growing interest in diverse cuisines and healthy eating), and Threats (such as economic downturns that may decrease consumer spending on dining out).

Marketing Plan

Next, develop a marketing strategy that outlines how to attract and retain customers through targeted advertising, promotional discounts, an engaging social media presence, food blogger outreach, and community involvement, such as local events or charity sponsorships.

Finally, create a detailed timeline that outlines critical milestones for the restaurant’s opening, marketing campaigns, customer base growth, and expansion objectives, ensuring the business moves forward with clear direction and purpose.

Make sure to cover here _ SWOT _ Marketing Plan _ Timeline

Dive deeper into SWOT

Dive deeper into Marketing Plan

The management section focuses on the restaurant’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the restaurant towards its financial and operational goals.

For your restaurant business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.

Financial Plan

The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your restaurant’s approach to securing funding, managing cash flow, and achieving breakeven.

This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.

For your restaurant business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).

Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds

Restaurant Business Plan financial plan1

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How to Start a Restaurant Business in Nigeria: Complete Guide 2024

October 1, 2023

One of the most lucrative food business ideas in Nigeria is the restaurant business. This business is massively profitable and easy to start especially for those whose hobby is cooking.

The food restaurant business can be started by anyone regardless of location in Nigeria, and it can be started both on a small scale or a large scale depending on how you want to operate.

Starting a food restaurant business is not only great for those who are passionate about cooking, but also for entrepreneurs looking for a source of daily income . While it is easy to get started, you need to know all the steps required to make the business a success.

That is why we’ve come up with the post to show you exactly how to start a restaurant business in Nigeria. That’s not all, but you’ll also discover several different restaurant business ideas you can start, the cost of starting, profits to expect, and so on.

Are you ready for all that? Let’s go then!

Table of Contents

Starting a Restaurant Business in Nigeria

Restaurant business simply means setting up a hygienic place where you’ll be selling all kinds of food. This business is very popular in all parts of the country, as it is fast-moving.

That is because everybody needs food to survive. And an average Nigerian does eat outside in at least a restaurant on a daily basis, as that’s the fastest way to get their belly filled, especially for lunch. This makes the food restaurant business in Nigeria a good source of daily income.

Whether you’re a male or female, you can set up a restaurant anywhere in Nigeria and drive lots of sales. Although setting up a good-looking place for your restaurant is the most popular way people start this business, there are lots of restaurant business ideas in Nigeria. Check them out below.

Related: Most Profitable Food Business Ideas to Start and Make Money in Nigeria

Restaurant Business Ideas in Nigeria

You can start a restaurant business in Nigeria using different approaches including.

Regular Restaurant

Opening a regular restaurant is the most popular of all, and the one that will first come to your mind while looking to start a restaurant business in Nigeria.

This restaurant business idea involves serving already prepared food and drinks to customers. It requires you to set up a good-looking and clean shop, hire staff, and get some expensive materials to get started. As your restaurant becomes popular over time, you’ll start getting lots of sales which means lots of profits.

Cook-On-Demand Restaurant

Cook-on-demand is relatively a new restaurant business idea in Nigeria. This involves taking orders for a specific type of food, preparing it, and getting it delivered to your customers.

This restaurant business idea is starting to gain ground, especially in Lagos, as there are lots of young entrepreneurs starting it up. The profit of a cook-on-demand restaurant is insane, as you can sell a plate of food for 3,000 Naira whereas all it takes you to prepare is just 700 Naira.

This restaurant business model is very easy as it can be started even from the comfort of your kitchen, and it can be started all alone.

Read Also: How to Start a Frozen Food Business in Nigeria with Small Capital

Mama Put Restaurant

Also known as a food canteen, mama put is just like a regular restaurant, although you don’t need to spend much in terms of setting up your shop. In fact, you can run your food canteen all alone by yourself.

This restaurant business idea also involves serving already prepared food. Food kiosks are popular in motor parks and school areas (usually primary and secondary).

Food Truck Restaurant

The food truck business idea is some of the most popular restaurant business ideas in Nigeria, as it is practiced in almost every state and city across the country.

It can also be referred to as a mobile food vending business, as it involves selling already prepared food to customers usually on the street.

This business can be started using a van or trailer, but realistically in Nigeria, it is commonly done using a wheelbarrow. You can often find this type of restaurant at bus stops, in busy areas (e.g Oshodi, Lagos), and marketplaces (e.g Aba market, Abia).

See Also: How to Start a Foodstuff Business and Make Money in Nigeria

Is Restaurant Business Profitable?

Yes, the restaurant business is very profitable in Nigeria, as it is a good source of daily income that could make you tens if not hundreds of thousands of naira every day.

This business is profitable due to the continuous increase in demand for food by many Nigerians. Although the profitability depends on your mode of operation, and also your location.

Of course, you can start a restaurant anywhere in the country, but it is more profitable in areas where foodstuffs are cheap. Also, some restaurant business ideas are more profitable than others.

For example, it could take you tens of sales to make N5000 profits from a mama put restaurant, whereas just two sales could get you such profit starting a cook-on-demand restaurant, or about five sales from a regular restaurant. Although, a regular restaurant and mama put moves faster than cook-on-demand.

Check Out: 33 of The Most Profitable Business in Nigeria Right Now

How Much Does it Cost to Start a Food Restaurant Business in Nigeria?

Restaurant business is very easy to start as it only requires cooking skills. Once you’re a good cook, you can start. However, how much will you need to start?

From buying the materials and equipment needed to get different kinds of foodstuffs and ingredients needed to prepare meals, as well as drinks to be served with meals, there’s a lot of investment to be made upfront to start a restaurant business in Nigeria.

Depending on the restaurant business idea you wish to go with, on a small scale, realistically it would cost you at least 100,000 Naira to start. While on a large scale such as a restaurant, you would need millions of Naira to set up a standard restaurant in Nigeria.

Related: 31 Smart Businesses to Start with 200K and Make Millions in Nigeria

How to Start a Restaurant Business in Nigeria

1. decide on the restaurant business idea to start.

Deciding your mode of operation is the first step in starting a restaurant business in Nigeria. Here, you want to choose whether you’ll be starting as a regular restaurant, a buka, catering, or a cook-on-demand restaurant. Doing this you need to keep in mind the demographics you want to target.

For example, if you’re living in a commerce area where daily business activities go on or an area where schools are, it will be best to settle for a mama-put restaurant or start with a food truck.

With good networking skills, you should be able to run a successful cook-on-demand business. Also make sure that your decision is based on your capital, as the cost of starting a restaurant business may vary based on location and type.

2. Acquire the Needed Skills

After deciding your m9de of operation, the next thing is to acquire the needed skill. Cooking skill is the major skill needed to operate a restaurant business in Nigeria.

However, depending on the type of restaurant you want to start, you may need more skills like networking, marketing, and so on. You can enroll in a catering school to learn how to make food for sale, and also how to set up a restaurant business.

Check Out: How to Start an Egg Supply Business in Nigeria and Make Money

3. Come Up With a Simple Business Plan

Based on your niche or mode of operation, you need to create a realistic business plan to work with. It is not necessary to draft the best business plan in the world, you can just make a simple one, but make sure it’s detailed and on point.

In your business plan, you need to account for both the short-term and long-term goals of your business including growth strategy, and financial projection.

While drafting your business plan, you need to carry out a little competitor research, know where they are lagging, and include the strategies that will help you do better than them.

More so, you need to point out who your customers are, and how to serve them better. Finally, in your business plan, outline a creative team management strategy to get the best out of your employees for the success of the business.

4. Arrange for Startup Capital

To start a restaurant business in Nigeria, you need to invest in a lot of things including the materials and equipment needed, as well as the foodstuff and ingredients required for cooking. Depending on the type of restaurant, you’ll need to account for employees’ salaries. Although this is usually after starting.

While most of the money is needed before starting, you need to find a way of raising the capital for your business. This can be achieved through personal savings, bank loans, loans from friends and family, business partnerships, or seeking venture capitalists.

5. Find a Suitable Location for a Restaurant

Regardless of the type, For a food restaurant business to succeed in Nigeria, you need to be strategic in planning a location for your shop.

You need to keep in mind the type of people in the area, how busy and hygienic the area is, and also watch out for competition. You cannot sit a restaurant in GRA and expect the most sales, as people living in such places are families with housewives who will always prepare food for them.

The best locations for your food restaurant business in Nigeria depend on your mode of operation. For food trucks and mama put, marketplaces and bus stops are ideal, while you can start anywhere offering a cook-on-demand service.

More so, you can sit a regular restaurant on a street. Just make sure it is on the roadside and can be easily located by potential customers.

Related: How to Start Okrika Business in Nigeria

6. Get All The Needed Equipment

The main things you need to start a restaurant business in Nigeria are the required types of equipment (cooking wares), as well as the foodstuffs and ingredients for cooking.

Usually, the equipment is general and they include gas cookers, pots, plates, tables, chairs, and so on. However, when it comes to the foodstuff and ingredients, they are niche specific.

That means the foodstuff and ingredients to arrange for should be based on the type of food you want to be selling. Make sure you buy those ingredients in small quantities as you’re just starting. This is because most foodstuffs and ingredients can’t stay long before they spoil.

7. Register Your Business (If Required)

Although not necessary, if you want to operate a standard restaurant, you’ll need to register your business name with the Corporate Affairs Commission (CAC).

Also, you need to do some research if there’s any association of restaurants or food sellers in your area to join, so as not to get disturbed after getting started.

8. Employ Staff

Even if it is someone that will help you watch plates, you would have to employ workers to help you with some aspects of the business.

In this step, you need to make sure the person you hire understands the business. Also, make sure your employees are able to meet not only your expectations but most importantly treat customers well.

9. Get Started and Get Working

With everything from step one to eight now in place, the next thing is to get started by cooking, packaging, and serving customers. Remember that customers really matter, so make sure you’re offering a satisfactory service.

As part of starting, you’ll need a strategic customer acquisition plan. This can be done by promoting your business and letting people know that there’s a new restaurant in town.

Here are some tips on how to promote your food restaurant in Nigeria.

Brand your business by creating banners to let people know what your business is all about.
Design your shop to describe your business.
Encourage friends, family, and neighbours to help in advertising your business through word of mouth.
Build brand awareness by visiting schools, firms, and even homes in your area and telling them about your business.
For a start, offer discounts, and also make your food look good, tasty, and most importantly, cheaper than your competitors.
Create an online presence for your business.

Equipment needed to start a restaurant in Nigeria

The equipment needed to start a restaurant in Nigeria includes:

Electric Cooker

Food Restaurant Business – FAQs

Which type of restaurant is most profitable.

In terms of profit margin per sale, the cook-on-demand restaurant is the most profitable type of restaurant in Nigeria. While in terms of sales a regular restaurant is more profitable, as it moves faster.

How do I start a mini restaurant?

You can start a mini restaurant in Nigeria by simply getting the needed skill, finding a shop, getting the needed equipment and ingredients for cooking, and getting started.

What do restaurants sell in Nigeria?

Nigerian restaurants sell white and jollof rice, amala, eba, pounded yam, semo, fufu (akpu), beans, yam, etc. All these are usually served with different types of soup, fish, and neat including goat meat, ponmo, brokoto, chicken, bush meat, and so on.

The food restaurant business is very profitable, and an ideal business for those who love cooking, as it allows you to make money from what you like doing. With this post on how to start a restaurant business in Nigeria, I believe you’ve gotten all you need to get started.

Tags: business ideas Restaurant

His name is Olatunde, he is the founder of Nairarush.com.ng. He is Nigerian who likes sharing information about anything about finance. And because he has been making money online for years now, he also share some information about investing, online business ideas, loans for students and businesses, and lots more.

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Thank you for this detailed article on how to start a restaurant in Nigeria. This will help in the restaurant i’m trying to set up. Thank you

This is awesome!!!

This is very awesome, just the right detailed explanation I need .. please can u help me draft a business plan?

8 Steps To Start A Successful Restaurant Business in Nigeria

The restaurant industry in Nigeria is thriving, with an increasing number of people eating out and ordering in. According to the National Bureau of Statistics, the food and beverage sector contributed more than 24% of Nigeria’s GDP in 2020, making it a lucrative industry for aspiring entrepreneurs. To ensure long-term success, however, starting a restaurant business in Nigeria necessitates careful planning, research, and execution. This article will walk you through the 8 steps To Start a profitable restaurant business in Nigeria.

Table of Contents

Conduct Market Research

Before opening a restaurant in Nigeria, conduct market research to determine the demand for your services, identify your target customers, and evaluate your competition. Visit similar restaurants in your area, analyze their menus, prices, and customer service, and conduct surveys to gather feedback from potential customers to gather information.

Get a Restaurant Business Plan

A solid business plan is essential for the success of your Nigerian restaurant. Your company’s objectives, strategies, target market, financial projections, and marketing plans should all be included in your business plan. A business plan can also assist you in obtaining funding from investors or financial institutions.

Order a Restaurant Business Plan with 3 Years Financial Projections

Secure a Good Location

Getting a good location is crucial to the success of your restaurant business. You should locate your restaurant in an area that will be access easily by your customers, consider the following when deciding on a location:

Your restaurant business must be in a location with high population and purchasing power

2. It should be in a commercial area which must also be safe and secure.

3. You should also consider the rent, utility costs, and other expenses associated with the location.

Obtain Necessary Approval and Permit:

After securing a good location, the next important thing is to obtain the necessary approvals and permits and you must achieve this before starting your restaurant business in that location, you should reach out to relevant authorities to get started, this will also be a good opportunity to ask questions based on the right approvals and permits you need for your business. Each state in Nigeria including the local governments have specific laws that guide businesses within their domain. You will find the follwing information necessary as you begin your business:

Register your business with Corporate Affairs Commission and obtain Tax Identification Number, failure to do this might result into you having needless legal battle with the government.
Get the state government approval including the local government permit for your kind of business.
Obtain a food and beverage permit from the National Agency for Food and Drug Administration and Control (NAFDAC).

Build Relationship with Reputable Suppliers

This is one important aspect of your business you can’t ignore, you must establish relationships with reputable suppliers to ensure the quality of your food and beverages. You should select suppliers who provide high-quality ingredients at reasonable prices and a consistent supply of goods. To ensure that you are getting the best deal, you should also negotiate prices and payment terms with your suppliers.

You should consider buying your ingredients and other items in bulk to enjoy discount and save on cost

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Hire Competent Workers

Hiring qualified employees is critical to the success of your restaurant. Hire skilled chefs, servers, bartenders, and other employees who are dedicated to providing excellent customer service. You should also provide proper training, compensation, and benefits to your employees to motivate them to do their best.

Paying good salaries will likely motivate your employees to work hard in your business, consider hiring those with experience related to the restaurant industry especially chefs and supervisors.

Invest in Marketing

Marketing is indispensable to the success of your restaurant business. You should invest in marketing strategies that will help you reach your target customers and build brand awareness. You can use social media, email marketing, advertising, and other promotional methods to attract and retain customers. You should also focus on building a positive online reputation by responding to customer feedback and reviews

Consider the following strategies in order to promote your business both offline and online:

Print fliers and distribute within your city to raise awareness about your restaurant
Consider running a promo by offering discounts to the first set of customers that will eat in your restaurant
Inform your family and friends, they might likely become your first customers
Design, print and place attractive banners in strategic areas within your city
Establish an online presence by being active on social media, you might consider building a website so that people can order your food online, then partner with delivery companies or establish one in-house to ensure customer orders are delivered promptly.

How to make your products unique and desirable

Expand your Business

After achieving success and establishing your restaurant business as a major brand in your city, you should consider expanding into nearby cities, this will allow you to reach more customers and increase your revenue

Starting a restaurant in Nigeria demands careful planning, execution, and dedication. You can start a successful restaurant business in Nigeria by following the steps outlined in this article. The food and beverage sector in Nigeria is a lucrative industry, and with the right strategies, you can tap into this market and achieve long-term success.

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Restaurant Business In Nigeria: [ Guide to Start as Beginner ]

Starting a restaurant business in Nigeria can be a profitable venture, as there is a growing demand for quality food and dining experiences.

However, it requires careful planning and execution to succeed in this highly competitive industry.

In this article, we’ll discuss the steps involved in starting a restaurant business in Nigeria.

• Conduct Market Research

Before starting a restaurant business in Nigeria, it’s essential to conduct thorough market research to understand your target audience, competitors, and the demand for your products.

You need to determine the type of cuisine and dining experience that appeals to your target customers and create a unique selling proposition that sets your restaurant apart from the competition.

• Develop a Business Plan

A business plan is crucial in starting a restaurant business in Nigeria, as it helps you to clarify your objectives, identify potential challenges, and develop a roadmap to achieve your goals.

Your business plan should include a description of your restaurant concept, menu, target market, financial projections, marketing strategy, and operational plan.

• Secure Financing

Starting a restaurant business in Nigeria requires significant capital investment, which may include the cost of leasing or purchasing a property, kitchen equipment, furniture, staffing, and inventory.

You can secure financing through personal savings, bank loans, investors, or government grants.

• Register Your Business

To start a restaurant business in Nigeria, you need to register your business with the Corporate Affairs Commission (CAC) and obtain necessary licenses and permits from regulatory bodies such as the National Agency for Food and Drug Administration and Control (NAFDAC), State Environmental Health Department, and Fire Service Department.

• Hire and Train Staff

Hiring and training the right staff is crucial to the success of your restaurant business.

You need to hire skilled and experienced chefs, waiters, and support staff who can deliver quality service and maintain a positive reputation for your restaurant.

• Set up Operations and Management Systems

You need to set up efficient operational and management systems to ensure smooth running of your restaurant business.

This may include creating standard operating procedures for food preparation, inventory management, customer service, and accounting.

• Develop a Marketing Strategy

Marketing is essential to the success of your restaurant business in Nigeria.

You need to develop a marketing strategy that targets your ideal customers through online and offline channels such as social media, email marketing, search engine optimization, outdoor advertising, and promotions.

How much does it cost to start a restaurant business in Nigeria?

The cost of starting a restaurant business in Nigeria depends on several factors such as the location, size of the restaurant, type of cuisine, equipment, and staffing. Typically, it can cost between ₦5 million to ₦50 million to start a restaurant business in Nigeria.

What type of licenses and permits do I need to start a restaurant business in Nigeria?

To start a restaurant business in Nigeria, you need to obtain necessary licenses and permits from regulatory bodies such as the Corporate Affairs Commission (CAC), National Agency for Food and Drug Administration and Control (NAFDAC), State Environmental Health Department, and Fire Service Department.

How can I attract customers to my restaurant?

To attract customers to your restaurant, you need to offer quality food, exceptional customer service, and create a unique dining experience that sets you apart from the competition. You can also develop a marketing strategy that targets your ideal customers through online and offline channels such as social media, email marketing, search engine optimization, outdoor advertising, and promotions.

What are the common challenges of running a restaurant business in Nigeria?

Some common challenges of running a restaurant business in Nigeria include high cost of operations, shortage of skilled labor, inconsistent power supply, food spoilage, and increasing competition.

How can I ensure food safety in my restaurant?

To ensure food safety in your restaurant, you need to follow strict hygiene and sanitation practices, maintain proper food storage and handling procedures, and regularly train your staff on food safety protocols. You also need to obtain necessary certifications from regulatory bodies such as NAFDAC and the State Environmental Health Department.

How can I manage my inventory effectively?

To manage your inventory effectively, you need to develop an inventory management system that tracks your stock levels, monitors food expiration dates, and ensures that you have the right amount of inventory on hand. You can also use technology such as inventory management software to streamline your inventory management process.

How can I ensure profitability in my restaurant business?

To ensure profitability in your restaurant business, you need to closely monitor your expenses, optimize your menu pricing, manage your inventory effectively, and maintain high-quality customer service.

You can also develop a loyalty program that rewards repeat customers and implement a cost-effective marketing strategy to attract new customers.

In conclusion, starting a restaurant business in Nigeria requires careful planning, hard work, and dedication to succeed in this highly competitive industry.

By following these steps and implementing a robust business strategy, you can establish a successful restaurant business that delivers quality food and exceptional dining experiences to your customers.

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How To Start A Restaurant Business In Nigeria 2023 (Full Guide)

Post author: Edeh Samuel Chukwuemeka ACMC
Post published: July 11, 2023
Post category: Financial Tips

How To Start a Restaurant Business in Nigeria: A restaurant is a place where you pay for your food and eat it. A waiter or waitress will often bring your food to your table. Restaurants have become one of Nigeria’s fastest-growing businesses, with over 60% of the population eating outside their homes on a regular basis.

How much do i need to start a restaurant business in Nigeria

The restaurant industry is mostly for individuals who are skilled in the kitchen and wish to pursue a career in it. So, if you’re among these people and live in Nigeria, consider yourself extremely fortunate. The information about how to start a restaurant company is mentioned below.

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Table of Contents

How To Start Local Restaurant Business In Nigeria

1. Examine the restaurant market: The first step in launching a restaurant company is to research the local restaurant industry. When it comes to starting a restaurant, this is crucial. It is usual for market research for the restaurant sector to take many months.

This will assist you in avoiding costly mistakes. While the business may appear simple and straightforward to begin, there are regulations to follow if you want to be successful. And you learn these guidelines by researching the market for this type of business.

2. Register your business: Registering your restaurant is the next step. You should register your restaurant name to help you build your brand and differentiate yourself from the competition.

Business name registration is handled by Nigeria’s corporate affairs commission, and it may be done online. Make the mistake of not registering your restaurant before opening it. Someone else may register it and claim the brand name you’ve worked so hard to build.

Costs and How to Start Restaurant Business in Nigeria

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3. Make an all-encompassing approach: The business plan you write will guide the growth of your restaurant. Regardless of how much effort you’ve put into your idea or how many reliable individuals have assured you of your company’s success, you must produce a business plan. Your strategy will act as a road map for your firm as it grows.

4. Determine who your target clients are: You need customers who will eat at your restaurant. What are their occupations, ages, and average earnings? When launching a restaurant business, you must address these questions.

If you know your target clients and niche market well, your restaurant business will thrive. You can scan for them or make and distribute handbills to attract them.

How can I succeed in restaurant business in Nigeria?

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5. Look for an appropriate place: Another stage is to choose a suitable site for your restaurant. One of the finest locations for a restaurant company is in a heavily populated and easily accessible portion of town.

Of course, you should keep in mind that it is better to locate your restaurant near colleges, motorparks, and business complexes. These are regions where you may expect a large number of different types of individuals to visit your business.

6. Find out what the tax rate is in your area for your restaurant: Again, you must determine the restaurant tax rate in your area and determine whether you can afford it. In Nigeria, all firms must pay a variety of taxes, including corporate income tax, education tax, and value added tax. However, in several Nigerian states, restaurants have been subjected to extra levies.

The Lagos State government, for example, levies a 5% sales/consumption tax on services performed in restaurants inside the state. Before you start a fire, you should consult with a lawyer who is aware with the tax consequences of your business and can assure that you are not breaking any laws.

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7. Obtain the required restaurant sales permit and license: In order to start a restaurant in Nigeria, you will need to secure a number of licenses and permissions. In certain circumstances, you will need to seek licenses from a local government office, while in others, you will need to obtain them from a state government agency.

It is vital to ensure that you have the necessary licenses and permissions before starting your restaurant company in Nigeria. Because the sorts of licenses and permissions differ by area, it’s critical that you get legal assistance early on in your restaurant’s development.

Also, if he stands and you still want to offer alcoholic beverages, you’ll need a specific license. If your business will be operating late at night or maybe past midnight, you will need to get a special permission. Getting the correct legal help is therefore crucial for getting your restaurant off to a good start in terms of licenses and permits.

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8. Raise funds for your startup: After doing your research and making your decision, you should have a good estimate of how much it will cost to open a restaurant. Capital is one of the most important criteria for beginning a restaurant. As a result, you’ll need to generate funds for your company.

Your capital letter denotes the size of your company: small, medium, or big. Because growth is a constant and steady process, it’s fine to start modest and expand later as you gain expertise and financial rewards.

9. Create a menu plan: Any restaurant’s menu is the most crucial contact point. Daily promotions and a prix-fixe menu should be available in your establishment. Prices for each meal should be included in your menu list. You may come up with your menu pricing list by looking at what other restaurants in your area charge for a plate of food they provide.

As a newcomer to the industry, the price for a plate of new offer may be slightly cheaper than what others charge for the identical plate of dinner in order to attract new customers. To build credibility and give your restaurant an advantage over others, as a chef and lover of culinary art, you must have your own distinctive recipes and a flexible menu at a fair price.

Ask yourself why consumers should keep eating at your restaurant. If you can honestly answer this question, you’re on your way to creating a successful restaurant. Make plans to receive food and specialty condiments at regular and cheap costs by identifying and connecting with wholesale suppliers. This alleviates the burden of locating and purchasing food items that are seasonal, limited, or in short availability on the market.

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10. Invest in the necessary restaurant equipment: Cooking utensils, tables, hand and plate washing supplies, desks and chairs, internet cables, inverter, cooling system, fans, generating plants, TV set, dstv/local antenna, audio music player, and other entertainment equipment are all required in any restaurant.

11. Decorate your restaurant: You must also furnish the restaurant. There are various possibilities available, but it all comes down to personal preference. To add to the amazing atmosphere of your restaurant, Full-stop used first flowers in a sturdy and contemporary hand-sculpted brass work overhead.

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12. Hire competent cooks and wait staff: Employee knowledge Waiters and employees who are passionate about and appreciate the importance of high customer satisfaction in the restaurant sector will decide to a significant part your ability to maintain and attract new customers. Your chefs’ watchwords should be meticulous attention to detail and the utilization of the freshest seasonal foods and high-quality goods.

13. Make a management team and structure it: Make a management team and organize it. You require managers to handle the firm for you so that you may devote your time to other activities. Organize waiters and waitresses to service your guests, as well as a financial accountant to provide correct financial information.

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14. Standardize health and safety procedures: Because restaurants are all about people consuming food, the restaurant industry is extremely sensitive. We should anticipate that the restaurant will be monitored and inspected on a regular basis by the local or state government to verify that you are following all applicable health and safety regulations.

Inspections may include not just raw and peppered food, but also refrigeration systems, cooking equipment, and garbage cans.

15. Promote your company : In this business, this is one of your main priorities. This is because it makes very little difference how terrific a chef you are or how fantastic your offerings are if no one knows about your eatery. You must market your restaurant regardless of the type. For outstanding fast service restaurants, use social media channels.

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Top 3 Facts About Restaurant Business In Nigeria

1. Competition: Just like every other business, running restaurant business in Nigeria is highly competitive. As stated earlier, restaurant business is a life saving business in Nigeria. This is in the sense that food is a necessity. This fact is known to everyone. On the same hand, the lucrative nature of restaurant business is equally known to all. People will always consider restaurant business when evaluating their choice of venture.

Steps To Start A Successful Restaurant Business in Nigeria

In Nigeria, it is usual for every street to have more than one restaurant. This is where the competition begins. So, the demand is high on the side of customers, and they will always stick with the vendor that satisfies their need. First impression in this instance is of utmost necessity. Embellishing your services with something unique and employing other strategies to appeal to the customer’s appetite are most recommended.

2. Need for permit: In some areas in Nigeria, running a restaurant business requires getting an authorization from a designated authority, usually from the community delegates or any other authority designated for that purpose. A deductible reason for this is that selling of food has something to do with public health.

Authorities that are in charge of public health and public nuisance in the target community or state may want to set a standard for the operation of the restaurant business in order to ensure public safety. Other evaluations and standard permit may be required, such as fire safety and other hazards.

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3. Restaurant business is lucrative: Undoubtedly, running a restaurant is lucrative. Its lucrative nature is at its peak when the business is well invested in and adequately managed. So, there is need to maintain good customer relationship and explore viable business strategies in other to be unique in this line of business.

How can I start a successful restaurant business in Nigeria?

Profits are not automatically made by the mere fact of opening a restaurant, and it may not come soon at the very inception of the business. Profits are rather derived from the strategies employed in managing the business. And the most important part of managing the business is employing those strategies that will guarantee sustenance of the business and a long-term profit.

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In conclusion, the processes to start a restaurant company in Nigeria are as follows. Consider how lucrative it is and how much it will cost to get started. You can study business at the entry level and work your way up to become a large-scale company enterprise. You will undoubtedly succeed if you follow the steps to starting a business.

Edeh Samuel Chukwuemeka, ACMC, is a lawyer and a certified mediator/conciliator in Nigeria. He is also a developer with knowledge in various programming languages. Samuel is determined to leverage his skills in technology, SEO, and legal practice to revolutionize the legal profession worldwide by creating web and mobile applications that simplify legal research. Sam is also passionate about educating and providing valuable information to people.

This article on How To Start A Restaurant Business In Nigeria is regularly updated and can also be used as a guide in setting up your restaurant business in Nigeria etc.

How To Start A Restaurant Business In Nigeria

INTRODUCTION: As Nigeria is on record to be the most populated black country in the world , no soothsayer or ‘DIBIA ‘ is needed for anyone who has a business mindset to understand that one of the businesses expected to thrive profitably is a restaurant business in Nigeria, This is simply due to the fact that large and growing population needs nothing but the availability of nutritious food for her teeming population to become healthy, thereby making fitness and survival essential factor that will promote the economy of Nigeria as a nation.

This made the establishment of the restaurant business in Nigeria to become a source of value addition to the ever-bustling and growing population of a Nation like Nigeria.

DEFINITION What Does A Restaurant Business In Nigeria Mean?

As it is commonly known that everything available around us has a history at its base or foundation, it should be noted for reference purpose that the first restaurant to be established was a soup restaurant in France. This was made possible by a soup vendor named Antonie Beauvillers in Paris between 1782 or 1786 and the restaurant was named ‘La Grande Taverns de Londres A restaurant can be described as a facility in which food is directly provided to humans such as cafeterias, lunchrooms, cafes, bistros, fast food establishments, food stands, saloons, taverns, bars, lounges, catering facilities, hospital kitchens, daycare kitchens and nursing homes kitchens. It is a business that prepares and serves food and drinks to customers. Meal are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services.

There are some basic factors that differentiate and makes a restaurant stand out from other restaurant businesses which is a function of the Concept and purpose of establishing such a business making restaurants businesses to be of different types.

Different Types Of Restaurant Business In Nigeria

1. Fine Dining;

2. Casual Dining;

3. Contemporary Casual;

4. Family Style;

5. Fast Food;

6. Fast Casual;

9. Food Trucks and concession stands;

10. Pop up restaurants;

11. Ghost Restaurants.

The most common type of restaurants business available in Nigeria is the fast-food businesses, whereby healthy foods are provided and served to customers on-demand in a conducive facility that provides ambience and comfort to the customer, although it is becoming more popular now that some restaurants provide door to door delivery of prepared foods to customers on demand.

No matter the type of restaurants business, one factor that is essential in this line of business is the provision and preparation of healthy and affordable foods to customers on-demand in accordance with requests made by the customer and in adherence to the quality standards expected from a business providing healthy meals.

ECONOMIC PROFITABILITY OF RESTAURANTS BUSINESS IN NIGERIA.

HOW BIG IS THE RESTAURANT SERVICE INDUSTRY IN NIGERIA?

With the sizeable population of about 200 million people in Nigeria, the food restaurant industry which belongs to the Quick Service Restaurant QSR of the economy is in no doubt a gold mine as it is expected to increase as geometrically as long as the population of Nigerians keeps increasing.

This assertion was confirmed by the Association of Fast Food and confectioners of Nigeria (AFFCON) an umbrella body of Quick Service Restaurant QSR revealing that the Nigeria Food industry is estimated to be worth over a trillion Naira with the Fast Food segment gulping over 250 billion naira and this number is expected to rise in the future.

With the statistics and estimation that confirmed how thriving the Food restaurant industry is in Nigeria, without any iota of doubt, the food restaurant industry in Nigeria is an investment destination that no one should shy away from as it has the potential if add to the Gross Domestic Product GDP of Nigeria economy with the prospect of taking many Nigerians out of the grip of poverty through the provision of employment opportunity for the teeming Nigeria youth estimated to constitute more than sixty per cent of the population.

Hence, at this point, it is imperative and essential to look deeply into how a restaurant can be established in Nigeria alongside the prospect of establishing a food industry in any part of Nigeria.

HOW TO START A RESTAURANT BUSINESS IN NIGERIA COMPLETE GUIDE.

As it has been affirmed in the introduction of this article about how profitable restaurants businesses are in Nigeria with it having the potential of making the Nigeria economy viable and strong, the need to delve into what is needed to build a sustainable and profitable chain of restaurants businesses having fleets of outlets across the length and breadth of Nigeria is quite essential and discussion about each step needed for a profitable restaurants business will be highlighted and discussed one after the order.

The steps needed in establishing a profitable restaurant business in Nigeria in 2021 are:

1. Get the right and appropriate Restaurant location in Nigeria.

2. Acquire a spacious outlet.

3. Ensure that the outlet is branded by professionals with a business name.

4. Employ the right staff.

5. Get a vision and mission for your business.

6. Employ a professional caterer.

7. Raise capital for your business.

8. Business Registration with Corporate Affairs Commission.

9. Ensure the neatness of your outlet.

10. UNDERSTANDING BUSINESS DYNAMICS.

11. Get Prepared.

12. Ensure that your mode of operation is in adherence with government agencies. 13. Get the required and appropriate equipment. 14. Have a Business Plan.

1. Getting An Appropriate Restaurant Location In Nigeria

The sustainability of any business concern depends on the business being established in the right location. Establishing a business as sensitive as a restaurant business can only become successful when the location of the business meets the expectation and demands of the would-be customers.

Hence it is important that anyone desiring to open a restaurant business in Nigeria is expected to have an idea of what the resident of the environment where the business will be located needs at a particular moment which can be extended to having an understanding of what should be the area of human needs and consumption that the established business will hold on to as a benchmark that would make it to stand out in the midst of other competitors.

Getting a good location to establish a restaurant business always give the business a competitive edge and leverage that would enhance profitability and ensure the sustainability of such business in the process of time.

2. Acquire A Spacious Location

Without any doubt, the establishment of a restaurant requires the usage of a spacious and roomy location that can accommodate people of every walks of life and has a capacity that is wide enough to give the momentary rest, relaxation and enjoyment customers expected from such facility.

Having a spacious facility guarantee a competitive edge for any Restaurant opened anywhere in Nigeria by providing leverage and advantage that could enhance the patronage of customers to your location.

Hence, in order to establish a profitable and sustainable Restaurants business in any part of Nigeria in 2021, one of the factors to be considered in making it a successful and sustainable business empire is for the interested business owner to acquire a spacious location.

The acquisition can be carried out by lease or by renting a space which should be carried out at a particular budget that should be within the range of what the profit Garner in the course of the business can cater for which would enhance proper management of the business and it will ensure the sustainability of the restaurant business in Nigeria.

3. Business Branding.

In other for a business like Restaurants business to have leverage and a competitive edge, the need for such a business to be branded is necessary and essential.

Restaurants business in Nigeria remain booming and growing which makes it to be extremely competitive, for any newbie to survive, Any Restaurant business owner in Nigeria must consider branding as one of the necessary tools that will make his/her business viable.

Branding is one of the tools that promote the aim and objective of a business, it makes such a business to be known and it enhances the preservation of the vision and mission of such business.

Hence the need to ensure that opening a restaurant business in Nigeria in 2021 requires appropriate branding that will end up enhancing promotion and acceptability of the business because branding a business also promote the culture, idealogy and philosophy behind the establishment of the business.

Branding a restaurant business involves having a name to the business with a logo having good colours that express what the business stands for thereby promoting a speciality and a uniqueness that gives a human race to such business by standing as an ambassador that will enhance the spread of such business making it a household name. We at NaijaCEO can help you with your branding

4. Restaurant Business In Nigeria Staff Employment.

This is another factor that needs to be considered when establishing a restaurant business in Nigeria in 2021.

It is essential to employ staff and workers who are ready to understand what is needed and necessary in promoting the aim and objectives of the business in alignment with the goals of the business in the course of time.

Getting capable hands and minds that believe in short term goals, middle-term goals and long term goals are essential for the all-around growth and sustainability of the business.

As Restaurants businesses are known as businesses that take care of the nutritional needs of people, it is essential for your workers to be people who have the mind of being hospitable and also fast in meeting up with the needs of people trooping in to patronise the business.

Staff and workers that should be employed must have the needed skills–both soft and hard skills with the required exposure and education needed in ensuring that the needs of customers are met at any point in time

Employing capable staff is one of the tools that help in enhancing the profitability and productivity of any Restaurants business in Nigeria.

Capable staffs make the goal and objective of the business to become achievable on a platter of gold without any difficulties.

Hence, the application of cutting edge human resource strategy is needed in establishing a restaurant business in Nigeria as it provides a solid foundation for the sustainability, profitability and productivity of such business to translate the mission and vision of such business across the length and breadth of the Nigeria business space.

6. Engaging A Professional Caterer Or Chef.

how to start a restaurant business in Nigeria

Depending on the reality on the ground when setting up your restaurant business in Nigeria, you may need to consider the employment of a professional caterer or chef to take care of some cuisines that required professional touch in the course of running your restaurant business. As the business becomes enlarging with patronage becoming booming cutting across every division of the society, some customers needs might tend towards requesting for cuisines that are international and it is only a chef that can provide such in any Restaurants. So, it is important you consider the hiring of a chef who could provide professional services with this will, in turn, make customers love your restaurant dishes in the course of running it. This will also give you a competitive edge and leverage to the business and it will enhance the promotion of such business beyond local recognition thereby transporting it to be acceptable by non-citizens of the country like diplomats and expatriates who are longing to have a taste of their cuisine in Nigeria having the same ingredients and taste.

7. RAISING CAPITAL.

The availability of sufficient funds or capital is needed to ensure that the business has the financial capacity to meet up the needs of its customers accompanied by the ability to expand across the length and breadth of Nigeria.

Having a good amount of capital enhances the prospect of a restaurants business to cover more areas of operation that is essential to expand and give the required necessitated response to the demand of customers at any point in time.

Currently, You need to have around N500,000 – N10,000,000 to set up a conducive Restaurant business in Nigeria. This cost is bound to change and totally depends on how big you intend to start your restaurant business.

8. Business Registration.

Business registration is essential and needed in order to make such a business top-notch among other businesses.

The prospect of investors getting interested in your business becomes feasible once the business is registered with the corporate affairs commission .

Registering your Restaurants business in Nigeria with appropriate agencies gives your business the opportunity to have the chance to apply for loans and grants at any point in time.

The need for proper registration makes your business have an edge above every other restaurant’s business as it gives you the opportunity to present business plans and proposals that will be honoured by would-be investors who might be ready to inject funds into the capital base of your business.

It also enhances transparency as it gives a level of traceability about the requisite information needed for confirmation at the corporate affairs commission at any point in time. We at NaijaCEO can help you with your company registration

9 . Neatness, Cleanliness And Hygiene.

Restaurant business in Nigeria Delicacies

As it is known across the board that cleanliness is next to godliness. It is essential to reiterate that one of the major factors to be considered in establishing a restaurant business in Nigeria is neatness, cleanliness and hygiene.

This should be enhanced and worked upon as a continuous process that should be looked to from the beginning of the business and it should be enforced in the day to day activities and operation of the business.

No Restaurants business can thrive and survive outside its ability to ensure that good hygienic condition is maintained as this provides a perfect way of making the restaurant the best point of satisfaction as the provision of food is concerned.

10. Understanding Business Dynamics.

Every business has its Dynamics that makes it unique at any point in time.

The uniqueness needed to make your Restaurants business competitive needs a deep understanding of the Dynamics of the business.

Restaurants businesses always have peak moments and down moments which if understood very well can prevent wastages from occurring on a daily basis.

The understanding needed to run a restaurant of massive magnitude needs the touch of professionals who are deeply experienced to know what is needed in managing the business.

Once the Dynamics is known, your Restaurants business in Nigeria ends up becoming a high-flyer among other restaurants businesses.

Optimizing and maximizing these Dynamics creates an avenue for productivity, sustainability and profitability at a maximum level thereby enhancing the proficiency of the restaurant business in meeting up the yearnings of the customers that need services that will meet up their needs at any point patronage.

11. Preparation.

In your desire and drive to have a restaurant business in Nigeria, your preparation to weather the storm of uncertainty is essential.

As the economic reality of a country like Nigeria is at a low ebb and it is quite wavy, someone who is interested in having a good restaurants business in Nigeria needs to prepare for uncertainties.

As the price of foodstuffs keeps soaring high with the cost of living skyrocketing, one needs to understand that this will pull down the purchasing power of the average man and woman on the street who is expected to be part of human statistics expected to turn up patronising any established Restaurants.

This will eventually make the food restaurant business difficult to manage.

Hence, the need to get prepared for economic turbulence is essential and you are expected to understand the dictates of the Dynamics that will crop up from the harsh economic realities obtainable in Nigeria in the course of running your food restaurant business.

12. Adherence To Government Policies.

Due to the sensitive nature of the food restaurant business, as it influences the health and living of the consumers, this made it to be an important sector of the Nigerian economy whereby it is guided by many strict government policies at every level of the economy.

Hence, the need for you to adhere strictly to policies from government agencies is quite important in order to forestall the smooth running of the business.

Policies from the ministry of health, Standard Organization of Nigeria, Consumers Protection Agencies are to be adhered to strictly as this enhances consumers trust thereby increasing patronage in the course of the business. Even staffs in charge of food preparation are to be subjected to periodical health check-ups in order to prevent infections that might be transferred through the preparation of food in the restaurant.

13. Purchase The Right Equipment.

In order to have a clog-free operation in the restaurant, the need to have the right and appropriate equipment that will facilitate smooth operation is essential and having this will enhance fast delivery of services to the customer.

The quality of services delivered is a function of the equipment used in the course of operation.

Quality equipment guarantees good service delivery in the course of running any Restaurant.

As poor as electricity supply is in Nigeria, any successful Restaurants business needs the availability of generators or other means of power generation in the course of operation.

14. Business Plan.

As business becomes stable and prosperous, the need to up-scale becomes necessary and needed, this will entail the need to expand by building more locations or renting outlets or there might be a need to purchase more equipment that is needed in taking care of the operation.

Hence, the need to source for loans or funds arises.

Sourcing for loans, funds and grants are always successful as it is always granted based on the preparation of a feasible business plan. This made the preparation of a business plan essential in the course of starting or even running a Restaurants business in Nigeria.

A business plan is very essential because it will open your eye to the restaurant industry in Nigeria and not just for loan applications.

We at NaijaCEO are the leading Business plan writing company in Nigeria and can be of help to you.

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Micah Erumaka

About Micah Erumaka

Micah Erumaka is the Founder of LiaonCEM solutions which owns NaijaCEO. He is an Internet Entrepreneur and a content creator. After the failure of his first company at age 18 he started NaijaCEO to help entrepreneurs with the information they need in operating a successful business in Africa

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Business Plan

Healthy Restaurant Business Plan in Nigeria

Our Healthy Restaurant Business Plan in Nigeria is well documented and can also be used for, but not limited to:

Grant Applications,
Bank Loans,
Proposal writing,
Business Concept Note,
Competitions e.t.c

Purpose of the Healthy Restaurant Business Plan in Nigeria

Benefits of the healthy restaurant business plan in nigeria.

The Healthy Restaurant Business Plan in Nigeria is beneficial because

It helps in outlining the steps needed to achieve the business goals and ideas.
It helps to articulate strategy to stakeholders who support the business.

Importance of the Healthy Restaurant Business Plan in Nigeria

The Healthy Restaurant Business Plan in Nigeria is important because

It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business.
It will additionally gives distinctive statistics on all components of the business, outlining the business desires and the steps required to achieve them.

Content of the Healthy Restaurant Business Plan in Nigeria

Executive Summary
Introduction
Business Description
Keys to Success
Products and Services
Market Analysis
Our Target Market
Pricing Strategy
Competitor Analysis
Sales and Marketing Plan
SWOT Analysis
PEST Analysis
Operational Plan
Management plan
Financial Plan and Projections
Financial Diagnostics

Download The Complete Healthy Restaurant Business Plan in Nigeria

List of Business Plans in Nigeria (Samphina Academy)

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How To Write A Business Plan In Nigeria (Free Samples And Templates)

This post concludes is the last of the series on “How to write a business plan” . The major challenge when it comes to writing a business plan is knowing where to start from. This most business owners and entrepreneurs don’t always get right. Looking through existing business plan templates gives a clear picture of what your business plan should look like.

This post contains a long list of free sample business plan templates that will give you the easy start you really need to write your own business plan.

1. Catering Business Plan

If you love to cook and are thinking about starting a business, combine the two and start a small catering business. But how do you start a small catering business? It’s by having a great business plan detailing every aspect of the business before you get started.

2. Event Planning Business Plan

Starting a catering business in Nigeria is a lucrative business with very good returns, with thousands of events and parties happening every weekend across the country. Event planning business requires a combination of education if necessary, an experience and excellent networking.

Also Read: How to Write a Business Proposal for Clients in Nigeria.

3. Hair & Beauty Salon Business Plan

Salon Business is one of the best and lucrative business in Nigeria right now because it does not cost much and requires little capital to start. Either a barbing salon or beauty salon for women pay a lot because it requires no college degree to start one but skill.

4. Day Care & Child Care Business Plan

Many Nigerian mothers are working at paid jobs or running their own small businesses which consume most of their time. As a result of this trend, there is a growing opportunity for convenience services like child and day care center businesses.

5. Driving School Business Plan

Are you an expert driver? Can you successfully teach others how to drive? If yes, you may be qualified to start a car driving school. There is a great opportunity in this business because most Nigerian are looking forward to owning their own cars. School leavers are also eager to learn how to drive.

6. Agriculture Farm Business Plan

Nigeria is blessed with a favorable soil and climatic condition that can accommodate crops such as onion, carrot, cocoa yam, pear, potatoes, okra, vegetables, beans and so much more. Starting an agriculture farm business is a profitable business opportunity with so much market to serve.

7. Feed and Farm Supply Business Plan

The feed farm production industry has been largely promoted as one of the most profitable agribusinesses to venture into. Africa, especially Nigeria, has a major impact on the worldwide production and distribution of livestock feed.

Also Read: [PART 1] How to write a business plan – Tips when writing your business plan.

8. Fitness Gym Business Plan

Health they say is wealth; the need for health is the need of all both young and old, both for the rich and the poor alike. Would you like to invest in the fitness business, or are you thinking of a business to invest in? You should consider this business option.

9.Pharmacy Business Plan

Pharmacy or drug store business, whether we like or not, has become an integral part of the Nigerian economy today. In a nutshell, drugstores are described as retail establishments that market drugs, be it prescription-based, proprietary, or nonprescription medicine.

10. Fast Food Restaurant Business Plan

The fast-food business in Nigeria is a very profitable business. Food is something we cannot do without even if it’s once a day. The growing population of Nigeria with over 180 million people is also a high contributing factor to the profitability of fast food business in Nigeria. Amidst the current global crisis, one line of business in Nigeria that continues to promise greater returns on investment is the fast food business.

11. Bakery Business Plan

The consumption of bread and other bakery products such as biscuits, chin-chin, gala and meat pie among others, has created a huge market for the wheat flour industry. This sector has provided a lot of opportunities while more opportunities are still open for interested investors that are willing to invest some cash.

12. Internet Cafe Business Plan

The demand for internet cafe services in Nigeria is high especially in business enabled environments like tertiary institutions, offices and in different work areas. This business is one of the profitable medium scale businesses in Nigeria; the business can give a high-profit margin when managed properly.

13. Clothing Boutique Retail Business Plan

Starting your own clothing shop boutique is a good business idea in Nigeria because the fashion industry is one powerful sector that will always be vibrant in any economy because all over the world, people have a basic need for clothing. Beyond this need, fashion is also evolving on daily basis due to the huge and diverse interest in styles.

Also Read: [PART 2] How to write a business plan – Basic template contents & structure.

14. Automotive Car Repair Business Plan

Nigeria is and will always be a big market for cars, both used and new ones. Compared to other African countries, Nigeria alone spends up to $5 billion dollars every year importing vehicles (especially second-hand) from the USA, Canada, Europe, and Asia. Which makes the industry an area worthy of investing.

15. Car Wash Business Plan

The good aspect of this business is that it does not necessarily require a large amount of capital or funding especially when you intend to start. For those who have enough money to invest, this will be a good decision as with more money invested, the business can grow much better and faster leading to better and profitable returns.

Other business plan samples and templates include;

16. Used Cars Sales Business Plan.

17. Online Print Shop Business Plan .

18. E-commerce Retailer Business Plan .

19. Coffeehouse Business Plan.

20. Night Club Business Plan.

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Restaurant Business Plan In Nigeria/ Latest Edition feasibility studies
(PDF) Download Healthy Restaurant Business Plan in Nigeria
Restaurant Business Plan In Nigeria/ Latest Edition feasibility studies

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PDF Restaurant Business Plan in Nigeria
RESTAURANT BUSINESS PLAN IN NIGERIA. RESTAURANT BUSINESS PLAN IN NIGERIA. IRRESISTIBLE Kitchens Contact: Uzor Onyes, Abuja FCT 07033378184 [email protected]. Disclaimer This business plan is intended solely for information purposes and to assist our readers in determining whether they have satisfactorily with a due-diligence considered ...
PDF TITLE : Buiness plan for The Stand Nigeria resturant. Prepared by
TITLE : Buiness plan for The Stand Nigeria resturant. Prepared by: Director of TSN Address of Buiness: Bonny Island, Rivers State, 20 Asaba Avenue Principals Identity: ... 19 crises, Nigeria's food service industry witnessed growth over 2019/2020 at 4 - 5% in terms of units and transaction (Euromonitor). Much of this growth was
Restaurant Business Plan In Nigeria (2024 DOC) • NG Business
Once payment is made for the Restaurant Business Plan In Nigeria Feasibility Studies PDF File, send the following (i) a valid email address and (ii) your payment details to any of these numbers - 07039768549. This is what Restaurant Business Plan In Nigeria looks like; Table of content. Executive Summary; Business Description; Products and ...
Restaurant Business Plan PDF Example
February 28, 2024. Business Plan. Creating a comprehensive business plan is crucial for launching and running a successful restaurant. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your restaurant's identity, navigate the competitive market, and secure funding for growth.
How to write a business plan for a Nigerian restaurant?
The projected P&L statement for a Nigerian restaurant shows how much revenue and profit your business is expected to make in the future. A healthy Nigerian restaurant's P&L statement should show: Sales growing at (minimum) or above (better) inflation. Stable (minimum) or expanding (better) profit margins.
PDF Business Plan for Estalishing a Resturant in Kuje-abuja
spicy and savoury taste. The conceptual idea of the restaurant alongside with the creative cuisine and several marketing ideas allow clarity to the business scheme which ultimately with the support of this study will align investors and stakeholders on the detailed plan behind this business. 2. Introduction
How to Start a Restaurant Business in Nigeria: Complete Guide 2024
6. Get All The Needed Equipment. The main things you need to start a restaurant business in Nigeria are the required types of equipment (cooking wares), as well as the foodstuffs and ingredients for cooking. Usually, the equipment is general and they include gas cookers, pots, plates, tables, chairs, and so on.
8 Steps To Start A Successful Restaurant Business in Nigeria
This article will walk you through the 8 steps To Start a profitable restaurant business in Nigeria. Conduct Market Research. Get a Restaurant Business Plan. Secure a Good Location. Obtain Necessary Approval and Permit: Build Relationship with Reputable Suppliers. Hire Competent Workers. Invest in Marketing. Expand your Business.
(PDF) The Quick Service Restaurant Business in Nigeria: Exploring the
The Quick Service Restaurant Business in Nigeria: Exploring the Emerging Opportunity for Entrepreneurial Development and Growth. Global Journal of Commerce and Management Perspective, 3, 3, 8-14.
Restaurant and Fast Food Business Plan in Nigeria
We have a team that can help you write your specific business plans, feasibility studies, Marketing plan, grant application, market research, business brand story and so on. Contact: +2348147161686 for details. Other Business Plans available: Auto Repair Business plan in Nigeria and Africa.
Restaurant Business In Nigeria: [ Guide to Start as Beginner ]
Starting a restaurant business in Nigeria requires significant capital investment, which may include the cost of leasing or purchasing a property, kitchen equipment, furniture, staffing, and inventory. You can secure financing through personal savings, bank loans, investors, or government grants. • Register Your Business.
Restaurant Business Plan In Nigeria-Fast Food Restaurant Feasibility PDF
This 2018 Restaurant Business Plan in Nigeria which contained a well detailed feasibility study which Help you to determine How much money do you need to open your own restaurant and how to achieve…
How To Start A Restaurant Business In Nigeria 2023 (Full Guide)
1. Competition: Just like every other business, running restaurant business in Nigeria is highly competitive. As stated earlier, restaurant business is a life saving business in Nigeria. This is in the sense that food is a necessity. This fact is known to everyone. On the same hand, the lucrative nature of restaurant business is equally known ...
14 Steps On How To Start A Restaurant Business In Nigeria
The steps needed in establishing a profitable restaurant business in Nigeria in 2021 are: 1. Get the right and appropriate Restaurant location in Nigeria. 2. Acquire a spacious outlet. 3. Ensure that the outlet is branded by professionals with a business name. 4. Employ the right staff.
How To Start Restaurant Business In Nigeria (Buka/Joint)
The cost of setting up a restaurant business depends.on what you have at hand and the size you are looking at. For a small restaurant #500,000 can start the business outside shop and non variable items. But whereby you have to buy everything including freezer then you need about #2,000,000 for a start.
(PDF) Review of Business Plan of Domibite Restaurant
Received 15 September 2016; accepted 18 November 2016. Published online 31 December 2016. Abstract. Domibite Home-style Restaurant ("DHR") is an eating. establishment focusing on healthy ...
How to write a business plan for an african restaurant?
A business plan has 2 main parts: a financial forecast outlining the funding requirements of your african restaurant and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.
PDF Small and Medium Scale Business (Restaurant):
Arabian Journal of Business and Management Review (OMAN Chapter) Vol. 1, No.10; May 2012 ... No.10; May 2012 28 SMALL AND MEDIUM SCALE BUSINESS (RESTAURANT): A Career opportunity for Nigerian youths. Emmanuel.O. Oni Phd, Dr Adefila, J.J. Phd and Dauda ... is to present food service as a career option for potential youth entrepreneurs in Nigeria ...
(PDF) Download Healthy Restaurant Business Plan in Nigeria
Importance of the Healthy Restaurant Business Plan in Nigeria. The Healthy Restaurant Business Plan in Nigeria is important because. It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business. It will additionally gives distinctive statistics on ...
(PDF) A Feasibility Report on Starting a Restaurant Business in Abeokuta
Our market is estimated to be about 15 million naira annually. The market share = 15,000,000 / 3 = #5,000,000. But since we are starting the business newly, we would like to work with a market ...
How To Write A Business Plan In Nigeria (Free Samples And Templates
10. Fast Food Restaurant Business Plan. The fast-food business in Nigeria is a very profitable business. Food is something we cannot do without even if it's once a day. The growing population of Nigeria with over 180 million people is also a high contributing factor to the profitability of fast food business in Nigeria.
Accessing & Understanding the Restaurant Plan 2024
Once you have navigated to the MicroStrategy Log-in page & entered your store details, click Log in with Credentials. Scroll through all of the options and find Restaurant Level RP - 2024 and click.. You will then be given a Prompt to select your store. Scroll down and click "Store". Here your store should be the only one in the list, however if it is not, you can use the Search function to ...

Restaurant Business Plan In Nigeria (2024 DOC)

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2. Acquire the Needed Skills

3. Come Up With a Simple Business Plan

4. Arrange for Startup Capital

5. Find a Suitable Location for a Restaurant

6. Get All The Needed Equipment

7. Register Your Business (If Required)

8. Employ Staff

9. Get Started and Get Working

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8 Steps To Start A Successful Restaurant Business in Nigeria

Conduct Market Research

Get a Restaurant Business Plan

Secure a Good Location

Obtain Necessary Approval and Permit:

Build Relationship with Reputable Suppliers

Hire Competent Workers

Invest in Marketing

Expand your Business

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