restaurant business plan in nigeria pdf

How to write a business plan for a nigerian restaurant?

Putting together a business plan for a nigerian restaurant can be daunting - especially if you're creating a business for the first time - but with this comprehensive guide, you'll have the necessary tools to do it confidently.

We will explore why writing one is so important in both starting up and growing an existing nigerian restaurant, as well as what should go into making an effective plan - from its structure to content - and what tools can be used to streamline the process and avoid errors.

Without further ado, let us begin!

In this guide:

Why write a business plan for a nigerian restaurant?

• What information is needed to create a business plan for a nigerian restaurant?
• How do I build a financial forecast for a nigerian restaurant?

The written part of a nigerian restaurant business plan

• What tool should I use to write my nigerian restaurant business plan?

Having a clear understanding of why you want to write a business plan for your nigerian restaurant will make it simpler for you to grasp the rationale behind its structure and content. So before delving into the plan's actual details, let's take a moment to remind ourselves of the primary reasons why you'd want to create a nigerian restaurant business plan.

To have a clear roadmap to grow the business

Small businesses rarely experience a constant and predictable environment. Economic cycles go up and down, while the business landscape is mutating constantly with new regulations, technologies, competitors, and consumer behaviours emerging when we least expect it.

In this dynamic context, it's essential to have a clear roadmap for your nigerian restaurant. Otherwise, you are navigating in the dark which is dangerous given that - as a business owner - your capital is at risk.

That's why crafting a well-thought-out business plan is crucial to ensure the long-term success and sustainability of your venture.

To create an effective business plan, you'll need to take a step-by-step approach. First, you'll have to assess your current position (if you're already in business), and then identify where you'd like your nigerian restaurant to be in the next three to five years.

Once you have a clear destination for your nigerian restaurant, you'll focus on three key areas:

• Resources: you'll determine the human, equipment, and capital resources needed to reach your goals successfully.
• Speed: you'll establish the optimal pace at which your business needs to grow if it is to meet its objectives within the desired timeframe.
• Risks: you'll identify and address potential risks you might encounter along the way.

By going through this process regularly, you'll be able to make informed decisions about resource allocation, paving the way for the long-term success of your business.

To anticipate future cash flows

Regularly comparing your actual financial performance to the projections in the financial forecast of your nigerian restaurant's business plan gives you the ability to monitor your business's financial health and make necessary adjustments as needed.

This practice allows you to detect potential financial issues, such as unexpected cash shortfalls before they escalate into major problems. Giving you time to find additional financing or put in place corrective measures.

Additionally, it helps you identify growth opportunities, like excess cash flow that could be allocated to launch new products and services or expand into new markets.

Staying on track with these regular comparisons enables you to make well-informed decisions about the amount of financing your business might require, or the excess cash flow you can expect to generate from your main business activities.

To secure financing

Crafting a comprehensive business plan for your nigerian restaurant, whether you're starting up or already established, is paramount when you're seeking financing from banks or investors.

Given how fragile small businesses are, financiers will want to ensure that you have a clear roadmap in place as well as command and control of your future cash flows before entertaining the idea of funding you.

For banks, the information in your business plan will be used to assess your borrowing capacity - which is defined as the maximum amount of debt your business can afford alongside your ability to repay the loan. This evaluation helps them decide whether to extend credit to your business and under what terms (interest rate, duration, repayment options, collateral, etc.).

Similarly, investors will thoroughly review your plan to determine if their investment can yield an attractive return. They'll be looking for evidence that your nigerian restaurant has the potential for healthy growth, profitability, and consistent cash flow generation over time.

Now that you understand the importance of creating a business plan for your nigerian restaurant, let's delve into the necessary information needed to craft an effective plan.

Need a convincing business plan?

The Business Plan Shop makes it easy to create a financial forecast to assess the potential profitability of your projects, and write a business plan that’ll wow investors.

Information needed to create a business plan for a nigerian restaurant

Drafting a nigerian restaurant business plan requires research so that you can project sales, investments and cost accurately in your financial forecast, and convince the reader that there is a viable commercial opportunity to be seized.

Below, we'll focus on three critical pieces of information you should gather before starting to write your plan.

Carrying out market research for a nigerian restaurant

As you consider writing your business plan for a nigerian restaurant, conducting market research becomes a vital step to ensure accurate and realistic financial projections.

Market research provides valuable insights into your target customer base, competitors, pricing strategies, and other key factors that can significantly impact the commercial success of your business.

Through this research, you may uncover trends that could influence your nigerian restaurant.

You might find that customers may be looking for more spicy, flavorful dishes. Additionally, research may suggest that customers could be interested in Nigerian-inspired fusion dishes that combine traditional flavors with more modern elements.

Such market trends play a significant role in forecasting revenue, as they offer valuable data about potential customers' spending habits and preferences.

By incorporating these findings into your financial projections, you can present investors with more accurate information, helping them make informed decisions about investing in your nigerian restaurant.

Developing the sales and marketing plan for a nigerian restaurant

Budgeting sales and marketing expenses is essential before creating a nigerian restaurant business plan.

A comprehensive sales and marketing plan should provide an accurate projection of what actions need to be implemented to acquire and retain customers, how many people are needed to carry out these initiatives, and how much needs to be spent on promotions, advertising, and other aspects.

This helps ensure that the right amount of resources is allocated to these activities in order to hit the sales and growth objectives forecasted in your business plan.

The staffing and equipment needs of a nigerian restaurant

As you embark on starting or expanding your nigerian restaurant, having a clear plan for recruitment and capital expenditures (investment in equipment and real estate) is essential for ensuring your business's success.

Both the recruitment and investment plans must align with the timing and level of growth projected in your forecast, and they require appropriate funding.

A Nigerian restaurant may incur staffing costs such as wages for cooks, servers, dishwashers, and other staff, as well as payroll taxes and insurance. They may also need to purchase equipment such as ovens, grills, refrigerators, fryers, and other restaurant-specific items. Additionally they may need to purchase food supplies such as meats, vegetables, spices, and other ingredients.

To create a realistic financial forecast, you also need to consider other operating expenses associated with the day-to-day running of your business, such as insurance and bookkeeping.

With all the necessary information at hand, you are ready to begin crafting your business plan and developing your financial forecast.

What goes into your nigerian restaurant's financial forecast?

The financial forecast of your nigerian restaurant's business plan will enable you to assess the growth, profitability, funding requirements, and cash generation potential of your business in the coming years.

The four key outputs of a financial forecast for a nigerian restaurant are:

• The profit and loss (P&L) statement ,
• The projected balance sheet ,
• The cash flow forecast ,
• And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

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
• A healthy level of net profitability

This will of course depend on the stage of your business: numbers for a startup will look different than for an established nigerian restaurant.

The projected balance sheet of your nigerian restaurant

Your nigerian restaurant's forecasted balance sheet enables the reader of your plan to assess your financial structure, working capital, and investment policy.

It is composed of three types of elements: assets, liabilities and equity:

• Assets: represent what the business owns and uses to produce cash flows. It includes resources such as cash, equipment, and accounts receivable (money owed by clients).
• Liabilities: represent funds advanced to the business by lenders and other creditors. It includes items such as accounts payable (money owed to suppliers), taxes due and loans.
• Equity: is the combination of what has been invested by the business owners and the cumulative profits and losses generated by the business to date (which are called retained earnings). Equity is a proxy for the value of the owner's stake in the business.

Your nigerian restaurant's balance sheet will usually be analyzed in conjunction with the other financial statements included in your forecast.

Two key points of focus will be:

• Your nigerian restaurant's liquidity: does your business have sufficient cash and short-term assets to pay what it owes over the next 12 months?
• And its solvency: does your business have the capacity to repay its debt over the medium-term?

The projected cash flow statement

A cash flow forecast for a nigerian restaurant shows how much cash the business is projected to generate or consume.

The cash flow statement is divided into 3 main areas:

• The operating cash flow shows how much cash is generated or consumed by the operations (running the business)
• The investing cash flow shows how much cash is being invested in capital expenditure (equipment, real estate, etc.)
• The financing cash flow shows how much cash is raised or distributed to investors and lenders

Looking at the cash flow forecast helps you to ensure that your business has enough cash to keep running, and can help you anticipate potential cash shortfalls.

It is also a best practice to include a monthly cash flow statement in the appendices of your nigerian restaurant business plan so that the readers can view the impact of seasonality on your business cash position and generation.

The initial financing plan

The initial financing plan, also known as a sources and uses table, is a valuable resource to have in your business plan when starting your nigerian restaurant as it reveals the origins of the money needed to establish the business (sources) and how it will be allocated (uses).

Having this table helps show what costs are involved in setting up your nigerian restaurant, how risks are shared between founders, investors and lenders, and what the starting cash position will be. This cash position needs to be sufficient to sustain operations until the business reaches a break-even point.

Now that you have a clear understanding of what goes into the financial forecast of your nigerian restaurant business plan, let's shift our focus to the written part of the plan.

Need inspiration for your business plan?

The Business Plan Shop has dozens of business plan templates that you can use to get a clear idea of what a complete business plan looks like.

The written part of a nigerian restaurant business plan is composed of 7 main sections:

• The executive summary
• The presentation of the company
• The products and services
• The market analysis
• The strategy
• The operations
• The financial plan

Throughout these sections, you will seek to provide the reader with the details and context needed for them to form a view on whether or not your business plan is achievable and your forecast a realistic possibility.

Let's go through the content of each section in more detail!

1. The executive summary

In your nigerian restaurant's business plan, the first section is the executive summary — a captivating overview of your plan that aims to pique the reader's interest and leave them eager to learn more about your business.

When crafting the executive summary, start with an introduction to your business, including its name, concept, location, how long it has been running, and what sets it apart. Briefly mention the products and services you plan to offer and your target customer profile.

Following that, provide an overview of the addressable market for your nigerian restaurant, current trends, and potential growth opportunities.

Next, include a summary of key financial figures like projected revenues, profits, and cash flows.

Finally, in the "ask" section, detail any funding requirements you may have.

2. The presentation of the company

In your nigerian restaurant business plan, the second section should focus on the structure and ownership, location, and management team of your company.

In the structure and ownership part, you'll provide an overview of the business's legal structure, details about the owners, and their respective investments and ownership shares. This clarity is crucial, especially if you're seeking financing, as it helps the reader understand which legal entity will receive the funds and who controls the business.

Moving on to the location part, you'll offer an overview of the company's premises and their surroundings. Explain why this particular location is of interest, highlighting factors like catchment area, accessibility, and nearby amenities.

When describing the location of your Nigerian restaurant, you may want to emphasize its potential to draw in customers from a large and diverse local population. You could mention that the area has good transportation links, and that it is situated in a central, accessible location. You might point out that the area is home to many other restaurants, which could help to create an interesting and vibrant atmosphere. You could also emphasize the fact that the area could be an ideal spot for a Nigerian restaurant, due to its large population of people with an interest in African cuisine. Finally, you may want to emphasize the potential for growth and success in the area.

Finally, you should introduce your management team. Describe each member's role, background, and experience.

Don't forget to emphasize any past successes achieved by the management team and how long they've been working together. Demonstrating their track record and teamwork will help potential lenders or investors gain confidence in their leadership and ability to execute the business plan.

3. The products and services section

The products and services section of your nigerian restaurant business plan should include a detailed description of what your company sells to its customers. 

For example, your Nigerian restaurant could offer traditional Nigerian dishes such as jollof rice, suya, and egusi soup as well as classic favorites like grilled chicken and plantain. You could offer catering services for special events, host live music nights, and provide takeout and delivery services. All of these offerings will help to make your restaurant an attractive destination for customers who are looking for delicious, authentic Nigerian cuisine.

The reader will want to understand what makes your nigerian restaurant unique from other businesses in this competitive market.

When drafting this section, you should be precise about the categories of products or services you sell, the clients you are targeting and the channels that you are targeting them through. 

4. The market analysis

When presenting your market analysis in your nigerian restaurant business plan, you should detail the customers' demographics and segmentation, target market, competition, barriers to entry, and any regulations that may apply.

The goal of this section is to help the reader understand how big and attractive your market is, and demonstrate that you have a solid understanding of the industry.

You should start with the demographics and segmentation subsection, which gives an overview of the addressable market for your nigerian restaurant, the main trends in the marketplace, and introduces the different customer segments and their preferences in terms of purchasing habits and budgets.

The target market section should follow and zoom on the customer segments your nigerian restaurant is targeting, and explain how your products and services meet the specific needs of these customers.

For example, your target market might include busy professionals. These people often have limited time for preparing meals and may be looking for a convenient, tasty alternative. They might appreciate a restaurant that offers quick, affordable, and delicious options that cater to their needs.

Then comes the competition subsection, where you should introduce your main competitors and explain what differentiates you from them.

Finally, you should finish your market analysis by giving an overview of the main regulations applicable to your nigerian restaurant.

5. The strategy section

When writing the strategy section of a business plan for your nigerian restaurant, it is essential to include information about your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

The competitive edge subsection should explain what sets your company apart from its competitors. This part is especially key if you are writing the business plan of a startup, as you have to make a name for yourself in the marketplace against established players.

The pricing strategy subsection should demonstrate how you intend to remain profitable while still offering competitive prices to your customers.

The sales & marketing plan should outline how you intend to reach out and acquire new customers, as well as retain existing ones with loyalty programs or special offers. 

The milestones subsection should outline what your company has achieved to date, and its main objectives for the years to come - along with dates so that everyone involved has clear expectations of when progress can be expected.

The risks and mitigants subsection should list the main risks that jeopardize the execution of your plan and explain what measures you have taken to minimize these. This is essential in order for investors or lenders to feel secure in investing in your venture.

Your Nigerian restaurant could face a variety of risks. First, the restaurant may be vulnerable to food safety issues, such as contamination or spoilage. It is important to ensure that all food is prepared properly and stored correctly. Additionally, it is important to be aware of any food allergies customers may have so that they can be properly accommodated. Second, your Nigerian restaurant could be at risk of theft or damage. It is important to have a secure system in place for protecting the restaurant's assets. This could include installing security cameras, alarms, or other safety protocols. Additionally, it is important to make sure that any staff members working in the restaurant have been properly vetted and background checked.

6. The operations section

The operations of your nigerian restaurant must be presented in detail in your business plan.

The first thing you should cover in this section is your staffing team, the main roles, and the overall recruitment plan to support the growth expected in your business plan. You should also outline the qualifications and experience necessary to fulfil each role, and how you intend to recruit (using job boards, referrals, or headhunters).

You should then state the operating hours of your nigerian restaurant - so that the reader can check the adequacy of your staffing levels - and any plans for varying opening times during peak season. Additionally, the plan should include details on how you will handle customer queries outside of normal operating hours.

The next part of this section should focus on the key assets and IP required to operate your business. If you depend on any licenses or trademarks, physical structures (equipment or property) or lease agreements, these should all go in there.

A Nigerian restaurant may have two key assets and IP. Firstly, it could have a recipe for a signature dish, such as jollof rice, that may be unique to the restaurant. This IP could be protected through trademarks and patents. Secondly, the restaurant might have a well-known brand name that customers may recognize. This brand name may be registered as a trademark to help protect it.

Finally, you should include a list of suppliers that you plan to work with and a breakdown of their services and main commercial terms (price, payment terms, contract duration, etc.). Investors are always keen to know if there is a particular reason why you have chosen to work with a specific supplier (higher-quality products or past relationships for example).

7. The presentation of the financial plan

The financial plan section is where we will present the financial forecast we talked about earlier in this guide.

Now that you have a clear idea of what goes in your nigerian restaurant business plan, let's look at the solutions you can use to draft yours.

What tool should I use to write my nigerian restaurant's business plan?

In this section, we will be reviewing the two main solutions for creating a nigerian restaurant business plan:

• Using specialized online business plan software,
• Outsourcing the plan to the business plan writer.

Using an online business plan software for your nigerian restaurant's business plan

The modern and most efficient way to write a nigerian restaurant business plan is to use business plan software .

There are several advantages to using specialized software:

• You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
• You are guided through the writing process by detailed instructions and examples for each part of the plan
• You can access a library of dozens of complete business plan samples and templates for inspiration
• You get a professional business plan, formatted and ready to be sent to your bank or investors
• You can easily track your actual financial performance against your financial forecast
• You can create scenarios to stress test your forecast's main assumptions
• You can easily update your forecast as time goes by to maintain visibility on future cash flows
• You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

Need a solid financial forecast?

The Business Plan Shop does the maths for you. Simply enter your revenues, costs and investments. Click save and our online tool builds a three-way forecast for you instantly.

Hiring a business plan writer to write your nigerian restaurant's business plan

Outsourcing your nigerian restaurant business plan to a business plan writer can also be a viable option.

Business plan writers are experienced in writing business plans and adept at creating financial forecasts without errors. Furthermore, hiring a consultant can save you time and allow you to focus on the day-to-day operations of your business.

However, hiring business plan writers is expensive as you are paying for the software used by the consultant, plus their time, and their profit margin of course.

From experience, you need to budget at least £1.5k ($2.0k) excluding tax for a complete business plan, more if you need to make changes after the initial version (which happens frequently after the initial meetings with lenders or investors).

You also need to be careful when seeking investment. Investors want their money to be used to grow the business, not spent on consulting fees. Therefore, the amount you spend on business plan writing services (and other consulting services such as legal services) needs to be negligible relative to the amount raised.

The other drawback is that you usually don't own the business plan itself: you just get the output, while the actual document is saved in the consultant's business plan software - which makes it difficult to maintain the document up to date without hiring the consultant on a retainer.

For these reasons, outsourcing the nigerian restaurant business plan to a business plan writer should be considered carefully, weighing both the advantages and disadvantages of hiring outside help.

Ultimately, it may be the right decision for some businesses, while others may find it beneficial to write their business plan using online software.

Why not create your nigerian restaurant's business plan using Word or Excel?

I must advise against using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write your nigerian restaurant business plan. Let me explain why.

Firstly, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is highly technical and requires a strong grasp of accounting principles and financial modelling skills. It is, therefore, unlikely that anyone will fully trust your numbers unless you have both a degree in finance and accounting and significant financial modelling experience, like us at The Business Plan Shop.

Secondly, relying on spreadsheets is inefficient. While it may have been the only option in the past, technology has advanced significantly, and software can now perform these tasks much faster and with greater accuracy. With the rise of AI, software can even help us detect mistakes in forecasts and analyze the numbers for better decision-making.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Moreover, software makes it easier to compare actuals versus forecasts and maintain up-to-date forecasts to keep visibility on future cash flows, as we discussed earlier in this guide. This task is cumbersome when using spreadsheets.

Now, let's talk about the written part of your nigerian restaurant business plan. While it may be less error-prone, using software can bring tremendous gains in productivity. Word processors, for example, lack instructions and examples for each part of your business plan. They also won't automatically update your numbers when changes occur in your forecast, and they don't handle formatting for you.

Overall, while Word or Excel may seem viable for some entrepreneurs to create a business plan, it's by far becoming an antiquated way of doing things.

• Having an up-to-date business plan is key to maintaining visibility on your future cash flows.
• A business plan has 2 parts: a financial forecast highlighting the expected growth, profitability and cash generation of the business; and a written part which provides the context needed to interpret and assess the quality of the forecast.
• Using business plan software is the modern way of writing and maintaining business plans.

We hope that this guide helped you to better understand how to write the business plan for a nigerian restaurant. If you still have questions, do not hesitate to contact us.

Also on The Business Plan Shop

• How to write a 5 years business plan
• Business plan myths

Know someone who owns or wants to start a nigerian restaurant? Share this article with them!

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

Create a convincing business plan

Assess the profitability of your business idea and create a persuasive business plan to pitch to investors

500,000+ entrepreneurs have already tried our solution - why not join them?

Not ready to try our on-line tool ? Learn more about our solution here

Need some inspiration for your business plan?

Subscribe to The Business Plan Shop and gain access to our business plan template library.

Need a professional business plan? Discover our solution

Write your business plan with ease!

It's easy to create a professional business plan with The Business Plan Shop

Want to find out more before you try? Learn more about our solution here

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

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.

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.

Recommended: Hardest Courses to Study in the University

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.

Also see: Differences Between Extensive and Intensive Reading

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.

Recommended: Advantages and Disadvantages of being a Leader

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.

Recommended: Highest Paying Companies in Nigeria

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.

Also see: Best Handworks to Learn in Nigeria 2022

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.

Recommended: Past Leaders of Nigeria Since 1914 till today

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.

Recommended: Differences Between First and Second-Generation Computer

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.

Recommended: Best Affiliate Programs in Nigeria 2022: Top 10 Highest Paying

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.

Recommended: Differences Between Democracy and Autocracy

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.

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.

Recommended: Most Popular Sports In The World 

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.

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.

Recommended: Differences Between Interpersonal And Intrapersonal Communication

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.

Leave a Comment

You must be logged in to post a comment.

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

How to start a profitable medium scale yam flour mill in Nigeria

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.

Related Articles:

How to start Groundnut Oil Production In Nigeria

How To Start Garri Processing And Packaging Business In Nigeria

Thank you for reading this post, don't forget to subscribe!

Share this:

Are you interested in receiving the latest grant, funding, and business opportunities? Join our newsletter for free and stay updated! Click here to join our newsletter Join our community: Join our WhatsApp group Join our Telegram group Join our Facebook group

About The Author

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed .

• Thu. Apr 18th, 2024

NG Business

NGBusiness Gives You Access To Over 100 Business Plan Samples As Well As Other Important Business Related Information...

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.

CHAT WITH US ON WHATSAPP FOR YOUR

Business plans and feasibility studies to get a discount.

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 .

Other Business Plan

Supermarket Business Plan In Nigeria

Catfish Farming Business Plan In Nigeria

Fish Farming Business Plan In Nigeria

Solar Energy Installation Business Plan

Haulage & Trucking/Logistics Business Plan

Cooking Gas (LPG) Plant Business In Nigeria

Related Post

Cashew nuts production business plan (2024 doc), coconut chips processing business (2024 doc), hotel business plan in nigeria (2024 doc), leave a reply cancel reply.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Valuation Of Long Term Investments

Afdb $25m loan for nigerian smes approved, cbn agric loan – 2023/2024 application and registration, cbn loan – 2023/2024 eligibility and how to apply.

Business Plan Hub

Restaurant Business Plan In Nigeria

April 21, 2020 by admin 12 Comments

Restaurant Business Plan In Nigeria- Note; This Business Plan is regularly updated and can also be used for Bank Loans ETC. Our Restaurant Business Plan In Nigeria will enable you build your business well.

Have you always loved cooking or you want to be in the food business? then  i guess you are in right place because here is a detailed sample restaurant  business plan in Nigeria / teach you how to start and successfully run a restaurant business.

Base on research we have made we found out that the restaurant business is  one of the surest businesses in Nigeria, which is as a result of the fast  growth occurring in the food industry generally. Note that no matter how  attractive it may seen, a great amount of care and caution needs to be applied in starting a restaurant business, because as the saying goes “good  thing don’t come easy”. For you to be able to setup a very good and  attracting restaurant you need a restaurant business plan.

Executive Summary

Business Description

Products and services Market Analysis Competitor Analysis Sales and Marketing Plan

Operational Plan Management plan

Financial Plan and Projections

Place an order to get YOUR FAST FOOD RESTAURANT BUSINESS PLAN. To place an order pay N10,000 to

Account Name- Oliver Uwadia

Account No- 3094192129

After payment text your name, your e-mail address and bank teller number or your transfer reference number to 08107015636 and A Copy of our Restaurant Business In Nigeria Feasibility/Business Plan and Manual will be send to  your email immediately after your payment has been confirmed.

After reading this article you can be sure of starting a restaurant business that of will give you a good run for you money.

Step by step guide to starting your restaurant business

Starting a restaurant- Sample business plan

1. Have the right mindset

The main thing about the restaurant business is that it is more of a service  business than product based business satisfying customers is your utmost  priority and ultimate task.

When you have a restaurant you will have a very challenging and demanding role because you are dealing with humans and dealing with humans is the  most challenging and demanding and this is a crucial part of the business, so you have to be very prepared to take up this duty, In order to be able to succeed in this business you will have to put up with all sure of things  that would come your way because that comes with the job.

In order to be successful you have to get much information/ knowledge as possible about the food industry. Having the knowledge of the business you are going into is very important because knowledge is power. Note having just knowledge is not just enough but the right usage can be of great help. Hence, to be successful in the business, you need to know everything about  what you are going into, so as not to be dealt with by surprises.

2 Make out a business plan for your restaurant business

For you to be able to succeed in restaurant business, you need a practical plan that you can consult from time to time. Because without a good plan your Restaurant business will not be successful.

For you to have investors who would be willing to invest handsomely in your restaurant you will have to present a plan, a logical, practical and realistic plan. However, you cannot create an excellent professional proposal without knowing the components of a restaurant business plan first.

Get our other business pla in Nigeria

• Supermarket in Nigeria PDF
• Cooking Gas  In Nigeria PDF
• Cucumber Farming  In Nigeria PDF
• Standard Cassava Processing  with 3 Years Financial Analysis

After payment text your name, your e-mail address and bank teller number or your transfer reference number to 08107015636 and A Copy of our Restaurant Business In Nigeria Feasibility/Business Plan and Manual will be send to your email immediately after your payment has been confirmed.

3.YOUR BACKGROUND

In order for your Business Plan to be convincing enough to it’x readers or investors, your professional experience has to be included, which is necessary because it goes a long way in determine whether you can be trusted in the business or not

Before you go into this kind of business you have to possess some kind of skills that is related to restaurant. Many would asked what kind of experience do you have in the food industry if you get an excellent background then you are a gold mine.

Your restaurant business plan also has to do with overall goal of the restaurant, a description of your target and pincing. the last part is your advertising and marketing plan.

4. Start with the big three.

The big 3 includes, a great location, a great chef and a great concept.

For a restaurant to be able to be successful they must have the big three that was mentioned above . Accessibility is very important, because the more accessible your restaurant is, the more success you stand to achieve. Note you in term of concept, you have to select your food concept and your service style as they are what will make you different, make you unique and place your business in demand.

5. Select Primary Location

The main thing to include while making a restaurant business plan is the prospective location where you will build your business establishment. The location should be competition free and filled with people who usually visit other areas just to eat. The best way you can get the right information you can use to find the an excellent spot for your business are restaurant review websites and local newspapers.

6. Alternative Prospect Location

It is always advice to individual who want to start restaurant business to always have more than one location. This will help in case you have problem with one of the location you can still have option to chose from.

However, you must not forget to include a photo and a brief description on every location you take account of in your proposal in addition, you must also take note of the things you believe that will contribute to the success of the restaurant you will build.

7. Draft The Restaurant Menu

This is also an important aspect while writing your business plan, of course you have to remember to write down the menu of your restaurant. It is recommended that you should create a menu that you can surely serve once you launch your business.

The menu should include the special dishes your chefs and kitchen personnel can provide to your potential consumer. Together with the specialty dishes, you must include some national or local dishes in your menu to attract customers immediately.

Note: having the right menu for your restaurant can either make or man your restaurant. The menu of a restaurant should be in line with the overall concept of the restaurant. Once you are done create your restaurant menu, revisit your restaurant business plan to make sure the menu is attractive to your business plan

When starting your Restaurant you should have a list of restaurants suppliers, when developing your restaurant business plan, a list of ingredients or food suppliers must be add. An individual who wants to start a restaurant business should compile the name and location of suppliers together with the prices of their suppliers, and discounts that they can offer. While also including the potential supplier of your restaurant’s furniture sets and equipment on the list.

8. Do your financial estimates and projections

Always include project of possible profit of your venture in your restaurant business plan. While complying your estimate, you must state the operation cost, anticipated income and overhead costs that your restaurant will have quarterly in the next four to five years. It is always advisable that you use line charts to display your data, this way is done by many and it’s said to be the easiest way for your audience to have a clear view of your projection.

9.Raise the needed capital for the Restaurant Business.

While complying your business plan or when writing your business plan, you will know how much you will be needing to start up your restaurant business. If you are planning how to setup your restaurant business and you  don’t know how much would be needed, it is advice able to you visit other restaurant owners and seek advice from there.

While seeking help from other restaurant owners talking to them can help you. Because it would give an idea on how you can project your expected startup cost. Restaurant owners raise capitals in so many ways to start up  their restaurant business. It can either by taking loans from banks or taking advantage of government programs that concerns small business owners and many more.

10. Employ people.

One of the major problems or challenges restaurant face is lack of qualified or experienced workers. When looking for work personal or employee, make sure to state clearly the exact character, qualities or skills you are looking for in an employee. Be sure of what you want don’t just make do of anyone that just shows up.

This will help you get experienced workers. When advertising specify the state and job description and responsibilities of the kind of employees that you want. Also, try to find out what other restaurant are paying their employees.

10 CREATIVE IDEAS FOR MARKETING A RESTAURANT BUSINESS.

You may ask, what are the best creative marketing ideas for a restaurant business? How do I promote my restaurant or fast food business? How do I find customers and increase my brand awareness? For your answers, read on.

Note; Don’t just rely on traditional technique intends of marketing tactics even though many traditional technique still stick true today, technology and trend varies can help you intends of marketing tactics. Things are changing you should adapt to it also. New strategies, like environmental and internet marketing are coming up as key components of any successful restaurant marketing campaign.

We listed top ten ideas or tips for marketing your restaurant business all you have to do is follow it all and I guess your business who be one of the best.

However, I want you to know that while preparing a marketing plan for your restaurant is important to the successful execution and of implementation of your marketing strategies.

1. Develop a website to promote your restaurant.

2. Get good press publicity

3. Host events

4. Re – design your restaurant menu Implement frequency marketing

5. Commit to going green

6. Try up – selling your customers Market your take-out and delivery services

7. Promote your restaurant through email.

8. Get testimonials from your loyal customers.

9. Start a Google Adword Campaign Promote your business on social media Network with other restaurateurs and customers.

10. Dress your employees in smart uniforms.

Also Involve your customers in a competition. You should have this in back of your mind that because you are reading this post do not have effect in your business. You have to implement what you read here and make big difference and improve your service and your style.

10 CHALLENGES OF RUNNING A RESTAURANT BUSINESS.

Are you interested in starting and running a restaurant business? Or you  want to buy a restaurant franchise? Do you want to know the challenges of running a restaurant business? So as not to be hit with surprises. Then read on.

Been a owner of a restaurant business has it’s own ups and downs there are quite a number of challenges and obstacle that you have to overcome before your restaurant business can be among the best in the country. Those are already own a restaurant business knows how hard it is to keep their business up and running smoothly. Owning a restaurant business requires a lot of commitment and self dedication.

As you are new into the foodie market, you have to be able to handle the challenges and obstacle and know what to do to avoid them or counter them. Without going about below are ten challenges of running a successful restaurant business.

Restaurant Business Plan – Starting A Restaurant Business Sample Template

Hiring good employees for your restaurant business.

The kind of employee you hire for your restaurant business is very important. For you to be able to manage your restaurant business successful is for you to hire capable and dedicated staff. You should employ skilled and experienced personal, especially in the area of cooks and services, because the kind of services people get from your restaurant determine if  they would come back or not or how the food teats.

When employing especially a server, you have to go for individuals that are not highly temperamental, you have to employ an individual who always smile, because first impression really matters. The appearance of a server is very important because they send a massage to the customer. Now how do you know a person with good character? The answer is quite simple: put them to test.

Hurry now, GET YOUR FAST FOOD RESTAURANT BUSINESS PLAN. To place an order, pay N10,000 to

First Bank- Oliver uwadia

Account number- 3094182129

Retaining skilled staff.

The next challenge most business face is restraining skilled and experienced work personal. When you have skilled and experienced employee you have great asset, because skilled and experienced work personal are especially important to any business venture. When an employee works over time it grows in skill and job experience..

So when that particular employee leaves, the experience gained over the years is gone. Thereby, leaving a huge vacuum in your business. Some times is not their fault, because big industries are always in the habit of poaching experience staff from smaller companies.

For you to be able to keep you employee as a restaurant owner, you are expected to offer certain benefits to your staffs to keep them loyal to Time, such as health insurance and many more

Cost control

Cost control is one of the challenges that restaurant business owners face. When running a restaurant business, you need to maintain an eagle eye on your cost and finances because your expenses can be very high without you not even knowing how it got that high, because prices of food stuffs change constantly. For you to be a good business person you must learn to control costs. This implies you have to be wise in spending with money and time.

To be able to achieve effective cost control, you as the business owner should examine every business related expenses and look for how you can save. First thing you do is avoid waste in the kitchen, the second thing is avoid serving spoiled food or poor preparation of food and many more. All these things bring about unnecessary cost and reduced earnings. .

Lack of experienced employees in your restaurant.

Most employee in restaurant business are often young and inexperienced. When you hire a new worker, you as the employer has to put them though a two weeks training or one week, because the employee need to learn all  about the restaurant skills and they also need to adapt to a restaurant work environment in general. As the employer it is your duty to give sufficient time, energy and orientation to the employee to able them know what to do and how to do it for the growth of your restaurant business. our Restaurant Business Plan In Nigeria  will enable you build your build well.

Maintaining good customer service.

Good food alone can’t keep customers coming back to restaurant. It takes good food and excellent customer service to keep them coming back at all times. There is a saying ” The customer is always right” as a business  owner you will always believe that because you want them to keep coming back to your restaurant, how do you deal with your customers complaints and how you appreciate your customers matters a lot. If you want to have a regular in restaurant then you have to build a customer service that can handle bad or rude customers effectively.

Competition

The food industry has a lot of competitions, it is more of the survival for the fittest as there must be other restaurant that exist in the same location where your own restaurant is located. That why you should maintain strong, distinguishing morals and values that will separate your restaurant from every other restaurant within your area.

Maintaining a strong management team in your restaurant business.

For your restaurant business to grow you need a strong management team. Management is a very crucial ingredient in a restaurant’s success. When you always make changes in management that can lead to change in vision and leadership method and this can lead to disorientation of employees. Having a committed, experienced and passionate manager will go a long way to bring success to your restaurant. Get our Restaurant Business Plan In Nigeria

Risk management in Restaurant Business

Good things don’t come easily and the same applies with restaurant business. While running a restaurant business you will have to deal with all sorts of potential hazards, starting from miner employee, training issues to major liabilities. In restaurant business little problem can be of disastrous financial repercussion. You can managed risk by incorporating safety procedures, as well as by securing your establishment with insurance against injuries, damages and accidents.

Constant menu change in Restaurant Business.

While running a restaurant business, you have to always be on board with constant menu change. As a restaurant owner, you have to take a periodical review of which items are selling very well and which are not and always update your menu with new, after all variety is the spice of life. This can pose quite a challenge especially when your business is still young and you lacks adequate manpower.

Marketing in Restaurant Business

The last but not the least challenge is marketing your restaurant business. Marketing is always a challenge to every business and not just the restaurant business alone. The way your business is marketed and the style and strategy employed will greatly determine the number of customers you will get and how popular your restaurant will be. Internet marketing is the most easier way of marketing. You can get a good web designer to design your business online.

But you have to understand that the best form of marketing for a restaurant business is word – of – mouth marketing. It is the cheapest and most effective form of marketing but you need to be creative, innovative and customer service oriented to be able to generate and maintain it. Get our Restaurant Business Plan In Nigeria  to help you build you business.

TABLE OF CONTENT

Executive Summary Introduction Business Description Products and services Competitive Advantage Market Research Competitor Analysis Sales and Marketing Plan Operational Plan Business Risk Management and Structure Financial Plan and Projections

After payment text your name, your e-mail address and bank teller number or your transfer reference number to 08107015636 and A Copy of our Restaurant Business In Nigeria Feasibility/Business Plan and Manual will be send to your email immediately after your payment has been confirmed

OTHER BUSINESS PLAN IN NIGERIA WITH RECENT UPDATE

• Kerosene Business Plan In Nigeria Feasibility Study
• Snail Farming Business Plan In Nigeria PDF
• Cosmetics Business Plan In Nigeria Latest Edition Feasibility
• Haulage Business Plan In Nigeria Feasibility Study PDF
• Logistics Business Plan In Nigeria Feasibility Study PDF
• Pharmacy Business Plan In Nigeria Latest Edition Feasibility Studies PDF
• Nursery & Primary School Business Plan In Nigeria Feasibility Study PDF
•  Nylon and Polythene Bag Production Business Plan  in Nigeria PDF
•  Supermarket Business Plan in Nigeria PDF
•  Goat Farming Business Plan In Nigeria Latest Edition And A Feasibility Study

Share this:

[…] Restaurant Business Plan In Nigeria/ Latest Edition feasibility studies proposal […]

[…] a pure water production company  you need a line of costumers such as Restaurant and many […]

[…] most households in Nigeria and around the world. For example In Nigeria many houses, hotels and restaurant prepare their meal with snails, those in the village do it all the time it is the meat or their […]

[…] you have standard fish farming business you might be supplying a lot of Restaurant and other beer parlor all this are line of costumers that at the end of the day you would know the […]

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

{{#message}}{{{message}}}{{/message}}{{^message}}Your submission failed. The server responded with {{status_text}} (code {{status_code}}). Please contact the developer of this form processor to improve this message. Learn More {{/message}}

{{#message}}{{{message}}}{{/message}}{{^message}}It appears your submission was successful. Even though the server responded OK, it is possible the submission was not processed. Please contact the developer of this form processor to improve this message. Learn More {{/message}}

Submitting…

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.

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.

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.

Join Africa Business Newsletter

Receive Opportunities and insight around the Nigerian and African startup ecosystem right into your inbox every month

Congrats for Joining Africa Business Newsletter

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

Related Post

How To Start A Bike Logistics Business In Nigeria In 2024

by Micaherumaka | Mar 25, 2024

How to start a Bike logistics business in Nigeria is one of the easiest things you'll ever do as an entrepreneur in...

Complete Guide: How to Start a Sand Mining and Supply Business in Nigeria

by Micaherumaka | Nov 2, 2023

Introduction The sand mining and supply business in Nigeria is not just a trade; it's a foundational cornerstone that...

Poultry Farming Business Plan In Nigeria / Feasibility

Poultry Farming Business Plan in Nigeria Feasibility/Business Plan PDF / DOC Our Poultry Business Plan is full of help...

• Click here - to use the wp menu builder

Namur Fuel Economizer reviews

Igoglobal international, how to become namur super store (stockist), namur elite international.

Namur fuel price in Nigeria

Subsistence farming in Nigeria

Dog farming business in Nigeria, How profitable

How to start Banana farming in Nigeria

How to start Pineapple farming in Nigeria

The Difference Between Red, Yellow and Green Bell Pepper

How To Start Restaurant Business In Nigeria (Buka/Joint)

How profitable is Restaurant business? Food business is highly profitable, I used the word ‘highly’ because saying profitable alone might be an understatement. Food is regarded as the number one basic need of man amongst shelter and clothing. Whether you are fasting or busy you will still eat after all so nobody can escape not eating food.

Because of the rush in life many people cannot spare time to cook, some can’t even create time to go to the market to buy foodstuff not to talk of cooking. For some people it is because of the nature of their job while others it’s because they are damn too lazy.

Buying of already prepared food from buka cuts across all status; married and the unmarried. How about students, ah! let’s not go there we have plenty of them that form aje butter. There are many names given to food business, here are some of the names; restaurant, food vendors, mama put , buka and joint, eatery, canteen. The way it is operated determines the name.

Restaurant business in Nigeria, has been in existence right from time immemorial because of the increase in knowledge and sophistication it has been taken to another level.

Mr. Biggs started with snacks, ice cream and drinks but now they have included village kitchen where they serve local delicacies. Almost all the fast food joints are converting to restaurant. What is trending now is amala joint so you can carve a niche for your restaurant business.

Restaurant business is one business that you can start and grow within a short time. So many people that started as mama put have upgraded. It is very easy to start and grow but not easy to manage, it requires your time, energy, intelligence and the will power.

Things needed to Start Restaurant Business

• Utensils ( pots,kettles, frying pan etc)
• Cutlery (spoons, forks, knife etc)
• Toothpick/container
• Containers for spices; ground pepper, garlic, salt etc.
• Stove or gas cooker
• Fridge/Freezer
• Fan/Air conditioner
• Television or radio

7 steps to start Restaurant Business in Nigeria

• restaurant business plan

It is ideal to situate your restaurant in a visible and populated area. You can establish it in a market place, school environment, motor park, office area especially where many offices are located example banks. Others are commercial centres, institutions etc.

You have to rent or get a shop according to the type of restaurant business you are setting and the capital at your disposal. If it is executive restaurant you can get a big and spacious shop so that you can arrange the chairs in a manner that they won’t be too close to each other.

Have you visited a buka before and you have to squeeze yourself to pass a table to your own, it is what many people frown at. You need a store in your shop where you will be keeping washed equipment and foodstuffs.

There should be a space for washing of utensils and where prepared food are kept for dishing. A canter should be built if your customers will have to place order and pick the foods by themselves.

You have to get reasonable amount of money at hand before commencing your buka and joint business. Sew your cloth according to the size of your cloth, that’s actually an adage that make sense big time.

Start with what you have and grow it or get a loan. Before getting loans write out your restaurant business plan after taking feasibility study in restaurants around your area.. Another way of getting starting capital is to ask friends and family for help.

Even if you are establishing your eatery business for people to manage for you, still you have to get some knowledge on how buka business is done. It will help you know what to expect and what it entails. Go to a restaurant that is viable and get some training or you employ qualified caterer and smartly learn from them.

Employ Good Hands

One of the things that will keep people coming to your restaurant is when you serve delicious meals. Employ at least a caterer to take care of the cooking then employ other hands to help in both the cooking and serving. As I said before restaurant business is very stressful, you can’t do it alone except when you are starting or you have but few targeted audience.

Depending on the size and how busy your restaurant is employ not less than 2 persons for food service. You won’t like to keep people waiting for to long, before serving them food. If you are doing that then you are loosing customers because so many people can’t bear it.

Naturally, people are attracted to good things and nice environment. Set up your buka and joint business in an organise way. The environment should be neat and smell good. You will not want people to be fighting with flies while eating. If possible, sew uniforms for your staff; appron and hair cover.

Cleanliness is said to be next to godliness so take this very serious in your canteen business.

Restaurant business plan

What people succeed in business fast is having a blue print. It will be ideal to write a restaurant business plan so as to be guided in the business idea.

The Cost of Setting Up Restaurant Business

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.

How Profitable is Restaurant Business

It is very lucrative. You can make not less than #50,000 to #100,000 daily on food business. For rice alone you can make more or the same amount you bought it. If you sell variety of foods then you are made. By the time you add other things like the sell of drinks etc. You will count your blessings.

To increase profit, buy food on wholesale.

Foods To Cook

• Rice and stew
• Jollof rice
• Coconut rice
• Plantain pottage or fried
• Eba and soap
• Pounded yam and soup
• Semo and soup or stew

Make different delicacies such as amala, ekpang nkukwo, edikang ikong soup, white soup, ohia soup, gbegiri, miea nkuker, twoo etc. Sell othervthings like assorted drinks, snacks , water, boiled eggs, fried meat, chicken and so on.

Food doesn’t really need much advert, a good food will advertise itself. People that have tasted and enjoyed your food will direct others to your shop.

You can advertise on social media such as Facebook, Instagram etc if you want to capture a wider audience.

Add f ood delivery business to your buka and joint because people that can’t go out especially bankers now order for home delivery.

Start your restaurant business today don’t wait until you have plenty money. You can start from your home then upgrade as you expand.

The things that will make your business outstanding and draw more customers to you are:

• Good customer care
• Availability
• Serve hot food

People should not come and be waiting for food to be ready. Wake up on time and cook the foods. You and your staff should be friendly to customers, people love such places. The price should be moderate so that you can capture plenty customers. The more the customers the more money you make.

If this post was useful to you, Please follow us on  Facebook and Twitter. Use the comment box for your questions and get a prompt response and don’t forget to subscribe to our newsletter below, just enter your name and email address.

• Buka and Joint
• Food vendor
• restaurant business in Nigeria

15 COMMENTS

Thank u so much for your lecture I really want to know what time can one get up to cook and meet up before customers will start coming to the shop

SOME PEOPLE WAKE UP AS EARLY AS 3AM, YOU SHOULD WAKE AT LEAST NOT LATER THAN 5AM

Thanks very much for this information. I am framing of owning an hotel in the future, but I will be starting with a restaurant first. I find this information handy.

Nice idea, I work in a kitchen in a hotel,and am telling you the profit is huge, my boss pays the hotel 4 million monthly and still makes her own good profit, I have the knowledge of how it’s been run and am planning on starting up my own restaurant soon

Thanks @Stephane for this assertion. Please do, kind regards

Thank you for your lectures I really learn alot , but how much do I really need to start up a small mama put restaurant

outside shop 200k and above

THANKS SO MUCH FOR D LECTURES I REALLY LRARNT ALOT, AM ABOUT TO START A CANTEEN HAVE GOTTING A SHOP JUST TO SET IT UP NOW I WISH MY SELF BEST OF LUCK

I am happy for you dear and wish you the best. Congratulations Don’t forget to tell us your success story so others can be encouraged

Wow this is great like seriously I have always been dreaming to own a very good restaurant but am just scared and don’t know how to go about it as it is my first step to take but with this mother LLY or moderated pice of advice am their already so thank you so much ma God Bless you 🙏

Thanks so much is very helpful

You are welcome Loveth

yes ma , i am framing of having a commercial restaurance and even get license and permit from the government. so my question is that like how much will be enough to start the large scale business?

It deepens on the scale, 1million is a good start

LEAVE A REPLY Cancel reply

Save my name, email, and website in this browser for the next time I comment.

Notify me of follow-up comments by email.

Notify me of new posts by email.

Most Popular

Recent comments, editor picks, transportation business in nigeria: how profitable, keke hire purchase business in nigeria: model plan, popular posts, complete guide on pawpaw farming in nigeria(papaya), how to start pos business in nigeria (withdrawal/transfers), how to start provision store business in nigeria for profit, popular category.

• business 304
• agriculture 91
• Online Business 50
• online wealth tips 4
• freelance 3

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.

You may also like...

21 Realistic Ways to Make 5000 Naira Daily Without Investment in Nigeria 2024

How to Transfer Money from First Bank to Opay Account [USSD & App]

20 Realistic Ways to Make 500 Naira Daily in Nigeria 2024 [Online & Offline]

3 responses.

• Pingbacks 0

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?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

• Next How to Start a Dispatch Rider Business in Nigeria in 2024
• Previous Cement Business in Nigeria: The Ultimate Guide to Get Started in 2024

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.

Snail Farming Business in Nigeria: [ Guide for Beginners ]

Hotel business in nigeria: [ complete idea to get started ], related articles.

20 Tips to Open Small Chops Packaging Kiosk

How to Start an Egg Supply Business in Nigeria (2023)

How Much Do You Need to Immigrate to Canada?

The Ultimate Business Plan Outline

Understanding Risk and Return in Investments

How to Becoming a BUA Cement Distributor

Leave a reply cancel reply.

Start a Succesful Restaurant Business in Nigeria in (9) Easy Steps

Share This Post!

Starting a restaurant, buka, or mama put business is an exhilarating journey that demands careful planning and wise decision-making. 

In Nigeria, our love for delicious meals makes the food industry thrive. Like me, I explore various cuisines in Lagos each weekend, craving new and delightful experiences. 

Before you embark on your own restaurant venture, it’s essential to understand the unique challenges and opportunities awaiting you.

Building something from scratch is never easy, but take solace in the success stories of companies like Crunchies, Kilimanjaro, and Genesis. 

For one, you can start a restaurant business in Nigeria with only N50k and grow that money to more than N200k.

I understand the importance of running a restaurant business because I grew up in eastern Nigeria, where my mother owned a restaurant. 

When it comes to this area, there are four key factors that ensure your success:

• Location : The position of your shop determines what you can sell and how you can sell it. If you set up your restaurant where people have money, you can easily prepare a meal and sell it for N1000.
• Food Taste : Nigerians truly appreciate delicious meals. If your food tastes amazing, you have a great advantage because Nigerians love good food.
• Cleanliness : Keeping your restaurant clean is crucial. It attracts more people to eat at your place. When your environment is hygienic, customers feel comfortable and are more likely to visit again.
• Customer Treatment: How you treat your customers matters a lot. It determines if they will come back and bring their friends after their first experience. Providing excellent customer service is key to building loyalty.

In this article, I will share 15 secrets that will help you establish a successful restaurant business in Nigeria. 

These tips have been tested and proven to deliver exceptional results. Let’s dive in.

How Profitable is Restaurant Business in Nigeria?

The restaurant business in Nigeria is a great way to make money. It is a lucrative business as Nigerians love tasty food and eating out, so there’s always a demand for restaurants. 

In the morning, many people go to restaurants for breakfast because it saves time. During lunchtime, more people eat at restaurants. 

And on weekends, lots of people go out, so having a restaurant that meets their needs can make you lots of money. 

But running a successful restaurant takes careful planning, hard work, and knowing what people like. You need to offer unique experiences, serve delicious food, and make customers feel special. 

While it can be tough, if you work hard and make people happy, you can make a lot of profit for sure.

Related Post: 14 Profitable Businesses You Can Start With 70K in Nigeria

How Much Do I Need to Start a Restaurant Business in Nigeria

To start a buka or restaurant business in Nigeria, you will typically need a minimum of approximately ₦500,000 to ₦3,000,000 or more.

This amount includes expenses for location rental, kitchen equipment, utensils, licenses, and permits, initial ingredients and supplies, staffing, and marketing.

Keep in mind that these figures are estimates and can vary based on factors such as location, size, and specific requirements of your restaurant business.

Related Content: How To Make 3000 Naira Daily In Nigeria

Equipment Needed to Start a Restaurant in Nigeria

Here are 15 essential equipment items commonly needed for a buka or restaurant business in Nigeria:

• Gas Cookers or Stoves
• Griddle or Flat Top Grill
• Commercial Blender
• Refrigerator or Freezer
• Food Warmer or Bain-Marie
• Food Processor
• Commercial Oven:
• Commercial Microwave
• Industrial Mixer
• Stainless Steel Prep Tables
• Utensils and Cutlery Including pots, pans, knives, spoons, and tongs.
• Commercial Sinks: Used for dishwashing, handwashing, and food preparation.
• Food Storage Containers
• Cash Register or Point-of-Sale System

These equipment items form the core of a buka or restaurant business.

Electronics Needed for Restaurant Business in Nigeria

• Air conditioners
• Sound system
• Television 

How to Start a Buka or Restaurant Business in Nigeria

1. Learn How to Cook

The first step in this business is to learn how to cook the dishes you plan to sell. Learning how to cook will save you from unnecessary difficulties.

If you lack confidence in your cooking skills, consider hiring someone who is experienced in cooking.

Hiring someone is expensive, but you can reduce costs by hiring someone you know well, such as a friend or a family member..

When hiring, choose someone you can communicate with. They should understand your vision and what you aim to achieve.

It’s crucial to ensure that the person you hire knows how to cook the dishes you plan to sell.

As mentioned earlier, finding a good location for your business and serving delicious meals are key factors for success in the restaurant industry in Nigeria.

Maintain high cooking standards in your establishment once you open. Consistency is vital.

After a few months of running your business, develop a backup plan in case your main cook is unable to work. Having a plan B will help you stay in business when faced with unexpected setbacks.

2. Conduct Market Research

Before you start your restaurant business, it’s important to do thorough market research. This will help you understand what people like to eat, the times they prefer to eat, and the days they tend to dine out.

Begin by studying the preferences, dining habits, and spending capacity of your potential customers. Learn about their tastes, dietary preferences, and popular cuisines in your target market.

It’s also beneficial to visit similar restaurants in your area and observe their operations. Take note of their menus and observe how their customers behave. 

This first-hand experience will give you valuable insights and help you identify unique selling points for your own restaurant.

You can learn more on 10 Best Tips for Conducting Market Research in Nigeria

3. Define Your Restaurant Concept

To stand out in a competitive market, it is crucial to develop a unique restaurant concept. 

Think about the type of meal you want to offer, the ambiance, and the overall dining experience you want to create for your customers. 

Consider factors such as target audience, location, and market demand when defining your concept.

• Are you aiming for a casual dining experience or an upscale restaurant? 
• Will you specialize in a specific cuisine or offer a diverse menu? 
• Will your restaurant be a place where workers come to eat in the morning, or where lovers come to dine in the evening?

Clearly defining your concept will help you create a cohesive brand identity and attract your target customers.

4. Choose an Ideal Location

When choosing a location for your restaurant, think about your customers and look for areas where many people pass by, like busy streets or marketplaces. 

It’s also good to be close to residential and commercial areas, so people can easily reach you.

Check if there’s enough parking space for customers who come with cars. Also, see how many other restaurants are around. 

If there are already many, you will face tough competition. But if there’s a gap in the market, you have a chance to stand out.

Consider the vibe of the neighborhood too. Is it a place where people live, or is it more of a business area where people work and visit regularly?

Don’t forget to think about the cost. Make sure the rent or purchase price fits your budget and matches what you expect to earn from the restaurant.

Finally, check the rules and regulations for that area. Ensure that the location is allowed for a restaurant business according to local laws.

Read How to Find a good location for your business in Nigeria

5. Secure Funding

Securing enough money is one of the main challenges when starting a restaurant business. First, look at your own finances and figure out how much capital you need to begin. 

When you are starting for the first time, it is always proper to use the money you have at hand. This will help you get the experience needed for bigger things.

When you have understood the mode of business, you can consider getting a loan from a bank or partnering with investors.

Next, create a detailed business plan that includes your financial projections. 

This plan should cover expenses like equipment, rental, marketing, and the money you need for day-to-day operations. 

6. Register Your Business

To operate your restaurant business legally in Nigeria, you must follow some important steps:

• Register your business name at the Corporate Affairs Commission (CAC). This means choosing a unique name for your restaurant and getting a Certificate of Incorporation.
• Register with the Federal Inland Revenue Service (FIRS) for taxes. You need a Tax Identification Number (TIN) to fulfill your tax obligations.
• It’s crucial to meet all the legal requirements and keep proper documentation for your business. 

This includes keeping records of your financial transactions, licenses, permits, and other necessary documents.

• It’s a good idea to consult with a legal expert who can guide you through the registration process and help you comply with all the laws and regulations.

By registering your restaurant business and following the legal requirements, you can operate smoothly and without worries in Nigeria.

You can also learn more at How to Register Your Business With CAC Online ( Ultimate Guide)

7. Set Competitive Pricing

Setting the right prices for your menu items is very important for the success of your restaurant business. 

Here’s what you need to keep in mind:

Consider all the costs involved : Think about the cost of ingredients, how much you pay your staff, other expenses like rent and utilities, and the profit you want to make.

Research the prices of similar restaurants : Look at what other restaurants in your area are charging for similar dishes. This will help you stay competitive.

Value for money : Remember that customers expect good value for the price they pay. Make sure your ingredients are of high quality, portion sizes are generous, and the overall dining experience is enjoyable.

Regularly review and adjust prices : Keep an eye on market trends, changes in costs, and feedback from customers. If necessary, make adjustments to your prices to ensure they remain fair and profitable.

8. Create a Marketing Strategy For Success and Profit

To get more customers and let people know about your restaurant, you need a good marketing plan. Here are some simple steps to follow:

• Build an online presence : Create a nice website that shows off your restaurant, menu, and contact details. 

Make sure your website shows up on search engines by using keywords like “restaurant in Nigeria” and “Nigerian cuisine.” Use great pictures, interesting content, and easy ways for people to book or order online.

• Use social media: Connect with potential customers on platforms like Facebook, Instagram, and Twitter. 

Share yummy food pictures, talk about special offers or events, and chat with your followers. Ask customers to write reviews and share their experiences to attract more people.

• Advertise locally: Think about ways to reach people in your area. You can advertise in newspapers, on the radio, or even on local TV channels. 

Get your restaurant listed in local directories, food magazines, or community newsletters to let people know you’re there.

• Work with influencers: Team up with popular food bloggers, social media influencers, or local celebrities. Give them a free meal or a special experience at your restaurant in exchange for them talking about it on social media or writing reviews.

By following these steps, you can get more customers and make your restaurant known to people all around Nigeria.

9. Provide Outstanding Customer Service

Delivering exceptional customer service should be at the top of your list when running a restaurant. 

It’s important to create an inviting and friendly environment where customers feel valued and appreciated. Here are some helpful tips:

• Personalized interactions: Encourage your staff to engage with customers on a personal level. If possible, greet them by name and ask about their preferences or any special occasions they may be celebrating.
• Prompt and attentive service: Make sure your waitstaff is attentive to customers’ needs. Keep an eye on drink refills, promptly clear plates, and provide timely assistance. Minimize wait times and prioritize efficient service.
• Resolve issues quickly: If a customer has a complaint or concern, address it promptly and courteously. Actively listen to their feedback, apologize if necessary, and offer appropriate solutions or compensation to ensure their satisfaction.
• Collect feedback: Regularly seek feedback from customers through comment cards, online surveys, or direct conversations. Use this feedback to identify areas for improvement and make necessary adjustments to enhance the overall customer experience.

Remember, positive word-of-mouth recommendations can greatly impact the success of your restaurant. 

What Are Some Common Challenges When Starting a Restaurant Business in Nigeria?

Firstly, securing funding can be difficult due to the limited availability of investors and stringent loan requirements. 

Secondly, navigating the regulatory landscape can be complex and time-consuming, involving obtaining permits, and meeting health standards. 

Lastly, competing in the saturated food industry requires careful planning to differentiate oneself from existing restaurants and attract customers. 

Despite these challenges, with determination, proper planning, and a focus on customer satisfaction, aspiring you can overcome these obstacles and establish a thriving business.

How Long Does It Take To Start a Restaurant Business in Nigeria?

Starting a restaurant business in Nigeria can take several months to a year or more, depending on various factors. 

The process includes planning and concept development, business registration, finding a suitable location, obtaining licenses and permits, hiring and training staff, procuring equipment and supplies, and conducting pre-opening preparations. 

Each stage has its own timeline, ranging from a few weeks to several months, and the overall duration is influenced by factors such as decision-making, documentation, legal requirements, availability of resources, and unforeseen delays.

Do I Need a Professional Chef to Start a Restaurant?

No, you do not necessarily need a professional chef to start a restaurant. While having a skilled chef can greatly enhance your restaurant’s offerings and reputation, it is not a mandatory requirement. 

As the owner, you can either hire a professional chef or manage the kitchen yourself if you have the necessary culinary skills. 

However, ensuring the quality of your food and having a solid menu is crucial for the success of your restaurant, regardless of who prepares the dishes.

Is It Necessary to Offer Online Ordering or Delivery Services?

While not mandatory, offering online ordering and delivery services can greatly benefit your restaurant in Nigeria. 

These services make it convenient for customers to place orders from their homes or offices, expanding your customer base and potentially increasing revenue. 

By embracing online ordering and delivery, you can attract new customers and improve customer satisfaction. 

However, the decision to offer these services should consider factors such as your target market, location, available resources, and overall business strategy.

Starting a restaurant business in Nigeria requires careful planning, attention to detail, and a deep understanding of the local food industry. 

By following the steps outlined in this guide, you can set yourself up for success.

Remember to conduct thorough market research, develop a solid business plan, secure funding, and comply with legal requirements. 

Focus on providing exceptional food, outstanding customer service, and a welcoming atmosphere to attract and retain loyal customers.

Starting a restaurant business is undoubtedly challenging, but with passion, perseverance, and the right strategies, you can turn your culinary dreams into a thriving reality.

Some helpful blog posts that you may enjoy about starting a business in Nigeria:

• How to Start an Ice Fish Business in Nigeria: A Comprehensive Guide
• 12 Super Tips for Starting a Popcorn Business in Nigeria
• 7 Powerful Steps to Starting an Event Planning Business in Nigeria
• 13 Vital Tips on How to Start a Beauty Product Business in Nigeria
• How to Start Keke Spare Parts Business in Nigeria (Tips for Success.)
• How to start a wallpaper business in Nigeria (The Complete Guide)
• How to Start Ice Block Business in Nigeria
• Step-by-Step Guide to Starting a Successful Palm Oil Business in Nigeria
• How to Start a Frozen Food Business in Nigeria (The Ultimate Guide)
• 11 Essential Steps on How to Start a Provision Store Business in Nigeria
• How To Start Foodstuff Business In Nigeria

Mina is a personal finance writer and entrepreneur with a deep love for technology in the business world.

She is not only a successful, tech-savvy businesswoman but also a dedicated mentor, guiding aspiring entrepreneurs in Nigeria.

Explore her work and be inspired by her journey of leveraging tech innovation for business success in Nigeria.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

• Business and Investment
• Celebrities Net Worth and Biography
• Education and Golden Opportunities
• Entertainment
• Visa, Tourism and Travel Guide

How To Start A Restaurant Business In Nigeria – Step by Step Guide

Welcome to this post about How To Start A food Restaurant Business In Nigeria via Afrokonnect .

Over the years new technological advancements are being made day by day, w ith these new updates some industries have suffered great losses too big to measure due to the steady decline in the demand for their products and services.

This is because we now have apps and machines that can do almost anything. But, there is something no new discovery or advancements in technology can change – the demand for food.

With a steady increase in the world’s population comes a steady increase in the demand for food and restaurants for those who have no time to cook or just simply want to eat out, f or this reason, the restaurant industry is said to generate about 100 billion USD every year.

So, if you’re considering starting up your own food restaurant business, you’re in luck because this article details tips on everything you need to know when starting a restaurant. Read about: How to start Ice block Production and Sale business 

This article answers questions like;

• How to start a restaurant business in Nigeria?

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

• Which food business is more profitable?How do I start a restaurant in Nigeria?

So let’s go straight into the main agenda.

HOW DO I START A FOOD RESTAURANT BUSINESS IN NIGERIA

View this post on Instagram A post shared by Hard Rock Cafe Lagos (@hrclagos)

1. First of all, Determine the type of restaurant you want to start.

This is your concept and your target audience,

There are various types of restaurants out there,

Depending on your preference;

• Fast food restaurants serve mainly snacks and quick foods,

They mainly serve office workers and students. Most people take their food to-go and most owners don’t have to worry too much about interior decorations.

• Fine dining restaurants mainly target the rich and fabulous,

They usually have professional chefs with very experienced staff. The ambience always looks expensive with elaborate decorations and state of the art furniture. They are very expensive to manage but that is quickly made up for with the high prices charged on food and drinks.

• Casual dining restaurants usually targets family, friends and generally people who want to let their head down and relax.

They usually offer children menu as well as that of adults. Because it’s a place to relax and eat food, the mood always seems warm and welcoming. So, furniture, decorations and lighting that will improve the overall aesthetic of the restaurant must be must not be lacking.

• Local/Ethnic/Culture based restaurants are mainly for locals, food journalists, tourists and people who want to explore.

There is a vast variety of cultures to pick from in Nigeria, ranging from the yorubas to the igbos and the Hausas to the efik and so on.

View this post on Instagram A post shared by Shifu Restaurant (@shifu_kd)

Most continental dishes are usually not available here as the focus is usually local dishes. The type of restaurant you have decided to start will determine how much capital you’ll need to invest in the business.

2.   Choose a location

When choosing a location for your restaurant, you have to consider the following things;

• Surroundings
• Accessibility
• Competition

The cost involves everything you’ll spend in situating your restaurant. You can decide to buy land and build a building from scratch, y ou can also decide to buy a building and renovate it or even rent a building.

• Top 50 Business Ideas you can start with Little Capital
• 10 Best Restaurants in London – Most Beautiful places to eat
• Hilda Baci Wikipedia, Biography , Age, Parents, Record

It’s your choice but most importantly, whatever your decision, stay within your budget. The surrounding of whatever land or building you want to use must be clean and safe, n obody would want to risk their lives and properties coming to eat at a restaurant located in a seedy or creepy area.

Consider the accessibility of the chosen location, y our restaurant being classy with quality service wouldn’t be of any good if it isn’t within the accessible range of your target audience.

Your competition involves every restaurant around your location that offers similar services to what you’ll be offering. The location you choose shouldn’t be too close to very successful would-be competition but still accessible enough.

3.   Draw up a detailed business plan

To do this, you’ll have to;

• Ask for help from business strategists and successful business owners.
• Estimate the capital you’ll need in running the restaurant for at least 6-8 months because the capital invested might be higher than the revenue generated during this period.

When this has been determined, source for your capital.

• Obtain necessary legal documents, permits and licenses.

Do this before the full opening of your business to avoid embarrassing encounters with law agencies.

• Save extra money for unexpected problems and setbacks.

The importance of staying within your budget cannot be overemphasized, n ot going within your budget will help you stay disciplined with your spending and will stop you from incurring unnecessary debt in the course of setting up your restaurant.

How do I start my own restaurant business  

4.   employ necessary help.

• The urge to employ a lot of staff at the beginning to ensure enough helping hands might be overwhelming but you need to fight it and start employing staff on a small scale.

This is to avoid trouble when it’s time to pay their wages or salaries.

• Hire experienced staff and professional chefs if possible,

Inexperienced staff are fine too but it’s important to have someone professional working at the kitchen because you’ll want to offer your customers well cooked food.

• Be ready to fill in for your staff once in a while, Being a good boss involves not wasting time in taking up the role of a waiter, cook or dishwasher when the staff isn’t available or there aren’t enough helping hands.
• Inexperienced staff should be properly oriented,

Staff rules and regulations, job description and codes of conduct should be kept handy to avoid issues with staff discipline.

5. Equip your building and get supplies.

• Ovens, stoves, coffee makers and every other equipment you’ll need in running your business should be made available and they should be in good working condition.
• Fruits and other perishables must be fresh, so you need to make arrangements with an efficient supplier that will deliver fresh produce to you when necessary.

Bargain for the best possible prices and Get quality supplies.

6. Grand Opening

When everything is set, you can have your grand opening.

Invite friends, family members, acquaintances and tell a friend to tell a friend.

At the grand opening, you can serve samples of the dishes you plan to have on the menu when your restaurant is fully operational.

Then, you can ask for thoughts on your proposed menu.

If you feel family members and friends are too polite to tell you what they really think,

you can ask for comments anonymously so as to ensure complete honesty.

After the grand opening, your restaurant can start all operations fully.

To ensure that the progress of your restaurant is not hindered,

Keep the following things in mind;

• Have the right intentions.

Of course, having a means of livelihood is a reason to consider starting up a restaurant business in Nigeria but money shouldn’t be the only thing that drives you. Your motivation should be your passion for feeding people quality food.

Chasing money alone might lead to cheating of customers which in turn might lead to loss of customers while pursuing quality food service would bring more customers and in turn, generate more revenue.

• Have a solid marketing plan

You cannot rely on your customers to bring more people to your restaurant.

You have to play your part, You can do this through the following:

a) Adverts on billboards

c) Free samples

d) Online and Digital/Social media publicity

• Build an online presence

Open social media accounts for your restaurant. You can advertise there and give customers the opportunity to leave reviews. Hire social media managers if possible because you need to paint the best possible image of your restaurant.

• Don’t shy away from asking for help

No man is an island of knowledge, so don’t be surprised if you find yourself with more problems than you ever imagined. If you encounter any issue in which you don’t know how to proceed, get help. Ask experienced restaurant owners and other business owners for tips on getting out of whatever problem that might come your way.

• Be patient.

Rome wasn’t built in a day so it’s impossible to start raking in loads of money the very second you open your restaurant. Make up your mind to stay encouraged against all odds. Remember that Good things come to those who are patient.

As there are different types of restaurants, the cost of starting them also varies. On a small scale, starting up a restaurant business in Nigeria might cost you something between N300,000 and N500,000.

On a larger scale, starting up a food restaurant business in Nigeria will costs around N1,000,000 and N2,000,000. If you’re planning to start up your restaurant business in cities like Lagos or Abuja, be prepared to spend more because the cost of having any establishment in cities like that is relatively expensive.

Which food business is most profitable?

Research has shown that the most profitable food business to start is a bakery business. Read Also:- How to start A Bakery Business from scratch to a profitable venture . Though snacks are technically not food, it’s no news that people would rather buy them than buy other cooked foods outside.

So baking of snacks like meat pies, fish rolls, cupcakes etc is a very profitable venture because it requires very little capital but generates a greater amount of revenue in turn.

How To Start A Restaurant Business In Nigeria

• Determine the type of restaurant you want to start.
• Choose a location
• Draw up a detailed business plan

Employ necessary help

• Equip your building and get supplies
• Grand Opening

So, this is the end of this publication, if you enjoyed this article about How To Start A food Restaurant Business In Nigeria via Afrokonnect , t hen please kindly Share it on social media and let us know what you think Via the comment section. READ ALSO:- How to raise Capital for a Start up Business .

RELATED ARTICLES MORE FROM AUTHOR

Affiliate marketing in 2024: how to get started and it’s benefits, top 3 best email marketing tools and services for free in 2024, how to start a business in america as a foreigner, 25 high income digital skills to learn in 2024, amazon kdp guide for beginners (kindle direct publishing), 10 best cities to start a business in the united states and become successful.

[…] Rakuten works is that it gives shoppers up to 40% cash back on purchases from popular restaurants, food delivery services and retailers. Besides that, through the Rakuten app, users can also earn […]

[…] vary based on where the restaurant is located. You can find more information about How To Start A Restaurant Business In Nigeria – Step by Step […]

[…] fascinating business idea for small communities is restaurant business. At least, every town; whether big or small, deserves a good restaurant. So if you have what it […]

[…] a profitable venture to invest in the Agricultural sector. I strongly recommend you read more about How To Start A Restaurant Business – A Step by Step Guide, If starting a restaurant business is something you’re passionate […]

LEAVE A REPLY Cancel reply

Save my name, email, and website in this browser for the next time I comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed .

Featured on Afrokonnect

Superboy cheque net worth in 2024, biography and career, how to make money selling gift cards online (itunes & amazon), how to apply for palmpay loan in nigeria & ghana, beverly osu biography, net worth, career and relationship, 10 best freelance jobs and sites in nigeria 2024, best crypto games that pay – play to earn cryptocurrency, nuno zigi biography, net worth in 2024, songs and career, best place to live in canada | safest & most affordable cities (top 5), lasisi elenu biography, career and net worth in 2024, biggest banks in canada: ottawa, toronto, vancouver, editor picks, vital role of crypto market makers in ensuring liquidity, solomon lange net worth in 2024, biography, songs, awards & wife, popular posts, top 10 best dressed male musicians in nigeria 2024, online jobs in nigeria you can start from home in 2024, 9mobile cheapest data plan for 2024 – etisalat data plan (prices..., popular category.

• Celebrities Net Worth and Biography 290
• Business and Investment 186
• Visa, Tourism and Travel Guide 115
• Entertainment 107
• Cryptocurrency and Digital Trading 84
• Education and Golden Opportunities 83

| Nigerian Educational Consult - samphina.com.ng

• Business Plan

📑 Download Business Plans in Nigeria

This is samphina.com.ng your #1 plug for any Business Plan (Startups) in Nigeria. We understand the time factor, and we have simplified the process so that you can get your Business Plan ready as soon as possible by making available Business Plan for different businesses in Nigeria.

List of Business Plans in Nigeria

Click on Any Business to Download the Complete Business Plan and Financial Plan

• Agritech Business Plan
• Agro Commodity Export Business Plan
• Agrochemical Business Plan
• Auto Repair Business Plan
• Bakery / Bread Business Plan
• Banana Processing Business Plan
• Banking Agency Business Plan
• Barbing Salon Business Plan
• Bike Delivery Business Plan
• Block Industry Business Plan
• Bottled and Sachet Water Business Plan
• Business Hub Business Plan
• Cake Business Plan
• Car Wash Business Plan
• Cashew Nut Processing Business Plan
• Cassava Farming and Processing Business Plan
• Catering Business Plan
• Catfish (Fish Farming) Production and Processing Business Plan
• Cattle Rearing / Fattening Business Plan
• Chicken Slaughter and Processing Business Plan
• Chin-Chin Business Plan
• Cinema House Business Plan
• Cleaning Services Business Plan
• Cocoa Farming and Processing Business Plan
• Cocoyam Farming and Processing Business Plan
• Cooking Gas (LPG) Retailing Business Plan
• Cosmetology Business Plan
• Cotton Farming and Processing Business Plan
• Courier Services Business Plan
• Crèches and Daycare Business Plan
• Diary Production Business Plan
• Diesel Haulage Business Plan
• Driving School Business Plan
• E-commerce Platform Business Plan
• Electric Concrete Pole Manufacturing Business Plan
• Electrical Equipment Sales Business Plan
• Event Management Business Plan
• Fashion Design Business Plan
• Feed Mill Business Plan
• Flavored Plantain Chips Business Plan
• Frozen Foods Business Plan
• Furniture Business Plan
• Ginger Farming Business Plan
• Goat Farming Business Plan
• Gold and Jewelry Business Plan
• Grocery Store Business Plan
• Groundnut Oil Business Plan
• Gym House Business Plan
• Haulage and Logistics Business Plan
• Healthy Restaurant Business Plan
• Herbal Medicine Production Business Plan
• Hide and Skin Business Plan
• Honey Business Plan
• Hospital Business Plan
• Hostel Business Plan
• Hotel Business Plan
• Hydroponics Business Plan
• Ice Block Production Business Plan
• Ice Yoghurt Production & Sales Business Plan
• Iced Water Business Plan
• ICT Business Plan
• Information Technology Business Plan
• Insurance Brokerage Business Plan
• Integrated AgriBusiness Plan
• Interior Decoration Business Plan
• Kampala / Adire (Tye & Dye) Textile Business Plan
• Laundry / Dry Cleaning Business Plan
• Law Firm Business Plan
• Leather Tanning Business Plan
• Lighting Installation Business Plan
• Logistics Business Plan
• Maize Farming Business Plan
• Marine Logistics Business Plan
• Meat Processing Business Plan
• Media and Entertainment Business Plan
• Medical Equipment Supplies Business Plan
• Medical Laboratory Business Plan
• Microfinance Bank Business Plan
• Mobile Food Vending Business Plan
• Mobile Kitchen Business Plan
• Moringa Farm Business Plan
• Mushroom Farm Business Plan
• Musical Equipment Rentals Business Plan
• Nanny Agency Business Plan
• NGO Business Plan
• Nursery and Primary School Business Plan
• Nylon Production Business Plan
• Online TV Business Plan
• Organic Food Store Business Plan
• Paint Production Business Plan
• Palm Kernel Oil Extraction Business Plan
• Palm Oil Production and Processing Business Plan
• Paper Recycling Business Plan
• Petrol Station Business Plan
• Pharmacy Business Plan
• Photography and Videography Business Plan
• Piggery (Swine) / Pig Farming Business Plan
• Pineapple Farming Business Plan
• Plantain Farming and Processing Business Plan
• Plastic Bottle (PET) Recycling Business Plan
• Popcorn Business Plan
• Poultry Business Plan
• Printing and Multimedia Business Plan
• Quarry Business Plan
• Real Estate Business Plan
• Recreation Centre Business Plan
• Retail Store Business Plan
• Rice Milling Business Plan
• Rice Retailing and Distribution Business Plan
• Security Business Plan
• Shea Butter Production & Processing Business Plan
• Shoes Making Business Plan
• Snail Farming Business Plan
• Soap Making Business Plan
• Solar Energy Installation Business Plan
• Spa Business Plan
• Sport Equipment Business Plan
• Tea and Beverages Business Plan
• Tea Farming and Processing Business Plan
• Tissue Paper / Serviette Manufacturing Business Plan
• Tomato Farming and Sales Business Plan
• Transportation Business Plan
• Travel Agency Business Plan
• Unisex Hair and Beauty Salon Business Plan
• Vegetable Farming Business Plan
• Vocational Training Business Plan
• Waste Management Business Plan
• Welding and Fabrication Business Plan
• Yam Production Business Plan

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.

• Next story  Corrupt Practices And Their Effects On Nigeria Civil Service; An Examination Of Selected Ministries In Ebonyi State Civil Service (2019- 2023)
• Previous story  Project / Seminar Research Topics and Materials on Child Welfare Clinic

Catfish (Fish Farming) Production and Processing Business Plan PDF

Bakery / Bread Business Plan PDF

Fashion Design Business Plan PDF

Catering Business Plan PDF

Poultry Business Plan PDF

Healthy Restaurant Business Plan PDF

Bottled and Sachet Water Business Plan PDF

Snail Farming Business Plan PDF

Press ESC to close

Or check our popular categories....

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.

Categorized in:

Share Article:

Related Articles

5 ai-powered video marketing tips for small businesses in nigeria, how to start an exportation business in nigeria, 10 most lucrative business in nigeria in 2023, how to use threads by instagram: a step-by-step guide, small business insurance: what you need to know, cac registration: a guide on how to register a company online in nigeria , other stories, bookkeeping for small business why you should hire a bookkeeper., best payment alternative to paypal for nigerians..

Free Restaurant business plans in Nigeria

• Post author: Ane
• Post published: September 7, 2022
• Post category: BUSINESS-PLAN-AND-FEASIBILITY-STUDY / Business Tips / Feasibility Study / Update
• Post comments: 0 Comments

Do you need a Free Restaurant business plans in Nigeria? – This is a Small restaurant business plan example suitable for the medium-scale restaurant business. In this article are Restaurant business description examples and an illustrative business plan for restaurants and bars. We normally present our business plans in both pdf and MS Word. We have so worked on this that it will also aid you write your fast food restaurant business plan. Get your Free Restaurant business plans in Nigeria from us.

Therefore, if your question is, how do I write a business plan for the eatery, fast food joint, restaurant, or bar joint, here is what you should do. At Completefmc.com we structure bankable business plans for SME startups. Therefore, for every lean start-up plan we develop, we add startup accelerator strategies. These we build into the business startup ideas generated by us. As a matter of fact, with Completefmc.com starting up a business is an experience. So, contact us for your start-up business plans. In fact, added also in our support services are sources for startup funds for lean start-ups and franchise opportunities.

Free Restaurant business plans in Nigeria: The Business Plan:

Table of Contents

K’s Corners Restaurant is a single-unit, medium-sized restaurant. Our model is to focus on organic and creative food. That is why we have all types of Nigerian and African dishes in place. We are located at No.2 Police Road Karu, Abuja, Nigeria. This is a siren and prime neighborhood of Civil servants, traders, and artisans. Most important to us is our customer satisfaction. Second to this is our financial success. That is why we believe in achieving this by offering high-quality services and extremely clean, non-greasy food with interesting twists.

Company Ownership:

The restaurant started as a limited liability company. A simple sole directorship, owned by its founder. The company is registered in Nigeria in February 2022 to carry on restaurant and other related services businesses.

Objectives:

Our Sales projection is N5m in the first year and more than double this in the second year. Another projection is to be conservative on personnel cost. So, we plan personnel cost at N1m in the first year and less than N2m in the second year. This gives us our projected gross profit of 30% in the first year and 37% in the second year.

K’s Corners Restaurant is a great place to eat. It’s a combination of an intriguing atmosphere with excellent, interesting food that is very good for the people who eat here. We desire fair profit for the proprietor and a rewarding place to work for the employees.

Success Factors:

We have worked out various strategies to achieve success for K’s Corners Restaurant. These include;

• Availability of a variety of food all the time
• Good atmosphere for all shades of customers
• Special attention for those below age 12,
• Promotion of Native Sunday when only Nigerian native foods are sold.
• Affordable prices for our dishes
• 24/7 power available
• Free spaces for birthday celebrations, Club and town meetings, etc.

Our menu is going to be extremely simple. We will keep a standard menu for every six months. In fact, we also plan to feature a chef’s recommendation that we plan to have 85% of meals ordered. We have registered with Jumia for ordering effect. All of these are so planned to help us to reduce waste and plan ingredients and purchasing.

Market Analysis:

As a matter of fact, we have an excellent feel for our market area and its core group of customers. This is why we will do all in our power to make them share a feeling of being in the “in crowd” and having “gotten it” in life. This is how we plan to keep our market segments intact for a long time. As a matter of fact, we plan to raise menu rates as the restaurant gets more and more crowded. That is to ensure that we are charging a premium for the feeling of being in the “in a crowd.”

Management Summary:

Mrs. Dorothy has great experience managing personnel. That is why we are quite confident of her ability to always find the best staff possible. Our chef, Mr. Emma, is already on board. K’s Corners Restaurant has a published cookbook that will always add prestige to the restaurant. We already have in place young, ultra-hip staff to make sure we add the edge that makes K’s Corners so trendy.

Personnel Plan:

Our personnel plan is shown in Appendix I. We have in it expressed our willingness to invest in a good team who are fairly compensated. We have in mind that the planned staff number is in good proportion to the size of the restaurant and projected sales activities.

Financial Plan: A Free Restaurant business plans in Nigeria.

We have already invested in K’s Corners Restaurant a whopping sum of N15m in fixed assets funding and working capital procurements. We do not have in mind to borrow. The Sole Director provides the entire funding from her personal saving. Our financial statements are as explained below.

Projected Profit and Loss:

This is also called an income statement. So, the projected profit and loss table shows an average profit in the first and second years but an acceptable profit value in the third year. The profit and loss table is shown in Appendix II. Get your Free Restaurant business plans in Nigeria from us today

Projected Cash Flow:

This table is shown in Appendix III. It shows that starting costs and provisions for ongoing expenses are adequate to meet initial running costs until the business begins to be self-sustaining.

Projected Balance Sheet:

The table as shown in Appendix IV as the projected balance sheet for three years. This is our statement of affairs which shows a stable operation by the third year.

Read Also on Free Restaurant business plans in Nigeria

• Modern City Restaurant Business Plan in Nigeria  
• Other restaurant business plans here

Summing Up on Free Restaurant business plans in Nigeria

Did you enjoy this illustrative business plan? There are no business plans without tables and worksheets to portray the operations. This particular illustrative business plan has it also. However, they are gotten on request. We want you to have confidence in Completefmc as a business plan maker. You can tet your Free Restaurant business plans in Nigeria from us today.

In fact, Completefmc. business plans are professional high-profile business plans covering all types and sizes of business. So, there are those for Oil & Gas, Cooking gas, Air travel companies , Estate development, management services, etc. Then are those for small and medium-scale businesses like this restaurant business plan, food truck business plan, gym business plan, transportation, refinery business plan and travel agency businesses, and many more. Just tell us what you want, and we generate it for you in a few days at a minimal cost. Get your Free Restaurant business plans in Nigeria from us.

How to contact us:

We are available at various media such as [email protected], and +234 8034347851, then use our social media buttons on this page to like us, send your comments, and make your orders. Get your Free Restaurant business plans in Nigeria from us.

Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.

Share this:

You might also like.

Entry-level Teller @ United Bank for Africa Plc (UBA) For Soutth South States in Nigeria

50 LOW CAPITAL BASED BUSINESSES FOR WOMEN – Part 2

Nigeria Sovereign Investment Authority (NSIA) Current Job Recruitment/Application Requirements NSIA 2018 Recruitment

Leave a reply cancel reply.