₦airaland Forum

haul:
Well, I really appreciate you great insight on this topic, and believe me I learnt a couple of things from you, if you don't mind I pm you and help look through my food menu type and try to tell me your opinion on it considering you already in it.

I'd be pleasured to help.

haul:
Though, the kind of design I'm using is not used in naija, the place I saw such is cotonou, and the thing is renting a shop is not going to be part of it.

300naira is tooooooo outrageous to me. The economy is harsh so it will just be ridiculous, people will prefer to drink trophy beer of 160 or goldberg to expensive heineken or guiness cause of the economy.

I'm looking to build a kind of resturant that no matter the little you bring into the place you will find something to eat, yeah this is because of the market I'm targeting. Thanks and when I intend trust me, I will seek your expertise, obviously not free but baba you go help your boy oooo

I've got few locations in ibadan at mind though, this is the main reason I'm reaching out to you, so you can compare my produce to environment it will fit into.

Considering sales, I've got a projected target though, I'm not really expecting to hit a big margin first 3months but atleast a decent profit to first keep me in business then we intensify after we are well grounded.

Lo @ 3months! I remember when I started mine (was first basically deliveries, then a Diner). Someone told me i'd break even in 4months and I was like, "for what nau? 2months I give my self o". It's a year and 2months and guess what?.....am still fighting to make sure my baby (yes, cos I love what I do; cooking) keeps standing!

Not to scare you bruv, but u must know this:- The Restaurant business is not a come n go matter. You must have passion for it, cos it's what will keep u persistently in d biz. In this business, you'll keep investing until it finally starts yielding profits. Why? Cos you'd ve to pay many things from your pocket, for a minimum of 6months (well, unless you already have contacts in different places, for industrial catering)

I basically see it as a baby; it depends on you for so many stuff/assistance, until it finally can fend for itself n of course, start taking care of you in turn.

Finally, if u ask me what stage of life (growth) my Kitchen is at presently, i'd say " She's trying to grab everything at sight to stand by/lean on", before taking steady steps.

Viktor1983:
It depends on a lot of factors...
Rent..
Target Market..
I myself is also looking forward to invest in a restaurant. My budget is N1.5M, where the rent alone is expected to gulp half of funds..

If you intend spending half of that on rent alone, then even the balance might not do for installations, decor, kitchenwares n food stocking.