Bordered by beaches along the coastline, Florida is a well known tourist spot in the US. Every year people flock in numbers to the beaches of Florida giving businesses in and around Florida an opportunity to flourish. Restaurants have cropped up in and around Florida to cater to the different tastes to tourists making their spring breaks in Florida. Small business loans hence are easily available in huge numbers for entrepreneurs looking to set up restaurants in Florida.
Florida being the 4th most populous state in The United States of America and is the 8th most densely populated among the 50 states of the US. State capital of Florida is Tallahassee and is situated in the south east region of the US. Tourism is the major revenue earner for the state of Florida. About 60 million tourists flock down to Florida thanks to the exquisite beaches bordering the state. It has been ranked as the top destination state in 2011. It is also well backed by service and agriculture industries.
Revamping an existing restaurant– Constructing a new restaurant can be costly. Increased prices of land, labor and materials can lead to a huge expense. Renovation is also costly when you revamp the décor and bring in new furnishings, give the commercial kitchen a facelift and add on to give the old restaurant a new look.
Staff and wages– In a city like Florida which is a well known a tourist destination, hiring a well known chef who can make multiple cuisines is important. You also need to hire qualified staff to run and manage the daily activities of your restaurants. Restaurants should have good food and service along with a great ambience. Hence, most of your expenses from the small business loan might incur in hiring the right set of people and setting up the perfect dining ambience. From chefs to waiters, front desk to relationship managers, the expenses are huge.
Marketing promotions– If you are opening up a restaurant in Florida, you need to make people aware of it. Promoting the restaurant is important to increase footfalls initially. Advertising in the Florida dailies to promoting through social media is a smart idea to spread the launch of the new restaurant. Hence, small business loans should be allocated properly to all resources.
Kitchen equipment- Every new restaurant requires kitchen equipment and supplies. Planning the menu according to the kind of people visiting Florida is important. Selecting the menu, choosing the delicacies and understanding the tastes of the people go a long way in winning loyal customers in the long run. Do plan out your kitchen type, the menu, and the kitchen layout along with the kitchen equipments
Inventory– Locating a food vendor who would supply you with raw material for your food is important. You may have to stock up your inventory for the first week or so for your new restaurant. To curb the unexpected sales, it’s good to stock up your restaurant with enough inventories, Find and choose food vendors who are reliable, efficient and provide competitive prices.