Starting a Restaurant Business in Malaysia

We can see that more and more restaurants are shooting up within the city. The phenomenon proves one thing: the restaurant business is one among the common business ventures in today's business world. That said, building a restaurant from scratch isn't easy – all of these advantages come at a price.

Snapshot of benefits of a Restaurant Business

Though starting a restaurant business may be a hard and expensive process, there are advantages you'll get when running a restaurant business. As restaurants are in huge demand, an honest restaurant will always be crammed with customers- meaning it'll generate revenues. The probability of earning big profits (and encountering less loss) is high in opening a restaurant business. In other words, the proper restaurant at the proper location is often a lucrative business.

Things to think about Before Starting a Restaurant Business in Malaysia

Having a business plan is crucial to success. A carefully planned business plan will steer the direction of your restaurant business thus ensuring lucrative return. Allow us to dive in to possess a glance at what you ought to know before starting a restaurant business in Malaysia.

1. Concept:

Research, Understand and determine your restaurant's concept before you launch it. If you're unsure, you'll always run some research; consult the professionals to streamline your idea. Generally, the concept is just like the road map that has your restaurant's menu, investment's capital, and source of monetary aids, expected profit, and marketing plan.

2. Location:

The location of your restaurant business will affect its success nearly the maximum amount because of the menu. As such, you'll want to research a perfect location with high traffic, quick access , and good visibility. Other factors that would determine your restaurant's location is the target market of your business also because the competitors nearby.

3. Menu:

The menu of a restaurant is another big consideration once you are planning a restaurant business. Once you are deciding what to incorporate within the menu, the primary thing you ought to know is the target market, the present food trend and what does one decides to serve. An honest restaurant menu is the key to any restaurant's marketing plan.

4. Marketing:

Marketing plan may be a plan of the way to get the word out about your new restaurant. Nowadays the marketing plan sees tons of variety once you can cash in of the various social media platforms. Thinking it through with brilliant ideas will actually help your restaurant to succeed and generate huge profits.

5. Licensing and permits:

Before you'll open the doors to your restaurant, you would like to form sure you apply for the right licenses. In Malaysia, a Malaysia business license is issued on various terms counting on whether the investor is local or foreign. For restaurant business, a Signboard License, Alcohol License (if you're getting to sell alcohol in your restaurant), Halal License (if applicable) MACP and PPM (for restaurants where they're going to play music within the premises). If the restaurant may be a foreign-owned restaurant, an approved Wholesale, Retail Trade License is required . Please note that such license is merely granted for restaurants with unique concepts (like Arabian restaurant, French cuisine) and a minimum space of 1,500 sq. ft.

6. Incorporate your restaurant business:

Another step is to include your business. you'll either incorporate an area company or register your foreign company in Malaysia

If you're starting a restaurant business and you would like professional assistance, Uptrend Leap and TradeMalaysia is usually here to assist you to start out your business from scratch! Please don't wait a second to contact us!