In addition to traditional restaurant properties, also consider investigating economic opportunity zones, food hall development projects, and food service at community events where you can start or grow your business.
Commercial and incubator kitchens
Chefs, caterers, trucks, and other food producers need clean, commercially-licensed space but may not yet have the resources to support the overhead required to operate their own kitchen space. Some incubator kitchens offer networking, technical assistance, marketing support, and other services that can help you grow your business.
- You will need a point of sale system to manage the cash flow of your business. In addition to payment processing, this system may also assist with front of house management and online order processing. Depending on your business size and the type of business you have, here are some POS options to consider:
- Square for restaurants (best for new restaurants)
- Clover (best for quick service restaurants)
- Lightspeed restaurant (best POS for small and medium sized restaurants)
- Touch bistro (best for full service restaurant)
- Toast (best system for Android systems)
- Loyverse (best free post software)
Employment and Human Resources
As you launch and grow your business, you may need to hire employees. This process includes writing a job description, posting the position on various jobs boards, and completing the necessary legal steps to officially hire new staff.
There are many factors and laws to consider when you hire an employee of your business. There are many different State and Federal requirements you'll need to complete when you hire an employee, including obtaining your Federal Employment Identification number (EIN), your state’s Taxpayer Identification number, and workers compensation insurance.
As you hire employees, be sure to follow all wage and employment guidelines.