Many people love restaurant industry, love cooking but money is limited and don’t know how to start a restaurant by their own. Don’t worry, here below tip can help you make your dream come true by opening a restaurant in Vietnam with total fund under $20,000
The concept is the first thing you have to plan before starting a restaurant, it’s have to be synchronized with your menu, serving style, main target customer and total fund you have. Customer come back or not depend on your idea concept.
There’re some concepts you can pick up one: Buffet, Fast casual, Café or Bistro, Casual, Fine dining, Franchise, Restaurant and food truck, Restaurant catering, Ethnic Cuisine,
Decide proper scale of restaurant, with $ 20,000, of course your restaurant cannot be a big restaurant, but if you have a good consultant and survey carefully, you will have a place enough to do business.
Any foreigner want to do business at Vietnam, they have to find a good consultant, because he is the local people, master the resident culture, understand consumer behavior, know well the strength and weakness at location you want to set up your restaurant, at this point, we can help you absolutely freely.
Ho Chi Minh City is the biggest city in Vietnam, and this is the advantage for anyone who want to do business here. However business front in the main street is quite expensive compared your total fund.
Alleys with crowded places are proper to your restaurant. The most important you have to come with the consultant to the real place to check and evaluate it really good or not.
A house in small street or Alleys with crowded places is proper to small restaurant
After choose the house for rending, conduct to contracting. Normally, with the 100 m2- room in the Alleys, the rending price over $ 500/month and one year is $ 6000 per year. And this is the first big expense you have to pay.
Re-painting the wall, making the kitchen and bar area, installing lights.. all that thing you must do and they will take expense about $ 5000.
Besides, choosing table, chair, kitchen tool.. it will takes about $ 3,000.
A small restaurant have it’s own advantage, simple management system, just focus on main customer target. But you still need build a working team.
General manager: Of course, it’s yours
Executive chef: $ 1200/month or a good idea if you can take this position
Sous chef: $ 350/month
Servers: $ 280/month
Bartenders: $ 300/month
Security: $ 200/month
Dishwasher: $ 250/month
Get starting a business in Vietnam, you have to go to authorized officer to get certificate of business registration, it means you have the right to run business and get tax code for future applying tax. You can do it by yourself or commit to a service to get the certificate. The cost for making certificate is about $ 70.
One paper you cannot miss if running restaurant is certificate of food hygiene and safety, you have to attend 3 days training and pass the exam to get the certificate.
Certificate of business registration
Base on your basic menu, sourcing quality raw material supplier is very important, the basic standard have to be chosen is stable supply, cheap price, quality assurance, good service. You should have a good consultant, like us, to make relationship with local quality suppliers.
In Vietnam, there’s variety local products from meat, vegetable, herb, spice.. you can utilize them to make your dish it will save a lot for your business.
There are 3 ways promotion that being effective and less expensive in Vietnam so now, once start a restaurant in Vietnam you should choose these ways:
That’ all tip that basically can start a $ 20,000 in Vietnam, the most important you have to do is working hard, try to save cost in any activity, originative idea and love your customer. For whom have a small fund but love restaurant industry, let go action. Any question, don’t hesitate to contact us, absolutely free consultant.
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