The most important advice I can give you to starting any kind of business is to make sure you have a business plan.
The dictionary defines a business plan as the document that will set out your goals and objectives as well as your strategies for being successful.
Many times if you go to the bank to get a loan to start a business the first thing they will want to know is if you have a business plan.
Having something that is tangible and something that you can reference will be a huge benefit to you.
It is also something that will hold you accountable and allow you to stay on track.
For restaurants specifically you need to decide pretty quickly if you want to serve alcohol or not. If you don't plan on doing that you are fine. If you plan to, one of the first things you need to do is apply for a liquor license. Those can take a very long time to process and get approved. Having that ready to go will be a huge step.
The worst thing you could do is have to open without that. If you are opening a place with a bar, but you can't serve alcohol, that will be a big turnoff for a lot of people.
Finally, train your wait staff well, to be present and attentive to the customers. Serve good food at a fair price in a timely manner. It's all about efficiency and giving your customers a memorable experience.
The answer to this question is not as simple as it looks like.
There are lot of factors which determines the cost of capital required to start the business. Some of the main factor that are required to be considered are the following:-
First and most important factor is location, as cost vary a lot at different locations.
Second thing is size of business one want to open.
Then it comes to which verities do you want to serve.
How trained and experience staff you hire.
How much you want to spend on outlook of you location.