The restaurant industry is a dynamic, fast-paced one that requires careful planning. On this page, you’ll find information on business planning, business structure, and why it's important to plan your menu early.
Your restaurant’s success will depend on your knowledge of the industry, your finances, and your customers.
Before you invest, start with a business plan that contains a realistic assessment of costs and profits to make sure your business is viable.
Do your research:
Decide on your restaurant type. Different business types may result in different costs and requirements as you work toward opening day. Things to consider include:
Demographic information can also be invaluable to help plan and evaluate your business idea. For market and statistical information in B.C., see:
Decide which business structure is most appropriate for you: a sole proprietorship, partnership, or incorporation.
Each structure has different legal and financial implications. To compare the different types of business structures with the Business Structures Wizard.
A lawyer or chartered accountant can also help you determine which structure is most appropriate for you.
Planning your menu early is beneficial for several reasons:
Visit BizPaL to generate a list of the permits and licences you may need to start your restaurant based on your location.
Restaurants are heavily regulated in British Columbia, for health and safety reasons. Having a clear idea of the requirements can help you plan ahead and avoid delays.