By Researcher and reporter: Shama Sultana Anika Taieba
Dining out is a must, whether it’s a relaxing afternoon or a joyful occasion spent with the entire family. A person who dislikes eating out is difficult to find. As a result, restaurants have begun sprouting up like a frog’s umbrella in alley after alley. A lot of money is being made by these restaurant companies as well. Also, if you so choose, you can open your restaurant.
It is necessary to plan and prepare thoroughly before opening a restaurant. In addition, conducting market research and adhering to all applicable legal requirements are critical to the restaurant industry’s success. With the correct information, this process can be straightforward and efficient even if it can be very complex at times.
Patrons visit eateries for more than just food. Restaurants that can draw patrons with their authentic customer service, delicious food, and lovely atmosphere are the ones that succeed. Bangladesh has a highly competitive restaurant industry, therefore to succeed here, one must meet the needs of the local clientele while also facing the competition. Understand what needs to be done before opening a restaurant in Bangladesh.
- Selecting the appropriate dish, patron, and location
Patron choosing a dish, key to a successful restaurant start. Photo: Collected
Research on consumers is the priority. Conducting thorough market research is the first step in launching a restaurant business. You can obtain a thorough grasp of your client’s requirements and preferences by conducting market research. For instance, you must know what sort of cuisine Dhaka residents prefer, what kind of service they anticipate, and what kind of food prices they will tolerate before opening a restaurant there. Additionally, the ideal location for the organization is identified through market research. To quickly reach customers, selecting a decent location is crucial.
- Business Registration Procedure:
Afterwards, there is the registration procedure. Getting your business registered is the first step in opening a restaurant. A trade license, which can be acquired from a nearby city corporation or municipality, is typically needed for business registration. To finish the registration procedure, you will need to supply the business name, ownership type (sole proprietorship, partnership, or company), and further information. Moreover, you must obtain a Tax Identification Number (TIN) and register a trademark.
Licences and permits are crucial to start a restaurant. | Photo: Collected
- Licensing:
Operating a restaurant requires the obtaining of certain special licenses. With the help of these licenses, you may be sure that your restaurant complies with all applicable laws and safety and sanitary codes. Licenses for building construction, fire safety, food safety, and health department approval are some of these licenses.
When it comes to the restaurant business, there are several legal considerations. Several of these statutes include:
- Act of 2013 Concerning Food Safety: Controls over food production, processing, and serving are enforced by this Act, which also guarantees the quality of food items. For restaurants to protect their patrons’ safety, adherence to food safety regulations is essential.
- Consumer Rights Protection Act, 2009: This Act safeguards customers’ rights. Under this Act, a restaurant is subject to legal action if it serves subpar cuisine or offers dishonest service.
- Tax Collection and Financial Management Act, 2020: This is a crucial matter for restaurant management, as it guarantees the long-term viability of the enterprise.
- Taxes:
A significant concern for the restaurant industry is taxes. Depending on the size and revenue of the firm, various local taxes, value-added tax (VAT), and income tax are due. It’s critical to accurately pay taxes and file returns. Because it improves your company’s legal standing and helps avert issues on the road.
Delicious food served beautifully in the restaurant. | Photo: Collected
In Bangladesh, opening a restaurant is a potential endeavor, but for it to be successful, it needs to be well-planned, compliant with regulations, and customer-focused. Your restaurant business can succeed and turn a profit by carrying out market research, registering, getting a license, and abiding by the law. If you successfully follow these procedures, starting a restaurant business will also be successful and well-liked.
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