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Essentials for Starting new Restaurant

I have difficulties finding some information to start up my own resturant, my competitor is Vapanio Restaurant and I'm starting up a similar business in VA.

1. Industry (what are the financials like in this industry)
2. What are costs that are need to start up a restaurant (tools, kitchen stuff, computers, employees and so on)
3. Tax breaks that new businesses might get from the government.
4. Historical issues and current success of restaurants in VA or DC

Solution Preview

According to the National Restaurant Association (2011) the restaurant industry is one that still thrives at a time when the economy seems to be failing.

What are the financials like in this industry?

According to the National Restaurant Association (2011) the restaurant industry is one that still thrives at a time when the economy seems to be failing. For 2011, the projected sales for this industry are a little over six billion including over 900,000 locations. The restaurant also receives almost half of the food dollar's total share compared to the twenty five percent it received in 1955. The sales on a regular day for restaurants amount to almost two billion dollars.
What are the costs needed to start up a restaurant?

New restaurants will need cooking equipment, restaurant furniture, heating and cooling appliances, and employees. The cost for all of this is somewhere between ...

Solution Summary

The solution includes the financials of the current restaurant industry and some costs that are associated with opening a new restaurant. It also defines some historical issues and currently successful restaurants in the Virginia or DC area. It also lists certain tax breaks that owners might be able to receive from the government. It is about a page and a half with six references...

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