Feasibility study for a restaurant and café

The importance of conducting a feasibility study for a restaurant and café for new projects

The feasibility study of a restaurant or café project is the right start, and it is the compass that directs investors to the direction of success and the path of profits.
Some investors may not pay attention to this and overlook its importance, and here investment becomes a risk with uncalculated consequences or results.

And because all the statistics confirm that many new projects stumble and do not continue within several months of their opening, and with the recurrence of this phenomenon, it has become important to study the reasons in a practical way.

Therefore, studies show that all these projects – without exception – all share the same reason, which is the lack of a feasibility study before starting the project

And all of these projects were established without knowing the basic information on the market or the cost elements of the project.

What does a feasibility study reveal for a restaurant or café?

The data of the feasibility study reveals market information, competitors, available opportunities and cost elements in addition to the budget required for any project and the return on investment..

All the information and data provided by the feasibility study are highly required for investors to make sound and sound decisions in favor of projects.
It can be said that the feasibility study is the lamp that lights the way and avoids projects risks and also reveals potential obstacles and opportunities for any project.
In addition to the rest of the details such as the return on investment and the period of capital recovery, which is the main goal for all investors.

Thus, Platinum Mind provides integrated services, from feasibility study to operation.
Reviewing our experiences and previous work in restaurants and cafes.