📊 How to Prepare a Restaurant Feasibility Study in Riyadh – A Consulting Guide
🏗️ A feasibility study is the foundation for the success of any restaurant project in Riyadh, as it provides a full vision of costs, returns, and potential risks.
💰 The first step is to estimate the required capital to establish the restaurant, including rent, equipment, and interior setup costs.
⚙️ Estimating operational costs includes salaries, food supplies, marketing, and utilities to ensure the project’s sustainability.
📈 Market and competitor analysis helps identify gaps and opportunities to provide added value to customers.
🍽️ Defining the right menu and setting strategic prices for each dish ensures targeted profits and attracts the right customer segment.
📊 Estimating the expected demand and performing financial analysis helps accurately forecast monthly and annual revenues.
🧩 Conducting a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) provides a clear vision for strategic decision-making.
🚨 Evaluating potential risks such as price changes or competition and preparing contingency plans helps ensure business continuity.
💡 The feasibility study helps investors and business owners make well-informed decisions before implementation begins.
✅ In short, preparing an accurate feasibility study makes launching a restaurant in Riyadh safer and more successful, minimizing risks and increasing growth opportunities.
