Steps to Set up a Restaurant Business in Dubai
Are you planning to open up a restaurant in the city of Dubai? Dubai is a city and emirate in the United Arab Emirates and has the largest population with the second largest land territory by area of all the emirates, after Abu Dhabi. The developed city is a big attraction for the tycoons from all over the world. Although, the restaurant business is tough and complicated but after once you have established it successfully, it can turn out to be quite profitable and rewarding. The success of your restaurant business in Dubai depends how you proceed.
Here are few steps given below to guide you about how to buy a restaurant business in Dubai and run it successfully.
Instructions
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1
Get an internet access and search all the business restaurants for sale in Dubai, look up their contact numbers and visit the place.
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2
You can also see different advertisements given on different newspapers or disseminated on television or radio.
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3
After getting proper details regarding all the restaurants for sale in Dubai, visit the places frequently as a customer.
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4
While conducting a thorough examination of the city, you need to keep certain points in mind, which will help you to choose the best restaurant for buying.
(a). First and foremost thing is the location of the restaurant, town centre premises with enough parking and proximity to pubs or cinemas are usually most successful, but at the same time such places would require huge expenses.
(b). Determine that the location you choose has demographics in accordance with your intended client base. Conduct some research on household income and spending patterns for the neighborhoods of your choice.
(c). Select the restaurants which best suits your needs and expectations. Visit the restaurant at different times as a customer and see what their trade is really like. Observe and count the tables, and try to estimate the cheque totals per table in order to compare that number to claims made by the sellers.
(d). Make an offer to buy the restaurant and check the registration of the restaurant owners. Also find out the crowd in the restaurant at different times of a day.
(e). Consider the expenditures required for the redecoration or up-gradation of the equipments being used in the restaurant.
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5
Once you have chosen the restaurant, complete the preliminary approval process by submitting an application with the name of the restaurant to the Department of Economic Department (DED).
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6
Submit your restaurant’s documents to the Commercial Registry. The documents include -- Application form, Memorandum of Association, Auditor letter, Bank certification and Letter of Approval for the Restaurant’s name issued by the DED and letter from the DED Committee of Limited Liability Companies (original letter of company approval).
