According to the latest figures, a restaurant can be a terrific investment. And prefab steel buildings make excellent restaurants. Food-service sales in the U.S. are $1.7 billion per day. That’s equal to about 4% of the gross domestic product. The National Restaurant Association reports the total annual economic impact of the restaurant industry is $1.7 trillion.
So you want to start a new restaurant. Who will be your target market?
According to Entrepreneur magazine:
Generation Y young people (born 1980-2000) gravitate toward fast food burger franchises and pizza places.
Generation X adults (born 1965-1980) tend to frequent quick-service restaurants and mid-scale all-you-can-eat buffets.
Baby boomers (born from 1946-1964), the largest segment of the population, ordinarily prefer upscale dining and trendy restaurants. However, boomers often choose family-style restaurants when with their grandkids.
Senior adults (65 and over) are inclined to dine at family-style restaurants with reasonable prices.
Next you need a detailed business plan. Many restaurants fail in their first year of operation due to insufficient planning. Part of your plan will be choosing a great location with lots of traffic— especially during meal times. Find a neighborhood which reaches your targeted market. You’ll want a location that is easily accessible, in a safe neighborhood, with great visibility, and room for sufficient parking. And it needs to be within your building budget!(Check with the highway department to make sure there are no upcoming road construction projects planned for the area. Once your location is determined, it’s time to get ready to build. Consider using a prefab steel building.
STEELING INTO THE RESTAURANT SCENE
Pre-engineered steel buildings work especially well for restaurants. Steel is extremely strong, enabling framing to span large spaces without the need for support columns or load-bearing walls. This allows total floorplan freedom in designing your restaurant and arranging its seating.
The inherent strength of a steel building provides greater protection from damage caused by hurricane-force winds, heavy snows, and earthquakes. When grounded correctly, a steel-framed restaurant also provides additional protection from lightning damage. Since steel is not an organic material, it does not attract termites or mold.
RESTAURANT FIRES: A STRONG REASON FOR USING PREFAB STEEL BUILDINGS
According to FEMA (Federal Emergency Management Agency), an estimated 5,900 restaurant fires are reported each year. Restaurant fires cause $172 million in property loss, several deaths, and approximately 75 injuries annually. Cooking is the leading cause of fire in restaurants, followed by electrical malfunction or heating problems. About 3.7% of restaurant fires are first ignited in a wall assembly. But a fire cannot ignite structural steel, nor can steel add fuel to an existing fire as wood framing does.