With the increasing number of people using air travel, people from all over the world become more and more connected. And as the world becomes more connected, more opportunities are created. For business owners, this means an opportunity to increase their international exposure and widen their reach in the market. If you are looking for a new venture that has a great potential to succeed, then you might want to try building a restaurant in an airport.
The Benefits of Running a Restaurant in an Airport
You might wonder how running a restaurant in an airport could benefit you given that the fees to opening and maintaining an airport restaurant are extremely expensive. Yes, when it comes to capital and operation cost, airport restaurants are expensive compared with local stores you see at the streets. But as a business owner, you should know that having a store inside an airport provides a lot of great benefits, and here are some:
- More potential profits. As you know, many people arrive at the airport earlier to avoid missing their flights. Some get there at least 2-3 hours before their flight. And early arrival means more time waiting in the airport; thus, more time spending eating and drinking before boarding the plane.
- More security. Aside from large potential profits, one of the primary reasons why you would want to start building a restaurant in an airport is because of the security. Since the terrorist attacks in September 2011, airport terminals and other places where public transportations are available have imposed tighter security measures and civil aviation safety standards to make sure that the public remains safe all the time. With your restaurant being inside a secured place, like an airport, you can be sure that you, your staff, and customers are safe from any intruders or attackers.
How to Start a Restaurant in an Airport
Just like in building a brick-and-mortar business at your local streets, starting an airport restaurant also requires researching, acquiring necessary documents to start, and finding the available space to setup your business. Here are some important steps to follow:
Step 1: Research the airport wherein you would like to launch your restaurant business. You don’t necessarily have to go personally in the area as you can also do this by visiting their website. But of course, it’s also a good idea to check the airport personally if you want to effectively examine the place. From there, you will determine if the type of restaurant you wish to open already exists, or if there is enough of a customer base that would support your business. It’s also a good idea to take a research on other airports, so you’ll have many options.
Step 2: Look into the locations within the airport terminal that might be available to you. Talk to the airport manager and determine if which of those locations you find are still available to lease. But before you sign any contract, make sure that you understand and know everything that you have to know, including the approximate size of the space, the cost of monthly rent, and any special needs that your restaurant business may require.
Step 3: Make sure that you meet the airport standards and acquire the necessary documents that you need to start your operations, including registration account, licensed to do business, tax credentials, and other documents that are required. Do your research, and ask the airport managers/operators what are the requirements that you need to present to start running your own restaurant in an airport.