What should I do in the first months after buying a restaurant?
Learn the restaurant before you change it. Work each station beside the seller, keep the menu and kitchen team steady, move supplier and delivery-app accounts into your name, track food cost from the first week, and look after reviews and regulars. Save renovations and menu rewrites for later.
For a new restaurant owner, the months that follow are about continuity. The guests came for something specific, and the people in the kitchen know how to deliver it. Your first job is to understand that well enough to protect it. Improvement comes second, and it works better once you have earned the team’s trust.
Work every station
Ask the seller to stay on for training shifts and use them. Stand on the line, work the pass, take orders, close out a night. You do not need to be the best cook, but you do need to know how long each job takes and where service gets tight. Write down what you learn so you can explain it later to anyone you hire.
Keep the team and the menu steady
Meet each person on the staff one to one, ask what works and what frustrates them, and be clear about what is not changing. Sudden menu changes can unsettle both cooks and regulars. If a dish needs adjusting, test it quietly first. The question of renovating is separate; see the restaurant valuation answer only if you are weighing future plans.
Accounts, food cost and guests
Check that supplier, delivery-app, payment and point-of-sale accounts are in your name, and ask suppliers about delivery days and ordering cut-offs. Start tracking food cost weekly from the first week, even in a rough spreadsheet. Read online reviews, thank people who write kind ones, and greet regulars by name when you can.
Licences and paperwork
Ask your lawyer to confirm that any food premises or liquor licence is properly in your name and that nothing was missed at closing. Keep copies of everything signed in one place so you can find it quickly.
Related reading
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Valuation
Buying
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Legal
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Restaurants CanadaIndustryRestaurants Canada - The Voice of Foodservice
- 02Canadian Food Inspection AgencyGovernmentFact sheet: Preventive food safety controls
- 03Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
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