Ready To Start a Restaurant Equipment Repair Company?
Set Up A Legal Business Entity
There are a few options available, but the most common ones for a newer restaurant equipment repair company are a sole proprietorship and LLC.
A sole proprietorship means that you and your company are one and the same. Any company assets are also considered your assets. This is one of the most simple business entities to set up. However, it's one of the most risky because there's nothing separating your personal finances from your business’s in case things should fail.
On the other hand, an LLC is a separate entity from yourself. LLC stands for Limited Liability Company, and each state has different requirements for setting this up. An LLC can provide you with additional protection should any issues come up.
To ensure everything is properly set up, it is a good idea to speak with a professional or check out your Secretary of State website for more information.
Work Your Connections
When getting started, research and creating connections are going to be key!
Spend some time getting set up with parts suppliers like Parts Town and become familiar with what may be needed in terms of restaurant repairs.
Additionally, Bizfluent suggests visiting local restaurants and meeting with their managers. It’s also a good idea to have some business cards you can hand out and let people know what you are doing. Setting a good first impression with restaurants around you increases the likelihood of them giving you a call when they need help.
Create A Business Plan
Starting a business can be intimidating. For some people, the idea of creating one is just as scary. But let's face it, if you're starting a business, you need to have some idea of how you're going to run it. A business plan gives you the roadmap on how to structure and run your business.
The best part? This is just the first step in how to start a business. It's not like this is something that has to be perfect before you begin. Think of this process as defining what your company will be rather than setting restrictions on what it can't be.
The first step in starting a business? Creating a business plan. And if you don't know where to start, there are hundreds of templates available to help get you started.
Provide High-Quality Service
In the restaurant equipment repair industry, providing the best service will lead to greater growth and results for your new company!
One way to do this is by ensuring good customer relationships from the beginning. Be transparent about prices, timelines, and any other information they may need to make an informed decision. In addition, check out this blog post for some of the most common mistakes to avoid in the industry.
Another way to provide high-quality service is to use high-quality parts! Restaurant managers want to know that their equipment will get the best repairs so that they don’t have to continually worry about this issue in the future.
One of the best ways to do this is using OEM (Original Equipment Manufacturer) foodservice repair parts from Parts Town. Rather than using generic parts, installing parts from the original manufacturer ensures that the customer receives parts that work seamlessly with their equipment!
Expand Your Team
As your restaurant equipment repair company starts to grow, you’ll want to grow your team as well! Think about the type of people you want to hire and the qualities you want them to possess. During the hiring process, ask questions and take a good look at their experience.
Although not every employee will be able to do the job exactly as you would, you want to trust that the people you send out on calls care just as much about your company as you do. Your service technicians reflect your hard work, so make sure the people you hire for your growing business are ready for the challenge!
Ready To Get Started?
Here at Parts Town, we know that you want to provide the best service to your customers. That’s why we only sell OEM repair equipment so your customers know they can rely on you for high-quality parts! When you’re ready to start your restaurant equipment repair company, know that you can rely on us to help you get the job done.
Make sure to check out Parts Town’s website for the parts, manuals and troubleshooting tips that will help your commercial foodservice equipment repair business launch successfully.
The materials and information contained on this website are intended to provide information and not legal advice. You should not act upon this information without consulting with legal counsel.