Hello! You are here, so most probably you wanna open a restaurant or you’re already running one or perhaps you are looking for a guide to know more about the food industry. The restaurant industry is one of the fastest-growing industry in India.
According to a report by the National Restaurant Association of India (NRAI), the restaurant industry will contribute around 2.1 to the GDP by 2021. The food business is growing because it has various productive concepts and different types of restaurants to facilitates large Customer demographics.
Well, everyone defines restaurants as an establishment where food is prepared and served to customers in exchange for money. But beyond this basic definition, restaurants can be categorised on the basis of services, cuisine, atmosphere and formality etc.
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Because all kinds of restaurant concepts have unique identity, require a different set of investment, location and management skills, it is crucial to have good knowledge about each one, what differentiates them in order to know which restaurant format will work for you.
Before selecting a restaurant type to invest, you should read about the common mistakes of restaurant owners while running a restaurant.
Here are different types of Restaurant Establishments –
1. Fine Dining Restaurants
Fine dining restaurants, known as white-tablecloth restaurants which typically comes in high-rated types of restaurants. It’s just opposed to quick eateries, cafes or family-style restaurants. It has a formal atmosphere. a fancier & large menu than other types. They hire well educated, professional staff, waiters and members.
Fine Dining is one of the types of restaurants establishment that is typically more sophisticated, unique, and expensive than one would find in the average restaurant.
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2. Fast Food Restaurants
Also known as quick-service restaurants, offer low price point items on their menus. They are traditionally what consumers call fast food. Fast food is prepared and served quickly and inexpensively. If you’re hungry, in a hurry, and have only five dollars in your pocket, you might stop at a fast-food restaurant for a burger and a soda.
The fast-food sector contains a number of popular franchises, including McDonald’s, Taco Bell, KFC and Wendy’s. McDonald’s has led the fast-food industry in terms of overall sales and number of restaurants worldwide, followed by Subway and Starbucks. (Source)
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3. Fast Casual Restaurants
There is a difference between fast-casual and fast-food restaurants, Basically, Fast-casual restaurants offer freshly-prepared, higher-quality food in an informal way, with counter service to keep things speedy. If we compare casual dining ambience and food quality with quick-service chain, the fast-casual dining considers as current and future success.
According to a study by Investopedia, Notably, Shake Shack, a burger chain that originated in New York City, got a huge success offering a casual dining experience in a fast-food area.
Fast Casual Vs. Fast Food Restaurants
A) Fast Casual Customers Expect Higher Quality Ingredients than Fast-food.
B) Fast Casual provides high-quality services as compare to fast-food restaurants.
C) In fast-Casuals, customers take a seat and get food in about 10 to 15 minutes but in QSR types are less expensive and their atmospheres are set up to provide super speedy service, customers usually take their food immediately.
4. Casual Dining
Casual Dining is a blend of fine dining and fast food dining which serves moderately-priced food in a more casual atmosphere. It has a more friendly and informal atmosphere.
The key difference between fine and casual dining is the atmosphere and ambience. Casual dining serves in a friendlier and informal way, whereas fine dining includes a more elegant and formal atmosphere.
A café, also known as a coffee shop, its primary purpose is to offer hot beverages. It can be individually owned or can be part of a chain like CCD or Starbucks. Most cafés serve either light meals or snacks to accompany the beverages. They usually have seating arrangements outside the cafe or inside depending on the choice of restaurant owner, they also provide the takeaway option.
6. Food Truck
The food truck is basically a vehicle from which food is sold that contains all the cooking and serving resources where the food is prepared, It is likely a restaurant on a wheel.
Starting a food truck is gaining popularity in India, they provide different types of food items that generally take less time to cook.
There are some of the successful food truck in India including Hungry Hands – Kolkata, Chaska – Chennai, Desi Firangii – Chandigarh, Oh Buoy -Noida, Eat n’ Run – Mumbai.
7. Buffet Style Restaurants
A buffet-style restaurant is where guests serve themselves from a different type of dishes set out on a table. Choosing a buffet-style restaurant totally depends on the restaurant business model.
In the trend of stand-alone restaurant theme, buffets have fallen out of trend. Still, they are in an excellent way to provide catering services for large crowds.
So we have covered all the main types of restaurant establishments that vary from each other on the basis of several factors.
If you are planning to start a restaurant, it’s significant to have good knowledge of the restaurant industry and its current trends.
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