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What are the requirements to open a Chinese restaurant in the United States

The requirements for opening a Chinese restaurant in the United States range from tens of thousands of dollars to millions of dollars.

If you are buying a resale restaurant, the general range is from a few tens of thousands of dollars to more than 100,000 U.S. dollars; if you are renting a store and redecorating a restaurant, you need at least 100,000 hundreds of thousands of dollars; if you want to open a franchise such as McDonald's, Burger King, and so on, the investment will be more than a million dollars at least.

Chinese food in the United States for more than 100 years, the United States currently has more than 50,000 Chinese restaurants, more than 300,000 employees, accounting for about 3.4% of the U.S. food and beverage industry outlets and turnover of 3.4% and 8.5% of the restaurant, more than 75% of these restaurants are individually owned and operated.

Extended Information:

The steps to open a Chinese restaurant in the United States are three steps: registering the restaurant number, registering the name, and opening a bank account.

1, register restaurant name: sole proprietorship and partnership restaurants need to be registered by the local county or municipal government restaurant business name (DBA, Doing Business As). The registration procedure is very simple, you just need to go to the County Clerk's branch office of the local county government to fill out the registration form, register the name of the restaurant and the owner's personal information, and pay the registration fee (the registration fee is $10 - $100).

2. Before opening a restaurant, the first step is to choose what form of business to register for the restaurant. Business form is divided into three categories: sole proprietorship (Sole Proprietorship) partnership (Partnership) and limited liability company (Corporation). Currently there are more than 20,000 Chinese restaurants in the United States, of which 80 percent exist in the form of sole proprietorship.

3. When looking for a bank to open an account, don't just look for convenience, but think carefully about choosing a reputable bank with good service that best suits your financial needs. Compare several banks over the years and you'll see which one is better for you.

Reference:

People's Daily Online - More than 400,000 Chinese restaurants overseas