Open for Business is a pretty good EP in my opinion.
I'm fairly new at the restaurant thing but I'm under the impression that your sim buys the deed to an existing, or custom made community lot which is a restaurant and therefore owns it. When they visit the lot, they can hire employees to be a chef, a waiter/waitress, and the host. You can promote one employee to manager and ask them to look after the store while your sim goes home however I think you have to phone them during the day to check up on the store and possibly return later.
I found the best home business to be selling cats and dogs, its quick and easy. All you need are the container things and a till and you have got a business. It also means no hassle having to remake things, like with florists, an employee will have to remake arrangements whereas with cats and dogs you simply buy them in. I have managed to get my business to rank 9 so far.
Hope this was useful. :]
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