Personally, I think catering has more opportunities for a new restaurant to increase revenue than private events. Catering offers a wider range of potential customers, such as businesses, schools, and other organizations, while private events are limited to individual customers. Additionally, catering orders can be larger in size and more frequent than private event bookings. However, it ultimately depends on the type of restaurant and the target market. If the restaurant specializes in high-end cuisine and caters to upscale events, then private events may be more profitable. On the other hand, if the restaurant focuses on casual dining and offers affordable catering options, then catering may be the way to go.