Choosing whether a restaurant focuses on upscale, casual or fast food is important, but other critical issues in developing your concept include planning restaurant design, studying competitive challenges, researching market demographics, and developing a financing strategy. A strong concept exploits culinary trends, develops a branding strategy, identifies suppliers, and analyzes whether to franchise the concept. Choose a Theme Choosing your restaurant theme influences your business plan, and you make other decisions based on style of cuisine, targeted customers and available locations. Restaurants attract customers through Internet media, so develop a clear, engaging philosophy and unique personality for your restaurant.
Therefore, it is important to know how to write a business plan for a restaurant or food business. Sample business plans are available from many online sources. Most restaurants and food businesses have a myriad competition that ranges from very small, family owned establishments to large, franchises with many years of experience.
The business plan not only serves as a financial tool for your restaurant or food business, it serves as an analytical tool that helps you to set your restaurant business apart from the competition.
Place the summary at the beginning of the business plan. Summarize the plan the entire plan in no more than three pages. Briefly introduce the restaurant, its target customers and its competition, and provide a brief explanation as to how your restaurant will attract its customers and counteract its competition.
Company Description Develop a business description for your restaurant. Begin the description with the name of your food establishment, its address and contact information. Organization and Management Describe the managers and employees of your restaurant.
Categorize the employees in departments such as kitchen staff, wait staff, human resources. Provide clear details about the functions of each departmental manager. Include the costs of salaries, benefits and training costs within this description.
Create an organizational chart to show the flow of responsibility. Create a section that describes the operations of your restaurant.
Describe the location of your restaurant, along with the furniture and equipment that the restaurant will need to run smoothly. Include items, such as coolers, fryers, refrigerators, and even water purifiers and dishwashers. Include the costs for each and identify if the items will be purchased or leased.
Finish your operations section by listing the suppliers and vendors your restaurant will use. Explain the methods that your restaurant will use to control inventory.
Explain how your business will generate these customers and the costs for each, such as advertisements, commercials and radio ads. Identify the licensing and permit requirements for your restaurant, along with the steps that your business will take to obtain and maintain those requirements.
Include prices for any additional items that might not appear on the menu, such as special sauces or branded T-shirts. Consider food establishment with similar foods to your restaurant, as well as all other food establishments in the area. Financial Projections Create the financial statements for your restaurant.
Be realistic with your projections and provide accurate information. Appendix Section Follow the business plan with an appendix of documents that support the information within the plan, such as your staffing organizational chart, tax returns and bank statements. Items you will need.Download Pizza Restaurant Business Plan Financial Model.
To most potential lenders and investors, the financial section will be the most important part of your business plan. Executive Summary Holey Moley’s food truck concept logo Summary. The purpose of this business plan is to secure a $50, three-year Bank of America loan to fund the purchase and marketing of a food truck restaurant (Holey Moley LLP) in downtown Washington, D.C.
Holey Moley was founded by Pat Jabroni and Mickey Jordan, Mexican food chefs and connoisseurs, in Sagebrush Sam's steak buffet restaurant business plan executive summary. Sagebrush Sam's will provide a unique combination of excellent food at value pricing with a fun and entertaining atmosphere.
Rental Property Business Plan. This sample Rental Property Business Plan is free for you to download and use as a basis for developing your own specific business plan.
SWOT Analysis | analysis of the strengths, weaknesses, opportunities and threats of the Bed & Breakfast, Restaurant and Conference facility business plan. Strategic Intent | Includes the vision, mission, values and principles, strategic objectives, long term objectives, medium term objectives, short term objectives - financial, marketing and learnership and development objectives.