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January 22nd, 2016, 08:22 AM
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Restaurant business plan examples
Hello sir I am planning to start a restaurant business so please provide me some steps on how to start such business with effectively. Every restaurant can benefit from a high-quality business plan. You should use professional business plan templates to improve your restaurant's business plan. Business objectives To be the premier home-style restaurant To provide quality meals at reasonable prices with exemplary service Achieve Cover ratios of 1.00X at each lunch and dinner serving To achieve Prime Cost Ratios lower than 65% Keys to Success Repeat business. Every customer who comes in once should want to return, and recommend others. Word–of–mouth marketing is a powerful ally. Hire top notch chefs and offer training to keep the chef on top of their level, and pay top wages to ensure they stay with you. Location Convenience is essential. You need to be close to market because people should reach easily to you. A variety of menu offerings with a “down home” theme, reasonably priced to establish credibility, but not so high as to limit customers START-UP FUNDING Start-up Expenses to Fund $300,000 Start-up Assets to Fund $85,000 TOTAL FUNDING REQUIRED $385,000 Assets Non-cash Assets from Start-up $0 Cash Requirements from Start-up $85,000 Additional Cash Raised $0 Cash Balance on Starting Date $85,000 TOTAL ASSETS $85,000 Liabilities and Capital Liabilities Current Borrowing $0 Long-term Liabilities $200,000 Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0 TOTAL LIABILITIES $200,000 Last edited by Neelurk; April 25th, 2020 at 10:18 AM. |