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January 22nd, 2016, 08:22 AM
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Join Date: Mar 2012
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.
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