Restaurant Business Plan Template
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Updated January 09, 2023
A restaurant business plan defines the concept, operational strategy, and business goals of a restaurant. The plan can serve as both a blueprint for day-to-day internal activities and a pitch for potential funding sources. Typically, a restaurant business plan should include:
- Mission and vision
- Location(s)
- Legal structure
- Hours of operation
- Management structure and key personnel
- Industry analysis and competitor research
- Marketing strategy
- Funding needs and financial projections
Maintaining an updated business plan benefits restaurants by formalizing the business identity, outlining a roadmap for the future, and keeping all interested parties aligned.
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Restaurant Business Plan Template & PDF Example
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- September 4, 2024
- Business Plan
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Creating a comprehensive business plan is crucial for launching and running a successful restaurant. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your restaurant’s identity, navigate the competitive market, and secure funding for growth.
This article not only breaks down the critical components of a restaurant business plan, but also provides an example of a business plan to help you craft your own.
Whether you’re an experienced entrepreneur or new to the food and beverage industry, this guide, complete with a business plan example, lays the groundwork for turning your restaurant concept into reality. Let’s dive in!
Our restaurant business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the restaurant’s operations, marketing strategy, market environment, competitors, management team, and financial forecasts.
- Executive Summary : Offers an overview of the restaurant’s business concept, market analysis , management, and financial strategy.
- Restaurant & Location: Describes the restaurant’s prime location, size, seating capacity, and distinctive design, emphasizing its appeal to the target demographic.
- Supply & Operations: Outlines the supply chain management, focusing on local sourcing and quality ingredients, and details the operational aspects, including kitchen layout, equipment, and front-of-house operations.
- Key Stats: Shares industry size , growth trends, and relevant statistics for the full-service restaurant market.
- Key Trends: Highlights recent trends affecting the restaurant sector, such as health-conscious dining, sustainability, and technology integration.
- Key Competitors: Analyzes the main competitors in the vicinity, showcasing the restaurant’s unique selling proposition in comparison.
- SWOT : Strengths, weaknesses, opportunities, and threats analysis.
- Marketing Plan : Strategies for promoting the restaurant to maximize visibility and customer engagement.
- Timeline : Key milestones and objectives from the initial setup through the launch and operational optimization.
- Management: Information on who manages the restaurant and their roles.
- Financial Plan: Projects the restaurant’s financial performance, including revenue, profits, and expected expenses, aiming for profitability and sustainable growth.
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Restaurant Business Plan
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Fully editable 30+ slides Powerpoint presentation business plan template.
Download an expert-built 30+ slides Powerpoint business plan template
Executive Summary
The Executive Summary introduces your restaurant’s business plan, offering a concise overview of your establishment and its offerings. It should detail your market positioning, the variety of cuisines and dining experiences you offer, its location, size, and an outline of day-to-day operations.
This section should also explore how your restaurant will integrate into the local market, including the number of direct competitors within the area, identifying who they are, along with your restaurant’s unique selling points that differentiate it from these competitors.
Furthermore, you should include information about the management and co-founding team, detailing their roles and contributions to the restaurant’s success. Additionally, a summary of your financial projections, including revenue and profits over the next five years, should be presented here to provide a clear picture of your restaurant’s financial plan.
Restaurant Business Plan Executive Summary Example
![sample business plan for a restaurant doc Restaurant Business Plan executive summary1](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Executive-summary-1-1024x576.png.webp)
Business Overview
The business overview should detail the restaurant’s specific features, such as its seating capacity, ambiance, and supply chain practices. It’s important to emphasize how the restaurant caters to its target demographic through its strategic location and operational model.
Example: “[Your Restaurant Name],” located in [specific area or neighborhood], covers [total square footage] sq ft and includes a main dining area, bar, and outdoor patio, offering a total of [number of seats] seats. The restaurant’s commitment to quality is reflected in its locally sourced produce and sustainable supply chain practices, catering to a diverse clientele.
Market Overview
This section involves analyzing the size, growth, and trends of the full-service restaurant market. It should address the industry’s digital transformation, health-conscious dining preferences, and eco-friendly practices, positioning the restaurant within the broader market context.
Example: “[Your Restaurant Name]” enters a U.S. full-service restaurant market valued at $293 billion. The restaurant’s focus on technology, healthier menu options, and sustainability aligns well with current market trends and consumer preferences, setting it apart from six main competitors in the area.
Management Team
Detailing the management team’s background and expertise is crucial. This section should highlight how their experience in culinary arts and restaurant management contributes to the success of the restaurant.
Example: The Executive Chef and Co-Owner of “[Your Restaurant Name]” leads menu development and kitchen operations, ensuring high-quality food preparation and presentation. The General Manager and Co-Owner manages daily operations, staff, customer service, and financial aspects, ensuring a seamless dining experience.
Financial Plan
This section should outline the restaurant’s financial goals and projections, including revenue targets and profit margins, providing a clear picture of its financial aspirations and health.
Example: “[Your Restaurant Name]” aims to achieve $2.7 million in annual revenue with an 11% EBITDA margin by 2028. This financial goal is supported by a focus on quality dining experiences, strategic marketing, and operational efficiency, positioning the restaurant for growth in the competitive full-service restaurant market.
For a Restaurant, the Business Overview section can be concisely divided into 2 main slides:
Restaurant & Location
Briefly describe the restaurant’s physical environment, emphasizing its design, ambiance, and the overall dining experience it offers to guests. Mention the restaurant’s location, highlighting its accessibility and the convenience it offers to diners, such as proximity to entertainment venues or ease of parking. Explain why this location is advantageous in attracting your target clientele.
Supply & Operations
Detail the range of cuisines and dishes offered, from appetizers and main courses to desserts and specialty beverages. Outline your sourcing strategy, ensuring it reflects a commitment to quality and sustainability, and matches the market you’re targeting.
Highlight any unique culinary techniques, exclusive ingredients, or innovative kitchen technologies that set your restaurant apart. Discuss your operational strategies, including inventory management, supplier relationships, and kitchen workflow, to ensure efficiency and consistency in delivering exceptional dining experiences.
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Industry size & growth
In the Market Overview of your restaurant business plan, start by examining the size of the restaurant industry and its growth potential. This analysis is crucial for understanding the market’s scope and identifying expansion opportunities.
Key market trends
Proceed to discuss recent market trends , such as the increasing consumer interest in farm-to-table dining, ethnic cuisines, and experiential dining experiences.
For example, highlight the demand for restaurants that offer unique cultural dishes, the growing popularity of health-conscious and dietary-specific menus, and the integration of technology in enhancing the dining experience.
Competitive Landscape
A competitive analysis is not just a tool for gauging the position of your restaurant in the market and its key competitors; it’s also a fundamental component of your business plan.
This analysis helps in identifying your restaurant’s unique selling points, essential for differentiating your business in a competitive market.
In addition, competitive analysis is integral in laying a solid foundation for your business plan. By examining various operational aspects of your competitors, you gain valuable information that ensures your business plan is robust, informed, and tailored to succeed in the current market environment.
Identifying Competitors in the Restaurant Industry
To comprehensively understand the competitive landscape, start by identifying both direct and indirect competitors in your area. Direct competitors are restaurants offering similar cuisines or targeting a comparable customer base. For instance, if your restaurant specializes in authentic Mexican cuisine, other nearby Mexican restaurants are direct competitors. Indirect competitors may include food trucks, cafes, or even fast-casual eateries offering diverse menus that overlap with your offerings.
Leverage digital tools like Google Maps, Yelp, or food delivery apps to map out the locations of your competitors. Reviews and ratings on platforms like TripAdvisor and social media can offer valuable insights into competitors’ strengths and weaknesses . Positive reviews highlighting exceptional service or a unique dining experience at a competitor’s restaurant can signify an area of focus for differentiation and improvement.
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Restaurant Competitors’ Strategies
To conduct a comprehensive analysis, delve into various aspects of your competitors’ operations:
- Menu Offerings: Assess the breadth and uniqueness of dishes offered by competitors. Take note if any local restaurants are gaining traction by focusing on farm-to-table ingredients, regional specialties, or offering innovative fusion cuisines, as these aspects often indicate emerging market trends .
- Service and Ambiance: Evaluate the overall customer experience. Identify if there’s a competitor renowned for its fine dining experience, another known for its trendy and vibrant atmosphere, or one that excels in providing a casual, family-friendly environment. These elements significantly contribute to a restaurant’s success and differentiation.
- Pricing and Positioning: Compare pricing strategies . Determine whether competitors are positioned as budget-friendly eateries or if they adopt a more upscale approach with premium pricing, highlighting gourmet ingredients, or exclusive dining experiences.
- Marketing Channels : Analyze how competitors market their restaurants. Do they leverage social media platforms for promotions, engage in collaborations with local influencers, or host special events or themed nights? Understanding their marketing tactics provides insights into effective promotional strategies that resonate with the target audience .
- Operational Efficiency: Observe if competitors have adopted technological advancements such as online reservations, mobile apps for ordering, or contactless payment systems. These innovations not only streamline operations but also contribute to an enhanced customer experience.
What’s Your Restaurant’s Value Proposition?
Reflect on what uniquely distinguishes your restaurant from the competition. It could be your innovative fusion of cuisines, a strong emphasis on locally sourced and sustainable ingredients, or perhaps a distinctive ambiance that reflects a particular cultural theme or historical narrative.
Listen attentively to customer feedback and observe emerging industry trends to identify gaps or unmet demands in the market. For instance, if there’s a growing interest in plant-based dining experiences and competitors have not tapped into this niche, it could present an opportunity for your restaurant to cater to this demand and stand out.
Consider how your restaurant’s location influences your strategy. A downtown location might warrant a focus on quick service and catering to office lunch crowds, while a suburban setting could embrace a more relaxed, family-friendly dining environment.
![sample business plan for a restaurant doc Restaurant Business Plan strategy](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Strategy-1024x576.png.webp)
First, conduct a SWOT analysis for the restaurant , highlighting Strengths (such as a unique menu and exceptional customer service), Weaknesses (including potential high operational costs or strong competition in the area), Opportunities (for example, a growing interest in diverse cuisines and healthy eating), and Threats (such as economic downturns that may decrease consumer spending on dining out).
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Marketing Plan
Next, develop a marketing strategy that outlines how to attract and retain customers through targeted advertising, promotional discounts, an engaging social media presence, food blogger outreach, and community involvement, such as local events or charity sponsorships.
Marketing Channels
Utilize various marketing channels to engage with your audience and attract new patrons.
Digital Marketing
- Social Media: Utilize social media platforms such as Instagram, Facebook, Twitter, and TikTok to showcase your restaurant’s ambiance, signature dishes, behind-the-scenes glimpses, chef profiles, and customer testimonials. Regularly engage with your audience by responding to comments, hosting interactive polls, or sharing user-generated content.
- Email Marketing: I mplement an email marketing strategy to build a loyal customer base. Offer incentives such as exclusive recipes, promotional offers, or early access to special events in exchange for subscribing to your newsletter. Regularly communicate with your subscribers, sharing updates, promotions, and stories that resonate with your brand.
- Website and SEO: Maintain an informative website showcasing your menu , chef profiles, reservation options, and reviews. Optimize it for local SEO to ensure visibility in searches related to your cuisine and location.
Local Advertising
- Printed Materials: Distribute well-designed flyers in nearby neighborhoods, advertise in local magazines, and collaborate with tourism centers or hotels for exposure.
- Community Engagement: Sponsor local events, collaborate with food bloggers or influencers, and participate in food festivals or charity events to increase brand visibility and community involvement.
- Partnerships: Forge partnerships with complementary businesses (such as wine shops or local farmers’ markets) for cross-promotions or collaborative events.
Promotional Activities
Engage potential customers through enticing offers and events.
- Special Offers: Launch promotions like ‘Chef’s Tasting Menu Nights’ or ‘Happy Hour Discounts’ to attract new diners and retain regulars.
- Loyalty Programs: Implement a loyalty system offering rewards for frequent visits or referrals, such as a free appetizer or dessert after a certain number of visits.
- Events and Special Occasions: Host themed nights, seasonal menus, or exclusive culinary events to create buzz and attract diverse audiences.
![sample business plan for a restaurant doc Restaurant Business Plan marketing plan](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Marketing-plan-1024x576.png.webp)
Sales Channels
Efficiently manage sales channels to maximize revenue and customer satisfaction.
In-Restaurant Upselling
- Menu Strategies: Highlight premium dishes or chef’s specials, offer wine pairings or dessert suggestions, and train staff to upsell without being pushy.
- Merchandising: Display branded merchandise, specialty sauces, or cookbooks for sale to complement the dining experience.
Online Ordering and Delivery
- Online Ordering Platform: I mplement an easy-to-use online ordering system for takeout or delivery orders. Offer exclusive online discounts or bundle deals.
- Delivery Partnerships: Collaborate with food delivery services or establish in-house delivery for customers’ convenience.
Reservation Management
- Reservation System: Utilize an efficient reservation platform to manage bookings. Offer incentives for off-peak reservations or special occasions.
Membership and VIP Programs
Developing membership and VIP programs can cultivate a loyal customer base and drive recurring revenue:
- VIP Memberships: Create exclusive membership tiers offering perks like priority reservations, chef’s table access, or private event invitations.
- Reward Programs: Develop a digital loyalty system where customers earn points for every dollar spent, redeemable for discounts, exclusive menu items, or special events.
Strategy Timeline
Finally, create a detailed timeline that outlines critical milestones for the restaurant’s opening, marketing campaigns, customer base growth, and expansion objectives, ensuring the business moves forward with clear direction and purpose.
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The management section focuses on the restaurant’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the restaurant towards its financial and operational goals.
For your restaurant business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.
![sample business plan for a restaurant doc Restaurant Business Plan management1](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Management-1024x576.png.webp)
The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your restaurant’s approach to securing funding, managing cash flow, and achieving breakeven.
This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.
For your restaurant business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).
Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds
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Restaurant Business Plan Template
Written by Dave Lavinsky
Restaurant Business Plan
You’ve come to the right place to create a successful restaurant business plan.
We have helped over 100,000 entrepreneurs and business owners with how to write a restaurant business plan to help them start or grow their restaurants.
What is a Restaurant Business Plan?
A restaurant business plan is a plan to start and/or grow your restaurant business. Among other things, it outlines your business concept, identifies your target market, presents your marketing plan and details your financial projections.
What are the Main Types of Restaurants?
There are many types of restaurant businesses which vary based on their service style. Restaurants can range in type from fast food, fast casual, moderate casual, fine dining, and bar and restaurant types.
Restaurants also come in a variety of different ethnic or themed categories, such as Mexican restaurants, Asian restaurants, American, etc. Some restaurants also go mobile and have food trucks.
How Do You Get Funding for Your Restaurant Business Plan?
Restaurant businesses are most likely to receive funding from banks or independent restaurant investors. Typically you will find a local bank and present your restaurant business plan to them. Most independent restaurant investors are in the restaurant business already and can be a valuable resource for advice and help with your business plan.
Another option for a restaurant business is to obtain a small business loan. SBA loans are a popular option as they offer longer loan terms with lower interest rates.
Sample Business Plan for a Restaurant Owner
Below is a business plan example to help you create each section of a comprehensive restaurant business plan.
Executive Summary
Business overview.
Bluehorn Restaurant & Steakhouse is a new restaurant and steakhouse located in Oklahoma City, Oklahoma. The menu of Bluehorn Restaurant & Steakhouse will include bistro-type dishes that are authentically created and crafted by acclaimed Chef Peter Logan. It will be located in the trendy part of town, known as the Plaza District. The restaurant will be surrounded by classy art galleries, live theater, high-end restaurants and bars, and expensive shopping.
Owned by emerging restaurant operators Chef Peter Logan and Anastasia Gillette, Bluehorn Restaurant & Steakhouse’s mission is to become Oklahoma City’s best, new business for patrons to celebrate their next big event, have a nice date night, or gather with friends or family for a fun evening while dining over finely crafted entrees, desserts, and cocktails.
Products Served
The following are the menu items to be offered by Bluehorn Restaurant & Steakhouse:
- Soups & Salads
- Gourmet sides
- Wine, Beer & Spirits
A sample menu can be found in the Appendix of this business plan.
Customer Focus
Bluehorn Restaurant & Steakhouse will target adult men and women between the ages of 21 – 65 with disposable income in Oklahoma City, Oklahoma. Within this demographic are millennials, young professionals, newlyweds, young families, more established families, and retirees. Because of the pricing structure of the menu, the patrons will likely be upper middle class to the wealthy population of Oklahoma City.
Management Team
Bluehorn Restaurant & Steakhouse is owned and operated by fellow Oklahoma City natives and culinary enthusiasts, Chef Peter Logan and Anastasia Gillette. Both come with a unique skill set and complement each other perfectly. They formerly worked together at another OKC fine dining establishment and made a great team for serving guests delectable food and wine while ensuring the highest level of customer service.
Chef Peter will manage the kitchen operations of Bluehorn Restaurant & Steakhouse, while Anastasia will oversee front of the house operations, maintain and ensure customer service, and manage all reservations.
Financial Highlights
Bluehorn Restaurant & Steakhouse is seeking $300,000 in debt financing to open its start-up restaurant. The funding will be dedicated for the build-out and restaurant design, kitchen, bar and lounge, as well as cooking supplies and equipment, working capital, three months worth of payroll expenses and opening inventory. The breakout of the funding is below:
- Restaurant Build-Out and Design – $100,000
- Kitchen supplies and equipment – $100,000
- Opening inventory – $25,000
- Working capital (to include 3 months of overhead expenses) – $25,000
- Marketing (advertising agency) – $25,000
- Accounting firm (3 months worth and establishment/permitting of business) – $25,000
![sample business plan for a restaurant doc financial projections for Bluehorn Restaurant](https://planbuildr.com/wp-content/uploads/2021/06/Restaurant-financials-740x532.png)
Company Overview
Bluehorn Restaurant & Steakhouse is a new restaurant and steakhouse located in Oklahoma City, Oklahoma. Bluehorn Restaurant & Steakhouse will serve a wide variety of dishes and beverages and will cater to the upper middle class to wealthier population of Oklahoma City. The menu of Bluehorn Restaurant & Steakhouse will include bistro-type dishes that are authentically created and crafted by acclaimed Chef Peter Logan. It will be located in the trendy part of town, known as the Plaza District. The Plaza District is one of Oklahoma’s trendy neighborhoods and is considered the “it” area for newlyweds, millennials, professionals, and young singles. The restaurant will be surrounded by classy art galleries, live theater, high-end restaurants and bars, and expensive shopping.
Owned by emerging restaurant operators Chef Peter Logan and Anastasia Gillette, the restaurant’s mission statement is to become the best new steak restaurant in OKC. The following are the types of menu items Bluehorn Restaurant & Steakhouse will serve- shareables, steaks, soups, gourmet sides and salads.
Bluehorn Restaurant & Steakhouse History
Bluehorn Restaurant & Steakhouse is owned by two Oklahoma City natives, Chef Peter Logan and Anastasia Gillette. They have both worked around the country in fine dining establishments and have a combined twenty years in the restaurant industry. Upon working alongside each other at another fine dining establishment in Oklahoma City, the two of them became good friends and decided to venture into owning their own restaurant.
Chef Peter is the kitchen guru and critically acclaimed chef, while Anastasia manages the front of the house and is a certified Sommelier. Together, with both of their expertise and knowledge, Bluehorn Restaurant & Steakhouse is destined to become Oklahoma City’s next big restaurant.
Industry Analysis
The restaurant industry is expected to grow to over $220 billion in the next five years.
Consumer spending is projected to grow. The Consumer Confidence Index, a leading indicator of spending patterns, is expected to also grow strongly, which will boost industry growth over the next five years. The growth in consumer confidence also suggests that more consumers may opt to segment their disposable income to eating outside the home.
Additionally, an increase in the number of households earning more than $100,000 annually further contributes to the industry growth, supporting industry operators that offer more niche, higher-end products. This group is expected to continue to grow in size over the next five years.
The urban population represents a large market for the industry. Specifically, time-strapped individuals living in urban areas will likely frequent industry establishments to save time on cooking. The urban population is expected to increase, representing a potential opportunity for the industry.
Customer Analysis
Demographic profile of target market.
Bluehorn Restaurant & Steakhouse will target adult men and women between the ages of 21 – 65 with disposable income in Oklahoma City, Oklahoma. Within this demographic are millennials, young professionals, newlyweds, young families, more established families, and retirees. Because of the pricing structure of the menu, the patrons will likely be upper middle class to the wealthy population of Oklahoma City.
Customer Segmentation
The target audience for Bluehorn Restaurant & Steakhouse will primarily include the following customer profile:
- Upper middle class to wealthier population
- Millennials
- Young professionals
- Households with an average income of at least $75k
- Foodies and culture enthusiasts
Competitive Analysis
Direct and indirect competitors.
Bluehorn Restaurant & Steakhouse will be competing with other restaurants in Oklahoma City. A profile of each of our direct competitors is below.
Located in the trendy area known as the Plaza District, The Press has reimagined our favorite foods of the surrounding regions through the lens of home.
The menu consists of appetizers, soups, burgers and sandwiches, bowls, main dishes, sides, desserts, and a large selection of alcoholic beverages. The Press serves craft beer, domestic beer, wine spritzers, house cocktails, wine, and mimosas. They also offer brunch. The menu of The Press is affordable with the most expensive dish being $16. The wine menu is also not pretentious as the wine is sold either by the glass or bottle, with the most expensive bottle being $52 for the Gruet Sparkling Brut Rose.
Oak & Ore
Oak & Ore is a craft beer and restaurant in OKC’s Plaza District. They have a 36-tap beer selection and offer vegetarian, vegan, and gluten free dining options. Oak & Ore offers a rotating, 36-tap selection of their favorite brews from Oklahoma and around the world. Each beer is thoughtfully paired with a craft beer-inspired restaurant experience.
The food menu of Oak & Ore offers starters, salads, wings, fried chicken, sandwiches, tacos, banh mi, and sides. They also have a selection of kids dishes so the whole family can enjoy comfort food while sampling one of their delectable beers.
The Mule OKC
The Mule is a casual, hip restaurant offering a large beer and cocktail menu plus sandwiches and more. Located in the constantly growing and buzzing hub that is the Plaza District, The Mule takes the timeless favorite and contorts it into a whole menu of wild offerings.
There is also a fantastic assortment of soups offered and The Mule shakes up a seasonal list of cocktails designed by their bar staff. During the winter months, patrons can stave off the cold with their versions of hot toddies and buttered rum. For the beer drinkers, they always have a reliable line-up of fresh cold brews on draft, as well as a wide selection of can.
Competitive Advantage
Bluehorn Restaurant & Steakhouse offers several advantages over its competition. Those advantages are:
- Gourmet dishes elegantly prepared to the finest standard.
- Selection of steaks sourced from local Oklahoma farms.
- An exclusive and unique wine menu that includes a wine selection of all price points.
- Highly sought after location: Bluehorn Restaurant & Steakhouse will be located in the trendy and attractive neighborhood known as The Plaza District.
- Trendy, welcoming, and energetic ambiance that will be perfect for a night out or a celebration.
Marketing Plan
Promotions strategy.
The marketing strategy for Bluehorn Restaurant & Steakhouse is as follows:
Bluehorn Restaurant & Steakhouse’s location is a promotions strategy in itself. The Plaza District is a destination spot for locals, tourists, and anyone looking for the trendiest food fare in Oklahoma City. The Plaza District is home to OKC’s most popular bars and restaurants, art galleries, theaters, and boutique shopping. The millennials, young professionals, and foodies will frequent Bluehorn Restaurant & Steakhouse for the location itself.
Social Media
Bluehorn Restaurant & Steakhouse will use social media to cater to the millennials and Oklahoma City residents. Chef Peter and Anastasia plan to hire an advertising agency to take professional photographs of the menu items and location to create appealing posts to reach a greater audience. The posts will include pictures of the menu items, as well as upcoming featured options.
SEO Website Marketing
Bluehorn Restaurant & Steakhouse plans to invest funds into maintaining a strong SEO presence on search engines like Google and Bing. When a person types in “local fine dining restaurant” or “Oklahoma City restaurant”, Bluehorn Restaurant & Steakhouse will appear in the top three choices. The website will include the full menu, location, hours, and lots of pictures of the food, drinks, and steaks.
Third Party Delivery Sites
Bluehorn Restaurant & Steakhouse will maintain a presence on sites like GrubHub, Uber Eats, Doordash, and Postmates so that people looking for local food to be delivered will see Bluehorn Restaurant & Steakhouse listed near the top.
Operations Plan
Operation functions:.
The company will hire the following:
- 4 sous chefs
- 2 bartenders
- 2 hostesses
- The company will hire an advertising agency and an accounting firm
Milestones:
Bluehorn Restaurant & Steakhouse aims to open in the next 6 months. The following are the milestones needed in order to obtain this goal.
7/1/202X – Execute lease for prime location in the Plaza District.
7/2/202X – Begin construction of restaurant build-out.
7/10/202X – Finalize menu.
7/17/202X – Hire advertising company to begin developing marketing efforts.
8/15/202X – Start of marketing campaign
8/22/202X – Final walk-thru of completed restaurant build-out.
8/25/202X – Hire the entire team of sous chefs, servers, and bussers.
9/1/202X – Decoration and set up of restaurant.
9/15/202X – Grand Opening of Bluehorn Restaurant & Steakhouse
Bluehorn Restaurant & Steakhouse will be owned and operated by Chef Peter Logan and Anastasia Gillette. Each will have a 50% ownership stake in the restaurant.
Chef Peter Logan, Co-Owner
Chef Peter Logan is an Oklahoma City native and has been in the restaurant industry for over ten years. He was trained in a prestigious Le Cordon Bleu Culinary Academy in San Francisco and has worked in some of the nation’s most prestigious fine dining restaurants. His tenure has took him from the west coast to the east coast, and now he’s back doing what he loves in his hometown of Oklahoma City.
Chef Peter will manage the kitchen operations of Bluehorn Restaurant & Steakhouse. He will train and oversee the sous chefs, manage inventory, place food inventory orders, deal with the local food vendors, and ensure the highest customer satisfaction with the food.
Anastasia Gillette, Co-Owner
Anastasia Gillette was born and raised in Oklahoma City and has garnered over ten years in the industry as well. While in college, Anastasia worked as a hostess at one of the area’s most prestigious restaurant establishments. While there, she was eventually promoted to Front of the House Manager where she oversaw the hostesses, servers, bussers, bartenders, and reservations. Her passion always led to the beverage portion of the restaurant so she obtained her Sommelier certificate in 2019. With her wine education, Anastasia is able to cultivate an interesting and elegant wine selection for the restaurant.
Anastasia will oversee front of the house operations, maintain and ensure customer service, and manage all reservations. She will also be in charge of the bar and wine ordering, training of front of the house staff, and will manage the restaurant’s social media accounts once they are set up.
Financial Plan
Key revenue & costs.
The revenue drivers for Bluehorn Restaurant & Steakhouse will come from the food and drink menu items being offered daily.
The cost drivers will be the ingredients and products needed to make the menu items as well as the cooking materials. A significant cost driver is the fine dining equipment, serving dishes, and beer and wine glasses. Other cost drivers will be the overhead expenses of payroll for the employees, accounting firm, and cost of the advertising agency.
Funding Requirements and Use of Funds
Bluehorn Restaurant & Steakhouse is seeking $300,000 in debt financing to open its start-up restaurant. The breakout of the funding is below:
Financial Projections
Income statement.
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
Revenues | ||||||
Total Revenues | $360,000 | $793,728 | $875,006 | $964,606 | $1,063,382 | |
Expenses & Costs | ||||||
Cost of goods sold | $64,800 | $142,871 | $157,501 | $173,629 | $191,409 | |
Lease | $50,000 | $51,250 | $52,531 | $53,845 | $55,191 | |
Marketing | $10,000 | $8,000 | $8,000 | $8,000 | $8,000 | |
Salaries | $157,015 | $214,030 | $235,968 | $247,766 | $260,155 | |
Initial expenditure | $10,000 | $0 | $0 | $0 | $0 | |
Total Expenses & Costs | $291,815 | $416,151 | $454,000 | $483,240 | $514,754 | |
EBITDA | $68,185 | $377,577 | $421,005 | $481,366 | $548,628 | |
Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
EBIT | $41,025 | $350,417 | $393,845 | $454,206 | $521,468 | |
Interest | $23,462 | $20,529 | $17,596 | $14,664 | $11,731 | |
PRETAX INCOME | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
Income Tax Expense | $6,147 | $115,461 | $131,687 | $153,840 | $178,408 | |
NET INCOME | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 |
Balance Sheet
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 | |
Accounts receivable | $0 | $0 | $0 | $0 | $0 | |
Inventory | $30,000 | $33,072 | $36,459 | $40,192 | $44,308 | |
Total Current Assets | $184,257 | $381,832 | $609,654 | $878,742 | $1,193,594 | |
Fixed assets | $180,950 | $180,950 | $180,950 | $180,950 | $180,950 | |
Depreciation | $27,160 | $54,320 | $81,480 | $108,640 | $135,800 | |
Net fixed assets | $153,790 | $126,630 | $99,470 | $72,310 | $45,150 | |
TOTAL ASSETS | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 | |
LIABILITIES & EQUITY | ||||||
Debt | $315,831 | $270,713 | $225,594 | $180,475 | $135,356 | |
Accounts payable | $10,800 | $11,906 | $13,125 | $14,469 | $15,951 | |
Total Liability | $326,631 | $282,618 | $238,719 | $194,944 | $151,307 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
Total Equity | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
TOTAL LIABILITIES & EQUITY | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 |
Cash Flow Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 | |
Change in working capital | ($19,200) | ($1,966) | ($2,167) | ($2,389) | ($2,634) | |
Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
Net Cash Flow from Operations | $19,376 | $239,621 | $269,554 | $310,473 | $355,855 | |
CASH FLOW FROM INVESTMENTS | ||||||
Investment | ($180,950) | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($180,950) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from equity | $0 | $0 | $0 | $0 | $0 | |
Cash from debt | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
Net Cash Flow from Financing | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
Net Cash Flow | $154,257 | $194,502 | $224,436 | $265,355 | $310,736 | |
Cash at Beginning of Period | $0 | $154,257 | $348,760 | $573,195 | $838,550 | |
Cash at End of Period | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 |
You can download our free restaurant business plan template PDF . This restaurant business plan template can be used to create a finalized business plan for your restaurant concept.
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How to write a restaurant business plan [with sample].
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By D. J. Costantino
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You can't start a restaurant without a plan. A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this:
- A business plan is typically the first thing any lender or investor will want to look at
- Taking the time and energy to create one proves to others (and yourself) that you're serious about the venture
- You'll have a document to reference during the planning or opening of your restaurant.
Although it's an essential step in starting a restaurant , creating a business plan can be challenging for an aspiring restaurateur. But it doesn't have to be overwhelming. There are a few key sections that should be included...
Table of Contents
- What is a Restaurant Business Plan?
- Restaurant Business Plan Sample Outline
- Section 1: Executive Summary
- Section 2: Company Description
- Section 3: Market Analysis
- Section 4: Marketing Plan
- Section 5: Operations Plan
- Section 6: Financials
Section 7: Appendix
- Other Resources
What is a restaurant business plan, and why do you need one?
A restaurant business plan is a document that outlines the various aspects of your restaurant business. It can be used to secure funding from investors or keep track of your progress as you develop your business. A business plan should include information on your target market, competition, business model, marketing strategy, and financial projections.
A business plan is commonly associated with investors—it's what they will look to for a better understanding of a business, its concept , and its competitive advantage. It will also show how you plan to create a successful restaurant.
Restaurant investor Lauren Fernandez at Full Course keeps it simple: “It's to convince someone to give you money.”
“If you seek investment, it tells the story of the venture to potential investors and/or banks. For the business owner, it sets parameters as well as goals for both the pre and post-opening period. A good operator looks back on their Business Plan on a monthly or quarterly basis to gauge where they are in terms,” says Mark Moeller, president, and owner of The Recipe of Success , a national restaurant consulting firm.
That being said, a business plan doesn't have to be extensive. “Be detailed but not overly so,” says Moeller. “When a plan is too wordy, it tends to turn off the reader and can actually prevent them from finishing,” Lauren Fernandez adds that the business plan should be more akin to a sales document, not an A-to-Z tactical roadmap. At the end of the day, the main goal is to convince a lender or investor to give you money.
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Restaurant Business Plan Template
Start creating you restaurant business plan with our free PDF template
The key ingredients of a great restaurant business plan
Section 1: cover page and executive summary.
This is the “elevator pitch.” An effective executive summary quickly tells the reader who you are and leaves them wanting more. Include items like:
- Your restaurant's name, concept, and cuisine—if you have a logo, use it!
- The management team
- Your market position and competitive advantage
- Your financial projections and the break-even point in sales and days
Section 2: Company description
This section gives a high-level overview of the business you're looking to start: tell investors what your restaurant is all about, who your team is, and how you're going to serve the market.
Restaurant concept
What type of restaurant are you looking to open? Here is where you'll want to give investors an overview of your business. Speak to what sets you apart from the pack, what food you'll serve, the service style (fast-food, fast casual, fine dining, etc.) you'll use, and what makes your new business special. Check out these successful restaurant ideas .
Mission Statement
Your restaurant's mission statement should boil down the essence of why you're starting this new venture in just a few words.
Some mission statements are short and to the point, like Ninety Nine's (“A Passion to Serve”). If you can't simplify your mission in just four words, there's no harm in elaborating. Here is Union Square Hospitality Group 's mission statement: At Union Square Hospitality Group, our mission is to enrich lives through the power of Enlightened Hospitality. This unique approach puts our employees first because we believe that attracting, hiring, and nurturing the right people is what sets our businesses apart. We aim to find “51%ers”, individuals who embody our Family Values of Excellence, Hospitality, Entrepreneurial Spirit, and Integrity. While much longer, it clearly speaks to the company's unique position and goals for the industry.
Management team
Tell potential investors who you already have on your team. It works in your favor to show strong connections to the restaurant industry. “Are they an island, or do they have good connections? The more people they have around them, there's something about that; there's an indicator of success that I can't put my finger on.” says Lauren Fernandez. Investors want to see that you have good people around you. If you have a great GM on board, introduce them here. An award-winning chef in the kitchen? Tell investors about them. Include a headshot, quick bio, and list of relevant experience.
Sample Menu
You don't, by any means, have to have a menu ready to go. But give an idea of some dishes or drinks with projected price points. A sample menu can go a long way in helping a potential investor imagine themselves eating at your restaurant. It also shows that you've done your research given the market, suppliers, and have an idea on menu design .
Section 3: Conduct a market analysis
This covers the customer base you're hoping to appeal to, your position in said market, and what you'll do to catch people's eyes. Describe the current restaurant market where you want to open:
Target market and demographics
Who is your target customer? Here's where you'll explain the tactics you took in conducting your market research and the results of those findings.
You'll want to highlight the most relevant statistics you found about your restaurant business. For example, if you're starting a coffee shop , you may cover that your primary research concluded that 24-36 year-olds make up 40% of your area's population. Research from other outlets suggested that coffee consumption for millennials continues to rise.
This would lead to a convincing, research-based conclusion that the coffee shop could be a realistic and profitable endeavor for the area.
Location analysis
You don't have to have a specific restaurant location or address in mind when you create a business plan. Set your focus on the city or the general neighborhood you want open in, and why you're looking at that area.
Give an overview of the market conditions in your area. Talk about things like restaurant foot traffic , day-parts, local events, and what that part of the city looks like in the future. Is there a new stadium or highrise on the way? Outline it in this section.
Your location choice should align well with the market you intend to target. For example, if you're hoping that young professionals will make up a large portion of your business, ensure your chosen location has that density of people.
Competitive analysis
Explain how your restaurant will stand out in a sea of competition. A good idea is to include SWOT analysis for your restaurant, outlining the internal strengths and weaknesses you believe your new business would have, as well as any external opportunities and threats you'd face as an entrepreneur.
Here are examples of each:
- Strengths : Combined 30+ years of restaurant experience from the leadership team.
- Weaknesses : Needed ramp-up time for staff could set our financial projections back.
- Opportunities : Our location is near several office buildings, suggesting we would have a steady flow of white-collar lunch customers and after-work dinner guests.
- Threats : An established restaurant of a similar concept is close in proximity, posing a direct threat to our potential market share.
In your SWOT analysis, you should identify how you intend to overcome the weaknesses and threats your restaurant will face to reassure investors they won't be the downfalls of your business.
Section 4: Marketing strategy
How will you reach your target audience? Sticking with the above example of a coffee shop, you may want to talk about your restaurant advertising ideas for millennials, like using TikTok marketing to promote your menu items and an app-based loyalty program.
Marketing plan and channels
Talk about what marketing channels you plan to use to get butts in seats. Detail your plans for using social media , local advertising, promotions, and how you're going to reach your target audience.
Positioning
You'll also want to take a stance on how you'd like to position your restaurant's brand and how you'd like it to be perceived. 65% of consumers feel an emotional connection to brands, so the stronger your emphasis on yours, the more likely your target market will notice and identify with it.
Grand opening plan
You can't have a restaurant without a grand opening .
“Budget at least 2-3% build cost for Grand Opening marketing. You have ONE shot at making a splash in the market, and you must get the grand opening right,” says Lauren Fernandez.“Grand opening should be a week-long celebration, not just one day. Give loyal fans a reason to come back daily. The grand opening ramp-up should begin ~90 days to open, working the market and creating excitement,”
Recommended Reading: Simple Restaurant Marketing Plan + PDF Template
Section 5: An overview of operations
Some investors want to see how all the moving pieces will mesh daily with a detailed operations plan. This section should encompass your staffing strategies, what tech you'll use, and what your restaurant layout may be.
Hiring is routinely one of the most difficult tasks in food service. Recent statistics showed that the number of people working in restaurants is declining. Add to that rising restaurant labor cost and high staff turnover . Investors want to know your hiring and retention tactics, such as retention and engagement strategies.
Back of the house
Talk about the details of the back-of-house in your restaurant, such as the commercial kitchen equipment your cooks and chefs will be wielding during their shifts and what the kitchen layout and workflow will be. If you have mock-ups - such as a kitchen floor plan - you can include them here.
Here is also a good time to discuss processes you plan to adhere to in the back of the house, such as food cost control methods and who your inventory suppliers are.
Restaurant technology
Tell investors what technology you plan on using to run your business—and not just the POS (point of sale). Restaurants have access to a bevy of software to run their business efficiently, and investors want to see that you are a savvy operator. You may want to list out:
- Team Management
- Point of Sale Systems
- Scheduling software
- Inventory management systems
- Task management tools
- Time Clocking
- Manager Log Books
Recommended Reading: Everything to Know About Restaurant Management Systems
Section 6: The financials
Don't be offended if you see investors skip straight to this section. After all, a business comes down to making money.
So before you finalize this plan, quadruple check these projections, look over your graphs and tables, and consider running them by a hired financial professional in your area.
Startup costs
Any good investor will want to know what his or her money will be going to. Disclose how much money you'll need to get this project off the ground, identify the biggest expenses, and don't be afraid to put a line item in for working capital - which is a reserve fund for your first few (likely slower) months of operation. Also, disclose if there are any planned restaurant business loans .
Sales forecast
It can be hard to create an accurate forecast without a business. But a conservative yet confident restaurant sales forecast can show investors that you're doing the research and considering the right things. You should base this forecast on a few criteria: capacity, target market, delivery/takeout options, month-over-month growth expectations, hours of operation, and menu prices.
Projected Profit & Loss Statement
Use a projected (or pro forma) P&L statement to show investors how much money you expect to have made - or lost - by the end of your first year. This should be based on your sales forecast and your projected restaurant costs (both for opening the restaurant and operating it throughout the year).
Recommended Reading: Free Restaurant Profit and Loss Statement Template
Break-Even Analysis
It's an unforgettable day for a restaurant owner when the business becomes profitable - and you can determine that point in time with a break-even analysis . Calculating break-even will project the threshold to reach in time and sales to pay back investments and startup costs, thus reaching profitability.
Show investors how you reached your break-even point with a break-even calculation. You can reach this number by dividing total fixed costs by the difference between average revenue per guest and average variable cost per guest.
Alternatively, plug those projections in this formula to produce break-even dollars:
Break Even Point = Total Fixed Costs ÷ (Avg. revenue per guest - Avg. variable cost per guest)
You can then compare this number to your sales forecast to determine a timeline for the break-even point in days to let investors know what day they'll start seeing an ROI.
Recommended Reading: 15 Restaurant Metrics to Know and How To Use Them
The appendix and its contents are all optional, but this section could contain charts, plans, graphics, imagery, or any other material investors may find useful.
Floor Plans
As mentioned earlier, the appendix is the perfect place to include any mockups of your restaurant floor plans . These plans give readers an idea of how guests and employees will be able to maneuver through and interact with each other in the space.
Additional Financial Charts
Got supporting financial documents, like projected cash flow and a projected income statement? Awesome. Place them in here to show investors you really know your numbers.
Design Mockups
If you’ve worked with a building renovator and/or interior designer, include any graphic mockups of what the space would look like. Again, this section is completely optional, but it helps investors visualize the project you’re so passionate about and proves to them that you’ve gone the extra mile in your business research and preparation.
Use this sample template to help you build your restaurant business plan. Feel free to copy and paste this entire section into a Microsoft Word file or download the outline sample in Google Docs . Then replace the explanations for each section with information about your restaurant business.
Other Resources for Your Restaurant Business Plan
No great business plan is written in a vacuum. Use whatever you have at your disposal, from industry contacts to other entrepreneurs, and read up on more best practices. Here are a few resources that you can use to help you write a successful restaurant business plan.
- Writing a Business Plan
- US Gov - Start Your Own Business
- US Chamber: 64 Grants, Loans and Programs to Benefit Your Small Business
- SCORE Business mentors: About Score
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Hi! I'm D.J., 7shifts' resident Content Writer. I come from a family of chefs and have a background in food journalism. I'm always looking for ways to help make the restaurant industry better!
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To obtain some funding for your restaurant business, it would be necessary for you to sit down and draft a unique and well-thought restaurant business plan . The plan must be outstanding and top-notch, otherwise, you may not get any startup capital. To help you draft an awesome restaurant business plan, you can download and make use of our professionally designed plan templates as they come with impressive premade content.
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Wrapping up:
General faqs, 1. what is a restaurant business plan, 2. what are the components of a restaurant business plan.
- Executive Summary
- Company and Industry Analysis
- Customer and Competitive Analysis
- Strategic and Operations Plan
- Financial Plan
- Management Team
- Key Milestones.
3. What is the Purpose of a Restaurant Business Plan?
4. what are the advantages of using a business plan.
- It sets the right priorities for your company
- It strengthens accountability in the market
- It monitors your budget and monetary details clearly
- It helps you manage your resources.
5. What Blunders Should You Avoid Making in Your Business Plan?
- Avoid making unrealistic assumptions
- Do not argue that there is no rival(s)
- Do not provide false information about your business plan
- Do not turn your business plan into a product manual.
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How to Write a Restaurant Business Plan (+ Examples)
Learn how to create a restaurant business plan with the best format that outlines your concept, and financials. Get examples and templates to get started.
10 minute read
helped business professionals at:
Short answer
What is a business plan for a restaurant?
A business plan for a restaurant is a document that outlines the restaurant's concept, strategies, and financial forecasts. It serves as a roadmap for launching and growing the establishment successfully.
Don't just focus on profit margins, ensure your business plan is well-presented
In the competitive world of the restaurant industry, where low-profit margins are a well-known hurdle, there emerges a critical, yet often overlooked, factor pivotal to success: the design of the business plan.
As we enter 2024, it's becoming increasingly clear that the traditional overlook of business plan design can no longer be afforded.
This isn't just about financial projections or market analysis; it's about crafting a blueprint that encapsulates the essence of your restaurant, compellingly communicates its value, and sets a solid foundation for growth.
By focusing on the design of your business plan, you stand to gain not just the attention of potential investors but also a clearer roadmap to navigate the challenges ahead.
What makes an effective business plan?
Embarking on the restaurant business journey requires more than just a passion for food-it demands a comprehensive plan that lays out every aspect of your venture with precision and foresight.
Let's delve into what constitutes an effective restaurant business plan, ensuring it's not just another document, but a roadmap to success.
6 key components of a winning restaurant business plan:
1. Vision and concept clarity
Start with a crystal-clear articulation of your restaurant's concept. Whether it's a cozy vegan cafe or a high-end steakhouse, the essence of your establishment should leap off the page.
This clarity helps potential investors and partners instantly grasp what you're aiming to create.
Beyond the concept, delineate your restaurant's values, mission, and the unique selling points that set you apart in a crowded market.
2. Comprehensive market analysis
A deep dive into market analysis cannot be overstated. Here, you're not just identifying who your customers are but also understanding the competitive landscape.
What are the prevailing trends in the dining sector? Who are your direct and indirect competitors, and how do you plan to differentiate yourself? This section should reflect a meticulous research process, showcasing insights that guide your strategy.
3. Robust financial planning
In any successful business plan, sound financial management is key.
Essential elements include:
Realistic financial projections: Your forecasts should be realistic, and built on data-backed assumptions.
Detailed profit and loss forecasts
Cash flow predictions
Break-even analysis
Contingency planning: Preparing for unforeseen challenges is crucial.
Develop a well-thought-out contingency plan to navigate the industry's unpredictable nature.
Identify potential risks and solutions, including supplier issues, staffing shortages, and changes in consumer behavior, to ensure business resilience.
4. Operational strategies
Operational excellence underpins a restaurant's success. Detail your plans for day-to-day operations, from sourcing ingredients to managing inventory and staffing.
Highlight your commitment to quality and efficiency in every aspect of the operation, from the kitchen to customer service.
Also, outline the technology, such as restaurant POS systems you'll implement to streamline processes and enhance the dining experience.
5. Marketing and branding
In today's digital age, a savvy marketing and branding strategy is crucial.
Describe how you'll create a strong brand identity and the channels you'll use to reach your target audience.
From social media campaigns to community engagement initiatives, your plan should reflect a keen understanding of how to connect with potential customers and build a loyal following.
Discover how to create a marketing deck to align your strategy with your business objectives, target audience needs, and market trends.
6. Customer experience focus
Exceptional customer service is the lifeblood of any successful restaurant. Detail the steps you'll take to ensure every guest feels valued and satisfied.
From the ambiance and menu design to staff training programs, every element should contribute to a memorable dining experience.
Feedback mechanisms and how you'll adapt to customer preferences are also vital components of this section.
What should be included in a restaurant business plan?
Creating a restaurant business plan is a foundational step toward launching a successful dining establishment.
It outlines your vision, strategy, and the specific actions you plan to take to make your restaurant a success.
Below, we break down the essential components that should be included in your restaurant business plan, ensuring clarity, comprehensiveness, and appeal to potential investors.
8 essential sections of a restaurant business plan:
1. Executive summary
A compelling overview of the restaurant, showcasing its unique concept, mission, and strategic objectives that guide its operations.
Overview: Present a succinct snapshot of your restaurant, including its concept, mission, key goals, and ownership structure.
Purpose: Highlight what you aim to achieve with the restaurant and the appeal it has to potential investors or lenders.
2. Business description
An in-depth look at the restaurant's theme, location, and how these elements combine to create a distinctive dining experience.
Concept and theme: Describe the unique aspects of your restaurant's concept, from the cuisine and menu items to the design and ambiance.
Location analysis: Analyze the chosen location, discussing demographics, foot traffic, and how these factors make it an ideal spot for your target market.
3. Market analysis
An insightful examination of dining trends, target demographics, and customer needs to inform strategic positioning.
Trends: Examine current trends in the dining industry and how they influence your restaurant's positioning.
Target demographic: Identify your target customers, detailing their preferences, dining habits, and how your restaurant will meet their needs.
Needs and preferences: Focus on understanding and catering to what your target market seeks in a dining experience.
4. Competitive analysis
A detailed evaluation of competitors, focusing on differentiation and strategies for establishing a market edge.
Competitors: List direct and indirect competitors, analyzing their strengths, weaknesses, and how you'll differentiate your restaurant.
Differentiation: Explain the unique selling points that will set your restaurant apart in the competitive landscape.
5. Menu and product offering
Overview of menu design, ingredient sourcing, and special services that enhance the restaurant's appeal.
Menu design: Discuss the inspiration behind your menu, including how it reflects the theme and caters to your target demographic. Outline your pricing strategy and item selection.
Sourcing and suppliers: Detail your approach to sourcing high-quality ingredients, including partnerships with local suppliers and commitments to sustainability.
Special offerings: Highlight any additional services your restaurant offers, such as catering, special events, or exclusive seasonal menus, to draw in a wider audience and generate extra revenue.
6. Marketing and sales strategy
A summary of branding efforts, promotional tactics, and sales projections designed to attract and retain customers.
Branding: Detail your restaurant's brand identity, including name, logo, and how it communicates your restaurant's values and mission.
Marketing tactics: Outline the strategies you will employ to attract and retain customers, such as social media marketing, local advertising, partnerships, and loyalty programs.
Sales forecasts: Provide realistic sales forecasts, explaining the rationale behind these projections and how you plan to achieve them.
7. Operating plan
Description of daily operations, facility management, and health safety protocols to ensure smooth and compliant restaurant functionality.
Daily operations: Describe the operational flow of the restaurant, including hours of operation, staffing requirements, and customer service policies.
Facility management: Discuss the layout and design of your restaurant, kitchen equipment needs, and any other facility-related details that will ensure efficient operation.
Health and safety: Outline the health and safety measures you will implement to comply with local regulations and ensure the well-being of both employees and guests.
8. Management and organization
An outline of the restaurant's organizational structure, key personnel, and staffing strategies for operational excellence.
Ownership structure: Specify the ownership structure of the restaurant, including key stakeholders and their roles.
Team composition: Introduce the management team, chefs, and other critical staff, highlighting their experience and how it contributes to the restaurant's success.
Staffing plans: Discuss your plans for hiring staff , including numbers, positions, and the qualities you seek in employees to maintain high standards of service.
How to create a business plan for a restaurant?
Creating a standout business plan for your restaurant involves focusing on key components that blend your vision with practical strategies.
6 actionable steps to distill your restaurant business plan:
Define your concept clearly: Begin by articulating your restaurant's concept, ambiance, and what sets it apart. This clarity lays the groundwork for the entire business plan.
Conduct thorough market analysis: Dive deep into your target market and competitors. This research will guide your menu design, pricing strategy, and marketing efforts, ensuring you carve out a unique space in the marketplace.
Craft a compelling menu: Ensure your menu reflects your brand identity and appeals to your target audience, all while considering cost-effectiveness and supply chain realities. Aim for a balance between innovation and simplicity.
Develop realistic financial projections: Detail initial costs, revenue expectations, and a break-even point. Importantly, predict potential hurdles with ready contingency plans.
Outline operational strategies: Describe your daily management approach, including sourcing, staffing, and customer service. Efficient operations are crucial for a seamless experience and streamlined processes.
Implement strategic marketing: Choose the most effective ways to connect with your audience. Building a strong brand narrative and engaging actively with customers can help turn first-time visitors into regulars.
7 restaurant business plan examples for winning partners and investors
When it comes to crafting a business plan for a restaurant, the type of establishment you're planning significantly influences the structure and content of the document.
Each kind of restaurant from fast-casual and fine dining to food trucks and bistros-caters to different market segments and operational models.
Here's a look at how these differences manifest in their respective business plans:
1) Fine dining restaurant business plan
Market focus: Targets higher-income clientele seeking a premium dining experience. The plan should highlight exceptional service, high-quality ingredients, and unique culinary offerings.
Operational model: Detailed attention to the ambiance, chef expertise, and a higher staff-to-guest ratio. Wine lists and bar offerings also play a significant role.
Financial projections: Emphasizes higher check averages with a focus on profitability per guest rather than volume. The cost structure will detail higher initial investment in decor, kitchen equipment, and inventory.
Here’s an example of a fine-dining restaurant business plan:
2) Bar restaurant business plan
Market focus: Targets a diverse clientele, from young professionals to social groups, seeking a blend of dining and socializing.
Operational model: Balances innovative cuisine with an extensive beverage selection in a space designed for both eating and lounging, including live entertainment options.
Financial projections: Outlines dual revenue streams from food and drinks, emphasizing beverage sales' higher profit margins and detailing licensing, entertainment, and insurance costs.
Here’s an example of a bar restaurant pitch deck:
3) Bistro restaurant business plan
Market focus: Caters to locals and tourists seeking a casual yet refined dining experience, positioning itself as a cozy neighborhood spot.
Operational model: Highlights a selective menu that adapts seasonally, emphasizing a warm ambiance and personal service.
Financial projections: Projects moderate earnings with a strong local following, noting initial investments in location and ambiance to create a distinctive setting.
Here’s an example of a bistro restaurant pitch deck:
4) Food truck business plan
Market focus: Appeals to urban professionals, millennials, and foodies looking for unique, high-quality food options on the go.
Operational model: Mobility is key. The plan must address location strategy, permits and regulations, and adaptability to different events and seasons.
Financial projections: Lower startup costs compared to brick-and-mortar establishments but include considerations for vehicle maintenance, fuel, and parking permits.
5) Coffee restaurant business plan
Market focus: Appeals to a varied audience with a unique theme or specialty cuisine, standing out from conventional coffee shops.
Operational model: Details the influence of theme or cuisine on menu design, decor, and guest experience, aiming to make the restaurant a destination.
Financial projections: Anticipates varied financial outcomes based on concept uniqueness, with thorough market research guiding pricing and marketing strategies.
6) Italian, Mexican, Asian, etc., cuisine restaurant business plan
Market focus: Focuses on providing authentic dining experiences to both expatriates and locals interested in specific cuisines.
Operational model: Requires sourcing authentic ingredients and skilled chefs familiar with the cuisine. The business plan should address menu authenticity, culinary training, tip system , and potential partnerships for ingredient import.
Financial projections: Depending on the positioning (casual vs. fine dining), financials would reflect the cost of unique ingredients and the expected dining experience level.
Here’s an example of an Italian restaurant business plan proposal:
7) Fast food restaurant business plan
Market focus: These plans emphasize speed, efficiency, and affordability. The target market typically includes busy professionals, families looking for convenient meal options, and younger demographics.
Operational model: The business plan must detail quick service operations, including streamlined kitchen layouts, supply chain logistics for fast-moving inventory, and technology for order taking (e.g., apps, and kiosks).
Financial projections: Focus on volume sales, low to moderate check averages, and strategies for high turnover rates.
How to design a restaurant business plan?
Designing a restaurant business plan is much like crafting a compelling game pitch deck, it's all about presenting your concept in a way that's as irresistible as the dining experience you're proposing.
8 restaurant business plan design tips:
1. Embrace scrollytelling
Use narrative scrolling to take your audience through the journey of your restaurant's concept, from the inspiration behind your dishes to the ambiance you plan to create.
This dynamic presentation style keeps readers engaged, turning your business plan into an immersive experience.
Here's an example of scroll-based design:
2. Incorporate interactivity and multimedia
Go beyond static pages by embedding interactive elements like sample menu walkthroughs, virtual tours of the restaurant layout, or clips from cooking demos.
These elements not only highlight your restaurant's unique offerings but also keep potential investors or partners engaged throughout your presentation.
And here's what a static presentation looks like compared to an interactive one:
Static PowerPoint
Interactive Storydoc
3. Use data visualization
Present market research, target demographics, and financial projections through clear, compelling visuals.
Transform complex data into easy-to-understand graphs, charts, and infographics, making your business strategy both visually appealing and straightforward to grasp.
Here's an example of a presentation with dataviz elements:
4. Personalize your deck
Leverage software that allows for customization, such as incorporating the viewer's name or tailoring content to specific investor interests.
A personalized approach demonstrates meticulous attention to detail and can forge a stronger connection with your audience.
5. Use cohesive branding
Ensure your business plan reflects your restaurant's identity through consistent use of colors, fonts, and imagery that align with your branding.
This not only enhances the visual appeal of your plan but also immerses your audience in the atmosphere you aim to create.
6. Ensure mobile-responsive
Given the variety of devices stakeholders might use to view your plan, ensuring a mobile-responsive design is essential.
This ensures that your business plan is accessible and engaging, whether it's being viewed on a smartphone or a desktop computer.
7. Highlight key information
Design your business plan to draw attention to critical information.
Techniques such as strategic content placement and highlighting can guide the reader's focus, ensuring that essential points stand out without overwhelming the viewer with too much information at once.
8. Segment content in tabs
Organize your business plan into sections or tabs that cater to different aspects of your restaurant concept and business strategy.
This not only makes your plan more navigable but also allows readers to easily find the information most relevant to their interests or concerns.
Here's an example of a tabs slide:
Restaurant business plan templates
Kicking off your restaurant business plan is a daunting task, especially when you aim to capture the essence of your dining concept in a document.
Interactive restaurant business plan templates are designed to simplify this process. They provide a structured framework that incorporates interactive and multimedia elements, essential for presenting your restaurant in a vibrant and dynamic manner.
These templates not only save you precious time but also guarantee that your business plan conveys a polished and compelling story.
Snag one today!
I am a Marketing Specialist at Storydoc, I research, analyze and write on our core topics of business presentations, sales, and fundraising. I love talking to clients about their successes and failures so I can get a rounded understanding of their world.
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Restaurant Business Plan Template [Free Download]
Turn your vision into a reality with this 15-page restaurant business plan template..
![sample business plan for a restaurant doc Restaurant Business Plan Template](https://www.touchbistro.com/wp-content/uploads/2021/09/restaurant-business-plan-template-thumbnail-414x218.jpg)
What You'll Get with This Restaurant Business Plan Template:
- An editable business plan template for restaurants – free download!
- Instructions and tips to help you learn how to write a restaurant business plan
- 9 customizable sections, including an executive summary, marketing plan, and financial analysis
Whether you’re opening a brand-new restaurant or you’re taking a current concept in a different direction, a restaurant business plan template can help you put your ideas in writing. And fortunately, you don’t have to start from scratch. We created a free, downloadable 15-page template to help you kickstart your restaurant journey and make it easy to secure that crucial investor funding.
Share your contact information in the form above to get started, or keep reading to learn more about why you need a business plan and how to use this one.
What Is a Restaurant Business Plan?
A restaurant business plan is an essential document that provides an overview of a restaurant, its goals, and how those objectives will be achieved. This includes everything from the kind of food you’re going to serve and the management team you plan to hire, to how you’ll promote your new business.
In other words, a business plan helps you organize your ideas, articulate your business strategy, and secure investor funding.
Why Do You Need a Restaurant Business Plan?
There are so many documents involved in running a restaurant. Why should you add writing a business plan to your plate?
Well, a business plan is beneficial for a number of reasons. Specifically, it can help you:
- Organize your ideas into a clear and concise narrative
- Articulate your business strategy, including your financial projections
- Secure investor funding
- Set goals and stay accountable to business partners and employees
Going through the exercise of writing a business plan is just as important as having the finished document handy.
What You’ll Get with This Restaurant Business Plan Template Free Download
Our free restaurant business plan template comes with nine fully customizable sections, including:
- The title page
- Table of contents
- Executive summary
- Business description
- Market analysis
- Marketing plan
- Operations plan
- Financial analysis and growth plan
- Appendix
Each section of the business plan template for restaurants also includes helpful prompts and instructions to help you determine what to include.
For instance, the executive summary section details how to craft a restaurant mission statement, how to articulate your proposed concept, and tips for outlining how you’ll execute your business plan.
The financial analysis and growth plan section of this small restaurant business plan template gives you a list of all the important financial projections you’ll need to include to show that your business is a viable investment opportunity. This section is especially important if you’re considering restaurant expansion , as you need to demonstrate that your current operation is profitable.
How to Use This Business Plan Template for Restaurants
Here’s how to get started with your new restaurant business plan in 10 easy steps:
- Fill out your contact information in the form above and click “Submit.”
- Click the “Download” button on the next page to save the business plan document to your device.
- Open the document in Word, Pages, or your word processor of choice.
- Read the instructions for the overall document.
- Then, go to a section you want to customize.
- Read the section instructions in red italics.
- Highlight the red italics and replace them with custom content.
- Once you’ve finished filling in each section, delete any remaining red text, as well as the cover page and this instructional page.
- To print your template, click “File”, then “Print.”
- To save the template as a PDF, click “File”, then “Save As,” then “PDF.”
Get this restaurant business plan template free download today to turn your business dreams into attainable goals.
Success! Click below to access the download.
We’ve also sent you a confirmation email with a personal download link so you can access the content at any time.
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Restaurant Business Plan: Step-by-Step Guide + examples
Dreaming of opening a 🍴 restaurant? Passion, creativity, and delicious food are key. But for long-term success, a business plan is essential too.
![sample business plan for a restaurant doc Maja Jankowska's photo](https://secure.gravatar.com/avatar/7c506f7e4ce46bfd067aa9a7d379634e?s=96&d=https%3A%2F%2Fresos.com%2Fwp-content%2Fuploads%2F2022%2F03%2Fresos-logo.png&r=g)
Maja Jankowska
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Are you dreaming of owning your own restaurant? Picture the sizzle of a hot skillet, the laughter of satisfied guests, and the fulfillment of sharing your culinary creations with the world. But before you dive into this flavorful adventure, there’s a crucial ingredient you can’t overlook: a winning restaurant business plan.
![sample business plan for a restaurant doc Restaurant business plan with step by step guide](https://resos.com/wp-content/uploads/2023/06/resO-restaurant-business-plan-guide-1024x576.webp)
What is a business plan for?
A business plan is a vital document for every restaurant owner. It provides a roadmap for success, helps secure funding, guides financial and operational decisions, mitigates risks, and facilitates effective communication.
Just like any other business, a restaurant needs a well-crafted business plan to ensure its success and sustainability. Without a business plan, you risk operating in the dark, making decisions on a whim, and facing unexpected challenges that could have been avoided.
Investing time and effort into creating a solid business plan sets your restaurant on the path to achieving your culinary dreams and exceeding customer expectations.
Create Restaurant’s Business Plan in these 9 steps:
✔️ 1. Start with an executive summary ✔️ 2. Describe your concept ✔️ 3. Conduct Market analysis ✔️ 4. Define your management and organization ✔️ 5. Give a sample “yummy” Menu ✔️ 6. Create design and branding ✔️ 7. Provide a Location ✔️ 8. Establish Marketing plan ✔️ 9. Define Financial plan
1. Executive summary
The executive summary is like the appetizer of your restaurant business plan – it’s the first bite that leaves a lasting impression. Its purpose is to capture the essence of your entire plan and entice time-crunched reviewers, such as potential investors and lenders, to delve deeper into your vision. It’s worth noting that the executive summary should be the final section you write.
To craft a concise and captivating summary, it’s crucial to highlight key points, including your unique concept, target market, and financial projections. Additionally, bear in mind that the executive summary sets the tone for the rest of your plan, so it’s essential to make it irresistible and leave readers yearning for more.
When it comes to the executive summary of your restaurant business plan, brevity is key . You have only one page to capture the attention of readers, but don’t worry, it’s definitely doable. Here’s what your executive summary should include:
- Restaurant concept : What does your business do?
- Goals and vision : What does your business want to achieve?
- Restaurant differentiation : What makes your menu/concept different, and what sets you apart?
- Projected financial state : What revenue do you anticipate?
- The team : Who is involved in the business?
2. Describe your concept
In the world of restaurant business plans, there’s a section that holds immense importance. It’s the one that answers two fundamental questions: Who are you, and what do you plan to do?
This is the section where you fully introduce your company, and it deserves special attention. Share all the important details that paint a vivid picture of your unique business. Include the restaurant’s name, location, and contact information. Additionally, provide relevant details such as the chef’s background and what makes your restaurant stand out in the market.
Curious about concept creation? Watch our short video featuring a summary of an example restaurant concept below! 👇
Now is your opportunity to showcase your vision and establish a unique identity for your restaurant. Utilize this section to highlight what sets you apart and capture the reader’s imagination.
3. Market analysis
Market analysis helps you understand your potential customers, competition, and overall restaurant market trends. It’s like having a crystal ball to shape your restaurant’s success.
Target audience
When it comes to your potential market, you want to know how many people are hungry for what you’re serving. Sounds exciting, right? To estimate this, you’ll gather data on your target customers, like their age group or preferences, and combine it with industry trends. It’s like finding the perfect recipe to satisfy their cravings.
Competition
Now, let’s tackle the competition. Every restaurant has rivals, even if they’re serving a unique dish. It’s crucial to identify direct or indirect competitors and understand what makes you stand out. Are you offering affordable prices, a one-of-a-kind experience, or catering to a specific niche? Highlight your “secret sauce” that sets you apart from the rest.
Market analysis for restaurant’s business plan
Market analysis also involves a SWOT analysis. Don’t let the jargon scare you. It simply means evaluating your strengths, weaknesses, opportunities, and threats. Think of it as a superhero assessment for your restaurant. Identify what you excel at, areas for improvement, potential market opportunities, and external factors that could impact your success.
![sample business plan for a restaurant doc example of SWOT analysis for the restaurant](https://resos.com/wp-content/uploads/2023/06/SWOT-analysis-1-1024x402.webp)
Example of SWOT analysis for a restaurant
Remember, market analysis is like a compass guiding your restaurant’s journey. It helps you make informed decisions, attract investors, and stay ahead of the game. So, embrace the power of market analysis, and let it shape the destiny of your delicious dining destination.
4. Management and organization
Effective management and organization are critical for success in the restaurant sector. This section of your business plan introduces the talented individuals who will lead your restaurant to new heights.
Outline your legal structure, whether it’s an S corporation, limited partnership, or sole proprietorship, providing key information for stakeholders.
Showcase your management team using an organizational chart to highlight their roles, responsibilities, and contributions. Their expertise and guidance are crucial for seamless operations and exceptional customer experiences.
With a strong management team in place, your restaurant is poised for success. They are the driving force behind your journey to greatness. Let’s meet the key players who will make it happen!
Streamline your operations and optimize your financial performance With resOs , you can efficiently manage reservations, track inventory, analyze sales data, and streamline your overall workflow. Get your FREE plan
5. Sample “yummy” Menu
In the restaurant industry, your menu plays a main role as the core product. Include a section in your business plan that highlights key details about your menu offerings to engage readers.
If you offer a diverse range of dishes, provide a brief overview of each category. Alternatively, if your menu focuses on specific specialties or signature dishes, provide more detailed descriptions for each item.
You can also mention any upcoming menu additions or unique culinary creations that will enhance profitability and attract customers.
6. Design and branding
When it comes to starting a restaurant, don’t underestimate the power of design and branding. They’re the secret ingredients that can make your establishment truly stand out. Think about it – when customers walk through your front door, what do they see? The right design and branding can instantly captivate their attention and make them feel right at home.
So, take some time to envision the overall aesthetic and mood you want to create.
Do you imagine a cozy and rustic setting or a sleek and modern vibe?
Let your creativity shine through! Include captivating photos of similar restaurants that inspire you and give potential investors a glimpse of your vision.
And don’t forget about your logo! If you’ve already designed one, proudly showcase it in your business plan. It’s the visual representation of your restaurant’s personality and will help establish brand recognition.
![sample business plan for a restaurant doc Custom design of your restaurant booking system with resOS](https://resos.com/wp-content/uploads/2023/06/resOS-custom-design-1024x576.webp)
resOS’ customizable interface for your booking system
Stand out in the competitive restaurant industry with resOS’ customizable booking management system . Personalize every aspect of the interface to reflect your restaurant’s unique brand identity. Seamlessly integrate your logo, colors, and visual elements, creating a cohesive and immersive experience for your guests. With resOS, you have the power to revolutionize your restaurant’s image and leave a lasting impression.
Details matter too! Share your plans for specific design elements , from the choice of furniture to the color palette that will adorn your space. The more you paint a vivid picture, the more investors and customers will be enticed by your unique ambiance.
7. Location
For a restaurant, location can make or break the business. Occasionally, a restaurant concept is so good that people go out of their way to find it. But, more realistically, your location needs to be convenient for your target market. If it’s hard for your customers to get to you, hard for them to park, and not something they notice as they drive by, they’re unlikely to check your restaurant out.
In your business plan, make sure to discuss the potential locations that you hope to occupy, assuming you haven’t already secured the location. Explain why the location is ideal for your target market and how the location will help attract customers.
Unlock the potential of your restaurant’s location and streamline reservations with resOS. Our platform offers seamless integration with Reserve With Google , allowing customers to easily discover and book tables directly from Google search results and maps. By enabling this feature, you’ll maximize your restaurant’s visibility and attract more diners with just a few clicks. Experience the power of location-based reservations with resOS .
Be sure to explain the complete costs of your location and what kinds of renovations will be necessary to open your restaurant.
8. Marketing plan
In today’s competitive restaurant industry, it’s important to showcase your marketing strategy to investors. They want to know how you’ll create buzz and keep it going before and after your grand opening.
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Create a winning business plan with a strong marketing focus. Our Restaurant Business Plan Steps Graphic (👆 see above) is your visual guide, including key marketing strategies. Download or save for later and plan your path to success.
Whether you’ve enlisted a top-notch Marketing company or have a solid ready-to-go marketing plan, highlight your chosen path. Discuss the unique strengths of your selected agency and why they stand out, including their notable clients. Alternatively, showcase your in-house plan, leveraging social media, your website, and valuable media connections.
A well-crafted marketing plan holds the key to differentiating your restaurant and attracting customers. Prepare to tantalize taste buds and offer an exceptional dining experience. Stay in tune with the latest restaurant industry trends, leverage effective marketing tools, and optimize your online presence.
Lastly, integrate a robust restaurant booking system to streamline reservations and enhance the overall customer experience. With these strategic elements in place, success is within your reach.
9. Financial Plan
Financial analysis is a crucial part of your restaurant’s business plan. It helps investors assess the profitability of your concept and whether it’s a worthwhile investment. In this section, you’ll outline how you plan to allocate your funds in the first year and provide projections for costs and revenues.
Here are the 🔑 key components to include:
Investment Plan: Explain the initial investment costs, such as kitchen equipment, furniture, employee wages, legal fees, marketing expenses, and working capital. This shows how you’ll use your funds effectively.
Profit and Loss Projection: Estimate your restaurant’s costs and sales figures in the profit and loss statement. Consider factors like the size of your establishment, your target market, and the existing competition in your chosen location.
Break-Even Analysis: Show investors the monthly revenue you need to achieve to cover all your expenses and reach profitability. This analysis considers overhead costs, operational expenses, and factors that may affect revenue fluctuations throughout the year.
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Your business is unique and will differ from any example or template you come across. So, use this example as a starting point and customize it to your needs.
2. Remember it's just an example
Our sample business plans are examples of what one business owner did. That doesn't make them perfect or require you to cram your business idea to fit the plan structure.
Use the information, financials, and formatting for inspiration. It will speed up and guide the plan writing process.
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Restaurant Business Plan Template
Download our template and start creating your restaurant business plan.
![sample business plan for a restaurant doc Restaurant Business Plan Template](https://legaltemplates.net/wp-content/uploads/restaurant-business-plan-324x420.webp)
Updated September 22, 2023 Written by Josh Sainsbury | Reviewed by Brooke Davis
Your restaurant business plan is an outline of your future success. A well-formulated plan helps put the big picture together no matter how good your restaurant ideas are.
A business plan helps prove the viability of your thoughts and can provide investors with the information they need to sign on to your project. Investors need to know how you will run your restaurant in a competitive market and how you will overcome any challenges.
Your business plan lets you provide a framework for yourself and others to get your restaurant off the ground. Lack of preparation and a proper plan is one of the leading reasons new restaurants fail within their first year.
Learn how to write a restaurant business plan and avoid many common pitfalls of new business owners. Legal Templates has a free restaurant business plan template to help you get started.
Why You Need a Business Plan for Your Restaurant Business
How to write a business plan for a restaurant, restaurant business plan example.
Too many new restaurant owners fail to put together a business plan. You may think you don’t need one because you know what you want to do. Without a proper business plan, however, you’re moving into a difficult process without a strong framework for success.
When you want people to invest in your business, you need to be able to demonstrate future success. A concrete and carefully detailed business plan is a must. A well-crafted plan increases the likelihood that you will secure investors.
A business plan aims to help you achieve your goals at each stage of your business development and operation. The program will cover operational details, regulatory compliance, hiring practices, and other essential details.
A business plan can also help you turn your vision into tangible goals others can see. With this in a detailed plan, you will be more likely to create a successful and long-lasting restaurant.
![sample business plan for a restaurant doc people eating in a restaurant](https://legaltemplates.net/wp-content/uploads/people-eating-restaurant-706-471-min.jpg)
Many people don’t know how to start a restaurant business plan without help. A good plan hits the essential details and outlines your vision for the restaurant’s future. However, you don’t have to do this from scratch. A restaurant business plan example can help you get started and know what to include in your plan.
1. Executive Summary
An executive summary is a brief overview of your company. It will outline why the community wants your food and needs your restaurant. This summary section will focus on your intended reader, whether that person is yourself or a potential investor.
An executive summary is a place for brief details rather than an in-depth and fact-heavy outline. Many people consider this the essential part of the plan, as it will outline why the restaurant will succeed.
The executive summary is your chance to capture the reader’s attention. Many people will decide whether to keep reading your plan, so getting off on the right foot is essential. Your executive summary will include information like:
- How will your restaurant be competitive
- The type of food you will serve and a menu
- The target demographics for the restaurant
- An implementation plan
- Outline of competition you will face
- Who the owners and staff will be
- The organizational structure of your restaurant
- Marketing and sales strategies
Many of these details will receive an in-depth treatment later in your plan. They should provide just the key points you want to make to summarize the rest of your business plan.
2. Management Team
Your restaurant business plan should include a section that presents your management team. Here, you detail the responsibilities of each owner, manager, and staff member. You lay out expectations for who will do what in getting the business started. These details also help show investors you are serious and know how to handle the day-to-day operation of a restaurant business.
The management team section should include essential details about the ownership of the restaurant, including:
- Legal names of each owner
- How the restaurant will be legally structured (corporation, limited liability company (LLC), etc.)
- Types of Ownership
- Percentage of ownership for each owner
- Ownership agreement among the parties
Your business plan should also include details about those running the restaurant daily. While there may be some overlap — especially in small restaurants — management responsibilities should be clearly outlined. This information should include the following:
- Full names of any management team member
- Education and background
- Past restaurant or management experience
- Title and summary of job responsibilities
- Any food industry training
- Salary and benefits information
3. Products and Services
Investors want to know what you will be serving and how you know customers will like it. This is where you can get specific and show why people flock to your restaurant. A robust opening menu shows you are prepared and know how to attract potential customers. The products and services section will include your sample menu and any other services your restaurant will provide.
This section should also address other questions about how you will handle your products:
- How will you order the necessary supplies?
- What are the costs of products and the sales price?
- How will you measure sales success?
- Why will customers choose your food over competitors’?
- How will your menu change over time?
Too many new restaurant owners have a great vision and food but don’t know how to execute a successful business. Investors want to know that your food will be good and that you fully understand how to run a restaurant. A restaurant business plan template can help you create a successful plan.
4. Customers and Marketing
You need to know who your customers are going to be. Any successful restaurant understands its key demographics and how it will market its business to these potential customers. Your business plan must outline important information about your customers and provide detailed data about the availability of these customers in your area.
Market research is often helpful in demonstrating that the type of customer you are looking for is readily available in your local marketplace. Supporting information must be available here to show investors you have customers to keep your restaurant long-term.
Marketing strategies and an ongoing plan are essential to the success of a new business — especially a restaurant. It would be best to show how you would make people aware of your new restaurant and engage customers in the future. Your restaurant business plan can include marketing details such as:
- Where will your restaurant be located?
- Will you offer delivery, and what is the range?
- Will you advertise on social media, your website, or other digital marketing?
- Will you use billboards, flyers, or other complex media advertising?
- What is your advertising budget?
These crucial details demonstrate you have a real plan for your restaurant’s success.
5. SWOT Analysis
A SWOT analysis for your new restaurant will focus on four key areas:
- Opportunities
A SWOT analysis addresses difficult questions in an easy-to-read format. It is a business tool that helps to analyze how your restaurant will perform against your competition. It will look at internal and external factors that may help or hurt your future business.
This data is based on real-world facts rather than ideal conditions or best hopes.
6. Financials
The financials section details the key areas of financial performance for your business. This includes information about start-up costs and break-even points. It also shows how and when the company can profit and see a return on investment.
The financial section should include the following:
- Monthly expenses — supplies, payroll, rent, etc.
- Price points for all products
- Projected revenue
- Mathematical projections for the restaurant
- Variable costs of the business
- Financial records and cash flow statements
7. Operations
Your restaurant business plan must address how your restaurant will run. While this includes details about products and services, it will also cover other critical operational details such as:
- Employment requirements
- Business hours
- Licensing and food inspection requirements
- Cleaning procedures
- Restaurant design
- Mission statement
- Restaurant location
Investors want to see precisely how you will run your business and how you will do it successfully. People often hesitate to invest in a restaurant, as many eateries fail within the first year.
However, a strong business plan showing you understand your specific operational issues will go a long way to alleviate these concerns and get you started on the right foot.
8. Appendix
The appendix section allows you to include other valuable documents and information at the end of the business plan. This may be information that does not fit well into different sections or is supporting documentation for the information in the primary areas. An appendix might include, but is not limited to:
- Letters of reference
- Legal permits and licensing
- Customer reviews of food and services
- Pictures of people enjoying your food
- Restaurant design sketches
- Photos of a proposed restaurant location
- Market research
The appendix lets you end on a good note. You can provide additional information to bolster the rest of your business plan.
Your restaurant business plan should be comprehensive and easy to understand. The prospect of putting one together can feel daunting without some help. A restaurant business plan sample can help you start and tell you what to include.
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How to Write a Restaurant Business Plan in 2024 (Step by Step Guide with Templates)
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A restaurant business plan is a framework that guides you to plan and forecast every element of restaurant management and operations.
This includes anything from your restaurant's menu design , location, financials, employee training , and a lot more.
- Creating a solid business plan is important, as it helps:
- Transform your restaurant ideas into reality.
- Boosts entrepreneurial success by 16% ( Harvard Business Study ).
- It equips you to navigate challenges before they arise.
- Attracts potential investors.
Planning is key to restaurant success. Without a plan, you're more likely to join the 26% of restaurants that fail within a year.
Create a business plan to set yourself up for success.
Here's how to get started.
![sample business plan for a restaurant doc sample business plan for a restaurant doc](https://no-cache.hubspot.com/cta/default/3390327/f2ac17c7-1119-49fb-9acd-a7cc3c332fc7.png)
What is a restaurant business plan?
Before writing a business plan, it is important to understand its fundamentals.
It serves as a roadmap for starting and running your restaurant , making it easy for outside parties, such as investors, to understand your objectives, vision, and plan of action for your restaurant.
The length and level of detail of business plans vary, ranging from brief synopses to large papers. Investors can benefit from clear insights and additional information provided by beginning with a concise plan and working their way up to a detailed one.
In short, a thorough description of the resources allocated to the success of your restaurant should be included in your business plan.
Steps to include in your business plan
Your restaurant and mission statement needs to reflect your brand and goals, but you don't have to start from scratch.
The Eat App Restaurant Business Plan template , created by industry professionals and packed with insider information, is your go-to manual for creating a profitable business plan.
Your finalized business plan should have 11 essential elements, no matter how you write it. Continue reading below.
1. Executive summary
A restaurant business plan should always begin with an executive summary. Why?
- 80% of venture capitalists say they read the executive summary first.
- 62% of investors say they would not continue reading a business plan if the executive summary did not capture their interest.
- A strong executive summary can increase the likelihood of securing funding by up to 40%.
An executive summary not only acts as the introduction to your restaurant business plan samples but also as a summary of the entire idea.
The main aim of an executive summary is to draw the reader (oftentimes an investor) into the rest of your business plan.
The executive summary also helps you envision the identity of your restaurant which essentially shapes the customer experience and sets you apart from competitors.
To establish a distinct identity, you need to focus on common elements of an executive summary, including:
- A mission statement
- Proposed concept development
- Cuisine selection
- The overall execution
- The potential costs
- Expected return on investments (ROI)
Let's take a more in-depth look at the concept development, cuisine selection, and mission statement.
1.1 Concept Development
Selecting the type of restaurant, service style, and atmosphere is the first step towards creating a unique dining experience. Whether you envision a sample menu for a:
- cozy, intimate bistro
- bustling quick-service deli
- fast-casual restaurant
- fine dining establishment
Your concept should reflect your passion and expertise in the industry.
1.2 Cuisine Selection
The cuisine you select for your restaurant can significantly influence its success.
Choosing the appropriate cuisine is vital for distinguishing your establishment from competitors and attracting your target market.
To make an informed decision, consider factors such as:
- Market demand
- Expertise and passion
- Ingredient availability
- Competition
- Profitability
- Cultural fit
- Seasonality
- Dietary restrictions and trends
In the highly competitive restaurant industry, keeping track of current and emerging cuisine trends can be a significant advantage.
1.3 Creating a mission statement
A well-constructed mission statement communicates the purpose, values, and goals of your restaurant to potential investors and customers alike.
A mission statement serves as a guiding light for decision-makers and employees, fueling their efforts to achieve your restaurant’s objectives.
To create an impactful mission statement, consider the following steps:
- Identify the purpose of the restaurant.
- Contemplate the brand’s image.
- Account for the target audience.
- Incorporate company values.
- Ensure brevity and comprehensiveness.
Related content: How to Write a Restaurant Mission Statement
Remember, your mission statement should not only differentiate your restaurant from competitors but also resonate with your target market.
2. Company description
This is where you carefully introduce the company in the restaurant business plan.
Include the name of the restaurant you are launching in this field along with its address, phone number, and other important information.
Then, also include the owner's information as well as a synopsis or explanation of their background. The restaurant's legal position and its short- and long-term objectives should be outlined in the second section of the company description.
To demonstrate your understanding of the changes in the local food business and the reasons why the most independent restaurant investors will be successful in this market, please submit a brief market research.
Here's an example of the page layout:
Company Description
Restaurant Name: [Restaurant Name]
Location: [Restaurant Address]
Contact: [Restaurant Phone Number] | [Restaurant Email Address]
Owner: [Owner Name]
Experience: [Owner Name] has over [Number] years of experience in the restaurant industry. They have worked in various roles, including [List of Roles]. They are passionate about food and creating a memorable dining experience for their guests.
Legal Standing: [Restaurant Name] is a [Type of Legal Entity] registered in [State/Province].
Further reading
- How to Write a Great Restaurant Description
3. Market analysis
The market analysis portion of the restaurant business plan is typically divided into three parts.
3.1 Industry analysis
What is your target market ? What demographics will your restaurant cater to?
This section aims to explain your target market to investors and why you believe guests will choose your restaurant over others.
Comprehending your target market is key to customizing your restaurant offerings to their preferences and needs.
By diving into demographics, preferences, dining habits, and trends, you can fine-tune your concept and marketing strategy to reach and appeal to your target audience effectively.
An example of analyzing your target market
Comprehending your target market is key to customizing your restaurant offerings to their preferences and needs.
Demographics and preferences
Identifying your primary target market involves considering factors such as:
For example, a neighborhood with a high concentration of families might prefer a family-friendly restaurant with a diverse menu catering to various age groups and dietary preferences.
Conversely, a trendy urban area with a predominantly young and affluent population may gravitate towards upscale dining experiences and innovative cuisine.
Cultural and ethnic backgrounds also have a significant impact on restaurant preferences, with people from different backgrounds having distinctive tastes and customs that influence their dining choices.
By thoroughly understanding the demographics and preferences of your target market, you’ll be better equipped to create a restaurant concept that resonates with them and ultimately drives success.
Dining habits and trends
As the restaurant industry continues to evolve, staying informed about dining habits and trends is crucial for adapting your offerings and attracting customers.
For example, the rise of online ordering and delivery services has significantly influenced dining habits, with many consumers seeking the convenience of having their meals delivered to their doorstep.
Health trends have also had an impact on dining habits, with an increasing number of individuals seeking healthier options when dining out.
3.2 Competition analysis
It's easy to assume that everyone will visit your new restaurant first, so it is important to research your competition to make this a reality.
What restaurants have already established a customer base in the area?
Take note of everything from their prices, hours, and service style to menu design to the restaurant interior.
Then explain to your investors how your restaurant will be different.
3.3 Marketing analysis
Your investors are going to want to know how you plan to market your restaurant. How will your marketing campaigns differ from what is already being done by others in the restaurant industry?
How do you plan on securing your target market? What kind of offers will you provide your guests? Make sure to list everything.
- How to Identify Your Restaurant’s Target Market (Expert Tips Included)
The menu is the most important part of a restaurant's debut. Your restaurant wouldn't be able to operate without it.
You most likely don't have a final draft at this time, but you should aim to create a mock-up menu for your restaurant business plan. You can choose a design that you can envision yourself using and add your logo to the mock-up.
There are several resources available online if you need assistance with menu design or don't want to hire a designer.
But the price should be the most important component of your sample menu. The cost research you've completed for investors ought to be reflected in your prices. They will have a clearer idea of your restaurant's intended price range as a result.
You'll quickly see how important menu engineering can be, even early on.
5. Employees
The company description section of the restaurant business plan briefly introduces the owners of the restaurant with some information about each. This section should fully flesh out the restaurant's business plan and management team.
The investors don’t expect you to have your entire team selected at this point, but you should at least have a couple of people on board. Use the talent you have chosen thus far to highlight the combined work experience everyone is bringing to the table.
![sample business plan for a restaurant doc Download our free restaurant business plan It's the only one you'll ever need. Get template now](https://no-cache.hubspot.com/cta/default/3390327/b21455f2-657f-4d13-9912-9dc6f211e990.png)
6. Restaurant design
The design portion of your restaurant business plan is where you can really show off your thoughts and ideas to the investors. If you don’t have professional mock-ups of your restaurant rendered, that’s fine.
Instead, put together a mood board to get your vision across. Find pictures of a similar aesthetic to what you are looking for in your restaurant.
The restaurant design extends beyond aesthetics alone and should include everything from restaurant software to kitchen equipment.
7. Location
The location you settle on for your restaurant should be well aligned with your target market (making it easier to cater to your ideal customer) and with your business plans.
At this stage in the process, it's not uncommon to not have a specific location in mind - but you should at the very least have a few options to narrow down.
Pro Tip: When you approach your investors about potential locations, make sure to include as much information as possible about each venue and why it would be ideal for your brand.
Example for choosing an ideal location
Choosing the ideal location for your restaurant is a pivotal decision that can greatly influence your success.
To make the best choice, consider factors such as foot traffic, accessibility, and neighborhood demographics.
By carefully evaluating these factors, you’ll be better equipped to maximize visibility and attract your target market.
7.1 Foot traffic and accessibility
Foot traffic and accessibility are important factors in selecting a location that will attract customers and ensure convenience.
A high-traffic area with ample parking and public transportation options can greatly increase the likelihood of drawing in potential customers.
Additionally, making your restaurant accessible to individuals with disabilities can further broaden your customer base and promote inclusivity.
7.2 Neighborhood demographics
Analyzing neighborhood demographics can help you determine if your restaurant’s concept and cuisine will appeal to the local population.
Factors such as income levels, family structures, and cultural diversity can all influence dining preferences and habits.
By understanding the unique characteristics of the neighborhood, you can tailor your offerings and marketing efforts to resonate with the local community.
Conducting a market analysis can be a valuable step in this process.
To gather demographic data for a particular neighborhood, you can utilize resources such as the U.S. Census Bureau’s American Community Survey and reference maps.
Armed with this information, you can make informed decisions about your restaurant’s concept, menu, and pricing, ensuring that your establishment is well-positioned for success within the community.
Conducting market research will further strengthen your understanding of the local demographic.
- Why does restaurant location matter?
8. Market overview
The market overview section is heavily related to the market research and analysis portion of the restaurant business plan. In this section, go into detail about both the micro and macro conditions in the area you want to set up your restaurant.
Discuss the current economic conditions that could make opening a restaurant difficult, and how you aim to counteract that. Mention all the other restaurants that could prove to be competition and what your strategy is to set yourself apart.
9. Marketing
With restaurants opening left and ride nowadays, investors are going to want to know how you will get word of your restaurant to the world.
The next marketing strategy and publicity section should go into detail on how you plan to market your restaurant before and after opening. As well as any plans you may have to bring a PR company on board to help spread the word.
Read more : How to write a restaurant marketing plan from scratch
10. External help
To make your restaurant a reality, you are going to need a lot of help. List any external companies or software you plan on hiring to get your restaurant up and running.
This includes everything from accountants and designers to suppliers that help your restaurant perform better, like POS systems and restaurant reservation systems.
Explain to your other potential investors about the importance of each and what they will be doing for your restaurant.
11. Financial analysis
The most important part of your restaurant business plan is the financial section. We would recommend hiring professional help for this given its importance.
Hiring a trained accountant will not only help you get your own financial projections and estimates in order but also give you a realistic insight into owning a restaurant.
You should have some information prepared to make this step easier for the accountant.
He/she will want to know how many seats your restaurant has, what the check average per table will be, and how many guests you plan on seating per day.
In addition to this, doing rough food cost calculations for various menu items can help estimate your profit margin per dish. This can be achieved easily with a free food cost calculator.
- Your Complete Guide to Restaurant Financing and Loans
A well-crafted restaurant business plan serves as a roadmap to success, guiding every aspect of the venture from menu design to employee training.
By carefully considering each component of the plan, aspiring restaurateurs can increase their chances of securing funding, attracting customers, and achieving their long-term goals.
Remember, a restaurant business plan is not just a document to satisfy investors; it is a living tool that should be revisited and updated regularly as the business grows and evolves.
By staying committed to the plan and adapting it as needed, restaurateurs can ensure that their culinary dreams have a solid foundation for success.
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Growth Marketing Manager at Eat App
Saif Alnasur used to work in his family restaurant, but now he is a food influencer and writes about the restaurant industry for Eat App.
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Reviewed by
Nezar Kadhem
Co-founder and CEO of Eat App
He is a regular speaker and panelist at industry events, contributing on topics such as digital transformation in the hospitality industry, revenue channel optimization and dine-in experience.
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How to Write a Restaurant Business Plan [Free Template]
Start creating your restaurant’s business plan with BentoBox’s free business plan template.
The restaurant business plan is a crucial first step in turning an idea for a restaurant into an actual business. Without it, investors and lenders will have no way of knowing if the business is feasible or when the restaurant will become profitable. Business plans span dozens (or even hundreds) of pages, and due to the stakes that lie within the document and the work required to write it, the process of writing a restaurant business plan can threaten to overwhelm.
That’s why BentoBox has created a restaurant business plan template for aspiring restaurant owners. With section prompts for business plan essentials like financial projections, market analysis and a restaurant operations overview, this template makes creating a business plan significantly more manageable.
Included is a professionally designed, customizable version of the template on Google Docs. Restaurants can download the template below, make a copy and tailor it to their specific concept. For design inspiration, download here .
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Restaurant Business Plan Template
Download the Free Restaurant Business Plan Template from BentoBox
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How to Write a Restaurant Business Plan
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When starting a business—no matter what type of business that may be—a business plan is essential to map out your intentions and direction. That’s the same for a restaurant business plan, which will help you figure out where you fit in the landscape, how you’re going to differ from other establishments around you, how you’ll market your business, and even what you’re going to serve. A business plan for your restaurant can also help you later if you choose to apply for a business loan .
While opening a restaurant isn’t as risky as you’ve likely heard, you still want to ensure that you’re putting thought and research into your business venture to set it up for success. And that’s where a restaurant business plan comes in.
We’ll go through how to create a business plan for a restaurant and a few reasons why it’s so important. After you review the categories and the restaurant business plan examples, you can use the categories to make a restaurant business plan template and start your journey.
![sample business plan for a restaurant doc](https://www.nerdwallet.com/assets/blog/wp-content/uploads/2023/07/floating-phone-480x769.png)
Why you shouldn’t skip a restaurant business plan
First-time restaurateurs and industry veterans alike all need to create a business plan when opening a new restaurant . That’s because, even if you deeply understand your business and its nuances (say, seasonal menu planning or how to order correct quantities), a restaurant is more than its operations. There’s marketing, financing, the competitive landscape, and more—and each of these things is unique to each door you open.
That’s why it’s so crucial to understand how to create a business plan for a restaurant. All of these things and more will be addressed in the document—which should run about 20 or 30 pages—so you’ll not only have a go-to-market strategy, but you’ll also likely figure out some things about your business that you haven’t even thought of yet.
Additionally, if you’re planning to apply for business funding down the line, some loans—including the highly desirable SBA loan —actually require you to submit your business plan to gain approval. In other words: Don’t skip this step!
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Once we uncover your personalized matches, our team will consult you on the process moving forward.
How to write a restaurant business plan: Step by step
There’s no absolute format for a restaurant business plan that you can’t stray from—some of these sections might be more important than others, for example, or you might find that there’s a logical order that makes more sense than the one in the restaurant business plan example below. However, this business plan outline will serve as a good foundation, and you can use it as a restaurant business plan template for when you write your own.
Executive summary
Your executive summary is one to two pages that kick off your business plan and explain your vision. Even though this might seem like an introduction that no one will read, that isn’t the case. In fact, some investors only ask for the executive summary. So, you’ll want to spend a lot of time perfecting it.
Your restaurant business plan executive summary should include information on:
Mission statement: Your goals and objectives
General company information: Include your founding date, team roles (i.e. executive chef, sous chefs, sommeliers), and locations
Category and offerings: What category your restaurant fits into, what you’re planning to serve (i.e. farm-to-table or Korean), and why
Context for success: Any past success you’ve had, or any current financial data that’ll support that you are on the path to success
Financial requests: If you’re searching for investment or financing, include your plans and goals here and any financing you’ve raised or borrowed thus far
Future plans: Your vision for where you’re going in the next year, three years, and five years
When you’re done with your executive summary, you should feel like you’ve provided a bird’s eye view of your entire business plan. In fact, even though this section is first, you will likely write it last so you can take the highlights from each of the subsequent sections.
And once you’re done, read it on its own: Does it give a comprehensive, high-level overview of your restaurant, its current state, and your vision for the future? Remember, this may be the only part of your business plan potential investors or partners will read, so it should be able to stand on its own and be interesting enough to make them want to read the rest of your plan.
Company overview
This is where you’ll dive into the specifics of your company, detailing the kind of restaurant you’re looking to create, who’s helping you do it, and how you’re prepared to accomplish it.
Your restaurant business plan company overview should include:
Purpose: The type of restaurant you’re opening (fine dining, fast-casual, pop-up, etc.), type of food you’re serving, goals you have, and the niche you hope to fill in the market
Area: Information on the area in which you’re opening
Customers: Whom you’re hoping to target, their demographic information
Legal structure: Your business entity (i.e. LLC, LLP, etc.) and how many owners you have
Similar to your executive summary, you won’t be going into major detail here as the sections below will get into the nitty-gritty. You’ll want to look at this as an extended tear sheet that gives someone a good grip on your restaurant or concept, where it fits into the market, and why you’re starting it.
Team and management
Barely anything is as important for a restaurant as the team that runs it. You’ll want to create a section dedicated to the members of your staff—even the ones that aren’t yet hired. This will provide a sense of who is taking care of what, and how you need to structure and build out the team to get your restaurant operating at full steam.
Your restaurant business plan team and management section should have:
Management overview: Who is running the restaurant, what their experience and qualifications are, and what duties they’ll be responsible for
Staff: Other employees you’ve brought on and their bios, as well as other spots you anticipate needing to hire for
Ownership percentage: Which individuals own what percentage of the restaurant, or if you are an employee-owned establishment
Be sure to update this section with more information as your business changes and you continue to share this business plan—especially because who is on your team will change both your business and the way people look at it.
Sample menu
You’ll also want to include a sample menu in your restaurant business plan so readers have a sense of what they can expect from your operations, as well as what your diners can expect from you when they sit down. This will also force you to consider exactly what you want to serve your diners and how your menu will stand out from similar restaurants in the area. Although a sample menu is in some ways self-explanatory, consider the following:
Service : If your brunch is as important as your dinner, provide both menus; you also might want to consider including both a-la-carte and prix fixe menus if you plan to offer them.
Beverage/wine service: If you’ll have an emphasis on specialty beverages or wine, a separate drinks list could be important.
Seasonality: If you’re a highly seasonal restaurant, you might want to consider providing menus for multiple seasons to demonstrate how your dishes (and subsequent purchasing) will change.
Market analysis
This is where you’ll begin to dive deeper. Although you’ve likely mentioned your market and the whitespace you hope to address, the market analysis section will enable you to prove your hypotheses.
Your restaurant business plan market analysis should include:
Industry information: Include a description of the restaurant industry, its size, growth trends, and other trends regarding things such as tastes, trends, demographics, structures, etc.
Target market: Zoom in on the area and neighborhood in which you’re opening your restaurant as well as the type of cuisine you’re serving.
Target market characteristics: Describe your customers and their needs, how/if their needs are currently being served, other important pieces about your specific location and customers.
Target market size and growth: Include a data-driven section on the size of your market, trends in its growth, how your target market fits into the industry as a whole, projected growth of your market, etc.
Market share potential: Share how much potential there is in the market, how much your presence will change the market, and how much your specific restaurant or restaurant locations can own of the open market; also touch on any barriers to growth or entry you might see.
Market pricing: Explain how you’ll be pricing your menu and where you’ll fall relative to your competitors or other restaurants in the market.
Competitive research: Include research on your closest competitors, how they are both succeeding and failing, how customers view them, etc.
If this section seems like it might be long, it should—it’s going to outline one of the most important parts of your strategy, and should feel comprehensive. Lack of demand is the number one reason why new businesses fail, so the goal of this section should be to prove that there is demand for your restaurant and show how you’ll capitalize on it.
Additionally, if market research isn’t your forte, don’t be shy to reach out to market research experts to help you compile the data, or at least read deeply on how to conduct effective research.
Marketing and sales
Your marketing and sales section should feel like a logical extension of your market analysis section, since all of the decisions you’ll make in this section should follow the data of the prior section.
The marketing and sales sections of your restaurant business plan should include:
Positioning: How you’ll describe your restaurant to potential customers, the brand identity and visuals you’ll use to do it, and how you’ll stand out in the market based on the brand you’re building
Promotion: The tools, tactics, and platforms you’ll use to market your business
Sales: How you’ll convert on certain items, and who/how you will facilitate any additional revenue streams (i.e. catering)
It’s likely that you’ll only have concepts for some of these elements, especially if you’re not yet open. Still, get to paper all of the ideas you have, and you can (and should) always update them later as your restaurant business becomes more fully formed.
Business operations
The business operations section should get to the heart of how you plan to run your business. It will highlight both internal factors as well as external forces that will dictate how you run the ship.
The business operations section should include:
Management team: Your management structure and hierarchy, and who is responsible for what
Hours: Your hours and days of operation
Location: What’s special about your location that will get people through the door
Relationships: Any advantageous relationships you have with fellow restaurateurs, places for sourcing and buying, business organizations, or consultants on your team
Add here anything you think could be helpful for illustrating how you’re going to do business and what will affect it.
Here, you’ll detail the current state of your business finances and project where you hope to be in a year, three years, and five years. You’ll want to detail what you’ve spent, what you will spend, where you’ll get the money, costs you might incur, and returns you’ll hope to see—including when you can expect to break even and turn a profit.
Financial statements: If you’ve been in business for any amount of time, include existing financial statements (i.e. profit and loss, balance sheet, cash flow, etc.)
Budget: Your current budget or a general startup budget
Projections: Include revenue, cash flow, projected profit and loss, and other costs
Debt: Include liabilities if the business has any outstanding debt or loans
Funding request: If you’re requesting a loan or an investment, lay out how much capital you’re looking for, your company’s valuation (if applicable), and the purpose of the funding
Above all, as you’re putting your financials together, be realistic—even conservative. You want to give any potential investors a realistic picture of your business.
Feel like there are other important components but they don't quite fit in any of the other categories (or make them run too long)? That’s what the restaurant business plan appendix section is for. And although in, say, a book, an appendix can feel like an afterthought, don’t ignore it—this is another opportunity for you to include crucial information that can give anyone reading your plan some context. You may include additional data, graphs, marketing collateral (like logo mockups), and more.
![sample business plan for a restaurant doc ZenBusiness](https://www.nerdwallet.com/cdn-cgi/image/quality=85/cdn/software/logos/ZenB.png)
LLC Formation
The bottom line
Whether you’re writing a restaurant business plan for investors, lenders, or simply for yourself and your team, the most important thing to do is make sure your document is comprehensive. A good business plan for a restaurant will take time—and maybe a little sweat—to complete fully and correctly.
One other crucial thing to remember: a business plan is not a document set in stone. You should often look to it to make sure you’re keeping your vision and mission on track, but you should also feel prepared to update its components as you learn more about your business and individual restaurant.
This article originally appeared on JustBusiness, a subsidiary of NerdWallet.
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![sample business plan for a restaurant doc One blue credit card on a flat surface with coins on both sides.](https://assets.nerdwallet.com/blog/wp-content/uploads/2023/12/creditcard-coins-desktop.png)
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How to write a restaurant business plan
![sample business plan for a restaurant doc](https://www.kayak.com/rimg/dimg/dynamic/376-1710790373-d2366b994919447ef2010cfcc463e14e-scaled.jpeg?width=150&height=150&crop=true)
A small restaurant business plan is the roadmap you use to open a successful spot. As a first step to creating yours, ask your friends and colleagues to share restaurant business plan examples. Their restaurant business plan samples can inspire yours.
Once you’ve studied those examples, it’s time to start writing your own. No matter how much thought you’ve put into your concept or how many trusted colleagues have assured you of its greatness, you must write a restaurant business plan. It will prove the viability of your concept to potential investors and provide them with a clear and engaging answer to the question: “Why does the world need this restaurant?”
“The point of a business plan is to show that you’ve done your homework,” says Charles Bililies, owner of Souvla , a fine casual Greek restaurant in San Francisco that has received national acclaim since opening in the spring of 2014.
“You have to show any potential investor that you have an actual plan, you know what you’re talking about, it looks professional, and you’re not just screwing around.”
Quick links Branded cover Table of contents Concept Sample menu Service Management team Design Target market Location Market overview Marketing and publicity Specialists and consultants Business structure Financials
1. Branded cover
Include your logo (even if it’s not finalized), the date, and your name.
2. Table of contents
A table of contents in a restaurant business plan provides an organized overview of the document’s structure and content. It typically appears at the beginning of the plan and lists the major sections and subsections with their corresponding page numbers.
The table of contents is important for several reasons. Firstly, it allows readers to quickly navigate through the plan, enabling easy access to specific sections of interest. Secondly, it helps in presenting a professional and well-structured document, showing that you have carefully organized your thoughts and ideas. It also improves readability and comprehension, as readers can easily locate and refer back to relevant information
![sample business plan for a restaurant doc Image depicts a restaurant worker in a new restaurant.](https://restaurant.opentable.com/resources/wp-content/uploads/sites/468/2023/05/2023-business-plan-sup2.jpg)
3. Restaurant concept
Describe your restaurant concept and get the reader excited about your idea. Specify whether the restaurant will be fine dining or more casual. Include an executive summary and go into detail about the food you’ll be serving, inspiration behind your concept, and an overview of service style.
Define clearly what will be unique about your restaurant and include your mission statement. This section should include a market analysis that shows how your restaurant will be similar and different from competing restaurants.
4. Sample menu
The menu is the most important touchpoint of any restaurant’s brand, so this should be more than just a simple list of items. Incorporate your logo and mock up a formatted menu design (tap a designer for help if needed).
Your sample menu should also include prices that are based on a detailed cost analysis. This will:
- Give investors a clear understanding of your targeted price point
- Provide the info needed to estimate check averages
- Show the numbers used create financial projections for starting costs
- Show investors that you’ve done the homework
- Prove you can stay within a budget
This section is most relevant for:
- Fine-dining concepts
- Concepts that have a unique service style
- Owners who have particularly strong feelings about what role service will play in their restaurant.
It can be a powerful way of conveying your approach to hospitality to investors by explaining the details of the guest’s service experience.
Will your restaurant have counter service and restaurant hostess software designed to get guests on their way as quickly as possible, or will it look more like a theater, with captains putting plates in front of guests simultaneously?
If an extensive wine program is an integral part of what you’re doing, will you have a sommelier? If you don’t feel that service is a noteworthy component of your operation, address it briefly in the concept section.
![sample business plan for a restaurant doc Image depicts two restaurant workers discussing finances.](https://restaurant.opentable.com/resources/wp-content/uploads/sites/468/2023/05/2023-business-plan-sup3.jpg)
6. Management team
Write a brief overview of yourself and the team you have established so far. You want to show that your experience has provided you with the necessary skills to run a successful restaurant and act as a restaurant business owner.
Ideally, once you have described the strong suit of every member of your team, you’ll be presenting a full pitch deck. Most independent restaurant investors are in this for more than just money, so giving some indication of what you value and who you are outside of work may also be helpful.
Incorporate some visuals. Create a mood board that shows images related to the design and feeling of your restaurant.
Whether you’re planning to cook in a wood-burning oven or are designing an eclectic front-of-house, be sure to include those ideas. Photos of materials and snippets of other restaurants that you love that are similar to the brand you’re building are also helpful.
8. Target market
Who is going to eat at your restaurant? What do they do for a living, how old are they, and what’s their average income? Once you’ve described them in detail, reiterate why your specific concept will appeal to them.
![sample business plan for a restaurant doc Image depicts two restaurant workers having a discussion.](https://restaurant.opentable.com/resources/wp-content/uploads/sites/468/2023/05/2023-business-plan-sup1.jpg)
9. Location
There should be a natural and very clear connection between the information you present in the “Target Market” section and this one. You probably won’t have a specific site identified at this point in the process, but you should talk about viable neighborhoods.
Don’t assume that potential investors will be familiar with the areas you’re discussing and who works or lives there—make the connections clear. You want readers to be confident that your restaurant’s “ideal” diner intersects with the neighborhood(s) you’re proposing as often as possible.
If you don’t have a site , this is a good place to discuss what you’re looking for in terms of square footage, foot traffic, parking, freeway accessibility, outdoor seating , and other important details.
10. Market overview
Address the micro and macro market conditions in your area and how they relate to licenses and permits. At a macro level, what are the local and regional economic conditions?
If restaurants are doing poorly, explain why yours won’t; if restaurants are doing well, explain how you’ll be able to compete in an already booming restaurant climate. At a micro level, discuss who your direct competitors are. Talk about what types of restaurants share your target market and how you’ll differentiate yourself.
11. Marketing and publicity
The restaurant landscape is only getting more competitive. Discuss your pre- and post-opening marketing plans to show investors how you plan to gain traction leading up to opening day, as well as how you’ll keep the momentum going.
If you’re going to retain a PR/marketing company, introduce them and explain why you’ve chosen them over other companies (including some of their best-known clients helps). If not, convey that you have a solid plan in place to generate attention on your own through social media, your website , and media connections.
![sample business plan for a restaurant doc Image depicts two restaurant workers having a discussion over a tablet.](https://restaurant.opentable.com/resources/wp-content/uploads/sites/468/2023/05/2023-business-plan-sup4.jpg)
12. Specialists and consultants
List any outside contractors you plan to retain, such as:
- General contractor
- PR and marketing
Briefly explain the services they’ll be providing for you, why you chose them, and any notable accomplishments.
13. Business structure
This section should be short and sweet. What type of business structure have you set up and why did you make that specific decision? You will need to work with an attorney to help you determine what business structure is best for you.
“Step one: write a business plan. Step two: hire a good attorney. In addition to helping me build a smart, sustainable business structure, my attorney was also a great resource for reviewing my business plan because she’s read thousands of them. She was a very helpful, experienced outside perspective for more than just legal matters,” says Charles Bililies.
14. Financial projections
Let your accountant guide you through this portion of your business plan. It is crucial that whoever you hire to help you with your finances has a wealth of restaurant experience (not just one or two places). They should be familiar with the financial specifics of starting a restaurant and know what questions to ask you.
Before creating realistic financial projections, your accountant will want to know:
- How many seats the restaurant will have
- What your average check will be
- How many covers per day you plan to do
Being conservative in these estimations is key. These three data points will be used as the basis for figuring out whether your concept is financially feasible.
Lou Guerrero, Principal at Kross, Baumgarten, Kniss & Guerrero, emphasizes, “You’ll get a lot of accountants that tell you that they’ve done a couple of restaurants, but you have to choose someone that has a deep expertise in what you’re doing. There’s nothing to gain from going with someone that doesn’t have a very restaurant-centric practice.”
A well-vetted accountant with restaurant experience will know exactly what you’ll need to have prepared to show investors.
The key projections you can expect to work on are:
- Pro forma profit and loss statement for the first three to five years of operation
- Break even analysis
- Capital requirements budget
Writing a comprehensive restaurant business plan is a crucial step towards opening a successful establishment. By seeking inspiration from examples, demonstrating your expertise, and addressing all the essential components, you can prove the viability of your concept to potential investors.
Remember, a well-prepared business plan demonstrates professionalism and a clear understanding of your goals, increasing your chances of achieving long-term success in the competitive restaurant industry.
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How to Write a Restaurant Business Plan
A comprehensive business plan is the foundation of every successful restaurant. You need a business plan before you can begin to execute on anything having to do with opening your establishment. A proper business plan is a guide that will help take your idea from concept to reality.
When you begin to seek professional and financial support for your new business, your business plan will be the primary document of reference to describe your concept, market, and potential for profitability. You need a business plan for investors, lenders, consultants, partners, and other team members who will help make your dream of opening a restaurant come true.
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In this article, we’ll walk you through every part of how to write a restaurant business plan, explain the function of each section, and provide an example you can use as a starting point.
Before Writing Your Business Plan: Questions to Answer
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Before you start writing your business plan, you’ll want to consider a few key things. Knowing the answers to these questions will make writing your business plan and communicating your vision a hundred times easier. Keep the answers to these questions top of mind as you’re writing your business plan.
Who is your business plan for?
Are you approaching investors and lenders, or is your plan specifically for you and your staff? You’ll need to adapt your writing for different audience types, and perhaps place emphasis on certain sections over others depending on your primary audience.
Where will your restaurant be located?
If you don’t yet have a location for your restaurant , you should at least know which neighbourhood your restaurant will be located in. Your restaurant’s location will determine important elements of your business plan, like your competitive analysis, ingredient availability, venue type, etc. If you’re in the early stages of planning, you likely don’t know your exact address, but nailing it as close as you can will guide you in your writing.
What is your venue type?
You should have a clear idea of what kind of restaurant you’re opening , whether it’s an intimate cafe, craft microbrewery, or gourmet food truck. If you aren’t quite sure, you’ll need to decide before you write your business plan. You should know exactly what your venue is going to be as you work through the details of a business plan.
What are your goals?
Do you want to start a food truck and then grow to open a sister restaurant, or do you want to open a full service restaurant and grow to operate a fleet of food trucks? Are you looking to open a burger place with a constant flow of customers? Or maybe you want to be the go-to place for special occasions. Be as specific as you can in your vision, and be clear on exactly what you want to achieve.
What are your credentials?
Have you worked in the restaurant industry before? How well do you know the market? Do you need any additional skills before you start your restaurant? If you’re confident you have the skills, feel free to start. But if you’ve never spent any time in a kitchen or in the foodservice industry, you may want to get some hands-on experience so you know what you’re getting into.
5 Tips on How to Write a Restaurant Business Plan
Before you start writing your business plan, here are some tips to make the process easier.
- Collect materials that are relevant, like links, articles, quotes and information that may benefit you as you are writing, and use them for inspiration or include them within the appropriate sections of your business plan.
- Taking something from concept to creation can be challenging, but try to put everything you see in your imagination down in the most accurate words possible. Go through the business plan template the first time and make tons of notes for each section, then come back to it later and flesh out your ideas further.
- If a section stumps you, make a note and move on, then revisit it later when you have more information or more clarity. Refine and rework. Be sure to add all new developments that are happening, and when you’re confident you’ve said all you can about a section, go back in and edit and re-word until you’re satisfied.
- Use graphics and images to clarify your message when you feel it’s necessary. Consider creating Pinterest boards to keep you inspired and help you get visual. Then, when you are writing your business plan, go back to your boards to pull in graphics that get your idea across better than words.
- Just as Rome wasn’t built in a day, know that your business plan will take time. It can take anywhere from weeks to months to years to get a solid grasp on what it is you’re creating. As time passes and you continue to work on it, you’ll fine-tune your message and have a crystal clear plan on your hands.
Are you confident in your vision, clear on your goals, and comfortable with your skills? Ready to jump in?
Restaurant Business Plan Template
Table of Contents
Your restaurant business plan is going to be a long document. Depending on the nature of your restaurant, your business plan could be anywhere from 10 to 50 pages – so your readers will need to find sections easily. This is where a table of contents comes in. It’ll look something like this:
- Executive Summary – p. 3
- Business Overview – p. 5
- Business Description – p. 7
- The Marketplace – p. 12
- Marketing – p. 20
- Business Operations – p. 25
- Financials – p. 30
- Business Plan Summary p. 37
After you’re finished writing your restaurant business plan, make sure to review your table of contents so that your page numbers are accurate.
Executive Summary While the Executive Summary may live at the beginning of your business plan, it’s the last thing you’ll write. The Executive Summary is a one-page summary of every section in your business plan, so that readers can get a general sense of your entire plan in one page. Remember to keep this section brief yet impactful.
Business Overview
Your Business Overview is simple: it’s a list of basic information about your business, such as your legal name, type of business, business number, etc. You may have some empty fields until you’re closer to actually opening. This list is for quick reference and especially important if you’ll be seeking bank loans or approaching investors:
- Legal name of business
- Trade name of business (doing business as)
- Business address or potential business address
- Current mailing address
- Phone number
- Social media handles
- Structure of business
- Date business was established
- Nature of business
- Banking details (branch and banker’s name)
Quick tip: many of the details in your business overview will be filled out as your business takes shape. fill in what you can as you go. if some of this information is unknown, don’t let it hold you up.
Business Description
Your Business Description is where your restaurant comes to life. Here is where you’ll describe, in detail, what your business is going to look like, where it will be, and the kind of vibe it will have. Your Business Description answers all of the questions that relate to your vision and goals. Be as expansive as you want here – go into as much detail as possible, and don’t be afraid to use visuals! Here’s what to include in your Business Description.
Will your business be run as a sole trader, a partnership, or a company? Who is involved and what is their role? This can be a short paragraph.
Your restaurant concept is your idea . Take the time to describe why your business is special, and talk about what you’ll do differently as compared to other restaurants. Why should people choose your restaurant over another? What kind of experience will you be providing customers?
Mission statement
Your mission statement is one sentence that describes what your restaurant will achieve. Think of your end goal, the ultimate driving force behind your business. Your mission statement should be something that can be displayed on marketing materials, and it should express to people what your business is all about.
Short-term and long-term goals
Here you’ll want to mention any relevant personal goals, then list your short-term and long-term objectives. Think about where you’re going and what you hope to be doing in a couple of years. Your short-term goals describe your first year as a restaurant owner. Long-term goals are larger, like how you plan to scale your business and how you hope to grow. Be descriptive in this section, but also remember to remain realistic and within the scope of your projections in the financial section.
Menu and services
Include a sample menu, or menus, and discuss the details of each, such as times of day offered and the inspiration or rationale for each. If you’re going to offer catering, delivery, or any other services, mention those here. Describe anything else you’ll be selling, such as pre-packaged foods, canned or bottled drinks, or retail items such as t-shirts and hats.
You likely won’t have secured a location or negotiated a lease at this point, so instead mention the neighbourhoods you’re considering for your venue. Answer the following questions here: Which features of the neighbourhood will affect your business? What other businesses are located in the area? What kinds of people live, work, or visit the neighbourhood? Consider and document all effects that the location will have on your business, like access to parking, public transportation, walk score, etc.
Take the time to describe your concept with as much visual detail as you can. Express why these details are important (hint: they should relate back to your branding). If you’re working with a design agency or interior design specialist, mention them and show their proposals or mockups. Business description summary Finally, briefly sum up everything in this section. Your Business Description tends to be a long section, so you’ll need a summary that provides an overview of what you’re going to achieve with your business.
The Marketplace
This section is where you’ll describe the current status of the marketplace for your business. The most important thing to remember about this section is that you’ll need to remain honest and authentic. You won’t do yourself or anyone else any favours by painting an unrealistic picture of the marketplace and how your business fits within it. This section requires a lot of research and critical thinking skills.
Visit your direct competition and gain some intel on their customer experience and menu. Ask people in your prospective neighbourhood about how businesses perform in the area. By gathering as much information as you can, your marketplace assessment will be clear and rooted in reality.
Market segment
This section should provide a quick overview of the size of your customer base. What are the demographics, psychographics, and segments of your target market?
You need to know your target customers. Who will frequent your restaurant and what characteristics do they share? List statistics you’ve gathered about your market and any other relevant information about your potential customers. Make a note of any customer segments within your target demographic that have certain needs over others.
You’ll want quantitative and qualitative research to round out this section. Make sure to talk to people within your target market to gain a clear understanding of their needs and how you can serve them. You’ll also discover other valuable insights through these discussions.
Market trends
Here you’ll want to list relevant statistics about past and current trends within your marketplace. Include anything that relates to the demand for your business, social or economic factors, and trends that have affected similar businesses. If you’ve done research or hired a firm to conduct some for you, mention all the outcomes from that research here.
Competition
So you know other restaurants are your competition, but you’ll need to be specific. Analyse your prospective neighbourhood, and make a list of all your competitors from small to large. Use a critical eye to determine how they differ from your establishment. Categorise your competitors into “direct” and “indirect”. Your direct competitors are those restaurants that are offering similar customer experiences and type of cuisine, while indirect competitors may be different from your restaurant but still compete for your target market’s attention and spend.
Now that you’ve analysed the competition, you should be able to spot how you’ll be able to stand out. What will your restaurant do that no one else is doing? What are your differentiators that will cause the market to take notice of your business?
Opportunities
After you determine your differentiators, you’ll know how your restaurant can fill potential gaps in the marketplace or provide a better option for customers. From the menu to the hours, whatever your restaurant can do better, list it here.
Now, the other side of the coin: what your restaurant may not be able to do better than the competition. Take the time to list these as challenges, provide rationale as to why your restaurant will face these barriers, and how you’ll tackle them once you’re open. Don’t be afraid of honesty here; a candid account of the challenges you’ll face will show readers you’re self-aware and ready to overcome problems with practical solutions.
Marketplace summary
Briefly sum up everything that you’ve talked about in this section, reiterating the demographics of your target market, advantages, and opportunities.
You may be an amazing chef and create exceptional dishes, but without customers and sales, you don’t have much of a business. You need a marketing strategy to get people in the door and coming back. In this section on how to write a restaurant business plan, we’ll get into your strategy: how you’re going to price your meals, how you’ll position yourself to appeal to your target customers, and how you’ll promote your business to let customers know you exist.
Positioning
Describe how you’ll appeal to your target customers and where you will place yourself in the customer’s mind. Use your differentiators in the previous section to guide your positioning strategy. How will you communicate your differentiators to your market? What will you be offering the market that your customers wouldn’t be able to get anywhere else?
Describe your pricing and how it compares to similar businesses. Provide ballpark figures for different menu items and list standard pricing for your type of business. List your competitors’ prices and explain why yours will be higher or lower. Make sure to align this section with your financials so that your food and labour ratios are taken into account when crafting this section.
Online promotion
If you plan on creating and maintaining social media accounts like Facebook, Twitter, and Instagram, explain how you’ll use them to promote your business. Describe your website’s main elements, design style, and who will build it. List all paid digital promotion here such as Google ads, paid social media ads, and any agencies you’ll work with to develop and execute on all digital marketing initiatives.
Traditional promotion
Will you be holding any events, releasing a press release, or taking out any print ads?
Marketing summary
Briefly summarise your overall marketing strategy and what you’ll concentrate on the most: digital, traditional, PR, etc. Let readers know why you think your marketing strategy will work for your type of restaurant.
Business Operations
You’ve described your vision, the market, and how you plan to promote your business. But how will you actually execute your plans? Who will operate your business day-to-day? Here’s where you get into the nitty-gritty details of your business operations.
Introduce everyone on your payroll. List their qualifications, special skills, and job description, with an emphasis on how they will help you reach your goals and the tasks they will do every day. Categorise each staff member into other owners, chefs, managers, servers, bartenders, etc.
Supplier relationships
List your suppliers by type: food, payment, alcohol, cleaning, etc. Note how each supplier serves your restaurant’s needs , and list their credit and payment terms. List all suppliers for the following:
- Waste removal
- Restaurant supplies like dishware and glass
- Paper products
- Payroll service
- Cleaning services
- Plants or landscaping
- Linen service
- Entertainment
- Marketing and advertising
- Technology, such as EPOS hardware and software, mobile delivery apps, loyalty apps, and an internet provider
Your restaurant will need insurance coverage . Do some research to determine mandatory insurance and special coverage, and start to compare costs between insurance providers. List each type of insurance your restaurant will need and what it covers.
What kind of licencing does your restaurant need? List all of the licences and permits required for your restaurant and staff here. Check your local government website for the details and anything else that you are required to obtain in your area.
Business operations summary
Briefly sum up everything that you’ve talked about in the Business Operations section.
You’ve now arrived at the most important – and the most daunting – part of your restaurant business plan. This is where you prove that your idea is actually a business that can turn a profit. Complete a financial forecast that takes your concept and translates it into numbers. This exercise is the most important part of your business plan, as investors and lenders will be scrutinising these numbers before they read anything else.
The Breakdown
Your forecast will be broken into four main parts:
- Revenue: Forecasted sales
- Controllable costs: Food and beverage costs as well as cost of labour
- Expenses: Marketing, rent, supplies, utilities, etc.
- Start-Up Costs: What it costs to get you to open, as well as things like capital improvements and training.
We’ve created a downloadable sample forecast that demonstrates what you’ll need to do. Our example is Joe’s Burgers, a small 1,000 square foot quick service restaurant with no alcoholic beverage sales. Once you understand the sample forecast, we’ve included a blank forecast sheet where you can add in your own numbers to project how profitable you’ll be. Notes about the forecast spreadsheet
- Take the blank forecast and “save as” so that if you make a mistake, you can return to the original spreadsheet and start again.
- There are formulas pre-programmed in the cells of the spreadsheet.
- If you are planning to open a restaurant that will serve alcoholic drinks, you will have to figure out your sales mix of the various types: bottled beer, draft beer, liquor, and wine, and the costs associated with each. For example, if your bottled beer cost is 28% and wine cost is 40%, you’ll have an average beverage cost of 34% to add to your forecast.
- If you are going to offer catering or other services, you can create another revenue stream that covers events executed, average spends, revenues, cost of goods sold and labour costs for that source.
Business Plan Summary
Your Business Plan Summary should tie the whole message together. Use this section to highlight how you’re different and what you’re offering, reiterating the most important points about your restaurant.
Sections to include are:
- Why you will succeed: in a few short sentences, repeat how you are different and why your business will work.
- What you need: if you’re asking for money, repeat the ask here.
- A thank you: a quick thanks at the end reminds people that you value their time and input.
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13+ SAMPLE Restaurant Business Plan in PDF | MS Word
Restaurant business plan | ms word, 13+ sample restaurant business plan , what is a restaurant business plan, 13 tips on restaurant business plan, how to make a restaurant business plan, how could i know if there would be a market for my product, what is needed in order to start a food business.
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- What problems can be solved with my business?
- What solution could my product give?
- What is going to be the niche of my business?
- Who are going to be my customers?
- How can I sell my products?
- What is the size of the market that I will target?
- How can I find a business model?
- How can I make money through this business?
- Who are my possible competitors?
- How can I have a business advantage?
- How can I manage the growth of my company through a business plan?
- Who are the persons that will run the business?
- How qualified are the persons that will run the business?
- What could be the risks that I could encounter?
- What can be done to avoid all risks?
- What is the value of your capital and all your resources?
- What is the history of the business?
- What are the financial statements?
- The mission of the business
- The concept of the proposal
- The execution of business
- The actual potential costs
- The return of all the investment
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A Restaurant Business Plan Beginner's Guide + Examples
Are you planning to open a restaurant? Crafting a well-structured business plan is the key to transforming your culinary vision into a successful reality.
Think of this plan as a roadmap that guides your business toward its goals and demonstrates its potential to investors.
A comprehensive business plan is vital for securing funding, attracting customers, and achieving long-term success in the competitive restaurant industry.
To illustrate what a strong plan looks like, we have created a fictional restaurant, complete with hypothetical figures and information for demonstration purposes only.
Understanding the Basics of a Restaurant Business Plan
A restaurant business plan is a detailed document that explains everything about your restaurant's business structure, including the menu, target market, financial projections, and marketing strategy.
Essentially, it acts as a blueprint for your restaurant.
It can be seen as a roadmap to help you launch and run your restaurant. It keeps you organized and focused.
It also shows potential investors and lenders that your idea can work. A good business plan is key for getting funds and finding the right partners.
The Purpose and Importance of a Business Plan for Restaurants
In the ever-changing restaurant industry, having a strong business plan is the key to success. It shows your vision, strategies, and goals.
This plan gives you a clear direction for your restaurant and gets you ready for the grand opening !
A good business plan explains your restaurant’s mission statement and what makes it special to potential investors.
It also includes your financial projections, showing how your idea can be profitable and sustainable.
This is important to get funding and to attract investors who believe in what you are doing.
A business plan also helps you spot possible challenges before they happen. It forces you to think carefully about your target market, competition, and operational logistics.
This way, you can reduce risks and increase the chances of success.
What You Need to Get Started
As a new business owner, writing a restaurant business plan is an important step. You need a clear idea of what you want to do and know the basics.
Start by defining what your restaurant will be about.
Think about who your target audience is and what special dining experience you want to offer.
Look at practical details like the service style you will use, the atmosphere you want to create, and what hours your restaurant will be open.
Make an outline of your menu, focusing on the dishes that will attract your target market. Research the kitchen equipment you will need and the costs so everything runs smoothly from the start.
Lastly, include details about your management team. Show their experience and skills.
A strong team can build trust with potential investors and increase the credibility of your business plan.
Gathering Market Research and Competitive Analysis
Understanding your target market is very important for a restaurant to succeed. Doing good market research will help you find out who your ideal customers are. You can learn about their likes and eating habits.
Look at demographics, income levels, and food trends in your area. This way, you can adjust your menu and services to fit their needs.
Next, do a detailed analysis of your competitors. Find out what restaurants are near you.
Check their menus, prices, and target audience. Look at what they do well and where they struggle.
Think about what unique things you can offer to stand out.
By knowing both your competitors and your target market, you can improve your restaurant concept, menu, and marketing strategy.
This helps you stand out in a busy market. Remember, having a clear target market and a unique selling point is key to bringing in and keeping customers.
Crafting Your Restaurant's Concept and Brand Identity
Now that you have finished your market research and examined competitors' strategies, it’s time to create your restaurant concept and build a strong brand identity.
This is where your cooking ideas can really shine.
Think carefully about what your target market likes, what the local food scene is like, and what you enjoy doing.
Do you want a relaxed neighborhood bistro, a fancy restaurant, or a unique theme? The choice is yours!
A clear concept helps shape your menu, décor, and brand's overall feel.
Defining Your Restaurant Concept and Theme
Your restaurant concept is the main part of your business. It shapes how customers feel when they dine with you.
Clearly outline what type of restaurant you want. Is it a casual café, a lively sports bar, or a fancy fine-dining place? Create a unique dining experience that makes you stand out.
Think about the vibe you want. Will it be warm and welcoming, lively and energetic, or classy and romantic?
Your theme should match your target market and fit well with your menu.
A clear restaurant concept not only invites customers but also helps you make choices about your menu, your place's appearance, and your marketing.
It’s the base for building your brand identity.
Creating a Unique Selling Proposition (USP)
Creating a unique selling proposition (USP) is very important in the restaurant industry.
Your USP shows what makes your restaurant unique. Consider your restaurant concept, service style, or special menu items that will attract your target audience.
A clear USP helps attract potential customers and can catch the eye of investors, too.
Make sure your USP matches your overall mission and values. This helps you make a strong impression on your customers.
Writing Your Restaurant Business Plan (Step by Step)
Now that you have your idea, brand, and unique selling point ready, it is time to create your business plan.
A clear plan helps you organize your thoughts. It also shows your vision to potential investors in a simple way.
Follow these steps to make sure you include all the important parts of a great restaurant business plan.
Remember to support your statements with solid research and realistic financial projections.
Step 1: Executive Summary and Company Description
Start with a clear executive summary. This should explain your restaurant's idea, the target market, and key financial points.
This part of your plan should capture the reader's attention right away.
Executive Summary Example: Harvest Bistro
Harvest Bistro is an innovative, farm-to-table restaurant located in the heart of downtown Maplewood, targeting health-conscious diners, families, and local food enthusiasts. With a mission to provide fresh, sustainably sourced dishes that celebrate the rich flavors of seasonal ingredients, Harvest Bistro aims to create a unique dining experience that combines delicious cuisine with a commitment to the community and the environment.
Concept and Vision Our vision is to establish Harvest Bistro as a premier dining destination known for its exquisite menu, warm ambiance, and strong community ties. The concept revolves around simple yet sophisticated dishes crafted from locally sourced ingredients, featuring an ever-changing seasonal menu that keeps guests excited and engaged. We aim to build a loyal customer base by delivering exceptional service and memorable dining experiences.
Market Opportunity Maplewood is experiencing a renaissance in culinary culture, with a growing demand for restaurants that prioritize sustainability, local sourcing, and healthy dining options. Our target audience includes young professionals, families, and eco-conscious diners seeking high-quality, responsibly prepared meals. With the nearest comparable farm-to-table establishment located over 30 miles away, Harvest Bistro has a unique opportunity to capture a significant share of the local market.
Unique Selling Proposition Harvest Bistro differentiates itself through its commitment to sustainability and community involvement. We partner with local farmers and artisans to source fresh, organic ingredients, ensuring that every dish we serve supports the local economy and reduces our carbon footprint. Our menu will feature creative dishes that highlight seasonal produce, offering both vegan and gluten-free options to cater to diverse dietary preferences. Additionally, we plan to host monthly farm dinners, local wine pairings, and cooking classes, fostering a sense of community and engagement.
Management Team The restaurant will be led by experienced restaurateur Jane Mitchell, whose 15 years in the industry include the successful launch and management of three award-winning eateries. Our Executive Chef, Michael Anderson, brings a wealth of knowledge and creativity, having honed his craft at several Michelin-starred restaurants across the country. Together, they are committed to making Harvest Bistro a beloved local dining destination.
Financial Projections With an initial investment of $500,000, Harvest Bistro is projected to generate $1.2 million in revenue by the end of Year 1, with a net profit margin of 18%. Our five-year financial forecast indicates steady growth, driven by strategic marketing efforts, a robust loyalty program, and continued community engagement. By Year 3, we aim to achieve an annual revenue of $1.8 million and a net profit margin of 22%.
Conclusion Harvest Bistro is poised to become a standout dining destination in Maplewood by offering an exceptional farm-to-table experience that aligns with the values and preferences of today's discerning diners. With a passionate management team, a unique market position, and a clear plan for growth, we are confident in our ability to create a thriving business that contributes positively to our community and the environment. We invite you to join us on this exciting journey to redefine what it means to dine locally and sustainably.
Next, give a detailed company description. Talk about your restaurant's mission, vision, and values.
Include background information about the restaurant owners and main management staff, and highlight their experience and knowledge in the industry.
Clearly state your restaurant's legal structure. Is it a sole proprietorship, partnership, or corporation? This section should offer a full view of your restaurant's identity and the main factors behind it.
Step 2: Menu Design and Offerings
Your menu is very important for your restaurant. It needs careful design and good choices.
Make a sample menu that shows what your restaurant is about and what food you want to serve. Think about pricing, where you get your ingredients, and any dietary needs.
Highlight your signature dishes. These dishes should show off what your chef can do and the different flavors you provide.
Whether your place is for casual dining or fine dining or has a special theme, make sure your menu attracts customers and matches your brand.
Here are some points to think about when making your sample menu:
- Theme and Cuisine: Your menu should fit with your restaurant's idea and the type of food you serve.
- Pricing Strategy: Look into what others charge and find a price that is both good for business and competitive.
- Visual Appeal: A good-looking menu makes the overall dining experience better.
Step 3: Market Analysis and Target Audience
A good market analysis is very important. It helps you understand your competition and find your target audience.
Look into the age, dining trends, and income levels in your area.
This will help you find your ideal customer.
Create a clear profile of your target audience. Include their age, dining choices, and how much they spend. Use this information to shape your menu, marketing plan, and business strategy.
Having a clear target audience helps you change what you offer and how you communicate. This makes your marketing more effective and helps you attract the right customers.
Example Market Analysis: Harvest Bistro
Industry Overview The farm-to-table movement is a growing trend in the restaurant industry, driven by consumers' increasing desire for fresh, locally sourced, and sustainably produced food. According to the National Restaurant Association, the demand for farm-to-table dining experiences has increased by 14% annually over the past five years, reflecting a shift toward healthier eating habits and environmental awareness. This trend is particularly pronounced among millennials and Gen Z diners, who prioritize sustainability, transparency, and community impact when choosing where to eat.
Local Market Insights Located in downtown Maplewood, Harvest Bistro is strategically positioned to capitalize on these industry trends. Maplewood is a vibrant, rapidly growing community with a population of over 45,000 residents. The city boasts a median household income of $78,000, and a significant portion of its residents fall within the 25-45 age demographic—key segments that align with our target market of young professionals, families, and eco-conscious consumers.
Maplewood has recently seen an influx of new businesses and a surge in interest in local culture, art, and dining. With a thriving downtown area that hosts numerous community events, farmer’s markets, and a popular annual food festival, there is a strong appetite for unique dining experiences that emphasize local flavors and sustainable practices. However, despite this growing demand, there are currently no farm-to-table restaurants within a 30-mile radius, presenting a significant opportunity for Harvest Bistro to fill this market gap.
Target Market Segmentation Our target market can be segmented into three primary groups:
Young Professionals (Ages 25-40): Comprising approximately 35% of Maplewood’s population, this group is characterized by a disposable income and a penchant for dining out. They value high-quality, innovative cuisine and are attracted to restaurants that reflect their values, such as sustainability and community engagement.
Families (Parents Ages 30-50, with Children): Representing about 25% of the local market, families are increasingly seeking out dining options that are both kid-friendly and health-conscious. Harvest Bistro’s welcoming atmosphere, combined with menu options that cater to a variety of dietary preferences (including gluten-free and vegan choices), positions us as an attractive option for family dining.
Eco-Conscious Consumers (All Ages): This group, which includes both younger and older demographics, prioritizes sustainability and ethical consumption. They are highly likely to support businesses that share their values, especially those that emphasize locally sourced ingredients, environmental responsibility, and community involvement. This segment is estimated to make up 15-20% of the Maplewood dining market.
Competitive Landscape While Maplewood has a variety of dining options, from casual eateries to fine dining, there is currently no direct competitor offering a dedicated farm-to-table experience. Nearby restaurants that focus on local cuisine do not emphasize sustainable sourcing or seasonal menus to the extent that Harvest Bistro will. This lack of direct competition provides a unique opportunity for Harvest Bistro to establish itself as the leading choice for customers seeking fresh, locally sourced meals.
Our closest indirect competitors include a few upscale bistros and casual dining establishments that serve locally inspired dishes, but none offer a comprehensive farm-to-table concept. Harvest Bistro will distinguish itself with its commitment to local partnerships, an ever-changing seasonal menu, and community-focused events such as cooking classes and farm dinners.
Market Potential and Demand The Maplewood dining market is growing, with an estimated annual growth rate of 5%. Given the increasing consumer preference for healthier, sustainable dining options, we project strong demand for Harvest Bistro’s offerings. According to recent surveys, 72% of Maplewood residents are interested in supporting local businesses that prioritize sustainability, and 64% express a willingness to pay a premium for fresh, locally sourced food. This data indicates significant market potential for a restaurant like Harvest Bistro.
Sales Forecast Based on our target market analysis and competitive landscape, we estimate capturing 8-10% of the local dining market in our first year, translating to approximately 24,000 diners. With an average check size of $50, our revenue forecast for Year 1 is $1.2 million. We anticipate growth of 10-15% annually as we build our brand and customer loyalty through strategic marketing and community engagement.
Conclusion The market analysis indicates a strong opportunity for Harvest Bistro to establish itself as the go-to farm-to-table restaurant in Maplewood. With minimal direct competition, a favorable local demographic, and growing consumer demand for sustainable, locally sourced dining experiences, Harvest Bistro is well-positioned to thrive in this dynamic market. By leveraging our unique value proposition and actively engaging with the community, we aim to capture a significant share of the local dining market and achieve steady growth over the next five years.
Step 4: Marketing and Sales Strategies
To build a successful business, start by outlining a clear marketing plan designed to attract and retain customers.
Consider incorporating grand opening deals to generate initial interest and excitement. Utilize social media advertising and local ads to increase your visibility and reach within the community.
Focus on connecting with your target audience in meaningful ways. Create excitement by sharing attractive food pictures and announcing special deals on social media platforms.
Engage with food bloggers and local influencers to expand your reach and build credibility.
It's essential to regularly monitor and adjust your marketing efforts based on the results you observe and the feedback you receive from customers.
This proactive approach ensures that your strategies remain effective and responsive to market demands.
Step 5: Organizational Structure and Management Team
Outline how your restaurant is organized. Define the roles and responsibilities for your team. Talk about the skills and experience of your management team. Show how they can lead and run a successful restaurant.
Investors look for a strong team in charge. If some key positions are still open, describe what your perfect candidates would be like and what skills they should have.
Example Organizational Structure: Harvest Bistro
Harvest Bistro’s organizational structure is designed to ensure efficient operations, exceptional customer service, and a dynamic workplace environment that fosters creativity and collaboration. The team is composed of experienced professionals who bring a diverse range of skills and a shared passion for delivering a unique farm-to-table dining experience. Below is an outline of the key roles and responsibilities within our team, along with a brief overview of the skills and experience of our management team.
Key Roles and Responsibilities
Owner/General Manager: Jane Mitchell
- Responsibilities: Jane oversees all aspects of Harvest Bistro’s operations, including financial management, marketing, staffing, and customer satisfaction. She is responsible for setting strategic goals, managing budgets, and ensuring that the restaurant adheres to its mission of providing a sustainable, farm-to-table dining experience. Jane also cultivates partnerships with local farmers and vendors, aligning sourcing with the restaurant’s seasonal menu.
- Skills and Experience: Jane brings over 15 years of experience in the restaurant industry, having successfully launched and managed three award-winning eateries. Her expertise includes business development, team leadership, and strategic planning. Jane’s strong network within the culinary community and her passion for sustainable practices make her uniquely qualified to lead Harvest Bistro to success.
Executive Chef: Michael Anderson
- Responsibilities: Michael is responsible for designing the menu, managing the kitchen staff, and ensuring the consistent quality of all dishes served. He oversees inventory management, food sourcing, and kitchen safety protocols. Michael collaborates closely with local farmers and suppliers to create seasonal dishes that reflect the restaurant’s farm-to-table ethos.
- Skills and Experience: With over a decade of experience in some of the nation’s top Michelin-starred restaurants, Michael is known for his creativity, culinary innovation, and commitment to sustainability. His deep understanding of farm-to-table cuisine and his ability to create compelling, seasonal menus make him an ideal fit for Harvest Bistro.
Front-of-House Manager: Samantha Lewis
- Responsibilities: Samantha is in charge of all front-of-house operations, including managing the host, waitstaff, and bar teams. She ensures that every guest enjoys a welcoming and memorable dining experience. Samantha is also responsible for staff training, scheduling, customer service, and maintaining the restaurant’s ambiance and decor.
- Skills and Experience: Samantha has over eight years of experience managing front-of-house operations in high-end dining establishments. She is highly skilled in customer relations, team training, and conflict resolution. Her strong leadership and communication skills ensure a cohesive team environment and excellent customer service.
Sous Chef: David Martinez
- Responsibilities: David assists the Executive Chef in menu planning, food preparation, and kitchen management. He supervises line cooks, manages food quality control, and ensures adherence to health and safety standards. David also plays a crucial role in creating daily specials and implementing new recipes.
- Skills and Experience: David has five years of experience as a sous chef in both fine dining and casual eateries. His expertise lies in efficiently managing kitchen operations and ensuring the highest quality in food preparation. He is passionate about sustainable cooking and locally sourced ingredients, aligning perfectly with Harvest Bistro’s mission.
Marketing and Events Coordinator: Emily Wong
- Responsibilities: Emily is responsible for developing and executing marketing strategies, managing social media accounts, and planning special events such as farm dinners, wine pairings, and cooking classes. She works closely with the General Manager to promote Harvest Bistro’s unique offerings and build a loyal customer base.
- Skills and Experience: Emily has a background in digital marketing and event management, with over six years of experience in the hospitality industry. Her creative marketing campaigns and strong community engagement skills will help elevate Harvest Bistro’s brand presence and attract new customers.
Head Bartender: Tom Richardson
- Responsibilities: Tom manages the bar operations, including drink menu creation, inventory control, and staff training. He ensures that all beverages are prepared to the highest standards and develops signature cocktails that complement the seasonal food menu.
- Skills and Experience: With over ten years of experience as a mixologist and bar manager, Tom is known for his innovative drink creations and his ability to provide a memorable bar experience. His understanding of local flavors and dedication to sustainability align with the restaurant’s overall philosophy.
Line Cooks, Hosts, Waitstaff, and Support Staff
- Responsibilities: These team members are critical to daily operations, ensuring efficient kitchen prep, welcoming service, and a seamless dining experience for all guests. Line cooks are responsible for food preparation under the guidance of the Executive Chef and Sous Chef. Hosts and waitstaff handle guest seating, order taking, and customer satisfaction.
- Skills and Experience: Each staff member is trained in their specific roles, with an emphasis on teamwork, customer service, and product knowledge. Many have previous experience in similar roles and are enthusiastic about contributing to Harvest Bistro’s mission.
Leadership and Management Capabilities
The management team at Harvest Bistro is uniquely qualified to run a successful restaurant, given their diverse backgrounds and extensive experience in the industry.
Jane Mitchell’s strategic vision and leadership skills, combined with Michael Anderson’s culinary expertise, set the foundation for a restaurant that is both innovative and operationally sound.
Samantha Lewis’ strong front-of-house management ensures an exceptional customer experience, while Emily Wong’s marketing acumen drives brand visibility and engagement.
Together, this team has a proven track record of success in the restaurant industry, with a deep understanding of both the business and creative aspects of running a farm-to-table dining establishment.
Their combined skills and experience provide the leadership needed to build a thriving, community-focused restaurant that meets both its financial goals and its mission to promote sustainability.
Having a united and experienced team is important. It helps with smooth operations, great customer service, and the overall success of your restaurant.
Step 6: Operational Plan and Logistics
Develop a clear plan for how your restaurant will operate every day. This plan should include details on how to choose vendors, manage inventory, and create staff schedules.
Having a good operational plan will help things run smoothly and use resources wisely.
Example of Vendor Selection & Management
At Harvest Bistro, vendor selection is critical to maintaining our commitment to fresh, locally sourced, and sustainably produced ingredients. We will establish partnerships with local farmers, artisanal producers, and sustainable suppliers who align with our values and can provide consistent, high-quality products. Our vendor selection process will involve:
- Research and Networking: We will research local farms and suppliers within a 50-mile radius and attend local farmers' markets and food fairs to identify potential vendors.
- Quality Assessment: Potential vendors will be evaluated based on the quality of their produce, sustainability practices, and reliability. We will visit farms and facilities to inspect production methods and ensure that all partners meet our standards for organic and ethical farming.
- Pricing and Contracts: Negotiations will focus on establishing fair pricing and building long-term relationships. We will create contracts that outline delivery schedules, payment terms, and quality standards.
- Diversity and Backup: We will work with multiple vendors for each product category to ensure a steady supply and mitigate risks associated with crop failures or supply chain disruptions.
You should also create a layout of your restaurant's floor plan. This should show seating capacity, how the kitchen is organized, and how customers will move around.
This visual aid will help potential investors see your space and understand how it works.
Logistics play a key role in running a successful restaurant. Making processes easy, ensuring deliveries are on time, and keeping inventory levels just right will help reduce waste and increase profits.
Step 7: Financial Projections and Funding Requirements
Financial projections are a critical component of your business plan.
Provide detailed financial statements, including projected income statements, balance sheets, and cash flow statements for the next three to five years.
Clearly state your funding requirements and how you plan to utilize the funds.
Whether you're seeking investors, loans, or a combination, transparent financial projections are crucial for securing funding and demonstrating your business acumen.
Financial Statement | Description |
Income Statement | Projects your restaurant's revenues, expenses, and profits over a specific period. |
Balance Sheet | Provides a snapshot of your restaurant's assets, liabilities, and equity at a specific point in time. |
Cash Flow Statement | Tracks the inflow and outflow of cash in your business, showing how much cash is available. |
Sample Financial Projections Template for Harvest Bistro
The following provides a comprehensive overview of our anticipated financial performance over the next three to five years, including detailed income statements, balance sheets, and cash flow statements.
Projected Income Statements (Profit and Loss Statements)
- Total Revenue: $[Amount]
- Cost of Goods Sold (COGS): $[Amount]
- Gross Profit: $[Amount]
- Operating Expenses: $[Amount]
- Net Profit: $[Amount]
(Continue for Years 3-5)
Projected Balance Sheets
- Current Assets: $[Amount]
- Fixed Assets: $[Amount]
- Current Liabilities: $[Amount]
- Long-term Liabilities: $[Amount]
- Equity: $[Amount]
Projected Cash Flow Statements
- Cash Flow from Operating Activities: $[Amount]
- Cash Flow from Investing Activities: $[Amount]
- Cash Flow from Financing Activities: $[Amount]
- Net Cash Flow: $[Amount]
- Net Cash Flow: $[Amount] (Continue for Years 3-5)
These financial projections are based on our expected growth, market trends, and strategic plans to increase revenue and manage costs effectively. They provide a roadmap to ensure Harvest Bistro remains financially sound and profitable over the coming years.
Legal and Regulatory Considerations
Navigating the legal rules is very important for a restaurant business. You need to follow all local, state, and federal rules about food service, health, safety, and hiring workers.
It is a good idea to talk to a lawyer and a business advisor. They can help you get the right licenses, permits, and insurance.
Following these rules keeps your business safe from legal problems and helps create a safe space for employees and customers.
Food Service Licenses & Permits
Getting the right food service licenses and permits is a must for any restaurant that wants to operate legally.
The rules can change depending on where you are and what type of business you have, so it's important to do your research.
You should reach out to your local health department and other important offices to find out what specific licenses and permits your restaurant needs.
Common requirements might include food handler's permits for your staff, a business license, and a food establishment permit.
Staying compliant with these regulations is an ongoing task. You should regularly check your licenses and permits to ensure they are current and meet the latest standards.
Compliance with Health and Safety Regulations
Health and safety rules are very important in the restaurant industry. You should know the local and national food safety rules . This includes how to handle, store, and clean food properly.
You need to set up a complete food safety training program for all your staff. Make sure they understand and follow all the steps. Inspect your facilities and equipment regularly to keep everything safe and clean.
Following health and safety rules protects your customers from getting sick from food.
It also helps to protect your reputation and lowers the chance of expensive legal problems.
Implementing Technology in Your Restaurant Business
In today's world, technology is very important for improving how restaurants run and how customers feel.
There are tools like point-of-sale (POS) systems and platforms for online ordering. These tools help restaurants to work better and faster.
Using technology can help you improve your operations, understand your customers better, and reach more people.
Point of Sale (POS) Systems and Management Software
Choosing the right point of sale (POS) system and management software is very important for your restaurant.
A good POS system can help process orders faster, keep track of sales data, and manage inventory.
Management software can make work easier by automating things like employee schedules and payroll.
Using these tools well can improve customer service and make your restaurant more efficient.
This can increase profit and make customers happier. Picking the right POS system can really affect your earnings and help your operations run smoothly.
Leveraging Online Ordering and Delivery Platforms
In today’s economy, it is important to offer online ordering and work with delivery platforms to grow your customer base.
Make sure your website and mobile app provide an easy online ordering experience.
Customers should be able to quickly look at your menu and place orders.
Partner with trusted delivery services to reach more people and take advantage of the rising trend in food delivery. When selecting your partners, consider carefully delivery fees and commissions.
By providing online ordering and delivery, you meet the changing needs of customers.
This also helps you reach more people, increase the number of orders, and may raise your revenue.
Frequently Asked Questions
How can i determine the best location for my restaurant.
Finding the right place requires looking at foot traffic and how easy it is to get there for your target market. You should also consider how close it is to local businesses and check out the competitors in that specific location. Thorough market research is important to help you make a smart choice.
What are the most effective marketing strategies for a new restaurant?
Effective marketing strategies use social media, work with local partners, and create engaging content that targets your market. You might also want to talk to industry experts for help. It is important to check and adjust your marketing efforts regularly.
How do I create realistic financial projections for my restaurant?
Making financial projections means predicting sales and considering expenses like food, labor, and other costs. Talking to a trained accountant can help you create a complete budget. This includes a predicted profit and loss statement, as well as realistic financial goals, especially for your important first year.
Wrapping it Up
In summary, a clear restaurant business plan is very important for your restaurant's success. It helps you explain your idea, know your market, and make a practical financial plan.
By using a step-by-step method from this guide, you can create a plan that shows what makes your restaurant special and different from others in the restaurant industry.
Remember to use technology and follow legal rules; these are important aspects to consider. If you need more help or advice in creating your restaurant business plan, feel free to contact us.
Good luck with your restaurant!
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Here is a free business plan sample for a fruit and vegetable store.
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Have you ever envisioned owning a bustling fruit and vegetable market that serves as a cornerstone of health in your community? Wondering where to start?
Look no further, as we're about to guide you through a comprehensive business plan tailored for a fruit and vegetable market.
Creating a solid business plan is crucial for any aspiring entrepreneur. It serves as a roadmap, outlining your vision, objectives, and the strategies you'll employ to turn your fresh produce venture into a thriving business.
To jumpstart your planning process with ease and precision, feel free to utilize our fruit and vegetable market business plan template. Our team of experts is also on standby to provide a free review and fine-tuning of your plan.
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How to draft a great business plan for your fruit and vegetable store?
A good business plan for a fruit and vegetable market must cater to the unique aspects of this type of retail business.
Initially, it's crucial to provide a comprehensive overview of the market landscape. This includes up-to-date statistics and an exploration of emerging trends within the industry, similar to what we've incorporated in our fruit and vegetable market business plan template .
Your business plan should articulate your vision clearly. Define your target demographic (such as local residents, restaurants, or health-conscious consumers) and establish your market's distinctive features (like offering organic produce, exotic fruits, or locally-sourced vegetables).
Market analysis is the next critical component. This requires a thorough examination of local competitors, market dynamics, and consumer buying patterns.
For a fruit and vegetable market, it's imperative to detail the range of products you intend to sell. Describe your selection of fruits, vegetables, herbs, and any additional items you plan to offer, and discuss how these choices align with the preferences and needs of your customer base.
The operational plan is equally important. It should outline the location of your market, the layout of the retail space, your supply chain for fresh produce, and inventory management practices.
Given the nature of a fruit and vegetable market, it is vital to highlight the freshness and quality of your produce, your relationships with growers and suppliers, and adherence to health and safety standards.
Then, delve into your marketing and sales strategies. How do you plan to attract and keep customers coming back? Consider your approach to promotions, customer loyalty programs, and potential value-added services (like home delivery or a juice bar).
Incorporating digital strategies, such as an online ordering system or a robust social media presence, is also crucial in the modern marketplace.
The financial section is another cornerstone of your business plan. It should encompass the initial investment, projected sales, operating expenses, and the point at which you expect to break even.
With a fruit and vegetable market, managing waste and understanding the shelf life of products are critical, so precise planning and knowledge of your financials are essential. For assistance, consider using our financial forecast for a fruit and vegetable market .
Compared to other business plans, a fruit and vegetable market plan must pay closer attention to the perishability of inventory, the importance of a robust supply chain, and the potential for seasonal fluctuations.
A well-crafted business plan not only helps you to define your strategies and vision but also plays a pivotal role in attracting investors or securing loans.
Lenders and investors are keen on a solid market analysis, realistic financial projections, and a comprehensive understanding of the day-to-day operations of a fruit and vegetable market.
By presenting a thorough and substantiated plan, you showcase your dedication and readiness for the success of your venture.
To achieve these goals while saving time, you are welcome to fill out our fruit and vegetable market business plan template .
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A free example of business plan for a fruit and vegetable store
Here, we will provide a concise and illustrative example of a business plan for a specific project.
This example aims to provide an overview of the essential components of a business plan. It is important to note that this version is only a summary. As it stands, this business plan is not sufficiently developed to support a profitability strategy or convince a bank to provide financing.
To be effective, the business plan should be significantly more detailed, including up-to-date market data, more persuasive arguments, a thorough market study, a three-year action plan, as well as detailed financial tables such as a projected income statement, projected balance sheet, cash flow budget, and break-even analysis.
All these elements have been thoroughly included by our experts in the business plan template they have designed for a fruit and vegetable market .
Here, we will follow the same structure as in our business plan template.
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Market Opportunity
Market data and figures.
The fruit and vegetable market is an essential and robust component of the global food industry.
Recent estimates value the global fruit and vegetable trade at over 1 trillion dollars, with expectations for continued growth as consumers seek healthier eating options. In the United States, the fruit and vegetable industry contributes significantly to the economy, with thousands of markets and stores providing a wide range of produce to meet consumer demand.
These statistics underscore the critical role that fruit and vegetable markets play in not only providing nutritious food options but also in supporting local agriculture and economies.
Current trends in the fruit and vegetable industry indicate a shift towards organic and locally sourced produce, as consumers become more health-conscious and environmentally aware.
There is an increasing demand for organic fruits and vegetables, driven by the perception of better quality and concerns about pesticides and other chemicals. The local food movement is also gaining momentum, with consumers showing a preference for produce that is grown locally to support community farmers and reduce carbon emissions associated with transportation.
Technological advancements are influencing the industry as well, with innovations in vertical farming and hydroponics allowing for more sustainable and space-efficient growing methods.
Online grocery shopping and delivery services are expanding, making it easier for consumers to access fresh produce directly from their homes.
Additionally, the push for transparency in food sourcing continues to grow, with consumers wanting to know more about where their food comes from and how it is grown.
These trends are shaping the future of the fruit and vegetable market, as businesses strive to meet the evolving preferences and values of modern consumers.
Success Factors
Several key factors contribute to the success of a fruit and vegetable market.
Quality and freshness of produce are paramount. Markets that offer a wide variety of fresh, high-quality fruits and vegetables are more likely to build and maintain a dedicated customer base.
Diversity in product offerings, including exotic or hard-to-find produce, can differentiate a market from its competitors.
Location is also vital, as markets that are easily accessible to consumers will naturally attract more foot traffic.
Customer service is another important aspect, with knowledgeable and friendly staff enhancing the shopping experience and encouraging repeat visits.
Effective cost management and the ability to adapt to changing consumer trends, such as the demand for organic and locally grown produce, are crucial for the long-term viability of a fruit and vegetable market.
The Project
Project presentation.
Our fruit and vegetable market project is designed to cater to the increasing consumer demand for fresh, organic, and locally-sourced produce. Situated in a community-focused neighborhood, our market will offer a diverse selection of fruits and vegetables, emphasizing seasonal and organic options. We will partner with local farmers and suppliers to ensure that our customers have access to the freshest produce available, supporting sustainable agricultural practices and reducing our carbon footprint.
We aim to provide not just produce, but a holistic healthy eating experience by offering a range of complementary products such as herbs, spices, and artisanal condiments. Our market will be a hub for health-conscious consumers and those interested in cooking with the finest ingredients.
Our fruit and vegetable market is set to become a cornerstone in the community, promoting healthier lifestyles and fostering connections between local producers and consumers.
Value Proposition
The value proposition of our fruit and vegetable market lies in our commitment to providing the community with the highest quality fresh produce. We understand the importance of nutrition and the role that fruits and vegetables play in maintaining a healthy diet.
Our market will offer a unique shopping experience where customers can enjoy a wide variety of produce, learn about the benefits of incorporating more fruits and vegetables into their diets, and discover new and exotic varieties. We are dedicated to creating a welcoming environment where everyone can find something to enrich their meals and support their well-being.
By focusing on local and organic sourcing, we also contribute to the sustainability of our food systems and the prosperity of local farmers, aligning our business with the values of environmental stewardship and community support.
Project Owner
The project owner is an individual with a profound passion for healthy living and community engagement. With a background in agricultural studies and experience in the food retail industry, they are well-equipped to establish a market that prioritizes quality and freshness.
They bring a wealth of knowledge about the seasonality and sourcing of produce, and are committed to creating a marketplace that reflects the diversity and richness of nature's offerings. Their dedication to health, nutrition, and sustainability drives them to build a market that not only sells fruits and vegetables but also educates and inspires the community to embrace a healthier, more sustainable lifestyle.
Their vision is to create a space where the joy of fresh, wholesome food is accessible to all, and where the market serves as a vibrant gathering place for people to connect with their food and each other.
The Market Study
Market segments.
The market segments for this fruit and vegetable market are diverse and cater to a wide range of consumers.
Firstly, there are health-conscious individuals who prioritize fresh, organic produce in their diets for wellness and nutritional benefits.
Secondly, the market serves customers who are looking for locally-sourced and seasonal produce to support community farmers and reduce their carbon footprint.
Additionally, the market attracts individuals with specific dietary needs, such as vegans, vegetarians, and those with food sensitivities who require a variety of fresh produce options.
Culinary professionals, including chefs and caterers, represent another segment, seeking high-quality ingredients to enhance their dishes.
SWOT Analysis
A SWOT analysis of the fruit and vegetable market project highlights several key factors.
Strengths include a strong focus on fresh, high-quality produce, relationships with local farmers, and a commitment to sustainability and eco-friendly practices.
Weaknesses might involve the perishable nature of inventory, the need for constant supply chain management, and potential seasonal fluctuations in product availability.
Opportunities exist in expanding the market's reach through online sales and delivery services, as well as in educating consumers about the benefits of eating fresh and local produce.
Threats could include competition from larger grocery chains with more buying power, adverse weather affecting crop yields, and potential economic downturns reducing consumer spending on premium produce.
Competitor Analysis
Competitor analysis in the fruit and vegetable market sector indicates a varied landscape.
Direct competitors include other local markets, organic food stores, and large supermarkets with extensive produce sections.
These competitors vie for customers who value convenience, variety, and price.
Potential competitive advantages for our market include superior product freshness, strong community ties, exceptional customer service, and a focus on sustainable and ethical sourcing.
Understanding the strengths and weaknesses of these competitors is crucial for carving out a niche and ensuring customer loyalty.
Competitive Advantages
Our fruit and vegetable market's dedication to offering the freshest and highest quality produce sets us apart from the competition.
We provide a wide array of fruits and vegetables, including rare and exotic items, to cater to the diverse tastes and needs of our customers.
Our commitment to sustainability, through supporting local farmers and minimizing waste, resonates with environmentally conscious consumers.
We also emphasize transparency and education about the source and benefits of our produce, fostering a trusting relationship with our clientele.
You can also read our articles about: - how to open a fruit and vegetable store: a complete guide - the customer segments of a fruit and vegetable store - the competition study for a fruit and vegetable store
The Strategy
Development plan.
Our three-year development plan for the fresh fruit and vegetable market is designed to promote healthy living within the community.
In the first year, our goal is to establish a strong local presence by sourcing a wide variety of high-quality, seasonal produce and building relationships with local farmers and suppliers.
The second year will focus on expanding our reach by setting up additional market locations and possibly introducing mobile market services to access a broader customer base.
In the third year, we plan to diversify our offerings by including organic and exotic fruits and vegetables, as well as implementing educational programs on nutrition and sustainable agriculture.
Throughout this period, we will be committed to sustainability, community engagement, and providing exceptional service to ensure we become a staple in our customers' healthy lifestyles.
Business Model Canvas
The Business Model Canvas for our fruit and vegetable market targets health-conscious consumers and those looking for fresh, local produce.
Our value proposition is centered on offering the freshest, high-quality fruits and vegetables, with a focus on local and organic options, and providing exceptional customer service.
We will sell our products through our physical market locations and consider an online ordering system for customer convenience, utilizing our key resources such as our relationships with local farmers and our knowledgeable staff.
Key activities include sourcing and curating produce, maintaining quality control, and engaging with the community.
Our revenue streams will be generated from the sales of produce, while our costs will be associated with procurement, operations, and marketing efforts.
Access a complete and editable real Business Model Canvas in our business plan template .
Marketing Strategy
Our marketing strategy is centered on community engagement and education.
We aim to highlight the health benefits of fresh produce and the environmental advantages of buying locally. Our approach includes community events, cooking demonstrations, and partnerships with local health and wellness organizations.
We will also leverage social media to showcase our daily offerings, share tips on healthy eating, and feature stories from our partner farmers.
Additionally, we plan to offer loyalty programs and seasonal promotions to encourage repeat business and attract new customers.
Risk Policy
The risk policy for our fruit and vegetable market focuses on mitigating risks associated with perishable goods, supply chain management, and market fluctuations.
We will implement strict quality control measures and develop a robust inventory management system to minimize waste and ensure product freshness.
Building strong relationships with a diverse group of suppliers will help us manage supply risks and price volatility.
We will also maintain a conservative financial strategy to manage operational costs effectively and ensure business sustainability.
Insurance coverage will be in place to protect against unforeseen events that could impact our business operations.
Why Our Project is Viable
We believe in the viability of a fruit and vegetable market that prioritizes freshness, quality, and community health.
With a growing trend towards healthy eating and local sourcing, our market is well-positioned to meet consumer demand.
We are committed to creating a shopping experience that supports local agriculture and provides educational value to our customers.
Adaptable to market trends and customer feedback, we are excited about the potential of our fruit and vegetable market to become a cornerstone of healthy living in our community.
You can also read our articles about: - the Business Model Canvas of a fruit and vegetable store - the marketing strategy for a fruit and vegetable store
The Financial Plan
Of course, the text presented below is far from sufficient to serve as a solid and credible financial analysis for a bank or potential investor. They expect specific numbers, financial statements, and charts demonstrating the profitability of your project.
All these elements are available in our business plan template for a fruit and vegetable market and our financial plan for a fruit and vegetable market .
Initial expenses for our fruit and vegetable market include costs for securing a retail space in a high-traffic area, purchasing refrigeration units and display equipment to maintain and showcase fresh produce, obtaining necessary permits and licenses, investing in a robust inventory management system, and launching marketing initiatives to attract customers to our location.
Our revenue assumptions are based on an in-depth analysis of the local market demand for fresh, high-quality fruits and vegetables, taking into account the increasing trend towards healthy eating and organic produce.
We expect sales to grow steadily as we establish our market's reputation for offering a wide variety of fresh and locally sourced produce.
The projected income statement outlines expected revenues from the sale of fruits and vegetables, cost of goods sold (including procurement, transportation, and storage), and operating expenses (rent, marketing, salaries, utilities, etc.).
This results in a forecasted net profit that is essential for assessing the long-term viability of our fruit and vegetable market.
The projected balance sheet will reflect assets such as refrigeration and display equipment, inventory of fresh produce, and liabilities including any loans and operational expenses.
It will provide a snapshot of the financial condition of our market at the end of each fiscal period.
Our projected cash flow statement will detail all cash inflows from sales and outflows for expenses, helping us to predict our financial needs and ensure we have sufficient funds to operate smoothly.
The projected financing plan will outline the sources of funding we intend to tap into to cover our initial setup costs and any additional financing needs.
The working capital requirement for our market will be carefully managed to maintain adequate liquidity for day-to-day operations, such as purchasing fresh stock, managing inventory, and covering staff wages.
The break-even analysis will determine the volume of sales we need to achieve to cover all our costs and begin generating a profit, marking the point at which our market becomes financially sustainable.
Key performance indicators we will monitor include the turnover rate of our inventory, the gross margin on produce sales, the current ratio to evaluate our ability to meet short-term obligations, and the return on investment to gauge the profitability of the capital invested in our market.
These metrics will be instrumental in assessing the financial performance and overall success of our fruit and vegetable market.
If you want to know more about the financial analysis of this type of activity, please read our article about the financial plan for a fruit and vegetable store .
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Moscow's culinary opportunities: How to open a restaurant
![sample business plan for a restaurant doc](https://mf.b37mrtl.ru/rbthmedia/images/2017.09/article/59b65b8515e9f958a863884a.jpg)
Having a nice family-style restaurant in the Russian capital with a flavor of your home country is a popular business option for many expats. But it’s not as easy as it might seem. Here are a few things to consider for potential restaurant-owners.
Thinking it through
First and foremost, one should make sure that owning a restaurant, even a small one, is really something you would like to do. As any kind of business, it takes a significant amount of time and money to manage and develop. “Success in public catering requires hard work, without weekends or holidays,” Ilias Iliadis, owner of Pita&Suvlaki Greek restaurant in Moscow, told Russia Beyond. “It is not as hard to open a place as running it.”
One will need to learn everything about every aspect of a business, from legal, fire and sanitary requirements to managing business partner relationships and hiring experienced staff. “There are many difficulties in this sphere, so you need to be totally in love with what you do to be successful,” says Radomir Krajinovic, owner of Serbian restaurant Optimist.
![sample business plan for a restaurant doc The number of national cuisine restaurants have grown in Moscow over the last few years.](https://mf.b37mrtl.ru/rbthmedia/images/2017.09/original/59b65bad15e9f958ad5348a9.jpg)
The number of national cuisine restaurants have grown in Moscow over the last few years.
Market trends
As we noted previously, the economic crisis had led to many Russians cutting back and, as a result, there has been a growth in interest in developing fast food outlets.
Yet, the general dynamic for restaurants is toward growth: According to Poster company 2017 review of trends in the restaurant business, healthy eating, vegetarian food, open kitchen format, craft beer, food trucks (mobile cafes), and regional cuisine are becoming more popular in Moscow. The number of restaurants and bars grow and they compete for custom by offering special deals and interesting dining formats.
“Over the last few years the number of national cuisine restaurants have grown,” says Krajinovic. ”Yes, the crisis has led to fewer people visiting us, but we are still doing well - we are opening a new restaurant soon.”
Iliadis’s venture is also experiencing growth: He opened his first café in city center in 2014 – now he has opened a second restaurant and a third one is on the way.
Of course, setting up a firm without back is impossible. “To open a small restaurant or a cafe one would need 5 million rubles ($87,160),” Vladimir Shalaev, a lawyer at BMS Law Firm, told Russia Beyond. Iliadis confirms this figure. “In our case it was a year before it paid off. Our small restaurant became popular quickly so we had to find a bigger place,” he adds.
“The biggest part of what you’ll need to pay is rent. It is very expensive here,” Krajinovic says. “Other things depend on what one wants. A home-style restaurant might require from seven to 10 million rubles of investment which will pay off in two years.”
Russian banks also offer business loans. “You need to have 30 percent of the necessary investment for the new project and the bank will cover the remaining 70 percent,” says Igor Glukhov, deputy director of Credit Department of RosEvroBank.
![sample business plan for a restaurant doc If you serve good food and your clients sense it, they will become regulars and inspectors will not come often if they don’t receive complaints.](https://mf.b37mrtl.ru/rbthmedia/images/2017.09/original/59b65bad15e9f958ad5348aa.jpg)
If you serve good food and your clients sense it, they will become regulars and inspectors will not come often if they don’t receive complaints.
Legal aspect
The procedure of setting up a legal entity is no different for a foreigner than for a Russian national. “You need to gather all necessary documents to register a firm: Passport, various papers, a receipt of registration fee payment; foreign citizens need to provide a certified passport translation as well,” Shalaev said.
Of course, just registering a company will not be enough. You need to get a license for selling alcohol, rent a place for your café, add it to the commercial register, then get all necessary permits from sanitary and fire inspections, as well arrange for garbage disposal, Shalaev added.
“The legal framework is very similar to that in Greece,” Iliadis says. “The Russian requirements gradually develop to European standards. Of course, like in Greece, there are still some outdated rules, such as having a separate room for peeling potatoes, but inspectors don't take it seriously. No one terrorizes you every day without reason. If you serve good food and your clients sense it, they will become regulars and inspectors will not come often if they don’t receive complaints.”
Krajinovic, who has been running his restaurant since 2012, agrees. “There are no problems. If you follow all the necessary requirements and use fresh products, no one will bother you asking for money,” he says. “A good thing here is that 3-4 months after starting a business you know how much tax you will need to pay, as opposed to Europe, where the percent might change. Here we pay 15-20 percent of our profits.”
How to open a farm in Russia if you're a foreigner
3 years of embargo in russia: the winners and losers, why foreigners can still line their pockets in russia, how a florentine is bringing italian cheese to russia’s far east, 13 bizarre (real) job offers that will make you move to russia.
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Tgi friday’s loses control of assets after document delay.
(Bloomberg) -- TGI Friday’s Inc. management has lost day-to-day control of much of the restaurant chain’s assets and functions after the company failed to file documents to bondholders on time.
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A manager termination notice was issued Tuesday involving a $375 million asset-backed security sold in 2017 and backed by most of TGI Friday’s revenue-generating assets, according to Kroll Bond Rating Agency. It called the termination event the first involving a so-called whole business securitization since the Great Financial Crisis.
Functions taken over for now by backup manager FTI Consulting Inc. include personnel decisions and liquidating collateral if needed, Kroll said.
S&P Global Ratings said Thursday that the termination was prompted by, among other things, “the distribution of an inflated management fee from the securitization to the manager,” which was TGI Friday’s. A miscalculation resulted in a $2 million overpayment that wasn’t recoverable as funds were used to make overdue payments to vendors, according to S&P. It added the manager did repay at least $228,000 to the ABS.
TriArtisan Capital Advisors, which owns TGI Friday’s, declined to comment for both of them. Also declining to comment were FTI and Citibank, the security’s trustee and who Kroll said terminated TGI Friday’s as manager.
Athene Holding Ltd., an insurance unit of Apollo Global Management, was the largest publicly disclosed owner of the ABS as of earlier this year, according to data compiled by Bloomberg. A spokesperson for Apollo declined to comment.
Companies with large franchise networks like restaurants can raise capital through ABS known as whole-business securitizations. In such deals, bondholders can step in when business problems arise and metrics such as debt-to-income ratios are breached.
The assets involved in TGI Friday’s deal include franchise agreements, royalties and intellectual property, Kroll said in a 2017 report.
TGI Friday’s began on Manhattan’s Upper East Side in the 1960s, pioneering the idea of a singles’ bar and restaurant that women could go to without being on a date. The chain spread across the US, decorating restaurants with a wide array of antiques and memorabilia, often local — a look it’s since shed.
But like some peers in the casual-dining space, recent years have been a struggle between rising costs and impacts related to Covid-19. TGI Friday’s closed dozens of locations in 2020 while peers including Red Lobster have tumbled into bankruptcy. TGI Friday’s last year saw two chief executives step down. It had some 650 locations in about 50 countries as of January.
Some of the TGI Friday’s securitization was repaid earlier this year, S&P said at the time, using proceeds from selling licensing rights to Kraft Heinz Co.
The rest outstanding is under what’s known as “rapid amortization,” meaning available cash flow from the securitized assets — franchised restaurants in TGI Friday’s case — goes toward repaying principal. Timely interest payments have continued, Kroll said in this week’s report.
Following the surge the prior two years in interest rates, 2024 has seen renewed interest in whole-business securitizations. At more than $8 billion, volume is the highest since 2021, led by a record $3.35 billion deal by Subway. The sandwich chain is looking to do a follow-up $2.34 billion deal.
(Updates with S&P comments and Athene ownership in the fourth and sixth paragraphs.)
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Perfecting your crisis communication plan
![sample business plan for a restaurant doc Jenny Pak](https://public-site.marketing.pandadoc-static.com/app/uploads/sites/3/MTPhoto2-40x40.jpg)
Jenny Pak Director of Program Management at PandaDoc
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In business, everything that could go wrong would most likely go wrong.
And when this happens, you need a crisis communication plan to let stakeholders and customers know what’s going on.
Crisis communication eliminates the corporate confusion and helter-skelter that could ensue when disaster strikes.
If handled poorly, it could ruin your organization’s reputation.
Or even worse, lead to public safety tragedies.
This article will show you how a crisis communication plan can help your business navigate rough waters.
Key takeaways
- Crisis communication involves notifying clients, stakeholders, and members of the general public about events, accidents, and public safety incidents.
- A crisis communication plan outlines how an organization should go about informing internal teams and the public across multiple communication channels.
- Organizations can use crisis communication plans to minimize losses, prevent legal blowback, and save lives.
- The plan works best if a crisis team can analyze the situation carefully before appointing the appropriate spokesperson to speak to the public.
What is a crisis communication plan?
A crisis communication plan is a document containing guidelines and procedures for communicating with clients and stakeholders when an unprecedented event occurs.
The person or team running point during the crisis should spell out the roles, responsibilities, and messaging promptly in order to reduce panic and speculation.
Applications of a crisis communication plan
From businesses to academic institutions, communication is part of the crisis management playbook.
Here are some types of crisis communication plans.
- Financial emergency : Following the Capital One hack, the bank chairman released a detailed public statement on its website.
- Public health and safety : During peak COVID , governments and corporations used a detailed crisis communication plan to prevent cities from spiraling into dystopian wastelands.
- Natural disasters : Emergency response services use multiple communication channels to notify people during earthquakes, floods, tsunamis, and other natural disasters.
- Personnel changes : When staff members (especially C-level and customer-facing employees) leave the company, you need to inform your clients and investors.
- Personal safety : If a criminal hacks into your Instagram or TikTok account, you need to find a way to notify your followers before they start sending Bitcoin to the hacker.
- Malpractice or criminal activity : When a member of an institution is found guilty of a crime, the crisis response team will put out a statement to dissociate the individual from the group.
- Transportation : Airlines and logistics companies use crisis response plans to notify passengers and customers about delays, accidents, and cancellations. (Failure to do so has repercussions — after United Airlines fumbled their response to the Dr. Dao incident, the company’s image has yet to recover from #boycottUnited .)
- Academic institutions : Schools and colleges can send out memos to students and staff during crisis scenarios such as a death on campus, active shooter events, or disruption of services.
How a crisis communication plan can save your organization
A crisis communication plan keeps you and your organization ready for unprecedented events.
Let’s check out how a coherent response plan can save your organization.
- It helps organizations handle the fallout of scandals, natural disasters, and controversies.
- Despite massive data and privacy violations , Mark Zuckerberg has maintained a less problematic reputation than no-filter Elon Musk.
- Prompt and effective crisis communication prevents further losses in customers and revenue.
- Banks and product companies communicate about bankruptcy or hacks early to avoid panic withdrawals.
- It protects the reputation of companies by presenting the leadership as competent and personable.
- Crisis communication plans can reduce the casualties of natural and human-made disasters.
- After the train derailment in Ohio , the government sent out an evacuation memo to residents.
- It dissociates the organization from the actions of unsavory characters.
- The British Crown has a standby controversy response team that disavows members of the family who step out of line.
- A well-articulated crisis response can cover your company’s behind from any legal implications.
- In 2019, Burger King used this strategy to get a frivolous lawsuit dismissed.
- It highlights the preparedness and competence of the management structure within an organization through decisive, from-the-front leadership.
Common strategies for crisis communication
Let’s explore the communications strategy your team could use in times of crisis:
- The company PR team or spokesperson will release a statement or go for a sit-down interview.
- Companies with a massive social media presence can coordinate crisis responses across all social media channels.
- Organizations can conduct in-person outreach through emails and phone calls.
Establish a comprehensive crisis communication plan
Here are the steps to follow when creating a crisis communication plan for your organization.
Analyze the situation
Resist the knee-jerk urge to tweet your response as soon as something happens. Instead, take some time to analyze the crisis situation and understand the whole picture before putting out a statement.
Your management team needs to analyze the event to figure out the best course of action and the tone to take in the event of a crisis.
Nominate a spokesperson
The spokesperson should be the face of the organization, representing its values and sentiments.
Some innate qualities that every spokesperson should have include the following:
- Excellent communication skills
- Media training
- Resourcefulness and recognizability.
You also need to put forward someone with authority and clout to make decisions.
Picture Siobhan Roy during the cruise scandals in Succession .
You don’t want Logan Roy responding to sexual assault allegations.
Develop and approve response systems and communication methods
The response plan should cover the three main stages of crisis response:
- Pre-crisis stage: This provides the fundamental procedures and escalation hierarchy for a potential crisis. Some organizations appoint spokespersons for different cases, so every team member knows their role once it’s “go time.”
- Crisis stage: The response systems during this phase should focus on informing the public and internal teams . This is where you plan the social media posts, personal outreach calls, or PR statements.
- Post-crisis stage: This involves addressing feedback mechanisms and suggested changes. In most cases, the fallout from the crisis itself dictates the post-crisis response.
Create a response script
Your public relations responders need to craft a consistent messaging across all platforms.
This assures the customer that the information is legit and that the entire organization is in lockstep.
Consider using a crisis communication template to draft written and verbal responses faster.
Your legal team should also review the final text to make sure you don’t implicate yourself.
![sample business plan for a restaurant doc](https://public-site.marketing.pandadoc-static.com/app/uploads/crisis_management_plan-e1674472539381-250x324.png)
Crisis Management Plan Template
Used 4890 times
With this template, you can quickly and easily put together a comprehensive Crisis Management Plan.
Release the update through the designated channels
When the image of the Pope in the puffer jacket broke the internet, the Vatican didn’t panic.
They released a statement across multiple channels — including regular media outlets and socials — to quell fears and rumors.
The usual channels for communication crisis updates include the following:
- Social media channels — Facebook, Instagram, TikTok
- Verified personal profiles — Elon Musk providing updates about X.
- News media channels — CNN, etc.
- Emails and app notifications.
- Press releases and PR statements on the company website.
Airports and transportation hubs can use digital displays to notify the public about delays as well as scheduled and unprecedented service disruptions.
Answer questions
After putting out a statement, members of the public and media will reach out to your organization for clarification or confirmation.
This is where the crisis response and customer service teams earn their keep.
You need to provide them with a script to address frequently asked questions as well as an escalation hierarchy for complex queries.
In criminal cases with massive legal implications, you could give them the canned law enforcement “cannot comment on an ongoing investigation” response.
Provide regular sitreps
During prolonged events, you need to keep external stakeholders updated about recent developments in real time.
This will calm down fears and fend off misinformation while showing the progress your team members are making in handling the situation.
For website or application outages, you can use status page updates, website banners, or in-app notifications.
Deliver a detailed recap afterward
Once the dust settles, the CEO has to release a statement containing a sober analysis of what happened and the immediate to long-term impact.
This public recap is your way of showing accountability to key stakeholders. You can also use a fact sheet to provide further details about the causes and consequences of the mishap.
For companies with high-value clients, you can schedule calls to follow up on them. This is important for reputable institutions as well as companies with world-renowned investors.
Share lessons learned internally
Regardless of how successful or disastrous the crisis communication was, your crisis communication team needs to share lessons learned. These will help set up the playbook for future scenarios.
How PandaDoc can help with crisis communication
As a document management solution , PandaDoc helps organizations draft, edit, and share crisis communication outlines in record time.
You can get a crisis response template for every phase of the response.
Besides, PandaDoc uses document tracking features to keep an eye on who works on, approves, or edits the document. This ensures transparency and accountability.
If you want to create external communications for multiple scenarios, you can store them in the PandaDoc online repository .
Want to consider using PandaDoc to draft and share your organization’s crisis communication plan? Book a free demo with us.
PandaDoc is not a law firm, or a substitute for an attorney or law firm. This page is not intended to and does not provide legal advice. Should you have legal questions on the validity of e-signatures or digital signatures and the enforceability thereof, please consult with an attorney or law firm. Use of PandaDoc services are governed by our Terms of Use and Privacy Policy.
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How to Run a Prioritization Session Using the MoSCoW Framework
10x ruthless prioritization.
![sample business plan for a restaurant doc Benoit des Ligneris](https://miro.medium.com/v2/resize:fill:88:88/1*SsSNZyx4XDYo02agl-2gcg.png)
Benoit des Ligneris
The Startup
The MoSCoW method is a prioritization framework.
It consists of four quadrants:
- Should-Have
These four quadrants classify requirements:
- Must-Have: Those are required for the release to have the expected outcome. I often use the skeleton analogy of our bodies. Everything in this quadrant has proven value or is a vital element of the new product or feature. These requirements are also pre-requisite of others. We need to develop them first. MUST is also an acronym for Minimal Usable SubseT. Think also Minimally Viable Product (MVP).
- Should-Have: Those are requirements that will have an impact on the new product/feature, but the product/feature can work without them. If you work in cycles, they can be part of the next cycle. You can start building these requirements once the Must-Haves are complete if times and resources permit it. They may have less clear value or depend on some Must-have.
- Could-Have: These requirements are desirable. They will most certainly improve the product/feature but are not essential. Sometimes their value is not clear; sometimes we need more information: data, user feedback or user-research
- Won’t-Have: Those are requirements you will not do for this product/feature for this cycle. Use this quadrant to define what the team has agreed not to do for this release. It is beneficial to document these agreements. Focus on the current cycle: aways changing the future is!
How to run a prioritization session with MoSCoW
The prerequisites are:
- a strong why
- a product vision / shared problem space definition
- a product-brief
- If possible, a press-release (1-page max) to share with everyone what success looks like for this iteration.
If you are missing some of these critical elements, the risk is that the prioritization could be highly inefficient. While building this shared understanding (and producing the documents above), you should pre-fill the MoSCoW grid with what the team has already discussed. This
I used a simple visual code for each item in the grid:
- [ ] Todo (agreed upon by the team and in the Must-Have quadrant)
- - Team is aligned and this requirement is in the correct quadrant
- ? To be discussed (not agreed upon but captured during discussions or any social interaction)
- 🐽 Team disagreement / May need further discussions or stakeholder input
- ☑️ Done — This requirement has shipped
You can make your own or use the empty MoSCoW template and pre-fill it to the best of your knowledge.
Invite the team
Once you have done that, you are ready to invite the team to the session. If this is the first time you are using MoSCoW with this team, you can send the link to the Wikipedia article (or this blog post ;-).
Make sure to attach the MoSCoW matrix or share it in your favorite team communication tool before the meeting.
The meeting
Make everyone comfortable. Explain the process and why the team is in the room. Ask questions about MoSCoW and make sure to clarify the definitions. Make sure to specify the time-scope of the exercise: the next release. I also like to mention that nothing is permanent and that we can change these decisions at any time.
The value of the MoSCoW method comes from the super-interesting discussions it will generate. The talks are a forcing function to create team alignment rapidly. You will also identify the points of misalignment/indecision. These points will be visually easy to spot on the MoSCoW matrix with the proposed pig noses (🐽) symbols.
Depending on your current alignment, you can experiment with three types of meetings. I will propose two structured approaches and one unstructured approach that is more like a free-form conversation.
In my experience, the first few times I used the framework, I used a structured approach. These days, I tend to use a free-form approach, merely making sure we spend some time on each segment. Feel free to experiment with these approaches.
Weak alignment : You should start from the less absolute quadrants. Namely the could-have and should-have.
The proposed path will help the team to build their prioritization muscle.
The proposed path is illustrated on the left.
- Could-Have: try to move things from this quadrant to won’t-have or should-have quadrant.
- Should-have: idem but move requirements to the must-have / could-have quadrant.
- Must-have: It is OK to spend time on this quadrant and have a deep discussion.
- Make sure you capture all the requirements that will not be built for this release. This one is often easier.
Already a strong alignment.
If you already have a strong alignment the Must-Have and Won’t-Have quadrants should be well defined. Start with the already agreed upon points.
- Must-Have: Start from there as the team alignment is built in this quadrant. Do not leave any requirement undiscussed but focus on the one with ? and 🐽. Build alignment on these or move them to another quadrant.
- Won’t have: Should also be quite clear and fast. Don’t hesitate to move things around and clarify
- Should-have: This is where you should spend most of the team time. Lots of interesting discussions to have. Discussions will mostly be around the should-have vs could-have requirements.
- Could-have: If you have time, otherwise, you can move to the conclusion.
Free-form discussion
In this type of workshop, the flow is free. You can still use some form of prioritization: quadrant by quadrant.
You can prioritize based on the various requirement importance: start from the most pressing issues that the team has.
Another possibility is to go in turn. Each attendee picks one requirement they think is in the wrong quadrant, one in the right quadrant and one missing requirement. The last method guarantees the fair participation of everyone and is very remote-friendly.
The tricky thing is to make sure the team is spending enough time on each quadrant.
Tip: use the MoSCoW quadrant forcing functions
When a discussion derails, and we start bikeshedding or making plans to go to Mars, keep everyone focused on the goal/quadrants. You can use one of the following questions are a forcing function to make a decision and move to another subject:
- Should we change this requirement from Must-Have to Should-Have?
- Should we add a new requirement to capture this discussion? In which quadrant?
- I think we disagree, let’s use a 🐽 for now, and move to the next quadrant/requirement/person. We will come back to it later.
10 minutes before the end: the quadrant walk-through
Revisit the won’t-have quadrant.
Make sure to revisit the won’t-have quadrant. Lots of time, we moved things around, and we may have added new requirements. This white-space thinking is super-useful to define what we don’t want to build.
For instance, in one of the sessions, we had a generic no buyer facing interface requirement. During the discussion, we discovered that we now have a specific buyer facing element in our should-have quadrant. As a consequence, we changed the won’t have one to a more accurate `no buyer facing interface — pre-checkout` in the won’t have.
It is super-important to do that otherwise you will end up with some contradictory document and misaligned team.
Focus on the Must-Have
This quadrant represents the core of the product. Use leading questions like:
- Are we ready (even if uncomfortable!) to sacrifice everything else to develop these requirements?
- When all these requirements will be built, can we launch our product?
- Is everything in the Must-Have column necessary?
These questions will generate interesting alignment discussions: some requirements will move to Should-have and some Should-have to Won’t-have.
The conclusion of the meeting is not a time for discussion: if the team disagree, use the pig nose symbol (🐽) and move forward to the next requirement.
The must-have quadrant should now be quite robust, as well as the won’t have quadrant.
If you are short in time, stop there and move to the conclusion of the meeting.
2 Minutes before the end: Conclude / Wrap-it up.
At this point, you will most certainly navigate between these two scenarios:
Alignment not built yet.
Some team disagreement (🐽) in the Must-Have and Won’t-Have quadrants are a manifestation of misalignment. Make sure you have follow-up action-items assigned to team members for which these requirements are essential. You can go 1:1 for these or use another session.
Strong alignment on essential things:
If you don’t have any disagreement in the Must-Have and Won’t-Have quadrants, congratulation! You have now a well-aligned team and a document ready to share.
It is perfectly OK to have some disagreements (🐽) in the Should-Have or Could-Have quadrants. Those are good candidates for some data-deep dive, user research or UX explorations. Try to find motivated team members to help the team understand better these requirements.
The MoSCoW matrix is super simple but quite powerful to generate valuable team-level discussion. The framework will guide your team discussions toward an agreed-upon prioritized requirement list.
After a few meetings (or one-on-one with key team members), you will reach alignment within your team. Congratulations!
You can now share the MoSCoW prioritized requirement list with your stakeholders. Use one of the methods exposed above when you discuss prioritization with your stakeholders:
- Be open to new requirements: add them in any section with a “?” so that you can analyze this scope change with the team;
- If some stakeholder disagree, use the (🐽)
This document is a live document: it should not remain untouched for months in a row. Every cycle, you should be able to mark things done (☑️), and once the Must-Have quadrant is completed: you can release your new product!
When you have almost completed all the requirements in your Must-have quadrant, you can then start a new cycle with the Should-Have as a good starting list for the must-have quadrant. You can then organize your next MoSCoW prioritization team session!
Feedback is a gift
Have you used this method before? Any tip to share with the audience?
Do you use another framework, how does it compare/relate to the MoSCoW one to build team and stakeholder alignment?
For reference:
- MoSCoW template
- Wikipedia article on the MoSCoW prioritization method
![sample business plan for a restaurant doc Benoit des Ligneris](https://miro.medium.com/v2/resize:fill:144:144/1*SsSNZyx4XDYo02agl-2gcg.png)
Written by Benoit des Ligneris
Radical Optimist, Ph. D., Coach, Entrepreneur, Director of Product platform.sh
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Red Lobster Receives Court Approval of Chapter 11 Plan; Nears Exit of Bankruptcy
Under Chapter 11 plan, Red Lobster will be acquired by RL Investor Holdings LLC, an entity backed by Fortress Investment Group
Orlando, Fla, September 5, 2024 – Red Lobster Management LLC, along with its direct and indirect operating subsidiaries (“Red Lobster” or “the Company”), owner and operator of the Red Lobster® restaurant chain, today announced that the Company has received court approval of its Chapter 11 plan.
As part of the Chapter 11 plan, RL Investor Holdings LLC will acquire the Red Lobster® restaurant chain from the Company. RL Investor Holdings LLC is an entity created by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), alongside co-investors TCW Private Credit and Blue Torch. The acquisition is anticipated to close before the end of September.
On completion of the acquisition, Damola Adamolekun will become the CEO of the Red Lobster restaurant chain, and Jonathan Tibus, who has served as the Company’s CEO during the reorganization, will step down from the role and leave the Company.
“This is a great day for Red Lobster,” said Mr. Adamolekun. “With our new backers, we have a comprehensive and long-term investment plan – including a commitment of more than $60 million in new funding – that will help to reinvigorate the iconic brand while keeping the best of its history. Red Lobster has a tremendous future, and I cannot wait to get started on our plan with the Company’s more than 30,000 team members across the USA and Canada. I want to thank Jonathan Tibus and his team for their stewardship, and look forward to welcoming them as frequent Red Lobster guests.”
Red Lobster will continue to operate as an independent company, with 544 locations across 44 U.S. states and four Canadian Provinces.
Jonathan Tibus added, “I’m proud of what Red Lobster has achieved during this restructuring – the Company will emerge from Chapter 11 stronger financially and operationally, and with new backers who are resolutely focused on investment and growth. I’m incredibly grateful for the support we’ve received from our team members and diners, and from so many of our landlords and vendors throughout this process. I’m looking forward to cheering on Red Lobster as an ardent fan in the years ahead.”
About Red Lobster restaurant chain
Red Lobster is the world's largest and most-loved seafood restaurant company, headquartered in Orlando, Fla. With a proud heritage, Red Lobster is focused on serving the highest quality, freshly prepared seafood that is traceable, sustainable, and responsibly sourced. To learn more about Red Lobster, including locations and menu options, please visit http://www.redlobster.com or find us on Facebook , X , Instagram , Threads , or TikTok .
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The plan can serve as both a blueprint for day-to-day internal activities and a pitch for potential funding sources. Typically, a restaurant business plan should include: Company information. Mission and vision. Location (s) Legal structure. Hours of operation. Management structure and key personnel. Industry analysis and competitor research.
The Plan. Our restaurant business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the restaurant's operations, marketing strategy, market environment, competitors, management team, and financial forecasts. Executive Summary: Offers an overview of the restaurant's business concept, market ...
The breakout of the funding is below: Restaurant Build-Out and Design - $100,000. Kitchen supplies and equipment - $100,000. Opening inventory - $25,000. Working capital (to include 3 months of overhead expenses) - $25,000. Marketing (advertising agency) - $25,000.
A restaurant business plan is a document that outlines the various aspects of your restaurant business. It can be used to secure funding from investors or keep track of your progress as you develop your business. A business plan should include information on your target market, competition, business model, marketing strategy, and financial ...
How to Write a Restaurant Business Plan in 5 Steps. Step 1: Create a Title Page. To create a restaurant business plan, you will have to firstly open a new document in any file format such as MS Word, Google Docs, Pages, etc. Once you open the document, create a title page and mention the title as "Restaurant Business Plan".
1. Embrace scrollytelling. Use narrative scrolling to take your audience through the journey of your restaurant's concept, from the inspiration behind your dishes to the ambiance you plan to create. This dynamic presentation style keeps readers engaged, turning your business plan into an immersive experience.
Here's how to get started with your new restaurant business plan in 10 easy steps: Fill out your contact information in the form above and click "Submit.". Click the "Download" button on the next page to save the business plan document to your device. Open the document in Word, Pages, or your word processor of choice.
Milestones. Obtain necessary permits and licenses — June 1, 2023. Complete renovations and set up — August 1, 2023. Launch website and social media accounts — September 1, 2023. Open for business — October 1, 2023. Start offering catering services — January 1, 2024. Achieve consistent monthly profitability — June 1, 2024.
5. Sample "yummy" Menu. In the restaurant industry, your menu plays a main role as the core product. Include a section in your business plan that highlights key details about your menu offerings to engage readers. If you offer a diverse range of dishes, provide a brief overview of each category.
Get the most out of your business plan example. Follow these tips to quickly develop a working business plan from this sample. 1. Don't worry about finding an exact match. We have over 550 sample business plan templates. So, make sure the plan is a close match, but don't get hung up on the details. Your business is unique and will differ from ...
Restaurant Business Plan Template. Download our template and start creating your restaurant business plan. Your restaurant business plan is an outline of your future success. A well-formulated plan helps put the big picture together no matter how good your restaurant ideas are. A business plan helps prove the viability of your thoughts and can ...
4. Menu. The menu is the most important part of a restaurant's debut. Your restaurant wouldn't be able to operate without it. You most likely don't have a final draft at this time, but you should aim to create a mock-up menu for your restaurant business plan. You can choose a design that you can envision yourself using and add your logo to the mock-up.
The restaurant business plan is a crucial first step in turning an idea for a restaurant into an actual business. Without it, investors and lenders will have no way of knowing if the business is feasible or when the restaurant will become profitable. Business plans span dozens (or even hundreds) of pages, and due to the stakes that lie within ...
So, you'll want to spend a lot of time perfecting it. Your restaurant business plan executive summary should include information on: Mission statement: Your goals and objectives. General company ...
In your Executive Summary, you want to paint a picture and create a narrative for the birth of your restaurant. Get people emotionally invested in your vision. Introduce yourself and your company to your reader. Talk about your planned opening location. You can start in the opening paragraph with some abstract information but then drill down on ...
6. Management team. Write a brief overview of yourself and the team you have established so far. You want to show that your experience has provided you with the necessary skills to run a successful restaurant and act as a restaurant business owner.
Restaurant Business Plan Template. Table of Contents. Your restaurant business plan is going to be a long document. Depending on the nature of your restaurant, your business plan could be anywhere from 10 to 50 pages - so your readers will need to find sections easily. This is where a table of contents comes in. It'll look something like this:
Step 2: Create an executive summary. An executive summary should also be at the beginning of your restaurant business plan. It is an introduction and summary of your business plan. It should be next to the cover page. It is an outline of the goals and vision of your business. This is a one page or a two pages summary.
Understanding the Basics of a Restaurant Business Plan. A restaurant business plan is a detailed document that explains everything about your restaurant's business structure, including the menu, target market, financial projections, and marketing strategy. Essentially, it acts as a blueprint for your restaurant.
A free example of business plan for a fruit and vegetable store. Here, we will provide a concise and illustrative example of a business plan for a specific project. This example aims to provide an overview of the essential components of a business plan. It is important to note that this version is only a summary.
The document is a business plan outline for a coffee shop that will sell coffee drinks, beans, and retail products. It includes sections on the business description, market analysis, marketing plan, operations, competition, development timeline, and financial projections. The owners are seeking funding to open the shop within 6 months, and they believe it will be profitable within a year by ...
Investment. Of course, setting up a firm without back is impossible. "To open a small restaurant or a cafe one would need 5 million rubles ($87,160)," Vladimir Shalaev, a lawyer at BMS Law ...
A manager termination notice was issued Tuesday involving a $375 million asset-backed security sold in 2017 and backed by most of TGI Friday's revenue-generating assets, according to Kroll Bond ...
The plan works best if a crisis team can analyze the situation carefully before appointing the appropriate spokesperson to speak to the public. What is a crisis communication plan? A crisis communication plan is a document containing guidelines and procedures for communicating with clients and stakeholders when an unprecedented event occurs.
Weak alignment: You should start from the less absolute quadrants. Namely the could-have and should-have. The proposed path will help the team to build their prioritization muscle. The proposed ...
Under Chapter 11 plan, Red Lobster will be acquired by RL Investor Holdings LLC, an entity backed by Fortress Investment Group. Orlando, Fla, September 5, 2024 - Red Lobster Management LLC, along with its direct and indirect operating subsidiaries ("Red Lobster" or "the Company"), owner and operator of the Red Lobster® restaurant chain, today announced that the Company has received ...