Writing Restaurant Business Plan is important before starting any type of food business. Have you decided to open a restaurant? Has it been something you’ve thought of doing for years and are finally in a position to make it happen? Regardless of how many friends have assured you it will be a success or how many countless hours you’ve spent coming up with the concept in your head, without properly planning for it your restaurant is doomed for failure.
That’s where a restaurant business plan comes in. Mutfakpos experienced team brings you very professional and useful business plan for restaurant owners. Restaurant business plan is the framework from which you can start to piece together everything from your restaurant management to menu design and develop your restaurant ideas into a reality.
The most important element to launching your restaurant is by far the menu. Without it your restaurant has nothing to serve. At this point you probably don’t have a final version, but for a restaurant business plan you should at least try to have a mock-up.
Add your logo to the mock-up and choose a design that you can see yourself actually using. If you are having trouble coming up with a menu design or don’t want to pay a designer, there are plenty of resources online to help.
The key element of your sample menu though should be pricing. Your prices should reflect the restaurant cost analysis you’ve done to investors. This will give them a better understanding of your restaurant’s target price point. You’ll quickly see how important menu engineering can be, even early on.
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 management team.
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.
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 similar aesthetic to what you are looking for in your restaurant.
It extends beyond aesthetics alone, and should include everything from restaurant software to kitchen equipment. Mutfakpos is an ideal restaurant POS system Software in Pakistan. For detail you may visit: www.mutfakpos.com.pk
Location you end up choosing for your restaurant should definitely be in line with your target market. At this point you might not have a precise location set aside, but you should have a few to choose from.
When describing potential locations to your investors, you want to include as much information as possible about each one and why it would be perfect for your restaurant. Mention everything from square footage, to typical demographics.
Market overview section is heavily related to the market 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 restaurants that could prove to be competition and what your strategy is to set yourself apart.
With restaurants opening left and ride nowadays, the investors are going to want to know how you will get word of your restaurant to the world. Restaurant Marketing and Publicity section should go in 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. Restaurant marketing is an important feature in writing restaurant business plan.
To make your restaurant a reality, you are going to need a lot of help. List any external companies or restaurant softwares 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 restaurant POS systems and restaurant reservation systems. There is a great importance of restaurant pos system software in a restaurant. Mutfakpos is an ideal restaurant POS software system in Pakistan.
Most important part of your restaurant business plan is the financials section, and as a result, you should make sure to hire professional help. Hiring a trained accountant will not only help you get your financial estimates in order, but also give you a realistic look into owning a restaurant.
You should have some information prepared to make this step easier on 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 food cost calculator.