If youre asking people for money, theyre going to want to know exactly where, how, and why that money is being spent. The average US retail price for diesel and regular gas, which influences discretionary consumer spending on eating out, rose.1 percent and.3 percent respectively in the week ending January 16, 2012, compared to the same week in 2011. Check out our library of sample restaurant business plans to be sure you have everything in order to confidently take your first order. The Wrights will be leasing a 3,400 square foot space located at West Roads Shopping Center, an existing retail center located in Benbrook, a suburb in Fort Worth, Texas. You have delicious recipes, a killer drink menu, and even a delicious secret sauce all ready to go, but what about your business plan?
Our restaurant will provide a relaxed atmosphere and when customers walk in they will be greeted by warm smiles and greeted just as they were arriving home. The purchase of a POS system will immensely help them with these daily administrative reports: Daily Cash Control. Because of our current expertise with vendors, and our excellent credit, we can negotiate better credit terms than say someone brand new starting a restaurant. Major companies include McDonalds; YUM! Jeff Wright will run reports from the time attendance system, make necessary adjustments, and prepare for transfer to the payroll system. 3.0 Daily Operations and Production, tHR will be open 7 days a week for lunch and dinner requiring multiple shifts.
Applebees This is a chain restaurant offering standard fare. In addition, restaurants compete with home cooking. 4.1.4 Market Segments THR will appeal to a broad base of consumers in both the residential and business community. THR will offer a birthday/loyalty club proving a complimentary hamburger or chicken sandwich or wrap to the for the birthday person. 7.2 Start-Up Costs Total start up costs will be 363,000, 174,000 of which will be contributed by the owners and the remainder will be secured through a proposed bank loan. Restaurant-industry sales are projected to total 604 billion in 2011 and equal 4 percent of the.S. Also assumes additional increase in staffing (4 persons to be hired at 6 hours @.00 per hour.
For example, will you be using consultants or affiliate programs? With the addition of catering revenues, sales will increase.93 in Year 2 and.02 in Year. These are the key people that can make or break your success. Another benefit of a restaurant POS programs is that it can track everything from food usage, to the most popular menu items. This industry comprises establishments primarily engaged in providing food services to patrons who order and are served while seated (i.e., waiter/waitress services) and pay after eating. Business plans are text-heavy, so break things up with relevant images anywhere that you can. Inventory management systems track supply levels and can help reduce waste due to spoilage. Youre a professional chef in the making. Direct Mail Bulk mailing either directly to potential customers or by including a postcard in a value-pack-type mailing. Further, established in the 1970s the Hedary Restaurants customers are older than the targeted family group THR focuses.
The restaurant will employ 19 employees 860,000 -1,200,000 revenue target; Industry average for casual restaurant average of 860,000. And unlike our big chain competitors, because of our lean size, we can turn on a dime when economically pushed and make changes quickly allowing us to be proactive. Acceptable over/short amounts will be limited.00 per day. Entres range from.99. THR will be positioned as the premier traditional home-style restaurant. THRs nearest competitor, The Hedary Restaurant is located over 5 miles away from the location. The Overall Concept, this is your chance to get your readers, from potential partners and opening staff to investors, excited about your restaurant business planso excited that they want to get on board and help you out, whether. Large companies have advantages in purchasing, finance, and marketing.
How to Start a Restaurant Guide. Some handhelds can also print customer checks and process credit card payments. (Whereas our corporate competitors have to adhere more closely to their company policies thus impeding their reaction time).5 Marketing Strategy and Positioning We realize the success of THR will have to be achieved by doing more that serving great food, and providing friendly service. At THR we plan to be the premier restaurant to work for as well. We will email fliers announcing our grand opening.
Financials, like the design of your sample menu, your financials are another place where you will likely want to solicit the help of a professional accountant. The US restaurant industry includes about 480,000 restaurants with combined annual revenue of about 400 billion. Weekly Inventory: Management will conduct a weekly inventory to determine valuation for use in the preparation of weekly profit and loss reports. Background checks will be utilized for designated positions. We will also strive to develop rapport with local business as a quick, comfortable lunch choice. Computerized information systems can improve and link food preparation and serving operations. The loan is expected to be a fully amortizing 5 year term note secured by UCC filings on all furniture fixtures and equipment. 5.3 Unique Selling Proposition (USP) THR will be able to offer home-style meals for a reasonable price in a comfortable home-like setting. Because the restaurant industry is highly competitive, site selection is critical: companies may consider population density, household income, competition, visibility, accessibility, and traffic.