By writing a restaurant business plan, you accomplish two things: In structure, a restaurant business plan needs to be like most business plans, but the details need to address the specifics of your vision for a restaurant and how it fills a void in your local market. Sticking with the fine-dining example, what about your market research tells you that you'll be bringing something unique to the market. This is where you tell investors about your hours and how many employees you plan to hire.
On the Water will target both fun-seeking as well as sophisticated diners looking for good food in a fascinating atmosphere.
On the Water will seek to earn 85% gross margins through an innovative setting, a wonderful menu, and an experienced restaurateur.
On The Water is a business that envelopes fine dining of unique mediterranean taste and an excellent bar and grill atmosphere.
The mission is not only to have great tasting food, but have efficient and friendly service.
This is where you would explain to investors that you've hired a consultant who specializes in negotiating the purchasing of liquor licenses to handle that aspect of your business. At minimum, it often is a good idea to hire a professional to assist with designing a business plan.
Click here to view this full business plan On the Water is a new Mediterranean restaurant on the Sunset Strip.This provides an authentic surrounding that at times seems to distract everyone as they analyze the wealth of artifacts on display. These favorites are differentiated through the use of the freshest organic ingredients.Most people are not aware of how much better the items taste when they are prepared with the freshest ingredients and made with love.Will the population base support another fine-dining establishment? This is also a good place to mention any close ties you have to local restaurant vendors, such as food supply companies or local farms that will give you a competitive edge. Again, following the example of the owner focusing on duties as the executive chef, who else will be part of the management team? For example, will there be a single general manager who reports to you with other managers—dining room, bar, business, etc.—reporting to her? The structure you choose is less important than actually choosing a structure that works for you and making it clear to investors that you do have a plan and understand how it will function effectively.What kind of ingredients will you be using, and how will that impact your pricing? For example, a liquor license is expensive and can be difficult to obtain in some markets. Many people opening a restaurant are not always experienced business professionals, so it often is a good idea to seek out a business partner with requisite experience or to hire a consulting firm that specializes in helping new restaurants get their operations off the ground and running.As mentioned earlier, Lily started cooking 20 years ago as a child in Greece.Lily came from a large family and it quickly became her responsibility to cook for the entire family.In addition to the young adults with money to spend, On the Water will also be targeting adults and tourists known to frequent Sunset Blvd.The general demographics are males and females ages 20-50 with some or all of a college education.Many people dream of opening a restaurant and see it as an opportunity to turn a love for entertaining or cooking into a business.Unfortunately, for many restaurateurs, the reality of running a restaurant is not what they expected.