Business plan restaurant example

Document Sample
Business plan restaurant example Powered By Docstoc
					Business plan restaurant example




We've covered the basics of writing a restaurant business plan in another article, but here
are some more tips to help you really make your plan pop and create an extremely
positive impression on your partners, lenders or investors when you present it for their
inspection.

Do add an extensive appendix

You can throw everything in here you can think of- the more there is, the more you give
the impression you have been hard at work on gathering info, doing research and
generally getting things started as opposed to simply wishing it was going to happen.

You can include things like a sample menu, marketing materials, sample coupons, a
supplier list, a staff list, an equipment list, floor plans or blueprints, decorating item
photos, uniform samples, a printout of the restaurant website design, the sign design, the
restaurant logo, sample printed materials, your incorporation papers, a copy of your
health permit, and literally anything else handy.

Do recruit and list an advisory board

The more people you can attach to the project, the more considerable it looks. Try to find
people with extensive restaurant experience, business experience or preferably both. They
don't have to agree to do anything more than meet with you occasionally to review your
progress and allow you to use their names as advisors. The more the better.

Don't worry about fancy binding

It really makes no difference. This is one area that people simply don't care about. It is
what inside the cover that counts.

Do include financial projections

You can tell a great story, but sooner or later any serious investor or banker wants to talk
numbers. Not including solid and industry standard financial projections in your plan
makes it look amateur at best or like you are hiding something or simply don't know at
worst.

Do include a comprehensive list of the competition

People aren't starving to death waiting for you to open, so there must be some alternatives
to your restaurant concept. Include each one, and explain why you can out do them, or
simply co-exist with them. Not acknowledging the competition shows a kind of
arrogance and inexperience most serious money sources will shy away from.

Don't spend a lot of time on national statistics

Trends may be up or down nationally, but who cares? It is what is happening in your
neighborhood that counts. Make sure you can explain the local numbers in terms that
work in your favor.

Don't write a lot of vague, wishy washy or unsubstantiated claims

A business plan is no place to "hope things work out" and ask that "people just give me a
chance to show what I can do". This is business, and if you aren't sure you can succeed,
don't expect other people to want to invest in you. Stick to facts and avoid anything that
sounds emotional, unsure or like pleading.


http://restaurantebooks.info – You can download free ebooks about: restaurant
management forms, restaurant business plan, restaurant marketing plan sample,
restaurant startup guide…

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:214
posted:3/14/2011
language:English
pages:2
Description: Business plan restaurant example