Every business needs a plan, but in an industry as dynamic as the restaurant and hospitality industry, a plan isnt just a requirement that gets thrown in to the depths of a back office rather, it should be at the forefront of everything you do, pushing you forward from goal to goal, ensuring your business succeeds and becomes the most popular restaurant in town. Today, by linking to some of our favorite restaurant business plan resources, we aim to help drive your business forward. Whether youre about to start planning your business, or you need a formal, documented plan to present to a bank, the resources below should help you determine you goals, help analyze your competition, and ensure you move forward every day. Here are some of our favorite articles with tips and advice regarding the content of your business plan. Provided by restaurantowner.com, this incredibly detailed article starts from the very beginning, discussing who your business plan is for and why you need one. The article takes you from the first words to the finished article, and also discusses managing and protecting your plan to ensure nobody else steals your ideas. Read this article written by charmayne smith, using her extensive experience in corporate management and property/casualty insurance, this article shares a ten step approach to writing a practical business plan.

Read this article this comprehensive article provides a well detailed list of all the sections your business plan should contain in order to impress potential investors and ensure you have a plan for success. Read this article while advice in articles such as those above is often helpful, seeing actual examples of business plans will be a huge asset in helping you ensure your plan is practical and complete. With over 50 sample business plans for many different types of restaurants and hospitality businesses, this website will certainly have a template you can learn from or use as a base when writing your own plan.

Read this article starting with a company description, and finishing with financial projections, this template includes everything any potential investor could ever wish to see in a business plan. Read this article using a scenario of a 1950s themed american diner, this business plan gets to the heart of what it is really like to plan the launch of a restaurant. Including sample analysis of the restaurants competitors, to discussion of the proposed menu, this business plan serves as excellent inspiration for any buddy restaurateur. Read this article do you have a business plan for your restaurant? do you have any tips for presenting your plan to investors such as the bank? let us know in the comments below. by charmayne smith, demand media the restaurant industry comes with much competition. Restaurant image by renã© schulz from fotolia.com the restaurant business is a competitive industry with many variations. Most restaurants and food businesses have a myriad competition that ranges from very small, family owned establishments to large, franchises with many years of experience.

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The business plan not only serves as a financial tool for your restaurant or food business, it serves as an analytical tool that helps you to set your restaurant business apart from the competition. Begin the description with the name of your food establishment, its address and contact information. Include the name and contact information for each of the restaurant rsquo s owners, along with a brief description of their experience. Provide your restaurant rsquo s legal business description, such as sole proprietor or partnership. Outline your restaurant rsquo s short and long term goals, and briefly address the trends and growth patterns within your area rsquo s food industry. Categorize the employees in departments such as kitchen staff, wait staff, human resources.

Include the costs of salaries, benefits and training costs within this description. Describe the location of your restaurant, along with the furniture and equipment that the restaurant will need to run smoothly. Include items, such as coolers, fryers, refrigerators, and even water purifiers and dishwashers. Include the costs for each and identify if the items will be purchased or leased.

Finish your operations section by listing the suppliers and vendors your restaurant will use. Identify the products or services that you will purchase from these suppliers, along with the costs of each product, the suppliers rsquo contact information and details on any established contracts that you have formed. Research the food industry within your area and identify your food business rsquo target market.

Explain how your business will generate these customers and the costs for each, such as advertisements, commercials and radio ads. Identify the licensing and permit requirements for your restaurant, along with the steps that your business will take to obtain and maintain those requirements. Include prices for any additional items that might not appear on the menu, such as special sauces or branded t shirts. Complete your restaurant rsquo s marketing section by identifying your restaurant rsquo s competition.

Consider food establishment with similar foods to your restaurant, as well as all other food establishments in the area. Define your restaurant rsquo s specialties and explain how your restaurant will stand apart from the competition. Include a personal financial statement for each of the restaurant rsquo s owners, along with a balance sheet, income statement and cash flow statement for the restaurant. Briefly introduce the restaurant, its target customers and its competition, and provide a brief explanation as to how your restaurant will attract its customers and counteract its competition. Follow the business plan with an appendix of documents that support the information within the plan, such as your staffing organizational chart, tax returns and bank statements. This guide from barclays will help you create your own small business plan. you can get the to select interesting and quite impressive when you. Create a business plan today with the worlds most popular business plan software.

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