Our menu, map, and hours of operation will be easily accessed. Jeff Wright will be responsible for ordering, receiving and maintaining sufficient inventory to meet production demands. The Wrights are targeting Year 2 and at that point, a sales agent would be hired to directly market the products for daily delivery or catered functions. (Additional information regarding our employees is explained in Section.1 which follows). The location will also require some additional renovation to update the lavatories and increase table space in the dining area. Its also a good idea to include information about the people who will be running the restaurant.
Updated November 13, 2019, many people dream of opening a restaurant, seeing it as an opportunity to turn a love for entertaining or cooking into a business. How you plan to take advantage of that opportunity. Cost accounting programs help companies determine the profitability of individual menu items. 5.6.1 Sales Forecast We are expecting a conservative 5 increase in sales revenues annually over the next 3 years. Wright will rely on operational checklists to verify that each work shift has been properly prepared for and to insure the operational standards are followed before, during and after work shifts. 6.2 Management Team The restaurant will be owned by Jeff Wright. Total costs for these items are reported to be 110,500. 4.1.3 Main Competitors The following restaurants are located within a five mile radius of THR: Hedarys Restaurant This is a full service family restaurant established in 1977. Hedarys Restaurant This is a full service family restaurant established in 1977.
These customers will be the first to be contacted when they announce the grand opening of the brick and mortar restaurant. 175,000 of the start-up costs will be funded by the owners. Applebees this is a chain restaurant offering standard fare. 3.3 Suppliers Because of their years of experience combined with their existing catering business, Jeff and Betty Wright have established relationships with qualified suppliers. Jeff will write the schedules. This section of Camp Bowie is commonly referred to as fast food alley The selection of fast food is vast however; the area is limited on its family restaurant choices. THR will also remain current with current industry marketing tends.
You'll also want to include basic details like your company's legal name, business structure, ownership, and management team. Sales and receipts recorded by the POS system will be compared to actual cash and credit card deposits on a daily basis. 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. 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. Recruiting efforts will always center on referrals. It's also where you explain the benefits of your establishment for customers, such as its convenient downtown location or its proximity to the local interstate exit. Table.5.1 Pro Forma Profit and Loss.5.2 Projected Cash Flow The statement of cash flow shows the incoming and outgoing cash of the business.
Industry : Who will you be serving? (First Research).1.1 Market Size The US restaurant industry includes about 480,000 restaurants with combined annual revenue of about 400 billion. Executive Summary, this overview needs to introduce your entire business plan with a couple of key broad strokes: What niche will your restaurant fill in the local dining market, and what role will you specifically play? Payroll checks will be issued bi-monthly. The restaurant layout, including the dining room, kitchen and serving line, has been designed for efficiency and flexibility to accommodate the fluctuation in customer traffic and peak meal periods.
What makes them qualified to be the head chef of a restaurant? Also known as the products or services section, this is where you tell investors about your hours and how many employees you plan to hire. Start with the same general components of a standard business plan, then gear it specifically to the restaurant industry and your plans of succeeding in that industry. 3.0 Daily Operations and Production, tHR will be open 7 days a week for lunch and dinner requiring multiple shifts. Once the customers order is taken, the order will automatically be printed to a requisition printer located in the grill area.