Sample business plans and other resources 1. Executive summary The executive summary is an overview of the key points contained in your business plan and is often considered the most important section. It is usually the first section that a potential investor or lender will read, and may be the only section to be read if it is not prepared properly. This important summary should:
Therefore, it is important to know how to write a business plan for a restaurant or food business. Sample business plans are available from many online sources. 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.
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. Place the summary at the beginning of the business plan.
Summarize the plan the entire plan in no more than three pages. 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.
Company Description Develop a business description for your restaurant. Begin the description with the name of your food establishment, its address and contact information.
Organization and Management Describe the managers and employees of your restaurant. Categorize the employees in departments such as kitchen staff, wait staff, human resources. Provide clear details about the functions of each departmental manager. Include the costs of salaries, benefits and training costs within this description.
Create an organizational chart to show the flow of responsibility. Create a section that describes the operations of your restaurant.
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.
Explain the methods that your restaurant will use to control inventory. 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. Consider food establishment with similar foods to your restaurant, as well as all other food establishments in the area. Financial Projections Create the financial statements for your restaurant.
Be realistic with your projections and provide accurate information.
Appendix Section 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. Items you will need.This article is part of a series on how to write a great business plan..
The Executive Summary is a brief outline of the company's purpose and goals..
While it can be tough to fit on one or two. Although business plans vary in terms of length and scope, all successful business plans contain common elements. The plan should take into consideration your particular business and its environment. Everything you wanted to know about writing a business plan, in one place—from the executive summary to appendix.
Get started writing your business plan. It’s ideal for every entrepreneur to prepare or know how to write a business plan in Nigeria or anywhere else around the world.
Whether you’re starting a business, running a business or about to expand a business, having a business plan as a road map to follow is crucial to your success. Business plan template and example: how to write a business plan: Business planning made simple - Kindle edition by Alex Genadinik.
Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Business plan template and example: how to write a business plan: Business planning made simple.
Dec 03, · Section I - Executive Summary. 1 - Executive Summary. The Executive Summary is the most important part of your business plan. Because if it .