Conceptualizing a well-crafted plan is an excellent idea, especially when you consider that 60 percent of restaurants fail in their first year.Plainly speaking, a business plan represents the vision of your proposed company.
The introductory part of your plan will outline clearly the mission statement you see for your restaurant.
Perhaps it is to create a culinary experience like no other.
The comfortable softly-lit bar features a comprehensive selection of the finest Vodkas, homemade Aquavits and single malt Scotches.
During the busy summer months customers can also sit outside on our patio and we will offer a special summer menu, featuring lighter fare, exotic drinks, as well as non-alcoholic offerings.
Gabri's Lounge & Restaurant will be unique to the Long Branch area.
International creative food, and a style of service that will make everyone feel welcome and special.
After giving a high-level overview, you also want to include your go-to-market strategy and a detailed financial breakdown which lists your likely capital and operational expenditure, headcount, and when you project to break even.
Let's discuss the modalities of this strategy and what a typical structure looks like.
Fortunately, some resources can point you in the right direction; we recommend starting by writing a business plan as it brings clarity to your vision.
In this article, we'll try to unearth the practical steps for writing a business plan for a new restaurant.