Coming Up With A Killer Business Plan For Restaurant

by Rehan Shaikh Business Consultant

Every successful restaurant has so much more going for it than just the lip-smacking and innovative cuisine, excellent customer service and a warm ambience and impeccable hospitality. A lot of its success has to do with the core theme and concept that goes behind planning the restaurant and most importantly, the business plan. A solid business plan is a must for any enterprise, particularly in a customer oriented sector like hospitality. This is why coming up with the best business plan for restaurant is very important. Your business will go nowhere if you do not have a solid revenue and operational plan backing it up. This is why you should always consult experts if needed rather than going by the trial and error method which can prove to be costly, particularly if you are focusing in competitive markets like Dubai which is home to some of the world’s biggest and best restaurants.

A business plan for restaurant should contain several things. Firstly, there should be a feasibility study, i.e. the chosen location for the restaurant and how feasible the business will be in terms of attracting customers. There will be targets location-wise for attracting a set number of customers each day and most importantly, the type of restaurant has to be chosen in terms of its core concept, the time to plate for dishes and the kind of items across various price points. Operational costs should be worked out along with salaries and other payments in order to evolve an operational model that will help the restaurant run profitably and build up a capital base which will keep it surviving even in lean months.

These are some of the core aspects to be included in any business plan for restaurant. It all starts with the designing and development of the concept and menu since these are the starting points for the business above all else. Ribbon Consulting is a specialist organization, addressing the requirements of restaurants right from concepts, design, menu development, operations, feasibility and so on. A solid business plan is essential for any restaurant to thrive.

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About Rehan Shaikh Innovator   Business Consultant

11 connections, 0 recommendations, 52 honor points.
Joined APSense since, March 18th, 2016, From Dubai, United Arab Emirates.

Created on Dec 19th 2017 06:53. Viewed 491 times.


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