Business plans for Restaurant
Are you thinking of opening a new restaurant? This is indeed a great idea because the restaurant business provides a huge profit. The trend of dine-in has been immensely increased over the last decade. People are more attracted to eat in restaurants than at home.
If you want your business to be successful, you need a solid business plan for restaurant. Business plans give direction and they lead the way to success. Business plans include all the challenges that you might face in your business startup and they provide the solutions so that you can be better prepared for them.
There are many samples of restaurant business plans on the internet. If you’re looking for one, try giving OGSCapital a try! We have all kinds of business plans crafted by veterans of the field!
Where to start a restaurant business?
In the business plans of restaurants, there is detailed information about how you can start your restaurant. If you don’t know how to make one, you can search sample business plans for restaurants over the internet and re-do a free template to suit your needs.
At OGS, we provide free business plans restaurants for your convenience so that you can prepare your business plan without any problem – in just a matter of hours.
If you are wondering where and how to start a restaurant, consider the following steps:
Choose a brand and concept for the restaurant
If you are interested in opening your restaurant, the first and most important thing is to decide on a restaurant concept. This concept includes the type of restaurant you want to open, the services that you will provide and the cuisine you will serve.
There are many types of restaurants, such as;
- A ghost kitchen that offers a delivery only
- A fine dining restaurant with an expensive menu
- A low-cost restaurant in downtown with ready-to-take snacks
- And what not…. The options are endless!
Keep in mind that your restaurant brand should be specific and it should depict your mission and idea to the public.
Choose a location
Selecting an ideal location is crucial to making your restaurant run successfully. Make a research analysis of the area you want to open your restaurant. If there is already a saturation of restaurants in that area, look out for some other place.
Create a menu
It is another creative step in the process of opening a restaurant. Choose the items which are loved by everyone. The kind of menu items that you finalize for your brand will dictate the type of staff and equipment you need and the type of audience you want to attract.
Licenses and permits
To open a restaurant, you will need several state, federal and local licenses and permits. These include a business license, liquor license if you want to serve alcohol, foodservice license and employee identification license.
Hire the right staff
The hiring stage is a crucial step in opening a restaurant. Hiring the right kind of people provides the opportunity to start and run the business successfully. It makes a great work culture from the very beginning.
Make a list of all the employee positions you will be needing to run the restaurant. The staff includes the management team, bar staff, kitchen staff and front-of-house staff.
Establish a web presence
Social media platforms are common among people these days. Everyone has access to Facebook, Instagram, and Twitter. The web presence is the representation of the business on the internet. The stronger your restaurant's online presence, the more engagement, and visibility you command across social media, email, and websites.
How much does it cost to start a restaurant business
In this business plan restaurants, we will mention a rough estimate of all the expenses needed to start and run a restaurant business. There are two types of costs in a business i.e., one-time costs and recurring costs.
One-time costs are the things for which you have to spend money just once. These include the following;
Loan down payment
This cost depends on the location and size of your restaurant. The range for lease security deposit is around $2000 to $13,000.
Cost for permits/Business licenses
This cost includes the business license, compliance permits and liquor permits etc. These may range from $100 to $300.
Cooking and kitchen equipment
To start a restaurant, you will need a kitchen with all the latest equipment. This is also a one-time investment. The money needed to build your kitchen depends on the size of the setup. For a small-scale setup, you will be needing around $50,000 to set up a kitchen whereas, for a larger setup, you will be needing $150,000 or more.
Furniture and interior
This cost can also vary based on the quality and quantity you opt for. On average, you can expect an expense of around $80,000 on the interior, furniture and more.
Recurring costs include employees’ salaries, marketing and advertising, beverages and food costs, utilities and miscellaneous.
You can find out the details about the recurring costs in restaurant business plans examples. At OGS, our business plans for restaurants pdf have a detailed explanation about the financial plans.
Why hire OGS Capital Consultants?
Founded by a group of senior business experts in 2006, the main goal of OGS capital is to support small and medium-sized startups and help them to move to the next level.
From restaurant business plans template and small restaurant business plans to complete financing solutions, we help businesses achieve their objectives and goals.
Here’s why you should hire us.
We have a team of highly educated and highly trained people who are much more than just writers. They have experience in serving more than 1,000 clients and have experience working in top companies.
Fully customized document
Our experts write down each document from scratch according to the need of the client. Each document has financial tables, graphics and charts that make it easy for the client to understand. Our experts do not use any template to make the document. Instead, they write down everything from scratch.
The business plan prepared by our experts includes analysis and market research. These researches are done by globally recognized research firms.
Our experts fully understand your business so that they write a business plan according to your needs. Our team emphasizes the attractiveness and advantages of your business idea, highlighting market potential, value propositions, competitiveness and investment returns.
Get in touch for a quote today!