Search for "business plan for restaurant bar"? If you're writing a business plan for a restaurant and bar, you've chosen a good time. The National Restaurant Association says the industry is doing well in spite of the recession, with future employment growth happening even faster in the industry than the U.S. economy as a whole. People still have to eat (and drink), right? A business plan for a restaurant and bar should talk about what will make your business stand out from the rest. With the high rate of failure for restaurants, it's vital to nail down your differences and describe and quantify your target audience. A business plan for a restaurant bar should cover these topics:
Your menu and ambiance. What type of food will you serve? Will you focus on full service, takeout, delivery, or some combination? Will you have vegetarian, gluten-free, or organic menu items?
Your market. How many people live in the area, and how much do they spend on dining out and alcohol? What's the general age range and income of your target customer?
Your marketing. How will you advertise your restaurant and bar, and what are your benchmarks for growth?
Your qualifications. Have you worked in the restaurant business or bartended before?
Your financials. How much funding does your restaurant need and how quickly will you be able to break even?
A business plan for a restaurant/bar should also sketch out your anticipated revenue for the first three to five years. If you don't know your pro forma profit-and-loss from your pinkie, MasterPlans can help. Call 877-453-2011 today for a no-obligation quote.
If you are ready to go, or not sure what kind of plan you need, fill out the form below and we'll call you.