Management Does your restaurant has good restaurant management plan? If you want to know how your restaurant is going, you got to look at your numbers. OK, you have smiling faces in your restaurant, kitchen is clean and everybody are in good movement, your waiters having good tips and they are satisfied too, but is that the real picture of your restaurant business? Why you may think you get sense of how you are doing by the atmosphere.
Franchises Sales Forecast Chop Chop Quick Service Restaurant is established with the intention of ensuring that customers get their meals faster and cheaper than they would in a traditional restaurant, whilst also maintaining a high quality.
This is as customers no longer want to wait for a very long time before they get their meals and yet still want healthy meals. Due to this trend we are optimistic that we would not only achieve our revenue milestone within eight months of operations but that we would surpass quick service restaurant business plan as well.
This means that the revenue generated will not only sustain our business but allow for re-investment purposes as well as expansion. We have therefore conducted a quick survey of the restaurant industry quick service restaurant business plan the quick service industry in order to analyze what chances we have in the industry and in order that we might come up with an accurate sales forecast.
We hired the services of a reputable sales analyst to help us carry out this survey using certain information and assumptions that were gathered from similar start-ups both here in Milwaukee — Wisconsin as well as round the whole United States of America.
Below are the results of the survey carried out on behalf of Chop Chop Quick Service Restaurant based on certain assumptions, factors and data here in Milwaukee — Wisconsin; First Fiscal Year-: The above sales projections were conducted based on certain assumptions and factors that were available in the industry and for the defined period of three years.
However, should any of these factors change, there is likely to be an increase or decrease in the stated sales projection. Marketing Strategy and Sales Strategy Marketing is a very important aspect of any business because if a business does not apply the right marketing strategy or market itself at all, it is likely to fail.
The intention of marketing is two-fold, because not only is business generated on behalf of the business thereby helping to sustain the business, publicity is also created about the business as people gain awareness of the business and its products, which then allows the business to be able to compete favorably against its competitors in the marketplace.
In order for us to be able to penetrate the market, we have conducted a thorough marketing research that would not only allow us identify our target market and understand what it is they expect from us, it is also to enable us lay the best marketing strategies that would allow us gain and have a fair share of the intended target market.
To help us draft effective marketing strategies that would allow us penetrate the market, we have hired a reputable and knowledgeable marketing consultant here in Milwaukee — Wisconsin who has a deep understanding of the market and knows what marketing strategies would help us not only excel and stand out but effectively compete against our competitors and thrive as well.
We will also ensure that our marketing and sales team are empowered to draft strategies that would align with our core principles and ideologies as a company.
Also, the marketing team will ensure that all strategies are ones that will positively communicate our brand to our customers. Our publicity and advertising strategies are developed with the intention of not only attracting the right customers to our business, or achieve our intended goals and objectives but also to boost the needed revenue that will sustain and grow our business here in Milwaukee —Wisconsin.
We intend to hire a brand consultant who understands the food industry thoroughly and who knows what strategies would project our quick service restaurant in the right light. Some of the platforms that we would therefore use to promote and advertise Chop Chop Quick Service Restaurants are; Ensure that we give our loyal customers discounts at certain periods of time Participate in and sponsor relevant programs in the local community where our restaurant is located Use social media platforms like our Instagram page, Facebook page and Twitter account to promote our foods and beverages and restaurant as a whole.
Place adverts in local newspapers, food and lifestyle magazines as well as on local radio stations here in Milwaukee — Wisconsin Ensure that we paste our fliers and distribute our handbills in strategic locations Attend events, fairs and carnivals in order to increase awareness about our quick service business Our Pricing Strategy Ensuring that we set the right prices for our different food products and services is very vital as we do not want to set prices that will chase away customers or allow us operate at a loss.
The prices set will be one that is fair to us and our customers.
Due to this, we intend to look critically at factors that would allow us set the right prices for our customers. The factors that we would consider are; ensuring that we control our overhead and operating costs, buy our ingredients in bulk, as well as check out what our nearby competitors in same environment are offering their customers.
This will allow us gain a huge share of the market as well. Even though we will be offering discounts during the first three months of business, a quick evaluation has shown that we will even make more during these periods than if we were offering regular prices.
Payment Options Due to the fact that we would be offering various services we intend to have different payment options that will ensure that customers find it easy to pay for services in our quick service restaurant depending on their preferences. Therefore, the payment options that we will offer to all our various customers; Payment via cash Payment via Point of Sale POS Machine Payment via payment online portal Payment via credit card Payment via check It should be noted that the above payment options were carefully chosen to be convenient for us and our business as well.
The payment platforms we have therefore chosen are ones that will work without any form of hitches whatsoever. Start — Up Expenditure Budget Starting this kind of business can be capital intensive and so in order for us to ensure we offer a standard service, we intend to ensure that we spend the generated capital on certain items.
The bulk of our capital therefore will be used to acquire certain equipment as well as a delivery van. We will also use part of our capital in paying the salaries of our employees and utility for at least 6 months. Our intended start-up capital covers the salaries of our employees and payment of utility bills for at most six months.
It also covers the purchase of necessary cooking equipment, leasing a facility for at least two years, as well as the purchase of a fairly used van to be able to get the intended supplies we need. She also runs the business as the Chief Executive Officer and makes the needed decisions intended to move the company forward.
Running a quick service restaurant business has always been a dream of hers and due to this, she is not seeking for external partners to run her business with. Quick Service Restaurant Business Plan — Sustainability and Expansion Strategy In order to ensure that our business is suitably sustained for a long time, we have several strategies in place that will ensure that we remain and grow in this business for a long time.
Some of the strategies that we intend to deploy is in building a solid business structure, offering quality customer service as well as re-investing in our business.
Building a solid business structure is very important to our business as this will allow us start and run our business smoothly with as less hitches as possible. We intend to hire qualified, professional and competent employees to hire the various services that we intend to run.
Our employees understand the industry that we are in and the strict regulations that abound in this industry and are therefore committed to ensuring that we offer quality service always in order for us to achieve our intended goals and objectives.
We will ensure that our employees work in an environment that is hygienic and conducive.
We will also ensure that our employees are well paid and receive the salaries and stipends that are commensurate with the efforts they put in. Our customers are very important to us and due to this we intend to ensure that they are always offered quality service in such a way that will make them always come back to our restaurants and also refer new customers as well.
We will offer our customers especially the loyal ones discounts from time to time in order to show our appreciation for their patronage.Tutoring Service Business Plan. Restaurant Business Plan. New World Delicatessen (NWD) Auto Repair Service Business Plan.
Quick and Dirty Auto Repair aims to offer high-quality auto repair services and a full range of auto parts. QDAR focuses on personalized service to its customers by offering convenience and rapid service.
Quick Service Restaurants: Taking Action on Waste The Quick Service Restaurant Sector Step 1 Step 2 Measure and monitor action plan Develop an.
In the future, we plan on establishing a marketing campaign to call on the local business in the market area, deliver samples, and encourage them to consider our restaurant as the restaurant of choice for their next business luncheon.
The executive summary page of the alphabetnyc.com sandwich restaurant sample marketing plan. Sample Quick Service Restaurant Trade Area Map Restaurant A trade area for Quick Service Restaurant is the geographic area that contains 75 to 90 percent of your customers.
According to Groupon 80 percent of disposable income is spent within 2 miles of a person’s home. Even if you are starting a catering business from home, write a business plan because it can become an important tool tomorrow as you try to expand and source for funding.
Here is a sample catering business plan template you can use for FREE.