How to Creates a Restaurant Plan in Google Docs
A restaurant business is a lot of work. From creating a startup floor plan to business planning, it’s exhausting. Hence, it’s not always for everyone. According to CNBC, 60% of new restaurants are unsuccessful and eventually fail within the first year. Additionally, 80% of them don’t even reach five years.
If you don’t want to be one of these unfortunate business owners, you have to plan out ahead of time. Whether it’s a fast-food restaurant, pizza house, or fine dining, preparing a restaurant plan is a necessity. Read our tips below on how you can create a feasible restaurant plan.
1. Decide the Concept of Your Restaurant
Choose what type of restaurant you have in your mind. This includes the kind of food you want to serve, the service style, and the ambiance. Deciding for your restaurant concept will be your key to branding your business.
2. Create Your Menu
When you already have your restaurant concept, you can now decide the type of food you will serve to your target market. Your menu will be your roadmap in choosing the supplies, equipment, and staff to help you out.
3. Write a Business Plan
A business plan will help you in reaching out to a potential business partner or investor who will help you in building your dream business. It can also help you in formulating your market management, marketing strategy, and funding, among others.
4. Choose a Suitable Location
There are various considerations when choosing the right location for your restaurant. These include demographic, accessibility, and competitors. The location should match the need of your target market.
5. Design a Marketing Strategy
How do you want to promote your business? This is a question you need to answer when thinking of your marketing strategy. You can use social media, blogs, websites, or printed campaign materials to entice more people.
What is a restaurant business?
A restaurant business is a type of business which involves preparing and serving food and drinks to customers. The food may be served inside the restaurant or through food deliveries and take-outs.
What is a restaurant plan?
A restaurant plan is a document that contains everything you need to do to start a restaurant business. It helps you in making crucial decisions that can make or break your business.
What should be in a restaurant business plan?
A restaurant business plan should contain the following essential parts:
1. Executive Summary
2. Company Profile
3. Market Analysis
5. Marketing Strategy
7. Financial Projections
What is a ready-made restaurant plan template?
A ready-made restaurant plan template is a document that contains suggestive layout, design, and content suitable for a restaurant plan. It’s available in different formats such as PDF, Word, Excel, and Pages for easy download.
Why is it important to have a restaurant plan?
A restaurant plan is important because it provides detailed information, analysis, and development strategy before you start to open your restaurant business.