I want to open a restaurant but need some funds to do so. I know a business plan is essential in receiving the funds so any help would be greatly appreciated! Thanks.
Will Someone Help Me Write A Business Plan For A Restaurant?
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3 Responses to “Will Someone Help Me Write A Business Plan For A Restaurant?”
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There are a number of free sample business plans on the Web. I suggest you check them out to see how to make one, and analyze the elements specific to the restaurant industry.
Here are some business plans:
Steak Buffet Restaurant Business Plan http://www.bplans.com/spv/3228/index.cfm…
Restaurant Business Plan 1 http://www.referenceforbusiness.com/busi…
Restaurant Business Plan 2 http://www.referenceforbusiness.com/busi…
According to the book “The ABC’s of Writing Winning Business Plans: How to Prepare a Business Plan That Others Will Want to Read — and Invest In” http://www.amazon.com/exec/obidos/ASIN/0… by Garrett Sutton, below are some tips to make a winning business plan that can get funding:
- Money follows management. Investors look first at the people involved in the company. If you are just starting out and don’t have relevant experience, investors expect to see that you have an experienced team of advisors and employees helping you in the business.
- Make sure you “sell” the one reason your business will become profitable.
- State clearly the strategies you will employ to get the word out about your business. Your business plan must show how you will leverage the Internet, public relations, viral marketing, and other strategies to attract customers.
- Present realistic estimates of the time, energy and costs of building a successful business. Do not underestimate or overestimate revenues. While investors know your numbers are simply guesses, they want to see that your numbers are within the “range of reality.” Be careful of your financial statements: this is one area where you can easily lose credibility if presented poorly.
- Benchmark similar companies to show that you’ve done your homework and researched the market.
- Your Executive Summary is your calling card. If it is not a winner, investors may not even read your entire plan. Emphasize your own as well as your team’s track record in the Executive Summary.
- Before sending your business plan to lenders and investors, send it out first to a few in order to get feedback. You’d want to correct your plan if someone tells you that you’re way off mark, rather than have a potential investor tell it to you and lose the chance to get the funding you need.
Basically you need a plan that has every duck in a row.
Sometimes you can get some excellent advice from the SBA before applying for loans through them.
I would sit down with an Accountant and go things with them.
Then sit down and ask yourself what you would want to know to lend you monies on this venture.
Then at the end of the business plan you come up with ask yourself if that plan will allow you t open your doors 3 -6 months from now down to the number of employees you anticipate.
Good luck I was not much help
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