Share 0 Shares You will agree with me that the fast food restaurant business is one of the most lucrative businesses in any country. This is because, food is a necessity and at such no one can do without it. Fast food restaurant business have become very popular in Nigeria because of the quick nature of their services and varieties in food menu. A lot of local restaurants are upgrading to become fast food restaurants by the day.
Therefore, it is important to know how to write a business plan for a restaurant or food business.
Sample business plans are available from many online sources. Most restaurants and food businesses have a myriad competition that ranges from very small, family owned establishments to large, franchises with many years of experience. The business plan not only serves as a financial tool for your restaurant or food business, it serves as an analytical tool that helps you to set your restaurant business apart from the competition.
Place the summary at the beginning of the business plan.
Summarize the plan the entire plan in no more than three pages. Briefly introduce the restaurant, its target customers and its competition, and provide a brief explanation as to how your restaurant will attract its customers and counteract its competition. Company Description Develop a business description for your restaurant.
Begin the description with the name of your food establishment, its address and contact information.
Organization and Management Describe the managers and employees of your restaurant. Categorize the employees in departments such as kitchen staff, wait staff, human resources.
Provide clear details about the functions of each departmental manager. Include the costs of salaries, benefits and training costs within this description. Create an organizational chart to show the flow of responsibility. Create a section that describes the operations of your restaurant. Describe the location of your restaurant, along with the furniture and equipment that the restaurant will need to run smoothly.
Include items, such as coolers, fryers, refrigerators, and even water purifiers and dishwashers. Include the costs for each and identify if the items will be purchased or leased. Finish your operations section by listing the suppliers and vendors your restaurant will use.
Explain the methods that your restaurant will use to control inventory. Explain how your business will generate these customers and the costs for each, such as advertisements, commercials and radio ads.
Identify the licensing and permit requirements for your restaurant, along with the steps that your business will take to obtain and maintain those requirements.
Include prices for any additional items that might not appear on the menu, such as special sauces or branded T-shirts. Consider food establishment with similar foods to your restaurant, as well as all other food establishments in the area.
Financial Projections Create the financial statements for your restaurant. Be realistic with your projections and provide accurate information.
Appendix Section Follow the business plan with an appendix of documents that support the information within the plan, such as your staffing organizational chart, tax returns and bank statements.
Items you will need.Restaurant Business Plan in Nigeria / Feasibility Study on Restaurant Business One of the basic necessities in life is and still remains FOOD, lately it has evolved from just food to having a well prepared and well served food and many people just want to walk into a restaurant .
Our Restaurant Business Plan In Nigeria has been well researched and can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Fast food Restaurant Business is a lucrative business that needs a .
Home BUSINESS PLAN FEASIBILITY STUDY Fast Food Restaurant Business Plan Sample PDF in Nigeria – Starting A Small Restaurant Business Fast Food Restaurant Business Plan Sample PDF in Nigeria – Starting A Small Restaurant Business.
Aug 02, · If your fast food restaurant is located in a place with little traffic and visibility, your business most likely will not be successful. Fast food owners usually locate their restaurants by highways, business streets and shopping centers and close to other fast food restaurants.
Feb 16, · food business in nigeria -you can’t go wrong Posted on February 16, by udeozochibuzo Food Business in Nigeria is not only a profitable venture but it cannot be affected by economic hard times. The purpose of this business plan is to raise $1,, from an investor, in the form of a convertible and redeemable note, providing a 32% compound annual return.
Nudlez is committed to the rollout of its ‘wok-fresh’ fast food business in 20XX.