![sample business plan of restaurants PlanBuildr Logo](https://planbuildr.com/wp-content/uploads/2020/01/PlanBuildr-Logo-1.png)
![](http://writinghelp.online/777/templates/cheerup/res/banner1.gif)
Restaurant Business Plan Template
Written by Dave Lavinsky
Restaurant Business Plan
You’ve come to the right place to create a successful restaurant business plan.
We have helped over 100,000 entrepreneurs and business owners with how to write a restaurant business plan to help them start or grow their restaurants.
What is a Restaurant Business Plan?
A restaurant business plan is a plan to start and/or grow your restaurant business. Among other things, it outlines your business concept, identifies your target market, presents your marketing plan and details your financial projections.
What are the Main Types of Restaurants?
There are many types of restaurant businesses which vary based on their service style. Restaurants can range in type from fast food, fast casual, moderate casual, fine dining, and bar and restaurant types.
Restaurants also come in a variety of different ethnic or themed categories, such as Mexican restaurants, Asian restaurants, American, etc. Some restaurants also go mobile and have food trucks.
How Do You Get Funding for Your Restaurant Business Plan?
Restaurant businesses are most likely to receive funding from banks or independent restaurant investors. Typically you will find a local bank and present your restaurant business plan to them. Most independent restaurant investors are in the restaurant business already and can be a valuable resource for advice and help with your business plan.
Another option for a restaurant business is to obtain a small business loan. SBA loans are a popular option as they offer longer loan terms with lower interest rates.
Sample Business Plan for a Restaurant Owner
Below is a business plan example to help you create each section of a comprehensive restaurant business plan.
Executive Summary
Business overview.
Bluehorn Restaurant & Steakhouse is a new restaurant and steakhouse located in Oklahoma City, Oklahoma. The menu of Bluehorn Restaurant & Steakhouse will include bistro-type dishes that are authentically created and crafted by acclaimed Chef Peter Logan. It will be located in the trendy part of town, known as the Plaza District. The restaurant will be surrounded by classy art galleries, live theater, high-end restaurants and bars, and expensive shopping.
Owned by emerging restaurant operators Chef Peter Logan and Anastasia Gillette, Bluehorn Restaurant & Steakhouse’s mission is to become Oklahoma City’s best, new business for patrons to celebrate their next big event, have a nice date night, or gather with friends or family for a fun evening while dining over finely crafted entrees, desserts, and cocktails.
Products Served
The following are the menu items to be offered by Bluehorn Restaurant & Steakhouse:
- Soups & Salads
- Gourmet sides
- Wine, Beer & Spirits
A sample menu can be found in the Appendix of this business plan.
Customer Focus
Bluehorn Restaurant & Steakhouse will target adult men and women between the ages of 21 – 65 with disposable income in Oklahoma City, Oklahoma. Within this demographic are millennials, young professionals, newlyweds, young families, more established families, and retirees. Because of the pricing structure of the menu, the patrons will likely be upper middle class to the wealthy population of Oklahoma City.
Management Team
Bluehorn Restaurant & Steakhouse is owned and operated by fellow Oklahoma City natives and culinary enthusiasts, Chef Peter Logan and Anastasia Gillette. Both come with a unique skill set and complement each other perfectly. They formerly worked together at another OKC fine dining establishment and made a great team for serving guests delectable food and wine while ensuring the highest level of customer service.
Chef Peter will manage the kitchen operations of Bluehorn Restaurant & Steakhouse, while Anastasia will oversee front of the house operations, maintain and ensure customer service, and manage all reservations.
Financial Highlights
Bluehorn Restaurant & Steakhouse is seeking $300,000 in debt financing to open its start-up restaurant. The funding will be dedicated for the build-out and restaurant design, kitchen, bar and lounge, as well as cooking supplies and equipment, working capital, three months worth of payroll expenses and opening inventory. The breakout of the funding is below:
- Restaurant Build-Out and Design – $100,000
- Kitchen supplies and equipment – $100,000
- Opening inventory – $25,000
- Working capital (to include 3 months of overhead expenses) – $25,000
- Marketing (advertising agency) – $25,000
- Accounting firm (3 months worth and establishment/permitting of business) – $25,000
![sample business plan of restaurants financial projections for Bluehorn Restaurant](https://planbuildr.com/wp-content/uploads/2021/06/Restaurant-financials-740x532.png)
Company Overview
Bluehorn Restaurant & Steakhouse is a new restaurant and steakhouse located in Oklahoma City, Oklahoma. Bluehorn Restaurant & Steakhouse will serve a wide variety of dishes and beverages and will cater to the upper middle class to wealthier population of Oklahoma City. The menu of Bluehorn Restaurant & Steakhouse will include bistro-type dishes that are authentically created and crafted by acclaimed Chef Peter Logan. It will be located in the trendy part of town, known as the Plaza District. The Plaza District is one of Oklahoma’s trendy neighborhoods and is considered the “it” area for newlyweds, millennials, professionals, and young singles. The restaurant will be surrounded by classy art galleries, live theater, high-end restaurants and bars, and expensive shopping.
Owned by emerging restaurant operators Chef Peter Logan and Anastasia Gillette, the restaurant’s mission statement is to become the best new steak restaurant in OKC. The following are the types of menu items Bluehorn Restaurant & Steakhouse will serve- shareables, steaks, soups, gourmet sides and salads.
Bluehorn Restaurant & Steakhouse History
Bluehorn Restaurant & Steakhouse is owned by two Oklahoma City natives, Chef Peter Logan and Anastasia Gillette. They have both worked around the country in fine dining establishments and have a combined twenty years in the restaurant industry. Upon working alongside each other at another fine dining establishment in Oklahoma City, the two of them became good friends and decided to venture into owning their own restaurant.
Chef Peter is the kitchen guru and critically acclaimed chef, while Anastasia manages the front of the house and is a certified Sommelier. Together, with both of their expertise and knowledge, Bluehorn Restaurant & Steakhouse is destined to become Oklahoma City’s next big restaurant.
Industry Analysis
The restaurant industry is expected to grow to over $220 billion in the next five years.
Consumer spending is projected to grow. The Consumer Confidence Index, a leading indicator of spending patterns, is expected to also grow strongly, which will boost industry growth over the next five years. The growth in consumer confidence also suggests that more consumers may opt to segment their disposable income to eating outside the home.
Additionally, an increase in the number of households earning more than $100,000 annually further contributes to the industry growth, supporting industry operators that offer more niche, higher-end products. This group is expected to continue to grow in size over the next five years.
The urban population represents a large market for the industry. Specifically, time-strapped individuals living in urban areas will likely frequent industry establishments to save time on cooking. The urban population is expected to increase, representing a potential opportunity for the industry.
Customer Analysis
Demographic profile of target market.
Bluehorn Restaurant & Steakhouse will target adult men and women between the ages of 21 – 65 with disposable income in Oklahoma City, Oklahoma. Within this demographic are millennials, young professionals, newlyweds, young families, more established families, and retirees. Because of the pricing structure of the menu, the patrons will likely be upper middle class to the wealthy population of Oklahoma City.
Customer Segmentation
The target audience for Bluehorn Restaurant & Steakhouse will primarily include the following customer profile:
- Upper middle class to wealthier population
- Millennials
- Young professionals
- Households with an average income of at least $75k
- Foodies and culture enthusiasts
Competitive Analysis
Direct and indirect competitors.
Bluehorn Restaurant & Steakhouse will be competing with other restaurants in Oklahoma City. A profile of each of our direct competitors is below.
Located in the trendy area known as the Plaza District, The Press has reimagined our favorite foods of the surrounding regions through the lens of home.
The menu consists of appetizers, soups, burgers and sandwiches, bowls, main dishes, sides, desserts, and a large selection of alcoholic beverages. The Press serves craft beer, domestic beer, wine spritzers, house cocktails, wine, and mimosas. They also offer brunch. The menu of The Press is affordable with the most expensive dish being $16. The wine menu is also not pretentious as the wine is sold either by the glass or bottle, with the most expensive bottle being $52 for the Gruet Sparkling Brut Rose.
Oak & Ore
Oak & Ore is a craft beer and restaurant in OKC’s Plaza District. They have a 36-tap beer selection and offer vegetarian, vegan, and gluten free dining options. Oak & Ore offers a rotating, 36-tap selection of their favorite brews from Oklahoma and around the world. Each beer is thoughtfully paired with a craft beer-inspired restaurant experience.
The food menu of Oak & Ore offers starters, salads, wings, fried chicken, sandwiches, tacos, banh mi, and sides. They also have a selection of kids dishes so the whole family can enjoy comfort food while sampling one of their delectable beers.
The Mule OKC
The Mule is a casual, hip restaurant offering a large beer and cocktail menu plus sandwiches and more. Located in the constantly growing and buzzing hub that is the Plaza District, The Mule takes the timeless favorite and contorts it into a whole menu of wild offerings.
There is also a fantastic assortment of soups offered and The Mule shakes up a seasonal list of cocktails designed by their bar staff. During the winter months, patrons can stave off the cold with their versions of hot toddies and buttered rum. For the beer drinkers, they always have a reliable line-up of fresh cold brews on draft, as well as a wide selection of can.
Competitive Advantage
Bluehorn Restaurant & Steakhouse offers several advantages over its competition. Those advantages are:
- Gourmet dishes elegantly prepared to the finest standard.
- Selection of steaks sourced from local Oklahoma farms.
- An exclusive and unique wine menu that includes a wine selection of all price points.
- Highly sought after location: Bluehorn Restaurant & Steakhouse will be located in the trendy and attractive neighborhood known as The Plaza District.
- Trendy, welcoming, and energetic ambiance that will be perfect for a night out or a celebration.
Marketing Plan
Promotions strategy.
The marketing strategy for Bluehorn Restaurant & Steakhouse is as follows:
Bluehorn Restaurant & Steakhouse’s location is a promotions strategy in itself. The Plaza District is a destination spot for locals, tourists, and anyone looking for the trendiest food fare in Oklahoma City. The Plaza District is home to OKC’s most popular bars and restaurants, art galleries, theaters, and boutique shopping. The millennials, young professionals, and foodies will frequent Bluehorn Restaurant & Steakhouse for the location itself.
Social Media
Bluehorn Restaurant & Steakhouse will use social media to cater to the millennials and Oklahoma City residents. Chef Peter and Anastasia plan to hire an advertising agency to take professional photographs of the menu items and location to create appealing posts to reach a greater audience. The posts will include pictures of the menu items, as well as upcoming featured options.
SEO Website Marketing
Bluehorn Restaurant & Steakhouse plans to invest funds into maintaining a strong SEO presence on search engines like Google and Bing. When a person types in “local fine dining restaurant” or “Oklahoma City restaurant”, Bluehorn Restaurant & Steakhouse will appear in the top three choices. The website will include the full menu, location, hours, and lots of pictures of the food, drinks, and steaks.
Third Party Delivery Sites
Bluehorn Restaurant & Steakhouse will maintain a presence on sites like GrubHub, Uber Eats, Doordash, and Postmates so that people looking for local food to be delivered will see Bluehorn Restaurant & Steakhouse listed near the top.
Operations Plan
Operation functions:.
The company will hire the following:
- 4 sous chefs
- 2 bartenders
- 2 hostesses
- The company will hire an advertising agency and an accounting firm
Milestones:
Bluehorn Restaurant & Steakhouse aims to open in the next 6 months. The following are the milestones needed in order to obtain this goal.
7/1/202X – Execute lease for prime location in the Plaza District.
7/2/202X – Begin construction of restaurant build-out.
7/10/202X – Finalize menu.
7/17/202X – Hire advertising company to begin developing marketing efforts.
8/15/202X – Start of marketing campaign
8/22/202X – Final walk-thru of completed restaurant build-out.
8/25/202X – Hire the entire team of sous chefs, servers, and bussers.
9/1/202X – Decoration and set up of restaurant.
9/15/202X – Grand Opening of Bluehorn Restaurant & Steakhouse
Bluehorn Restaurant & Steakhouse will be owned and operated by Chef Peter Logan and Anastasia Gillette. Each will have a 50% ownership stake in the restaurant.
Chef Peter Logan, Co-Owner
Chef Peter Logan is an Oklahoma City native and has been in the restaurant industry for over ten years. He was trained in a prestigious Le Cordon Bleu Culinary Academy in San Francisco and has worked in some of the nation’s most prestigious fine dining restaurants. His tenure has took him from the west coast to the east coast, and now he’s back doing what he loves in his hometown of Oklahoma City.
Chef Peter will manage the kitchen operations of Bluehorn Restaurant & Steakhouse. He will train and oversee the sous chefs, manage inventory, place food inventory orders, deal with the local food vendors, and ensure the highest customer satisfaction with the food.
Anastasia Gillette, Co-Owner
Anastasia Gillette was born and raised in Oklahoma City and has garnered over ten years in the industry as well. While in college, Anastasia worked as a hostess at one of the area’s most prestigious restaurant establishments. While there, she was eventually promoted to Front of the House Manager where she oversaw the hostesses, servers, bussers, bartenders, and reservations. Her passion always led to the beverage portion of the restaurant so she obtained her Sommelier certificate in 2019. With her wine education, Anastasia is able to cultivate an interesting and elegant wine selection for the restaurant.
Anastasia will oversee front of the house operations, maintain and ensure customer service, and manage all reservations. She will also be in charge of the bar and wine ordering, training of front of the house staff, and will manage the restaurant’s social media accounts once they are set up.
Financial Plan
Key revenue & costs.
The revenue drivers for Bluehorn Restaurant & Steakhouse will come from the food and drink menu items being offered daily.
The cost drivers will be the ingredients and products needed to make the menu items as well as the cooking materials. A significant cost driver is the fine dining equipment, serving dishes, and beer and wine glasses. Other cost drivers will be the overhead expenses of payroll for the employees, accounting firm, and cost of the advertising agency.
Funding Requirements and Use of Funds
Bluehorn Restaurant & Steakhouse is seeking $300,000 in debt financing to open its start-up restaurant. The breakout of the funding is below:
Financial Projections
Income statement.
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
Revenues | ||||||
Total Revenues | $360,000 | $793,728 | $875,006 | $964,606 | $1,063,382 | |
Expenses & Costs | ||||||
Cost of goods sold | $64,800 | $142,871 | $157,501 | $173,629 | $191,409 | |
Lease | $50,000 | $51,250 | $52,531 | $53,845 | $55,191 | |
Marketing | $10,000 | $8,000 | $8,000 | $8,000 | $8,000 | |
Salaries | $157,015 | $214,030 | $235,968 | $247,766 | $260,155 | |
Initial expenditure | $10,000 | $0 | $0 | $0 | $0 | |
Total Expenses & Costs | $291,815 | $416,151 | $454,000 | $483,240 | $514,754 | |
EBITDA | $68,185 | $377,577 | $421,005 | $481,366 | $548,628 | |
Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
EBIT | $41,025 | $350,417 | $393,845 | $454,206 | $521,468 | |
Interest | $23,462 | $20,529 | $17,596 | $14,664 | $11,731 | |
PRETAX INCOME | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
Income Tax Expense | $6,147 | $115,461 | $131,687 | $153,840 | $178,408 | |
NET INCOME | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 |
Balance Sheet
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 | |
Accounts receivable | $0 | $0 | $0 | $0 | $0 | |
Inventory | $30,000 | $33,072 | $36,459 | $40,192 | $44,308 | |
Total Current Assets | $184,257 | $381,832 | $609,654 | $878,742 | $1,193,594 | |
Fixed assets | $180,950 | $180,950 | $180,950 | $180,950 | $180,950 | |
Depreciation | $27,160 | $54,320 | $81,480 | $108,640 | $135,800 | |
Net fixed assets | $153,790 | $126,630 | $99,470 | $72,310 | $45,150 | |
TOTAL ASSETS | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 | |
LIABILITIES & EQUITY | ||||||
Debt | $315,831 | $270,713 | $225,594 | $180,475 | $135,356 | |
Accounts payable | $10,800 | $11,906 | $13,125 | $14,469 | $15,951 | |
Total Liability | $326,631 | $282,618 | $238,719 | $194,944 | $151,307 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
Total Equity | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
TOTAL LIABILITIES & EQUITY | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 |
Cash Flow Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 | |
Change in working capital | ($19,200) | ($1,966) | ($2,167) | ($2,389) | ($2,634) | |
Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
Net Cash Flow from Operations | $19,376 | $239,621 | $269,554 | $310,473 | $355,855 | |
CASH FLOW FROM INVESTMENTS | ||||||
Investment | ($180,950) | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($180,950) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from equity | $0 | $0 | $0 | $0 | $0 | |
Cash from debt | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
Net Cash Flow from Financing | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
Net Cash Flow | $154,257 | $194,502 | $224,436 | $265,355 | $310,736 | |
Cash at Beginning of Period | $0 | $154,257 | $348,760 | $573,195 | $838,550 | |
Cash at End of Period | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 |
You can download our free restaurant business plan template PDF . This restaurant business plan template can be used to create a finalized business plan for your restaurant concept.
![sample business plan of restaurants SharpSheets](https://sharpsheets.io/wp-content/uploads/2024/08/cropped-android-chrome-512x512-1.png)
Expert business plan and financial models
![sample business plan of restaurants SharpSheets](https://sharpsheets.io/wp-content/uploads/2022/12/cropped-android-chrome-512x512-1.png.webp)
Restaurant Business Plan Template & PDF Example
![sample business plan of restaurants Avatar photo](https://sharpsheets.io/wp-content/uploads/2022/12/cropped-RemiPic-70x70.jpeg)
- September 4, 2024
- Business Plan
![sample business plan of restaurants the business plan template for a restaurant](https://sharpsheets.io/wp-content/uploads/2023/10/Business-Plan_Restaurant_COVER.png.webp)
Creating a comprehensive business plan is crucial for launching and running a successful restaurant. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your restaurant’s identity, navigate the competitive market, and secure funding for growth.
This article not only breaks down the critical components of a restaurant business plan, but also provides an example of a business plan to help you craft your own.
Whether you’re an experienced entrepreneur or new to the food and beverage industry, this guide, complete with a business plan example, lays the groundwork for turning your restaurant concept into reality. Let’s dive in!
Our restaurant business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the restaurant’s operations, marketing strategy, market environment, competitors, management team, and financial forecasts.
- Executive Summary : Offers an overview of the restaurant’s business concept, market analysis , management, and financial strategy.
- Restaurant & Location: Describes the restaurant’s prime location, size, seating capacity, and distinctive design, emphasizing its appeal to the target demographic.
- Supply & Operations: Outlines the supply chain management, focusing on local sourcing and quality ingredients, and details the operational aspects, including kitchen layout, equipment, and front-of-house operations.
- Key Stats: Shares industry size , growth trends, and relevant statistics for the full-service restaurant market.
- Key Trends: Highlights recent trends affecting the restaurant sector, such as health-conscious dining, sustainability, and technology integration.
- Key Competitors: Analyzes the main competitors in the vicinity, showcasing the restaurant’s unique selling proposition in comparison.
- SWOT : Strengths, weaknesses, opportunities, and threats analysis.
- Marketing Plan : Strategies for promoting the restaurant to maximize visibility and customer engagement.
- Timeline : Key milestones and objectives from the initial setup through the launch and operational optimization.
- Management: Information on who manages the restaurant and their roles.
- Financial Plan: Projects the restaurant’s financial performance, including revenue, profits, and expected expenses, aiming for profitability and sustainable growth.
![sample business plan of restaurants](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-1024x576.png.webp)
Restaurant Business Plan
![sample business plan of restaurants](https://sharpsheets.io/wp-content/uploads/2023/10/powerpoint.png.webp)
Fully editable 30+ slides Powerpoint presentation business plan template.
Download an expert-built 30+ slides Powerpoint business plan template
Executive Summary
The Executive Summary introduces your restaurant’s business plan, offering a concise overview of your establishment and its offerings. It should detail your market positioning, the variety of cuisines and dining experiences you offer, its location, size, and an outline of day-to-day operations.
This section should also explore how your restaurant will integrate into the local market, including the number of direct competitors within the area, identifying who they are, along with your restaurant’s unique selling points that differentiate it from these competitors.
Furthermore, you should include information about the management and co-founding team, detailing their roles and contributions to the restaurant’s success. Additionally, a summary of your financial projections, including revenue and profits over the next five years, should be presented here to provide a clear picture of your restaurant’s financial plan.
Restaurant Business Plan Executive Summary Example
![sample business plan of restaurants Restaurant Business Plan executive summary1](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Executive-summary-1-1024x576.png.webp)
Business Overview
The business overview should detail the restaurant’s specific features, such as its seating capacity, ambiance, and supply chain practices. It’s important to emphasize how the restaurant caters to its target demographic through its strategic location and operational model.
Example: “[Your Restaurant Name],” located in [specific area or neighborhood], covers [total square footage] sq ft and includes a main dining area, bar, and outdoor patio, offering a total of [number of seats] seats. The restaurant’s commitment to quality is reflected in its locally sourced produce and sustainable supply chain practices, catering to a diverse clientele.
Market Overview
This section involves analyzing the size, growth, and trends of the full-service restaurant market. It should address the industry’s digital transformation, health-conscious dining preferences, and eco-friendly practices, positioning the restaurant within the broader market context.
Example: “[Your Restaurant Name]” enters a U.S. full-service restaurant market valued at $293 billion. The restaurant’s focus on technology, healthier menu options, and sustainability aligns well with current market trends and consumer preferences, setting it apart from six main competitors in the area.
Management Team
Detailing the management team’s background and expertise is crucial. This section should highlight how their experience in culinary arts and restaurant management contributes to the success of the restaurant.
Example: The Executive Chef and Co-Owner of “[Your Restaurant Name]” leads menu development and kitchen operations, ensuring high-quality food preparation and presentation. The General Manager and Co-Owner manages daily operations, staff, customer service, and financial aspects, ensuring a seamless dining experience.
Financial Plan
This section should outline the restaurant’s financial goals and projections, including revenue targets and profit margins, providing a clear picture of its financial aspirations and health.
Example: “[Your Restaurant Name]” aims to achieve $2.7 million in annual revenue with an 11% EBITDA margin by 2028. This financial goal is supported by a focus on quality dining experiences, strategic marketing, and operational efficiency, positioning the restaurant for growth in the competitive full-service restaurant market.
For a Restaurant, the Business Overview section can be concisely divided into 2 main slides:
Restaurant & Location
Briefly describe the restaurant’s physical environment, emphasizing its design, ambiance, and the overall dining experience it offers to guests. Mention the restaurant’s location, highlighting its accessibility and the convenience it offers to diners, such as proximity to entertainment venues or ease of parking. Explain why this location is advantageous in attracting your target clientele.
Supply & Operations
Detail the range of cuisines and dishes offered, from appetizers and main courses to desserts and specialty beverages. Outline your sourcing strategy, ensuring it reflects a commitment to quality and sustainability, and matches the market you’re targeting.
Highlight any unique culinary techniques, exclusive ingredients, or innovative kitchen technologies that set your restaurant apart. Discuss your operational strategies, including inventory management, supplier relationships, and kitchen workflow, to ensure efficiency and consistency in delivering exceptional dining experiences.
![sample business plan of restaurants Business Plan_Pizzeria restaurant](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Pizzeria-restaurant-1024x576.jpg.webp)
Industry size & growth
In the Market Overview of your restaurant business plan, start by examining the size of the restaurant industry and its growth potential. This analysis is crucial for understanding the market’s scope and identifying expansion opportunities.
Key market trends
Proceed to discuss recent market trends , such as the increasing consumer interest in farm-to-table dining, ethnic cuisines, and experiential dining experiences.
For example, highlight the demand for restaurants that offer unique cultural dishes, the growing popularity of health-conscious and dietary-specific menus, and the integration of technology in enhancing the dining experience.
Competitive Landscape
A competitive analysis is not just a tool for gauging the position of your restaurant in the market and its key competitors; it’s also a fundamental component of your business plan.
This analysis helps in identifying your restaurant’s unique selling points, essential for differentiating your business in a competitive market.
In addition, competitive analysis is integral in laying a solid foundation for your business plan. By examining various operational aspects of your competitors, you gain valuable information that ensures your business plan is robust, informed, and tailored to succeed in the current market environment.
Identifying Competitors in the Restaurant Industry
To comprehensively understand the competitive landscape, start by identifying both direct and indirect competitors in your area. Direct competitors are restaurants offering similar cuisines or targeting a comparable customer base. For instance, if your restaurant specializes in authentic Mexican cuisine, other nearby Mexican restaurants are direct competitors. Indirect competitors may include food trucks, cafes, or even fast-casual eateries offering diverse menus that overlap with your offerings.
Leverage digital tools like Google Maps, Yelp, or food delivery apps to map out the locations of your competitors. Reviews and ratings on platforms like TripAdvisor and social media can offer valuable insights into competitors’ strengths and weaknesses . Positive reviews highlighting exceptional service or a unique dining experience at a competitor’s restaurant can signify an area of focus for differentiation and improvement.
![sample business plan of restaurants Restaurant Business Plan key competitors](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Key-competitors-1024x576.png.webp)
Restaurant Competitors’ Strategies
To conduct a comprehensive analysis, delve into various aspects of your competitors’ operations:
- Menu Offerings: Assess the breadth and uniqueness of dishes offered by competitors. Take note if any local restaurants are gaining traction by focusing on farm-to-table ingredients, regional specialties, or offering innovative fusion cuisines, as these aspects often indicate emerging market trends .
- Service and Ambiance: Evaluate the overall customer experience. Identify if there’s a competitor renowned for its fine dining experience, another known for its trendy and vibrant atmosphere, or one that excels in providing a casual, family-friendly environment. These elements significantly contribute to a restaurant’s success and differentiation.
- Pricing and Positioning: Compare pricing strategies . Determine whether competitors are positioned as budget-friendly eateries or if they adopt a more upscale approach with premium pricing, highlighting gourmet ingredients, or exclusive dining experiences.
- Marketing Channels : Analyze how competitors market their restaurants. Do they leverage social media platforms for promotions, engage in collaborations with local influencers, or host special events or themed nights? Understanding their marketing tactics provides insights into effective promotional strategies that resonate with the target audience .
- Operational Efficiency: Observe if competitors have adopted technological advancements such as online reservations, mobile apps for ordering, or contactless payment systems. These innovations not only streamline operations but also contribute to an enhanced customer experience.
What’s Your Restaurant’s Value Proposition?
Reflect on what uniquely distinguishes your restaurant from the competition. It could be your innovative fusion of cuisines, a strong emphasis on locally sourced and sustainable ingredients, or perhaps a distinctive ambiance that reflects a particular cultural theme or historical narrative.
Listen attentively to customer feedback and observe emerging industry trends to identify gaps or unmet demands in the market. For instance, if there’s a growing interest in plant-based dining experiences and competitors have not tapped into this niche, it could present an opportunity for your restaurant to cater to this demand and stand out.
Consider how your restaurant’s location influences your strategy. A downtown location might warrant a focus on quick service and catering to office lunch crowds, while a suburban setting could embrace a more relaxed, family-friendly dining environment.
![sample business plan of restaurants Restaurant Business Plan strategy](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Strategy-1024x576.png.webp)
First, conduct a SWOT analysis for the restaurant , highlighting Strengths (such as a unique menu and exceptional customer service), Weaknesses (including potential high operational costs or strong competition in the area), Opportunities (for example, a growing interest in diverse cuisines and healthy eating), and Threats (such as economic downturns that may decrease consumer spending on dining out).
![sample business plan of restaurants Restaurant Business Plan SWOT](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-SWOT-1024x576.png.webp)
Marketing Plan
Next, develop a marketing strategy that outlines how to attract and retain customers through targeted advertising, promotional discounts, an engaging social media presence, food blogger outreach, and community involvement, such as local events or charity sponsorships.
Marketing Channels
Utilize various marketing channels to engage with your audience and attract new patrons.
Digital Marketing
- Social Media: Utilize social media platforms such as Instagram, Facebook, Twitter, and TikTok to showcase your restaurant’s ambiance, signature dishes, behind-the-scenes glimpses, chef profiles, and customer testimonials. Regularly engage with your audience by responding to comments, hosting interactive polls, or sharing user-generated content.
- Email Marketing: I mplement an email marketing strategy to build a loyal customer base. Offer incentives such as exclusive recipes, promotional offers, or early access to special events in exchange for subscribing to your newsletter. Regularly communicate with your subscribers, sharing updates, promotions, and stories that resonate with your brand.
- Website and SEO: Maintain an informative website showcasing your menu , chef profiles, reservation options, and reviews. Optimize it for local SEO to ensure visibility in searches related to your cuisine and location.
Local Advertising
- Printed Materials: Distribute well-designed flyers in nearby neighborhoods, advertise in local magazines, and collaborate with tourism centers or hotels for exposure.
- Community Engagement: Sponsor local events, collaborate with food bloggers or influencers, and participate in food festivals or charity events to increase brand visibility and community involvement.
- Partnerships: Forge partnerships with complementary businesses (such as wine shops or local farmers’ markets) for cross-promotions or collaborative events.
Promotional Activities
Engage potential customers through enticing offers and events.
- Special Offers: Launch promotions like ‘Chef’s Tasting Menu Nights’ or ‘Happy Hour Discounts’ to attract new diners and retain regulars.
- Loyalty Programs: Implement a loyalty system offering rewards for frequent visits or referrals, such as a free appetizer or dessert after a certain number of visits.
- Events and Special Occasions: Host themed nights, seasonal menus, or exclusive culinary events to create buzz and attract diverse audiences.
![sample business plan of restaurants Restaurant Business Plan marketing plan](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Marketing-plan-1024x576.png.webp)
Sales Channels
Efficiently manage sales channels to maximize revenue and customer satisfaction.
In-Restaurant Upselling
- Menu Strategies: Highlight premium dishes or chef’s specials, offer wine pairings or dessert suggestions, and train staff to upsell without being pushy.
- Merchandising: Display branded merchandise, specialty sauces, or cookbooks for sale to complement the dining experience.
Online Ordering and Delivery
- Online Ordering Platform: I mplement an easy-to-use online ordering system for takeout or delivery orders. Offer exclusive online discounts or bundle deals.
- Delivery Partnerships: Collaborate with food delivery services or establish in-house delivery for customers’ convenience.
Reservation Management
- Reservation System: Utilize an efficient reservation platform to manage bookings. Offer incentives for off-peak reservations or special occasions.
Membership and VIP Programs
Developing membership and VIP programs can cultivate a loyal customer base and drive recurring revenue:
- VIP Memberships: Create exclusive membership tiers offering perks like priority reservations, chef’s table access, or private event invitations.
- Reward Programs: Develop a digital loyalty system where customers earn points for every dollar spent, redeemable for discounts, exclusive menu items, or special events.
Strategy Timeline
Finally, create a detailed timeline that outlines critical milestones for the restaurant’s opening, marketing campaigns, customer base growth, and expansion objectives, ensuring the business moves forward with clear direction and purpose.
![sample business plan of restaurants Business Plan Gym Timeline](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Gym-Timeline-1024x576.jpg.webp)
The management section focuses on the restaurant’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the restaurant towards its financial and operational goals.
For your restaurant business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.
![sample business plan of restaurants Restaurant Business Plan management1](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Management-1024x576.png.webp)
The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your restaurant’s approach to securing funding, managing cash flow, and achieving breakeven.
This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.
For your restaurant business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).
Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds
![sample business plan of restaurants Restaurant Business Plan financial plan1](https://sharpsheets.io/wp-content/uploads/2024/02/Business-Plan_Restaurant-Financial-plan-1024x576.png.webp)
Related Posts
![sample business plan of restaurants the business plan template for a steakhouse](https://sharpsheets.io/wp-content/uploads/2023/11/Business-Plan_Steakhouse_COVER-300x204.png.webp)
Steakhouse Business Plan Template & PDF Example
![sample business plan of restaurants Avatar photo](https://sharpsheets.io/wp-content/uploads/2022/12/cropped-RemiPic-50x50.jpeg)
Bubble Tea Business Plan Template & PDF Example
![sample business plan of restaurants The business plan template of a bar](https://sharpsheets.io/wp-content/uploads/2023/10/Business-Plan_Bar_COVER-300x204.png.webp)
Bar Business Plan Template & PDF Example
Privacy overview.
Cookie | Duration | Description |
---|---|---|
BIGipServerwww_ou_edu_cms_servers | session | This cookie is associated with a computer network load balancer by the website host to ensure requests are routed to the correct endpoint and required sessions are managed. |
cookielawinfo-checkbox-advertisement | 1 year | Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . |
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
CookieLawInfoConsent | 1 year | Records the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie. |
elementor | never | This cookie is used by the website's WordPress theme. It allows the website owner to implement or change the website's content in real-time. |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Cookie | Duration | Description |
---|---|---|
__cf_bm | 30 minutes | This cookie, set by Cloudflare, is used to support Cloudflare Bot Management. |
language | session | This cookie is used to store the language preference of the user. |
Cookie | Duration | Description |
---|---|---|
_ga | 2 years | The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. |
_ga_QP2X5FY328 | 2 years | This cookie is installed by Google Analytics. |
_gat_UA-189374473-1 | 1 minute | A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to. |
_gid | 1 day | Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. |
browser_id | 5 years | This cookie is used for identifying the visitor browser on re-visit to the website. |
WMF-Last-Access | 1 month 18 hours 11 minutes | This cookie is used to calculate unique devices accessing the website. |
Eat App for
How it works
![sample business plan of restaurants Request Demo](https://no-cache.hubspot.com/cta/default/3390327/4061114a-c5d0-48e7-a157-a53b2b49732c.png)
How to Write a Restaurant Business Plan in 2024 (Step by Step Guide with Templates)
![sample business plan of restaurants Saif Alnasur](https://restaurant.eatapp.co/hs-fs/hubfs/Saif%20Alnasur.webp?width=46&height=46&name=Saif%20Alnasur.webp)
A restaurant business plan is a framework that guides you to plan and forecast every element of restaurant management and operations.
This includes anything from your restaurant's menu design , location, financials, employee training , and a lot more.
- Creating a solid business plan is important, as it helps:
- Transform your restaurant ideas into reality.
- Boosts entrepreneurial success by 16% ( Harvard Business Study ).
- It equips you to navigate challenges before they arise.
- Attracts potential investors.
Planning is key to restaurant success. Without a plan, you're more likely to join the 26% of restaurants that fail within a year.
Create a business plan to set yourself up for success.
Here's how to get started.
![sample business plan of restaurants sample business plan of restaurants](https://no-cache.hubspot.com/cta/default/3390327/f2ac17c7-1119-49fb-9acd-a7cc3c332fc7.png)
What is a restaurant business plan?
Before writing a business plan, it is important to understand its fundamentals.
It serves as a roadmap for starting and running your restaurant , making it easy for outside parties, such as investors, to understand your objectives, vision, and plan of action for your restaurant.
The length and level of detail of business plans vary, ranging from brief synopses to large papers. Investors can benefit from clear insights and additional information provided by beginning with a concise plan and working their way up to a detailed one.
In short, a thorough description of the resources allocated to the success of your restaurant should be included in your business plan.
Steps to include in your business plan
Your restaurant and mission statement needs to reflect your brand and goals, but you don't have to start from scratch.
The Eat App Restaurant Business Plan template , created by industry professionals and packed with insider information, is your go-to manual for creating a profitable business plan.
Your finalized business plan should have 11 essential elements, no matter how you write it. Continue reading below.
1. Executive summary
A restaurant business plan should always begin with an executive summary. Why?
- 80% of venture capitalists say they read the executive summary first.
- 62% of investors say they would not continue reading a business plan if the executive summary did not capture their interest.
- A strong executive summary can increase the likelihood of securing funding by up to 40%.
An executive summary not only acts as the introduction to your restaurant business plan samples but also as a summary of the entire idea.
The main aim of an executive summary is to draw the reader (oftentimes an investor) into the rest of your business plan.
The executive summary also helps you envision the identity of your restaurant which essentially shapes the customer experience and sets you apart from competitors.
To establish a distinct identity, you need to focus on common elements of an executive summary, including:
- A mission statement
- Proposed concept development
- Cuisine selection
- The overall execution
- The potential costs
- Expected return on investments (ROI)
Let's take a more in-depth look at the concept development, cuisine selection, and mission statement.
1.1 Concept Development
Selecting the type of restaurant, service style, and atmosphere is the first step towards creating a unique dining experience. Whether you envision a sample menu for a:
- cozy, intimate bistro
- bustling quick-service deli
- fast-casual restaurant
- fine dining establishment
Your concept should reflect your passion and expertise in the industry.
1.2 Cuisine Selection
The cuisine you select for your restaurant can significantly influence its success.
Choosing the appropriate cuisine is vital for distinguishing your establishment from competitors and attracting your target market.
To make an informed decision, consider factors such as:
- Market demand
- Expertise and passion
- Ingredient availability
- Competition
- Profitability
- Cultural fit
- Seasonality
- Dietary restrictions and trends
In the highly competitive restaurant industry, keeping track of current and emerging cuisine trends can be a significant advantage.
1.3 Creating a mission statement
A well-constructed mission statement communicates the purpose, values, and goals of your restaurant to potential investors and customers alike.
A mission statement serves as a guiding light for decision-makers and employees, fueling their efforts to achieve your restaurant’s objectives.
To create an impactful mission statement, consider the following steps:
- Identify the purpose of the restaurant.
- Contemplate the brand’s image.
- Account for the target audience.
- Incorporate company values.
- Ensure brevity and comprehensiveness.
Related content: How to Write a Restaurant Mission Statement
Remember, your mission statement should not only differentiate your restaurant from competitors but also resonate with your target market.
2. Company description
This is where you carefully introduce the company in the restaurant business plan.
Include the name of the restaurant you are launching in this field along with its address, phone number, and other important information.
Then, also include the owner's information as well as a synopsis or explanation of their background. The restaurant's legal position and its short- and long-term objectives should be outlined in the second section of the company description.
To demonstrate your understanding of the changes in the local food business and the reasons why the most independent restaurant investors will be successful in this market, please submit a brief market research.
Here's an example of the page layout:
Company Description
Restaurant Name: [Restaurant Name]
Location: [Restaurant Address]
Contact: [Restaurant Phone Number] | [Restaurant Email Address]
Owner: [Owner Name]
Experience: [Owner Name] has over [Number] years of experience in the restaurant industry. They have worked in various roles, including [List of Roles]. They are passionate about food and creating a memorable dining experience for their guests.
Legal Standing: [Restaurant Name] is a [Type of Legal Entity] registered in [State/Province].
Further reading
- How to Write a Great Restaurant Description
3. Market analysis
The market analysis portion of the restaurant business plan is typically divided into three parts.
3.1 Industry analysis
What is your target market ? What demographics will your restaurant cater to?
This section aims to explain your target market to investors and why you believe guests will choose your restaurant over others.
Comprehending your target market is key to customizing your restaurant offerings to their preferences and needs.
By diving into demographics, preferences, dining habits, and trends, you can fine-tune your concept and marketing strategy to reach and appeal to your target audience effectively.
An example of analyzing your target market
Comprehending your target market is key to customizing your restaurant offerings to their preferences and needs.
Demographics and preferences
Identifying your primary target market involves considering factors such as:
For example, a neighborhood with a high concentration of families might prefer a family-friendly restaurant with a diverse menu catering to various age groups and dietary preferences.
Conversely, a trendy urban area with a predominantly young and affluent population may gravitate towards upscale dining experiences and innovative cuisine.
Cultural and ethnic backgrounds also have a significant impact on restaurant preferences, with people from different backgrounds having distinctive tastes and customs that influence their dining choices.
By thoroughly understanding the demographics and preferences of your target market, you’ll be better equipped to create a restaurant concept that resonates with them and ultimately drives success.
Dining habits and trends
As the restaurant industry continues to evolve, staying informed about dining habits and trends is crucial for adapting your offerings and attracting customers.
For example, the rise of online ordering and delivery services has significantly influenced dining habits, with many consumers seeking the convenience of having their meals delivered to their doorstep.
Health trends have also had an impact on dining habits, with an increasing number of individuals seeking healthier options when dining out.
3.2 Competition analysis
It's easy to assume that everyone will visit your new restaurant first, so it is important to research your competition to make this a reality.
What restaurants have already established a customer base in the area?
Take note of everything from their prices, hours, and service style to menu design to the restaurant interior.
Then explain to your investors how your restaurant will be different.
3.3 Marketing analysis
Your investors are going to want to know how you plan to market your restaurant. How will your marketing campaigns differ from what is already being done by others in the restaurant industry?
How do you plan on securing your target market? What kind of offers will you provide your guests? Make sure to list everything.
- How to Identify Your Restaurant’s Target Market (Expert Tips Included)
The menu is the most important part of a restaurant's debut. Your restaurant wouldn't be able to operate without it.
You most likely don't have a final draft at this time, but you should aim to create a mock-up menu for your restaurant business plan. You can choose a design that you can envision yourself using and add your logo to the mock-up.
There are several resources available online if you need assistance with menu design or don't want to hire a designer.
But the price should be the most important component of your sample menu. The cost research you've completed for investors ought to be reflected in your prices. They will have a clearer idea of your restaurant's intended price range as a result.
You'll quickly see how important menu engineering can be, even early on.
5. Employees
The company description section of the restaurant business plan briefly introduces the owners of the restaurant with some information about each. This section should fully flesh out the restaurant's business plan and management team.
The investors don’t expect you to have your entire team selected at this point, but you should at least have a couple of people on board. Use the talent you have chosen thus far to highlight the combined work experience everyone is bringing to the table.
![sample business plan of restaurants Download our free restaurant business plan It's the only one you'll ever need. Get template now](https://no-cache.hubspot.com/cta/default/3390327/b21455f2-657f-4d13-9912-9dc6f211e990.png)
6. Restaurant design
The design portion of your restaurant business plan is where you can really show off your thoughts and ideas to the investors. If you don’t have professional mock-ups of your restaurant rendered, that’s fine.
Instead, put together a mood board to get your vision across. Find pictures of a similar aesthetic to what you are looking for in your restaurant.
The restaurant design extends beyond aesthetics alone and should include everything from restaurant software to kitchen equipment.
7. Location
The location you settle on for your restaurant should be well aligned with your target market (making it easier to cater to your ideal customer) and with your business plans.
At this stage in the process, it's not uncommon to not have a specific location in mind - but you should at the very least have a few options to narrow down.
Pro Tip: When you approach your investors about potential locations, make sure to include as much information as possible about each venue and why it would be ideal for your brand.
Example for choosing an ideal location
Choosing the ideal location for your restaurant is a pivotal decision that can greatly influence your success.
To make the best choice, consider factors such as foot traffic, accessibility, and neighborhood demographics.
By carefully evaluating these factors, you’ll be better equipped to maximize visibility and attract your target market.
7.1 Foot traffic and accessibility
Foot traffic and accessibility are important factors in selecting a location that will attract customers and ensure convenience.
A high-traffic area with ample parking and public transportation options can greatly increase the likelihood of drawing in potential customers.
Additionally, making your restaurant accessible to individuals with disabilities can further broaden your customer base and promote inclusivity.
7.2 Neighborhood demographics
Analyzing neighborhood demographics can help you determine if your restaurant’s concept and cuisine will appeal to the local population.
Factors such as income levels, family structures, and cultural diversity can all influence dining preferences and habits.
By understanding the unique characteristics of the neighborhood, you can tailor your offerings and marketing efforts to resonate with the local community.
Conducting a market analysis can be a valuable step in this process.
To gather demographic data for a particular neighborhood, you can utilize resources such as the U.S. Census Bureau’s American Community Survey and reference maps.
Armed with this information, you can make informed decisions about your restaurant’s concept, menu, and pricing, ensuring that your establishment is well-positioned for success within the community.
Conducting market research will further strengthen your understanding of the local demographic.
- Why does restaurant location matter?
8. Market overview
The market overview section is heavily related to the market research and analysis portion of the restaurant business plan. In this section, go into detail about both the micro and macro conditions in the area you want to set up your restaurant.
Discuss the current economic conditions that could make opening a restaurant difficult, and how you aim to counteract that. Mention all the other restaurants that could prove to be competition and what your strategy is to set yourself apart.
9. Marketing
With restaurants opening left and ride nowadays, investors are going to want to know how you will get word of your restaurant to the world.
The next marketing strategy and publicity section should go into detail on how you plan to market your restaurant before and after opening. As well as any plans you may have to bring a PR company on board to help spread the word.
Read more : How to write a restaurant marketing plan from scratch
10. External help
To make your restaurant a reality, you are going to need a lot of help. List any external companies or software you plan on hiring to get your restaurant up and running.
This includes everything from accountants and designers to suppliers that help your restaurant perform better, like POS systems and restaurant reservation systems.
Explain to your other potential investors about the importance of each and what they will be doing for your restaurant.
11. Financial analysis
The most important part of your restaurant business plan is the financial section. We would recommend hiring professional help for this given its importance.
Hiring a trained accountant will not only help you get your own financial projections and estimates in order but also give you a realistic insight into owning a restaurant.
You should have some information prepared to make this step easier for the accountant.
He/she will want to know how many seats your restaurant has, what the check average per table will be, and how many guests you plan on seating per day.
In addition to this, doing rough food cost calculations for various menu items can help estimate your profit margin per dish. This can be achieved easily with a free food cost calculator.
- Your Complete Guide to Restaurant Financing and Loans
A well-crafted restaurant business plan serves as a roadmap to success, guiding every aspect of the venture from menu design to employee training.
By carefully considering each component of the plan, aspiring restaurateurs can increase their chances of securing funding, attracting customers, and achieving their long-term goals.
Remember, a restaurant business plan is not just a document to satisfy investors; it is a living tool that should be revisited and updated regularly as the business grows and evolves.
By staying committed to the plan and adapting it as needed, restaurateurs can ensure that their culinary dreams have a solid foundation for success.
![sample business plan of restaurants Restaurant Business Plan template](https://restaurant.eatapp.co/hs-fs/hubfs/eatapp-2024/images/blog/comrpess-images/Business-Meeting-in-Restaurant.webp?width=670&height=440&name=Business-Meeting-in-Restaurant.webp)
Growth Marketing Manager at Eat App
Saif Alnasur used to work in his family restaurant, but now he is a food influencer and writes about the restaurant industry for Eat App.
![sample business plan of restaurants author-linkedIn](https://restaurant.eatapp.co/hs-fs/hubfs/EAtapp-2022/images/Blog/mdi_linkedin.png?width=24&height=24&name=mdi_linkedin.png)
Reviewed by
Nezar Kadhem
Co-founder and CEO of Eat App
He is a regular speaker and panelist at industry events, contributing on topics such as digital transformation in the hospitality industry, revenue channel optimization and dine-in experience.
Share this article!
Related articles
![sample business plan of restaurants restaurant swot analysis](https://restaurant.eatapp.co/hs-fs/hubfs/swot2-1.webp?width=314&height=175&name=swot2-1.webp)
SWOT Analysis for:...
Your restaurant may have the best ambiance or...
![sample business plan of restaurants Free Food Cost Calculator](https://restaurant.eatapp.co/hs-fs/hubfs/Free%20Food%20Cost%20Calculator.png?width=314&height=175&name=Free%20Food%20Cost%20Calculator.png)
How to Calculate Food Cost in:...
Whether you're putting together a menu for your...
![sample business plan of restaurants](https://restaurant.eatapp.co/hs-fs/hubfs/firmbee-com-jrh5laq-mis-unsplash-654d00c48dcee.webp?width=314&height=175&name=firmbee-com-jrh5laq-mis-unsplash-654d00c48dcee.webp)
How to Write a Restaurant:...
An executive summary for a restaurant is a...
Join restaurants in 70+ countries using Eat App
![sample business plan of restaurants Get Started](https://no-cache.hubspot.com/cta/default/3390327/e369d415-cd5b-44f6-b759-1024674024e8.png)
Empowering restaurants, one table at a time Discover seamless dining with Eat App
- Reservation system
- Table management
- CRM and guest profiles
- Reports & trends
- WhatsApp messaging
- Integrations
- Privacy policy
- Terms of service
- The 16 Best Reservation Systems
- Guide to Restaurant Marketing
- Guide to Customer Service
- Guide to Making a Restaurant Website
- All articles
"> "> Compare us
- Compare All
© Eat App. All rights reserved.
Restaurant Business Plan: Step-by-Step Guide + examples
Dreaming of opening a 🍴 restaurant? Passion, creativity, and delicious food are key. But for long-term success, a business plan is essential too.
![sample business plan of restaurants Maja Jankowska's photo](https://secure.gravatar.com/avatar/7c506f7e4ce46bfd067aa9a7d379634e?s=96&d=https%3A%2F%2Fresos.com%2Fwp-content%2Fuploads%2F2022%2F03%2Fresos-logo.png&r=g)
Maja Jankowska
![sample business plan of restaurants resOS - your restaurant system](https://resos.com/wp-content/uploads/2023/06/resO-restaurant-business-plan-guide.webp)
Are you dreaming of owning your own restaurant? Picture the sizzle of a hot skillet, the laughter of satisfied guests, and the fulfillment of sharing your culinary creations with the world. But before you dive into this flavorful adventure, there’s a crucial ingredient you can’t overlook: a winning restaurant business plan.
![sample business plan of restaurants Restaurant business plan with step by step guide](https://resos.com/wp-content/uploads/2023/06/resO-restaurant-business-plan-guide-1024x576.webp)
What is a business plan for?
A business plan is a vital document for every restaurant owner. It provides a roadmap for success, helps secure funding, guides financial and operational decisions, mitigates risks, and facilitates effective communication.
Just like any other business, a restaurant needs a well-crafted business plan to ensure its success and sustainability. Without a business plan, you risk operating in the dark, making decisions on a whim, and facing unexpected challenges that could have been avoided.
Investing time and effort into creating a solid business plan sets your restaurant on the path to achieving your culinary dreams and exceeding customer expectations.
Create Restaurant’s Business Plan in these 9 steps:
✔️ 1. Start with an executive summary ✔️ 2. Describe your concept ✔️ 3. Conduct Market analysis ✔️ 4. Define your management and organization ✔️ 5. Give a sample “yummy” Menu ✔️ 6. Create design and branding ✔️ 7. Provide a Location ✔️ 8. Establish Marketing plan ✔️ 9. Define Financial plan
1. Executive summary
The executive summary is like the appetizer of your restaurant business plan – it’s the first bite that leaves a lasting impression. Its purpose is to capture the essence of your entire plan and entice time-crunched reviewers, such as potential investors and lenders, to delve deeper into your vision. It’s worth noting that the executive summary should be the final section you write.
To craft a concise and captivating summary, it’s crucial to highlight key points, including your unique concept, target market, and financial projections. Additionally, bear in mind that the executive summary sets the tone for the rest of your plan, so it’s essential to make it irresistible and leave readers yearning for more.
When it comes to the executive summary of your restaurant business plan, brevity is key . You have only one page to capture the attention of readers, but don’t worry, it’s definitely doable. Here’s what your executive summary should include:
- Restaurant concept : What does your business do?
- Goals and vision : What does your business want to achieve?
- Restaurant differentiation : What makes your menu/concept different, and what sets you apart?
- Projected financial state : What revenue do you anticipate?
- The team : Who is involved in the business?
2. Describe your concept
In the world of restaurant business plans, there’s a section that holds immense importance. It’s the one that answers two fundamental questions: Who are you, and what do you plan to do?
This is the section where you fully introduce your company, and it deserves special attention. Share all the important details that paint a vivid picture of your unique business. Include the restaurant’s name, location, and contact information. Additionally, provide relevant details such as the chef’s background and what makes your restaurant stand out in the market.
Curious about concept creation? Watch our short video featuring a summary of an example restaurant concept below! 👇
Now is your opportunity to showcase your vision and establish a unique identity for your restaurant. Utilize this section to highlight what sets you apart and capture the reader’s imagination.
3. Market analysis
Market analysis helps you understand your potential customers, competition, and overall restaurant market trends. It’s like having a crystal ball to shape your restaurant’s success.
Target audience
When it comes to your potential market, you want to know how many people are hungry for what you’re serving. Sounds exciting, right? To estimate this, you’ll gather data on your target customers, like their age group or preferences, and combine it with industry trends. It’s like finding the perfect recipe to satisfy their cravings.
Competition
Now, let’s tackle the competition. Every restaurant has rivals, even if they’re serving a unique dish. It’s crucial to identify direct or indirect competitors and understand what makes you stand out. Are you offering affordable prices, a one-of-a-kind experience, or catering to a specific niche? Highlight your “secret sauce” that sets you apart from the rest.
Market analysis for restaurant’s business plan
Market analysis also involves a SWOT analysis. Don’t let the jargon scare you. It simply means evaluating your strengths, weaknesses, opportunities, and threats. Think of it as a superhero assessment for your restaurant. Identify what you excel at, areas for improvement, potential market opportunities, and external factors that could impact your success.
![sample business plan of restaurants example of SWOT analysis for the restaurant](https://resos.com/wp-content/uploads/2023/06/SWOT-analysis-1-1024x402.webp)
Example of SWOT analysis for a restaurant
Remember, market analysis is like a compass guiding your restaurant’s journey. It helps you make informed decisions, attract investors, and stay ahead of the game. So, embrace the power of market analysis, and let it shape the destiny of your delicious dining destination.
4. Management and organization
Effective management and organization are critical for success in the restaurant sector. This section of your business plan introduces the talented individuals who will lead your restaurant to new heights.
Outline your legal structure, whether it’s an S corporation, limited partnership, or sole proprietorship, providing key information for stakeholders.
Showcase your management team using an organizational chart to highlight their roles, responsibilities, and contributions. Their expertise and guidance are crucial for seamless operations and exceptional customer experiences.
With a strong management team in place, your restaurant is poised for success. They are the driving force behind your journey to greatness. Let’s meet the key players who will make it happen!
Streamline your operations and optimize your financial performance With resOs , you can efficiently manage reservations, track inventory, analyze sales data, and streamline your overall workflow. Get your FREE plan
5. Sample “yummy” Menu
In the restaurant industry, your menu plays a main role as the core product. Include a section in your business plan that highlights key details about your menu offerings to engage readers.
If you offer a diverse range of dishes, provide a brief overview of each category. Alternatively, if your menu focuses on specific specialties or signature dishes, provide more detailed descriptions for each item.
You can also mention any upcoming menu additions or unique culinary creations that will enhance profitability and attract customers.
6. Design and branding
When it comes to starting a restaurant, don’t underestimate the power of design and branding. They’re the secret ingredients that can make your establishment truly stand out. Think about it – when customers walk through your front door, what do they see? The right design and branding can instantly captivate their attention and make them feel right at home.
So, take some time to envision the overall aesthetic and mood you want to create.
Do you imagine a cozy and rustic setting or a sleek and modern vibe?
Let your creativity shine through! Include captivating photos of similar restaurants that inspire you and give potential investors a glimpse of your vision.
And don’t forget about your logo! If you’ve already designed one, proudly showcase it in your business plan. It’s the visual representation of your restaurant’s personality and will help establish brand recognition.
![sample business plan of restaurants Custom design of your restaurant booking system with resOS](https://resos.com/wp-content/uploads/2023/06/resOS-custom-design-1024x576.webp)
resOS’ customizable interface for your booking system
Stand out in the competitive restaurant industry with resOS’ customizable booking management system . Personalize every aspect of the interface to reflect your restaurant’s unique brand identity. Seamlessly integrate your logo, colors, and visual elements, creating a cohesive and immersive experience for your guests. With resOS, you have the power to revolutionize your restaurant’s image and leave a lasting impression.
Details matter too! Share your plans for specific design elements , from the choice of furniture to the color palette that will adorn your space. The more you paint a vivid picture, the more investors and customers will be enticed by your unique ambiance.
7. Location
For a restaurant, location can make or break the business. Occasionally, a restaurant concept is so good that people go out of their way to find it. But, more realistically, your location needs to be convenient for your target market. If it’s hard for your customers to get to you, hard for them to park, and not something they notice as they drive by, they’re unlikely to check your restaurant out.
In your business plan, make sure to discuss the potential locations that you hope to occupy, assuming you haven’t already secured the location. Explain why the location is ideal for your target market and how the location will help attract customers.
Unlock the potential of your restaurant’s location and streamline reservations with resOS. Our platform offers seamless integration with Reserve With Google , allowing customers to easily discover and book tables directly from Google search results and maps. By enabling this feature, you’ll maximize your restaurant’s visibility and attract more diners with just a few clicks. Experience the power of location-based reservations with resOS .
Be sure to explain the complete costs of your location and what kinds of renovations will be necessary to open your restaurant.
8. Marketing plan
In today’s competitive restaurant industry, it’s important to showcase your marketing strategy to investors. They want to know how you’ll create buzz and keep it going before and after your grand opening.
![sample business plan of restaurants](https://resos.com/wp-content/uploads/2023/07/ResOS-Road-map-animation-1024x576.webp)
Create a winning business plan with a strong marketing focus. Our Restaurant Business Plan Steps Graphic (👆 see above) is your visual guide, including key marketing strategies. Download or save for later and plan your path to success.
Whether you’ve enlisted a top-notch Marketing company or have a solid ready-to-go marketing plan, highlight your chosen path. Discuss the unique strengths of your selected agency and why they stand out, including their notable clients. Alternatively, showcase your in-house plan, leveraging social media, your website, and valuable media connections.
A well-crafted marketing plan holds the key to differentiating your restaurant and attracting customers. Prepare to tantalize taste buds and offer an exceptional dining experience. Stay in tune with the latest restaurant industry trends, leverage effective marketing tools, and optimize your online presence.
Lastly, integrate a robust restaurant booking system to streamline reservations and enhance the overall customer experience. With these strategic elements in place, success is within your reach.
9. Financial Plan
Financial analysis is a crucial part of your restaurant’s business plan. It helps investors assess the profitability of your concept and whether it’s a worthwhile investment. In this section, you’ll outline how you plan to allocate your funds in the first year and provide projections for costs and revenues.
Here are the 🔑 key components to include:
Investment Plan: Explain the initial investment costs, such as kitchen equipment, furniture, employee wages, legal fees, marketing expenses, and working capital. This shows how you’ll use your funds effectively.
Profit and Loss Projection: Estimate your restaurant’s costs and sales figures in the profit and loss statement. Consider factors like the size of your establishment, your target market, and the existing competition in your chosen location.
Break-Even Analysis: Show investors the monthly revenue you need to achieve to cover all your expenses and reach profitability. This analysis considers overhead costs, operational expenses, and factors that may affect revenue fluctuations throughout the year.
Claim your FREE plan on resOS today! Ready to revolutionize your business management? Join resos.com for FREE and take control of your operations. ✅ Seamless calendar integration ✅ Customizable booking forms ✅ Automated reminders ✅ Real-time availability updates Don’t miss out! Sign up now at resos.com and experience stress-free scheduling. Your time is valuable, so claim your FREE plan today!
Latest from the blog
![sample business plan of restaurants How to start a restaurant in London](https://resos.com/wp-content/uploads/2022/12/10-tips-on-how-to-open-a-restaurant-in-London.webp)
How to start a restaurant in London
Are you considering starting a restaurant but still have questions? Read these 10 tips on how to open a successful restaurant without any mistakes!
![sample business plan of restaurants Restaurant Management Software — The Ultimate Guide](https://resos.com/wp-content/uploads/2020/11/Restaurant-Management-Software-—-The-Ultimate-Guide.webp)
Restaurant Management Software — The Ultimate Guide
Restaurant management software: The ultimate guide for owners Running a restaurant is no easy task. Between juggling reservations, managing inventory, and keeping your staff on schedule, it can quickly become overwhelming. That’s where restaurant management...
![sample business plan of restaurants Review trends and behaviours in the restaurant and hospitality industry](https://resos.com/wp-content/uploads/2024/08/Review-trends-and-behaviours-stats.webp)
Review trends and behaviours in the restaurant and hospitality industry
Stay ahead in the restaurant industry by mastering online reviews and customer behavior. Learn actionable strategies to improve your reputation and attract more diners
How to Write a Restaurant Business Plan (+ Examples)
Learn how to create a restaurant business plan with the best format that outlines your concept, and financials. Get examples and templates to get started.
10 minute read
helped business professionals at:
Short answer
What is a business plan for a restaurant?
A business plan for a restaurant is a document that outlines the restaurant's concept, strategies, and financial forecasts. It serves as a roadmap for launching and growing the establishment successfully.
Don't just focus on profit margins, ensure your business plan is well-presented
In the competitive world of the restaurant industry, where low-profit margins are a well-known hurdle, there emerges a critical, yet often overlooked, factor pivotal to success: the design of the business plan.
As we enter 2024, it's becoming increasingly clear that the traditional overlook of business plan design can no longer be afforded.
This isn't just about financial projections or market analysis; it's about crafting a blueprint that encapsulates the essence of your restaurant, compellingly communicates its value, and sets a solid foundation for growth.
By focusing on the design of your business plan, you stand to gain not just the attention of potential investors but also a clearer roadmap to navigate the challenges ahead.
What makes an effective business plan?
Embarking on the restaurant business journey requires more than just a passion for food-it demands a comprehensive plan that lays out every aspect of your venture with precision and foresight.
Let's delve into what constitutes an effective restaurant business plan, ensuring it's not just another document, but a roadmap to success.
6 key components of a winning restaurant business plan:
1. Vision and concept clarity
Start with a crystal-clear articulation of your restaurant's concept. Whether it's a cozy vegan cafe or a high-end steakhouse, the essence of your establishment should leap off the page.
This clarity helps potential investors and partners instantly grasp what you're aiming to create.
Beyond the concept, delineate your restaurant's values, mission, and the unique selling points that set you apart in a crowded market.
2. Comprehensive market analysis
A deep dive into market analysis cannot be overstated. Here, you're not just identifying who your customers are but also understanding the competitive landscape.
What are the prevailing trends in the dining sector? Who are your direct and indirect competitors, and how do you plan to differentiate yourself? This section should reflect a meticulous research process, showcasing insights that guide your strategy.
3. Robust financial planning
In any successful business plan, sound financial management is key.
Essential elements include:
Realistic financial projections: Your forecasts should be realistic, and built on data-backed assumptions.
Detailed profit and loss forecasts
Cash flow predictions
Break-even analysis
Contingency planning: Preparing for unforeseen challenges is crucial.
Develop a well-thought-out contingency plan to navigate the industry's unpredictable nature.
Identify potential risks and solutions, including supplier issues, staffing shortages, and changes in consumer behavior, to ensure business resilience.
4. Operational strategies
Operational excellence underpins a restaurant's success. Detail your plans for day-to-day operations, from sourcing ingredients to managing inventory and staffing.
Highlight your commitment to quality and efficiency in every aspect of the operation, from the kitchen to customer service.
Also, outline the technology, such as restaurant POS systems you'll implement to streamline processes and enhance the dining experience.
5. Marketing and branding
In today's digital age, a savvy marketing and branding strategy is crucial.
Describe how you'll create a strong brand identity and the channels you'll use to reach your target audience.
From social media campaigns to community engagement initiatives, your plan should reflect a keen understanding of how to connect with potential customers and build a loyal following.
Discover how to create a marketing deck to align your strategy with your business objectives, target audience needs, and market trends.
6. Customer experience focus
Exceptional customer service is the lifeblood of any successful restaurant. Detail the steps you'll take to ensure every guest feels valued and satisfied.
From the ambiance and menu design to staff training programs, every element should contribute to a memorable dining experience.
Feedback mechanisms and how you'll adapt to customer preferences are also vital components of this section.
What should be included in a restaurant business plan?
Creating a restaurant business plan is a foundational step toward launching a successful dining establishment.
It outlines your vision, strategy, and the specific actions you plan to take to make your restaurant a success.
Below, we break down the essential components that should be included in your restaurant business plan, ensuring clarity, comprehensiveness, and appeal to potential investors.
8 essential sections of a restaurant business plan:
1. Executive summary
A compelling overview of the restaurant, showcasing its unique concept, mission, and strategic objectives that guide its operations.
Overview: Present a succinct snapshot of your restaurant, including its concept, mission, key goals, and ownership structure.
Purpose: Highlight what you aim to achieve with the restaurant and the appeal it has to potential investors or lenders.
2. Business description
An in-depth look at the restaurant's theme, location, and how these elements combine to create a distinctive dining experience.
Concept and theme: Describe the unique aspects of your restaurant's concept, from the cuisine and menu items to the design and ambiance.
Location analysis: Analyze the chosen location, discussing demographics, foot traffic, and how these factors make it an ideal spot for your target market.
3. Market analysis
An insightful examination of dining trends, target demographics, and customer needs to inform strategic positioning.
Trends: Examine current trends in the dining industry and how they influence your restaurant's positioning.
Target demographic: Identify your target customers, detailing their preferences, dining habits, and how your restaurant will meet their needs.
Needs and preferences: Focus on understanding and catering to what your target market seeks in a dining experience.
4. Competitive analysis
A detailed evaluation of competitors, focusing on differentiation and strategies for establishing a market edge.
Competitors: List direct and indirect competitors, analyzing their strengths, weaknesses, and how you'll differentiate your restaurant.
Differentiation: Explain the unique selling points that will set your restaurant apart in the competitive landscape.
5. Menu and product offering
Overview of menu design, ingredient sourcing, and special services that enhance the restaurant's appeal.
Menu design: Discuss the inspiration behind your menu, including how it reflects the theme and caters to your target demographic. Outline your pricing strategy and item selection.
Sourcing and suppliers: Detail your approach to sourcing high-quality ingredients, including partnerships with local suppliers and commitments to sustainability.
Special offerings: Highlight any additional services your restaurant offers, such as catering, special events, or exclusive seasonal menus, to draw in a wider audience and generate extra revenue.
6. Marketing and sales strategy
A summary of branding efforts, promotional tactics, and sales projections designed to attract and retain customers.
Branding: Detail your restaurant's brand identity, including name, logo, and how it communicates your restaurant's values and mission.
Marketing tactics: Outline the strategies you will employ to attract and retain customers, such as social media marketing, local advertising, partnerships, and loyalty programs.
Sales forecasts: Provide realistic sales forecasts, explaining the rationale behind these projections and how you plan to achieve them.
7. Operating plan
Description of daily operations, facility management, and health safety protocols to ensure smooth and compliant restaurant functionality.
Daily operations: Describe the operational flow of the restaurant, including hours of operation, staffing requirements, and customer service policies.
Facility management: Discuss the layout and design of your restaurant, kitchen equipment needs, and any other facility-related details that will ensure efficient operation.
Health and safety: Outline the health and safety measures you will implement to comply with local regulations and ensure the well-being of both employees and guests.
8. Management and organization
An outline of the restaurant's organizational structure, key personnel, and staffing strategies for operational excellence.
Ownership structure: Specify the ownership structure of the restaurant, including key stakeholders and their roles.
Team composition: Introduce the management team, chefs, and other critical staff, highlighting their experience and how it contributes to the restaurant's success.
Staffing plans: Discuss your plans for hiring staff , including numbers, positions, and the qualities you seek in employees to maintain high standards of service.
How to create a business plan for a restaurant?
Creating a standout business plan for your restaurant involves focusing on key components that blend your vision with practical strategies.
6 actionable steps to distill your restaurant business plan:
Define your concept clearly: Begin by articulating your restaurant's concept, ambiance, and what sets it apart. This clarity lays the groundwork for the entire business plan.
Conduct thorough market analysis: Dive deep into your target market and competitors. This research will guide your menu design, pricing strategy, and marketing efforts, ensuring you carve out a unique space in the marketplace.
Craft a compelling menu: Ensure your menu reflects your brand identity and appeals to your target audience, all while considering cost-effectiveness and supply chain realities. Aim for a balance between innovation and simplicity.
Develop realistic financial projections: Detail initial costs, revenue expectations, and a break-even point. Importantly, predict potential hurdles with ready contingency plans.
Outline operational strategies: Describe your daily management approach, including sourcing, staffing, and customer service. Efficient operations are crucial for a seamless experience and streamlined processes.
Implement strategic marketing: Choose the most effective ways to connect with your audience. Building a strong brand narrative and engaging actively with customers can help turn first-time visitors into regulars.
7 restaurant business plan examples for winning partners and investors
When it comes to crafting a business plan for a restaurant, the type of establishment you're planning significantly influences the structure and content of the document.
Each kind of restaurant from fast-casual and fine dining to food trucks and bistros-caters to different market segments and operational models.
Here's a look at how these differences manifest in their respective business plans:
1) Fine dining restaurant business plan
Market focus: Targets higher-income clientele seeking a premium dining experience. The plan should highlight exceptional service, high-quality ingredients, and unique culinary offerings.
Operational model: Detailed attention to the ambiance, chef expertise, and a higher staff-to-guest ratio. Wine lists and bar offerings also play a significant role.
Financial projections: Emphasizes higher check averages with a focus on profitability per guest rather than volume. The cost structure will detail higher initial investment in decor, kitchen equipment, and inventory.
Here’s an example of a fine-dining restaurant business plan:
2) Bar restaurant business plan
Market focus: Targets a diverse clientele, from young professionals to social groups, seeking a blend of dining and socializing.
Operational model: Balances innovative cuisine with an extensive beverage selection in a space designed for both eating and lounging, including live entertainment options.
Financial projections: Outlines dual revenue streams from food and drinks, emphasizing beverage sales' higher profit margins and detailing licensing, entertainment, and insurance costs.
Here’s an example of a bar restaurant pitch deck:
3) Bistro restaurant business plan
Market focus: Caters to locals and tourists seeking a casual yet refined dining experience, positioning itself as a cozy neighborhood spot.
Operational model: Highlights a selective menu that adapts seasonally, emphasizing a warm ambiance and personal service.
Financial projections: Projects moderate earnings with a strong local following, noting initial investments in location and ambiance to create a distinctive setting.
Here’s an example of a bistro restaurant pitch deck:
4) Food truck business plan
Market focus: Appeals to urban professionals, millennials, and foodies looking for unique, high-quality food options on the go.
Operational model: Mobility is key. The plan must address location strategy, permits and regulations, and adaptability to different events and seasons.
Financial projections: Lower startup costs compared to brick-and-mortar establishments but include considerations for vehicle maintenance, fuel, and parking permits.
5) Coffee restaurant business plan
Market focus: Appeals to a varied audience with a unique theme or specialty cuisine, standing out from conventional coffee shops.
Operational model: Details the influence of theme or cuisine on menu design, decor, and guest experience, aiming to make the restaurant a destination.
Financial projections: Anticipates varied financial outcomes based on concept uniqueness, with thorough market research guiding pricing and marketing strategies.
6) Italian, Mexican, Asian, etc., cuisine restaurant business plan
Market focus: Focuses on providing authentic dining experiences to both expatriates and locals interested in specific cuisines.
Operational model: Requires sourcing authentic ingredients and skilled chefs familiar with the cuisine. The business plan should address menu authenticity, culinary training, tip system , and potential partnerships for ingredient import.
Financial projections: Depending on the positioning (casual vs. fine dining), financials would reflect the cost of unique ingredients and the expected dining experience level.
Here’s an example of an Italian restaurant business plan proposal:
7) Fast food restaurant business plan
Market focus: These plans emphasize speed, efficiency, and affordability. The target market typically includes busy professionals, families looking for convenient meal options, and younger demographics.
Operational model: The business plan must detail quick service operations, including streamlined kitchen layouts, supply chain logistics for fast-moving inventory, and technology for order taking (e.g., apps, and kiosks).
Financial projections: Focus on volume sales, low to moderate check averages, and strategies for high turnover rates.
How to design a restaurant business plan?
Designing a restaurant business plan is much like crafting a compelling game pitch deck, it's all about presenting your concept in a way that's as irresistible as the dining experience you're proposing.
8 restaurant business plan design tips:
1. Embrace scrollytelling
Use narrative scrolling to take your audience through the journey of your restaurant's concept, from the inspiration behind your dishes to the ambiance you plan to create.
This dynamic presentation style keeps readers engaged, turning your business plan into an immersive experience.
Here's an example of scroll-based design:
2. Incorporate interactivity and multimedia
Go beyond static pages by embedding interactive elements like sample menu walkthroughs, virtual tours of the restaurant layout, or clips from cooking demos.
These elements not only highlight your restaurant's unique offerings but also keep potential investors or partners engaged throughout your presentation.
And here's what a static presentation looks like compared to an interactive one:
Static PowerPoint
Interactive Storydoc
3. Use data visualization
Present market research, target demographics, and financial projections through clear, compelling visuals.
Transform complex data into easy-to-understand graphs, charts, and infographics, making your business strategy both visually appealing and straightforward to grasp.
Here's an example of a presentation with dataviz elements:
4. Personalize your deck
Leverage software that allows for customization, such as incorporating the viewer's name or tailoring content to specific investor interests.
A personalized approach demonstrates meticulous attention to detail and can forge a stronger connection with your audience.
5. Use cohesive branding
Ensure your business plan reflects your restaurant's identity through consistent use of colors, fonts, and imagery that align with your branding.
This not only enhances the visual appeal of your plan but also immerses your audience in the atmosphere you aim to create.
6. Ensure mobile-responsive
Given the variety of devices stakeholders might use to view your plan, ensuring a mobile-responsive design is essential.
This ensures that your business plan is accessible and engaging, whether it's being viewed on a smartphone or a desktop computer.
7. Highlight key information
Design your business plan to draw attention to critical information.
Techniques such as strategic content placement and highlighting can guide the reader's focus, ensuring that essential points stand out without overwhelming the viewer with too much information at once.
8. Segment content in tabs
Organize your business plan into sections or tabs that cater to different aspects of your restaurant concept and business strategy.
This not only makes your plan more navigable but also allows readers to easily find the information most relevant to their interests or concerns.
Here's an example of a tabs slide:
Restaurant business plan templates
Kicking off your restaurant business plan is a daunting task, especially when you aim to capture the essence of your dining concept in a document.
Interactive restaurant business plan templates are designed to simplify this process. They provide a structured framework that incorporates interactive and multimedia elements, essential for presenting your restaurant in a vibrant and dynamic manner.
These templates not only save you precious time but also guarantee that your business plan conveys a polished and compelling story.
Snag one today!
I am a Marketing Specialist at Storydoc, I research, analyze and write on our core topics of business presentations, sales, and fundraising. I love talking to clients about their successes and failures so I can get a rounded understanding of their world.
Found this post useful?
Subscribe to our monthly newsletter.
Get notified as more awesome content goes live.
(No spam, no ads, opt-out whenever)
You've just joined an elite group of people that make the top performing 1% of sales and marketing collateral.
Make your best business plan to date
Stop losing opportunities to ineffective presentations. Your new amazing deck is one click away!
Sling is now Sling by Toast! Learn more
More Features
![sample business plan of restaurants](https://getsling.com/wp-content/uploads/2022/07/menu-2.jpg)
- Restaurants
- Get Started
![sample business plan of restaurants Restaurant Business Plan](https://getsling.com/wp-content/uploads/2020/03/pasted-image-0-2-e1652226124654.png)
Restaurant Business Plan: What To Include, Plus 8 Examples
- Business Growth & Management , Templates & Guides
Do you want to ensure the success of your new foodservice endeavor? Write a restaurant business plan.
In this article, the experts at Sling tell you why a business plan is vital for both new and existing businesses and give you tips on what to include.
Table Of Contents
What Is A Restaurant Business Plan?
Why is a restaurant business plan important, questions to ask first, what to include in an effective restaurant business plan, how to format a restaurant business plan, efficient workforce management is essential for success.
![sample business plan of restaurants Man looking at charts on a wall for his restaurant business plan](https://getsling.com/wp-content/uploads/2020/03/pasted-image-0-5.png)
At its most basic, a restaurant business plan is a written document that describes your restaurant’s goals and the steps you will take to make those goals a reality.
This business plan also describes the nature of the business itself, financial projections, background information, and organizational strategies that govern the day-to-day activity of your restaurant.
![sample business plan of restaurants Empty fine-dining restaurant](https://getsling.com/wp-content/uploads/2020/03/pasted-image-0-1.png)
A restaurant business plan is vital for the success of your endeavor because, without one, it is very difficult — sometimes even impossible — to obtain funding from an investor or a bank.
Without that all-important starting or operational capital, you may not be able to keep your doors open for long, if at all.
Even if funding isn’t a primary concern, a business plan provides you — the business owner or manager — with clear direction on how to translate general strategies into actionable plans for reaching your goals.
The plan can help solidify everything from the boots-on-the-ground functional strategy to the mid-level business strategy all the way up to the driving-force corporate strategy .
Think of this plan as a roadmap that guides your way when things are going smoothly and, more importantly, when they aren’t.
If you want to give your restaurant the best chance for success, start by writing a business plan.
![sample business plan of restaurants Man on laptop writing a restaurant business plan](https://getsling.com/wp-content/uploads/2020/02/restaurant-business-plan_1.png)
Sitting down to write a restaurant business plan can be a daunting task.
As you’ll see in the What To Include In An Effective Restaurant Business Plan section below, you’ll need a lot of information and detail to ensure that the final document is both complete and effective.
Instead of starting with word one, it is hugely beneficial to answer a number of general questions first.
These questions will help you narrow down the information to include in your plan so the composition process feels less difficult.
The questions are:
- What problem does the business’s product or service solve?
- What niche will the business fill?
- What is the business’s solution to the problem?
- Who are the business’s customers?
- How will the business market and sell its products to them?
- What is the size of the market for this solution?
- What is the business model for the business?
- How will the business make money?
- Who are the competitors?
- How will the business maintain a competitive advantage?
- How does the business plan to manage growth?
- Who will run the business?
- What makes those individuals qualified to do so?
- What are the risks and threats confronting the business?
- What can you do to mitigate those risks and threats?
- What are the business’s capital and resource requirements?
- What are the business’s historical and projected financial statements?
Depending on your business, some of these questions may not apply or you may not have applicable answers.
Nevertheless, it helps to think about, and try to provide details for, the whole list so your finished restaurant business plan is as complete as possible.
Once you’ve answered the questions for your business, you can transfer a large portion of that information to the business plan itself.
We’ll discuss exactly what to include in the next section.
![sample business plan of restaurants Man mapping out a restaurant business plan](https://getsling.com/wp-content/uploads/2020/03/pasted-image-0-6.png)
In this section, we’ll show you what to include in an effective restaurant business plan and provide a brief example of each component.
1) Executive Summary
You should always start any business plan with an executive summary. This gives the reader a brief introduction into common elements, such as:
- Mission statement
- Overhead costs
- Labor costs
- Return on investment (ROI)
This portion of your plan should pique the reader’s interest and make them want to read more.
Fanty & Mingo’s is a 50-seat fine-dining restaurant that will focus on Sweruvian (Swedish/Peruvian) fusion fare.
We will keep overhead and labor costs low thanks to simple but elegant decor , highly skilled food-prep staff, and well-trained servers.
Because of the location and surrounding booming economy, we estimate ROI at 20 percent per annum.
2) Mission Statement
A mission statement is a short description of what your business does for its customers, employees, and owners.
This is in contrast to your business’s vision statement which is a declaration of objectives that guide internal decision-making.
While the two are closely related and can be hard to distinguish, it often helps to think in terms of who, what, why, and where.
The vision statement is the where of your business — where you want your business to be and where you want your customers and community to be as a result.
The mission statement is the who , what , and why of your business — it’s an action plan that makes the vision statement a reality
Here’s an example of a mission statement for our fictional company:
Fanty and Mingo’s takes pride in making the best Sweruvian food, providing fast, friendly, and accurate service. It is our goal to be the employer of choice and offer team members opportunities for growth, advancement, and a rewarding career in a fun and safe working environment.
3) Company Description
![sample business plan of restaurants Taking notes on restaurant business plan](https://getsling.com/wp-content/uploads/2020/02/restaurant-business-plan_8.png)
In this section of your restaurant business plan, you fully introduce your company to the reader. Every business’s company description will be different and include its own pertinent information.
Useful details to include are:
- Owner’s details
- Brief description of their experience
- Legal standing
- Short-term goals
- Long-term goals
- Brief market study
- An understanding of the trends in your niche
- Why your business will succeed in these market conditions
Again, you don’t have to include all of this information in your company description. Choose the ones that are most relevant to your business and make the most sense to communicate to your readers.
Fanty & Mingo’s will start out as an LLC, owned and operated by founders Malcolm Reynolds and Zoe Washburne. Mr. Reynolds will serve as managing partner and Ms. Washburne as general manager.
We will combine atmosphere, friendly and knowledgeable staff, and menu variety to create a unique experience for our diners and to reach our goal of high value in the fusion food niche.
Our gross margin is higher than industry average, but we plan to spend more on payroll to attract the best team.
We estimate moderate growth for the first two years while word-of-mouth about our restaurant spreads through the area.
4) Market Analysis
A market analysis is a combination of three different views of the niche you want to enter:
- The industry as a whole
- The competition your restaurant will face
- The marketing you’ll execute to bring in customers
This section should be a brief introduction to these concepts. You can expand on them in other sections of your restaurant business plan.
The restaurant industry in our chosen location is wide open thanks in large part to the revitalization of the city’s center.
A few restaurants have already staked their claim there, but most are bars and non-family-friendly offerings.
Fanty & Mingo’s will focus on both tourist and local restaurant clientele. We want to bring in people that have a desire for delicious food and an exotic atmosphere.
We break down our market into five distinct categories:
- High-end singles
- Businessmen and businesswomen
We will target those markets to grow our restaurant by up to 17 percent per year.
![sample business plan of restaurants restaurant menu board](https://getsling.com/wp-content/uploads/2020/02/restaurant-business-plan_3.png)
Every restaurant needs a good menu, and this is the section within your restaurant business plan that you describe the food you’ll serve in as much detail as possible.
You may not have your menu design complete, but you’ll likely have at least a handful of dishes that serve as the foundation of your offerings.
It’s also essential to discuss pricing and how it reflects your overall goals and operating model. This will give potential investors and partners a better understanding of your business’s target price point and profit strategy.
We don’t have room to describe a sample menu in this article, but for more information on menu engineering, menu pricing, and even a menu template, check out these helpful articles from the Sling blog:
- Menu Engineering: What It Is And How It Can Increase Profits
- Restaurant Menu Pricing: 7 Tips To Maximize Profitability
- How To Design Your Menu | Free Restaurant Menu Template
6) Location
In this section, describe your potential location (or locations) so that you and your investors have a clear image of what the restaurant will look like.
Include plenty of information about the location — square footage, floor plan , design , demographics of the area, parking, etc. — to make it feel as real as possible.
We will locate Fanty & Mingo’s in the booming and rapidly expanding downtown sector of Fort Wayne, Indiana.
Ideally, we will secure at least 2,000 square feet of space with a large, open-plan dining room and rich color scheme near the newly built baseball stadium to capitalize on the pre- and post-game traffic and to appeal to the young urban professionals that live in the area.
Parking will be available along side streets and in the 1,000-vehicle parking garage two blocks away.
7) Marketing
![sample business plan of restaurants Chef working in a restaurant](https://getsling.com/wp-content/uploads/2020/03/pasted-image-0-3.png)
The marketing section of your restaurant business plan is where you should elaborate on the information you introduced in the Market Analysis section.
Go into detail about the plans you have to introduce your restaurant to the public and keep it at the top of their mind.
Fanty & Mingo’s will employ three distinct marketing tactics to increase and maintain customer awareness:
- Word-of-mouth/in-restaurant marketing
- Partnering with other local businesses
- Media exposure
We will direct each tactic at a different segment of our potential clientele in order to maximize coverage.
In the process of marketing to our target audience, we will endeavor to harness the reach of direct mail and broadcast media, the exclusivity of the VIP party, and the elegance of a highly trained sommelier and wait staff.
8) Financials
Even though the Financials section is further down in your restaurant business plan, it is one of the most important components for securing investors and bank funding.
We recommend hiring a trained accountant to help you prepare this section so that it will be as accurate and informative as possible.
Fanty & Mingo’s needs $250,000 of capital investment over the next year and a half for the following:
- Renovations to leased space
- Dining room furniture
- Kitchen and food-prep equipment
- Liquor license
Projected profit and loss won’t jump drastically in the first year, but, over time, Fanty & Mingo’s will develop its reputation and client base. This will lead to more rapid growth toward the third and fourth years of business.
![sample business plan of restaurants working on restaurant business plan](https://getsling.com/wp-content/uploads/2020/02/restaurant-business-plan_5.png)
Most entrepreneurs starting a new business find it valuable to have multiple formats of their business plan.
The information, data, and details remain the same, but the length and how you present them will change to fit a specific set of circumstances.
Below we discuss the four most common business plan formats to cover a multitude of potential situations.
Elevator Pitch
An elevator pitch is a short summary of your restaurant business plan’s executive summary.
Rather than being packed full of details, the elevator pitch is a quick teaser of sorts that you use on a short elevator ride (hence the name) to stimulate interest in potential customers, partners, and investors
As such, an effective elevator pitch is between 30 and 60 seconds and hits the high points of your restaurant business plan.
A pitch deck is a slide show and oral presentation that is designed to stimulate discussion and motivate interested parties to investigate deeper into your stakeholder plan (more on that below).
Most pitch decks are designed to cover the executive summary and include key graphs that illustrate market trends and benchmarks you used (and will use) to make decisions about your business.
Some entrepreneurs even include time and space in their pitch deck to demonstrate new products coming down the pipeline.
This won’t necessarily apply to a restaurant business plan, but, if logistics permit, you could distribute small samples of your current fare or tasting portions of new dishes you’re developing.
Stakeholder Plan (External)
A stakeholder plan is the standard written presentation that business owners use to describe the details of their business model to customers, partners, and potential investors.
The stakeholder plan can be as long as is necessary to communicate the current and future state of your business, but it must be well-written, well-formatted, and targeted at those looking at your business from the outside in.
Think of your stakeholder plan as a tool to convince others that they should get involved in making your business a reality. Write it in such a way that readers will want to partner with you to help your business grow.
Management Plan (Internal)
A management plan is a form of your restaurant business plan that describes the details that the owners and managers need to make the business run smoothly.
While the stakeholder plan is an external document, the management plan is an internal document.
Most of the details in the management plan will be of little or no interest to external stakeholders so you can write it with a higher degree of candor and informality.
![sample business plan of restaurants Sling app for managing a restaurant business plan](https://getsling.com/wp-content/uploads/2020/03/pasted-image-0-4.png)
After you’ve created your restaurant business plan, it’s time to take steps to make it a reality.
One of the biggest challenges in ensuring that your business runs smoothly and successfully is managing and optimizing your team. The Sling app can help.
Sling not only includes powerful and intuitive artificial-intelligence-based scheduling tools but also many other features to help make your workforce management more efficient, including:
- Time and attendance tracking
- Built-in time clock
- Labor cost optimization
- Data analysis and reporting
- Messaging and communication
- And much more…
![sample business plan of restaurants Sling's scheduling feature](https://getsling.com/wp-content/uploads/2020/03/pasted-image-0.png)
With Sling, you can schedule faster, communicate better, and organize and manage your work from a single, integrated platform. And when you use Sling for all of your scheduling needs, you’ll have more time to focus on bringing your restaurant business plan to life.
For more free resources to help you manage your business better, organize and schedule your team, and track and calculate labor costs, visit GetSling.com today.
See Here For Last Updated Dates: Link
This content is for informational purposes and is not intended as legal, tax, HR, or any other professional advice. Please contact an attorney or other professional for specific advice.
Find the article useful? Share with others:
![sample business plan of restaurants New call-to-action](https://no-cache.hubspot.com/cta/default/20175504/ac6cbb20-bd85-4da8-bd73-6d95d92cc0de.png)
Related articles
![sample business plan of restaurants Restaurant Mission Statement](https://getsling.com/wp-content/uploads/2019/07/pasted-image-0-25.png)
How To Write Your Ideal Restaurant Mission Statement + 15 Inspiring Examples
Whether you run a one-person food cart, a small eatery with fewer than five empl...
![sample business plan of restaurants typewriter with business goals](https://getsling.com/wp-content/uploads/2021/06/business-goals_3.png)
12 Examples of Small Business Goals, Plus How to Achieve Your Own
Want to improve the way your business operates? Learn some of the more common bu...
![sample business plan of restaurants laptop displaying a restaurant website](https://getsling.com/wp-content/uploads/2017/03/image03-9.jpg)
55 Restaurant Marketing Tips To Win Your Market
Discover the best restaurant marketing tips and learn how you can harness onlin...
Get started today
Schedule faster, communicate better, get things done.
![](http://writinghelp.online/777/templates/cheerup/res/banner1.gif)
Don't bother with copy and paste.
Get this complete sample business plan as a free text document.
Small Restaurant Business Plan
Start your own small restaurant business plan
Bistro Locale
Value proposition.
Bistro Locale offers an intimate and authentic dining experience by serving fresh, seasonal dishes inspired by local flavors and ingredients. With its warm, inviting atmosphere and exceptional customer service, it provides a unique destination for food lovers seeking a local, high-quality dining experience.
The Problem
Many restaurants offer generic, mass-market menus, lacking the charm, authenticity, and personal touch that discerning diners seek. There’s a need for a dining destination that offers a menu deeply rooted in the local culinary culture, showcasing the region’s finest ingredients.
The Solution
Bistro Locale fills this gap by offering a rotating menu based on the seasons and local produce availability. With dishes prepared with passion and attention to detail, the restaurant provides a unique dining experience that supports local farmers and celebrates the community’s culinary heritage.
Target Market
The primary target market includes local residents who appreciate high-quality, locally-sourced food, as well as tourists seeking an authentic regional dining experience. The secondary market includes local businesses looking for catering services for corporate events or meetings.
Competitors & Differentiation
Current alternatives.
- Chain restaurants
- Other local independent restaurants
- Fast-food restaurants
- Food delivery services
Bistro Locale differentiates itself by emphasizing local produce and seasonal menus, offering diners an authentic, high-quality dining experience that truly represents the region’s culinary heritage. The restaurant’s intimate atmosphere and top-notch customer service also contribute to a unique and memorable dining experience.
Funding Needs
The initial investment for property lease, kitchen equipment, renovation, inventory, and working capital is estimated at $200,000.
Sales Channels
- Bistro Locale physical location
- Online reservations via the restaurant website
- Food delivery apps for takeout orders
- Catering services
Marketing Activities
- Social Media Campaigns
- Local SEO and Content Marketing
- Collaborations with Local Farms and Businesses
- Email Marketing and Special Promotions
- Participating in Local Food Festivals and Events
Financial Projections
2023: $250,000
2024: $280,000
2025: $315,000
Expenses/Costs
2023: $180,000
2024: $195,000
2025: $210,000
2023: $70,000
2024: $85,000
2025: $105,000
- Obtain necessary permits and licenses — June 1, 2023
- Complete renovations and set up — August 1, 2023
- Launch website and social media accounts — September 1, 2023
- Open for business — October 1, 2023
- Start offering catering services — January 1, 2024
- Achieve consistent monthly profitability — June 1, 2024
- Participate in the local food festival — September 1, 2024
Team and Key Roles
Owner/operator.
Responsible for overseeing the daily operations of Bistro Locale, including menu planning, inventory management, and staff training.
Oversees kitchen operations, ensures food safety practices, manages kitchen staff, and collaborates on menu development.
Front-of-House Manager
Manages the customer service aspect, oversees front-of-house staff, ensures a clean and welcoming environment, and handles customer complaints and feedback.
Partnerships & Resources
The purpose of these partnerships is to build a successful restaurant business that delivers quality and value to its customers while supporting the local economy and community.
Local Farmers and Food Suppliers
Partner with local farms and food suppliers to source fresh, high-quality ingredients and support local economic development.
Food Delivery Apps
Collaborate with popular food delivery apps to offer delivery services, making it easier for customers to enjoy Bistro Locale’s meals from the comfort of their homes or offices.
Community Organizations
Engage with local community organizations to host charity events, fundraisers, and community gatherings, positioning Bistro Locale as a community-conscious business.
Local Businesses
Develop partnerships for catering services, offering special rates and deals to encourage local businesses to use our services for their events and meetings.
Wine and Beverage Suppliers
Collaborate with local wineries and beverage suppliers to offer a diverse selection of regional wines and drinks that pair well with the menu and highlight local products.
Through these partnerships, Bistro Locale can effectively integrate into the local community, promote sustainable and local sourcing, and contribute to the local economy, while providing an authentic and high-quality dining experience to its customers.
![Garrett's Bike Shop Garrett's Bike Shop](https://web-cdn.paloalto.com/oim-units/investor-pitch/garrett-card.png?format=auto&width=267&height=185)
The quickest way to turn a business idea into a business plan
Fill-in-the-blanks and automatic financials make it easy.
No thanks, I prefer writing 40-page documents.
![LivePlan pitch example LivePlan pitch example](https://web-cdn.paloalto.com/bplans/lp-footer/garrett.png?format=auto&width=265&height=151)
Discover the world’s #1 plan building software
![sample business plan of restaurants](https://web-cdn.paloalto.com/bplans/lp-footer/minimize-white.png?format=auto&width=20&height=12)
- Canada (EN)
- Canada (FR)
- Deutschland
- Netherlands
- United Arab Emirates
- United Kingdom
- United States
- Take reservations
- Market your restaurant
- Run smoother shifts
- Sell events & experiences
- Manage reviews
- Manage guest profiles
- View all restaurant solutions
- Robust reporting and insights
- The largest diner network
- 24/7 customer support
- For restaurants
- For restaurant groups & enterprise
- For bars & wineries
- For hotels & casinos
- Integrations
- Pricing and plans
- View all industry insights
- Industry expertise Get advice and tactics from top industry authorities.
- Hospitality Find out how the most successful restaurants make every guest feel like a VIP.
- Marketing Learn how to bring new guests to the table with the latest tech, tools, and ideas for every marketing budget.
- Operations How to iron out operations for shifts smooth as butter.
- Industry trends
- Product innovation
- Advisory board
- Case studies
- Get started
How to write a restaurant business plan
![sample business plan of restaurants](https://www.kayak.com/rimg/dimg/dynamic/376-1710790373-d2366b994919447ef2010cfcc463e14e-scaled.jpeg?width=150&height=150&crop=true)
A small restaurant business plan is the roadmap you use to open a successful spot. As a first step to creating yours, ask your friends and colleagues to share restaurant business plan examples. Their restaurant business plan samples can inspire yours.
Once you’ve studied those examples, it’s time to start writing your own. No matter how much thought you’ve put into your concept or how many trusted colleagues have assured you of its greatness, you must write a restaurant business plan. It will prove the viability of your concept to potential investors and provide them with a clear and engaging answer to the question: “Why does the world need this restaurant?”
“The point of a business plan is to show that you’ve done your homework,” says Charles Bililies, owner of Souvla , a fine casual Greek restaurant in San Francisco that has received national acclaim since opening in the spring of 2014.
“You have to show any potential investor that you have an actual plan, you know what you’re talking about, it looks professional, and you’re not just screwing around.”
Quick links Branded cover Table of contents Concept Sample menu Service Management team Design Target market Location Market overview Marketing and publicity Specialists and consultants Business structure Financials
1. Branded cover
Include your logo (even if it’s not finalized), the date, and your name.
2. Table of contents
A table of contents in a restaurant business plan provides an organized overview of the document’s structure and content. It typically appears at the beginning of the plan and lists the major sections and subsections with their corresponding page numbers.
The table of contents is important for several reasons. Firstly, it allows readers to quickly navigate through the plan, enabling easy access to specific sections of interest. Secondly, it helps in presenting a professional and well-structured document, showing that you have carefully organized your thoughts and ideas. It also improves readability and comprehension, as readers can easily locate and refer back to relevant information
![sample business plan of restaurants Image depicts a restaurant worker in a new restaurant.](https://restaurant.opentable.com/resources/wp-content/uploads/sites/468/2023/05/2023-business-plan-sup2.jpg)
3. Restaurant concept
Describe your restaurant concept and get the reader excited about your idea. Specify whether the restaurant will be fine dining or more casual. Include an executive summary and go into detail about the food you’ll be serving, inspiration behind your concept, and an overview of service style.
Define clearly what will be unique about your restaurant and include your mission statement. This section should include a market analysis that shows how your restaurant will be similar and different from competing restaurants.
4. Sample menu
The menu is the most important touchpoint of any restaurant’s brand, so this should be more than just a simple list of items. Incorporate your logo and mock up a formatted menu design (tap a designer for help if needed).
Your sample menu should also include prices that are based on a detailed cost analysis. This will:
- Give investors a clear understanding of your targeted price point
- Provide the info needed to estimate check averages
- Show the numbers used create financial projections for starting costs
- Show investors that you’ve done the homework
- Prove you can stay within a budget
This section is most relevant for:
- Fine-dining concepts
- Concepts that have a unique service style
- Owners who have particularly strong feelings about what role service will play in their restaurant.
It can be a powerful way of conveying your approach to hospitality to investors by explaining the details of the guest’s service experience.
Will your restaurant have counter service and restaurant hostess software designed to get guests on their way as quickly as possible, or will it look more like a theater, with captains putting plates in front of guests simultaneously?
If an extensive wine program is an integral part of what you’re doing, will you have a sommelier? If you don’t feel that service is a noteworthy component of your operation, address it briefly in the concept section.
![sample business plan of restaurants Image depicts two restaurant workers discussing finances.](https://restaurant.opentable.com/resources/wp-content/uploads/sites/468/2023/05/2023-business-plan-sup3.jpg)
6. Management team
Write a brief overview of yourself and the team you have established so far. You want to show that your experience has provided you with the necessary skills to run a successful restaurant and act as a restaurant business owner.
Ideally, once you have described the strong suit of every member of your team, you’ll be presenting a full pitch deck. Most independent restaurant investors are in this for more than just money, so giving some indication of what you value and who you are outside of work may also be helpful.
Incorporate some visuals. Create a mood board that shows images related to the design and feeling of your restaurant.
Whether you’re planning to cook in a wood-burning oven or are designing an eclectic front-of-house, be sure to include those ideas. Photos of materials and snippets of other restaurants that you love that are similar to the brand you’re building are also helpful.
8. Target market
Who is going to eat at your restaurant? What do they do for a living, how old are they, and what’s their average income? Once you’ve described them in detail, reiterate why your specific concept will appeal to them.
![sample business plan of restaurants Image depicts two restaurant workers having a discussion.](https://restaurant.opentable.com/resources/wp-content/uploads/sites/468/2023/05/2023-business-plan-sup1.jpg)
9. Location
There should be a natural and very clear connection between the information you present in the “Target Market” section and this one. You probably won’t have a specific site identified at this point in the process, but you should talk about viable neighborhoods.
Don’t assume that potential investors will be familiar with the areas you’re discussing and who works or lives there—make the connections clear. You want readers to be confident that your restaurant’s “ideal” diner intersects with the neighborhood(s) you’re proposing as often as possible.
If you don’t have a site , this is a good place to discuss what you’re looking for in terms of square footage, foot traffic, parking, freeway accessibility, outdoor seating , and other important details.
10. Market overview
Address the micro and macro market conditions in your area and how they relate to licenses and permits. At a macro level, what are the local and regional economic conditions?
If restaurants are doing poorly, explain why yours won’t; if restaurants are doing well, explain how you’ll be able to compete in an already booming restaurant climate. At a micro level, discuss who your direct competitors are. Talk about what types of restaurants share your target market and how you’ll differentiate yourself.
11. Marketing and publicity
The restaurant landscape is only getting more competitive. Discuss your pre- and post-opening marketing plans to show investors how you plan to gain traction leading up to opening day, as well as how you’ll keep the momentum going.
If you’re going to retain a PR/marketing company, introduce them and explain why you’ve chosen them over other companies (including some of their best-known clients helps). If not, convey that you have a solid plan in place to generate attention on your own through social media, your website , and media connections.
![sample business plan of restaurants Image depicts two restaurant workers having a discussion over a tablet.](https://restaurant.opentable.com/resources/wp-content/uploads/sites/468/2023/05/2023-business-plan-sup4.jpg)
12. Specialists and consultants
List any outside contractors you plan to retain, such as:
- General contractor
- PR and marketing
Briefly explain the services they’ll be providing for you, why you chose them, and any notable accomplishments.
13. Business structure
This section should be short and sweet. What type of business structure have you set up and why did you make that specific decision? You will need to work with an attorney to help you determine what business structure is best for you.
“Step one: write a business plan. Step two: hire a good attorney. In addition to helping me build a smart, sustainable business structure, my attorney was also a great resource for reviewing my business plan because she’s read thousands of them. She was a very helpful, experienced outside perspective for more than just legal matters,” says Charles Bililies.
14. Financial projections
Let your accountant guide you through this portion of your business plan. It is crucial that whoever you hire to help you with your finances has a wealth of restaurant experience (not just one or two places). They should be familiar with the financial specifics of starting a restaurant and know what questions to ask you.
Before creating realistic financial projections, your accountant will want to know:
- How many seats the restaurant will have
- What your average check will be
- How many covers per day you plan to do
Being conservative in these estimations is key. These three data points will be used as the basis for figuring out whether your concept is financially feasible.
Lou Guerrero, Principal at Kross, Baumgarten, Kniss & Guerrero, emphasizes, “You’ll get a lot of accountants that tell you that they’ve done a couple of restaurants, but you have to choose someone that has a deep expertise in what you’re doing. There’s nothing to gain from going with someone that doesn’t have a very restaurant-centric practice.”
A well-vetted accountant with restaurant experience will know exactly what you’ll need to have prepared to show investors.
The key projections you can expect to work on are:
- Pro forma profit and loss statement for the first three to five years of operation
- Break even analysis
- Capital requirements budget
Writing a comprehensive restaurant business plan is a crucial step towards opening a successful establishment. By seeking inspiration from examples, demonstrating your expertise, and addressing all the essential components, you can prove the viability of your concept to potential investors.
Remember, a well-prepared business plan demonstrates professionalism and a clear understanding of your goals, increasing your chances of achieving long-term success in the competitive restaurant industry.
Discover how OpenTable can take your business where you want to go
Take the Quiz
Explore more articles
![sample business plan of restaurants](https://restaurant.opentable.com/resources/wp-content/uploads/sites/468/2023/04/floorplan_article_header_1920x1312-min-1.jpg)
- Restaurant reservation software
- Digital marketing solutions
- Restaurant table management
- Online ordering for restaurants
- Experiences
- Reputation and reviews
- Relationship management
- OpenTable integrations
- For restaurant groups
- For bars and wineries
- For hotels and casinos
- The best customer service
- Private dining
- Data & security
- Online waitlist
- Benchmark reporting
- Direct messaging
- About OpenTable
- New on OpenTable
Need help deciding which option is best for you? Give us a call at
(866) 951-7154
- Privacy Policy
- Terms of Use
- Cookies and Interest-Based Ads
- Do Not Sell My Info (California)
Earn a $500 gift card when an eligible restaurant you refer joins OpenTable*
*terms and conditions apply
![sample business plan of restaurants Growthink logo white](https://www.growthink.com/wp-content/uploads/Logo-White-3.png)
Sample Restaurant Business Plans For a New Business Owner
![sample business plan of restaurants examples of a restaurant business plan](https://www.growthink.com/wp-content/uploads/examples-of-a-restaurant-business-plan.jpg)
Writing a business plan is an essential part of starting a restaurant. Not only does it provide a roadmap for the future but it also helps to create funding opportunities and attract potential investors. For new business owners, having access to sample restaurant business plans can be especially helpful in providing direction and insights into how to write a restaurant business plan on their own.
Download our Ultimate Restaurant Business Plan Template
Having a comprehensive business plan in place is vital for any successful restaurant venture. It will serve as the foundation for your operations, setting out the goals and objectives that will help guide your decisions and actions. A well-written business plan will help you understand your restaurant’s startup costs and can also give you clarity on realistic financial projections and help you secure financing from investors and/or get a loan to start a restaurant. Examples of restaurant business plans are great resources to draw upon when creating your own plan to ensure that all the key elements are included in your document.
Below is an example restaurant business plan to help you see what one should look like. It is not however nearly as comprehensive and successful in raising capital for your restaurant as Growthink’s Ultimate Restaurant Business Plan Template , but it can help you write a business plan for your restaurant.
Restaurant Business Plan Example #1 – Black Pearl Seafood Restaurant
Table of contents.
Executive Summary
Company Overview
Industry analysis, customer analysis, competitive analysis, marketing plan, operations plan, management team, financial plan.
The Black Pearl Seafood Restaurant is a high-end seafood restaurant located in the heart of the historic district in New Orleans, LA. The restaurant will serve fresh seafood dishes with a modern twist and provide an unforgettable culinary experience for its guests.
The Black Pearl Seafood Restaurant is seeking to raise $200,000 in startup capital from a group of private investors. The funds will be used to cover the costs of building out the restaurant’s specific location, purchasing equipment and supplies, and hiring staff.
The Black Pearl Seafood Restaurant has a projected annual revenue of $1,200,000 and is expected to be profitable within its first year of operation. The restaurant’s target market is affluent diners who are looking for an exquisite seafood dining experience.
The Black Pearl Seafood Restaurant offers a unique and innovative menu that features fresh seafood dishes with a modern twist. The restaurant’s menu includes items such as:
- Blackened salmon with shrimp and grits
- Fried catfish po’ boy with remoulade sauce
- Grilled Louisiana shrimp skewers
- Crawfish etouffee
- Shrimp gumbo
The Black Pearl Seafood Restaurant also offers a wide selection of wine and beer to complement its menu.
Company Description
The Black Pearl Seafood Restaurant is owned and operated by John Doe. Mr. Doe has over 10 years of experience in the food and beverage industry. He has worked as a chef at several renowned restaurants in New Orleans and has also owned and operated his own catering business.
The Black Pearl Seafood Restaurant will be located at 123 Main Street in New Orleans, LA. The restaurant will occupy a 3,000-square-foot space that was formerly occupied by a pizzeria. The location is in close proximity to several hotels and tourist attractions, which will generate significant foot traffic for the business. It is also located within walking distance of the Central Business District attracting local office workers and residents.
The Black Pearl Seafood Restaurant will have a seating capacity of 60 guests. The restaurant will also have a full-service bar that will serve beer, wine, and cocktails.
The seafood restaurant industry is one of the fastest-growing segments of the food service industry. Over the past five years, the industry has experienced strong growth due to an increase in the popularity of seafood as a healthy dietary choice.
The seafood restaurant industry is expected to continue to grow over the next five years as consumers’ preference for healthy and delicious food continues to rise. In addition, the industry will benefit from an increase in per capita disposable income, which will allow consumers to spend more on dining out.
Other Industry Analysis Points
- The seafood restaurant industry is regulated by the FDA
- Changes in government policies could impact the industry
- The seafood restaurant industry is sensitive to changes in the economy
- An economic downturn could lead to a decline in revenue and profit margins
- The seafood restaurant industry is influenced by consumer trends and preferences
- Health-conscious consumers are increasingly seeking out seafood as a healthy dietary choice
Technological:
- The seafood restaurant industry is impacted by advances in food technology
- New cooking techniques and equipment can help to improve the quality of dishes served
- The seafood restaurant industry is subject to food safety and sanitation regulations
- Changes in the law could impact the way that restaurants operate
Environmental:
- The seafood restaurant industry is impacted by changes in the environment
- The quality of seafood dishes can be impacted by pollution and other environmental factors
The Black Pearl Seafood Restaurant will target two primary customer market segments: tourists and local residents.
The tourist market segment consists of individuals who are visiting New Orleans for leisure or business purposes. This market segment is significant for the business as it represents a large portion of the city’s population. New Orleans is a major tourist destination, with over 16 million visitors per year.
The local resident market segment consists of individuals who live and work in New Orleans. This market segment is significant for the business as it represents a stable source of income. Local residents are more likely to visit the restaurant on a regular basis and recommend it to friends and family.
Competitor Analysis
The Black Pearl Seafood Restaurant will compete in the seafood restaurant industry. Through our competitive research, the restaurant’s closest direct competitors will be Red Fish Grill, Bourbon House, and GW Fins.
The Black Pearl Seafood Restaurant will compete in the seafood restaurant industry. The restaurant’s closest competitors will be Red Fish Grill, Bourbon House, and GW Fins.
Red Fish Grill is a seafood restaurant located in the French Quarter of New Orleans. The restaurant offers a casual dining experience with a menu that features fresh seafood dishes.
Bourbon House is a seafood restaurant located in the French Quarter of New Orleans. The restaurant offers a more upscale dining experience with a menu that features fresh seafood and steak dishes.
GW Fins is a seafood restaurant located in the Warehouse District of New Orleans. The restaurant offers an upscale dining experience with a menu that features fresh seafood dishes.
The Black Pearl Seafood Restaurant will differentiate itself from its competitors by offering a more innovative and modern menu with fresh seafood dishes that are prepared using unique cooking techniques. In addition, the restaurant will provide a superior level of customer service and create an unforgettable dining experience for its guests.
Our competitive advantages include:
- Unique menu with fresh seafood dishes that are prepared using unique cooking techniques
- Superior level of customer service
Products : The Black Pearl Seafood Restaurant will serve a variety of fresh seafood dishes that are prepared using unique cooking techniques.
Price : The price of menu items will be competitive with other seafood restaurants in the area.
Promotion : The Black Pearl Seafood Restaurant will use a combination of marketing strategies to promote the business and attract customers.
- Develop a website and create social media accounts to reach a wider audience
- Develop a promotional video to generate interest in the restaurant
- Participate in local food festivals and events to generate awareness
- Launch a targeted advertising campaign in local publications and on radio and television
- Develop relationships with local tour operators to promote the restaurant to visitors
- Offer discounts and special promotions to generate repeat business
Place : The Black Pearl Seafood Restaurant will be located in the French Quarter of New Orleans.
The Black Pearl Seafood Restaurant will be open for lunch and dinner seven days a week. The restaurant will be closed on Thanksgiving and Christmas Day.
The Black Pearl Seafood Restaurant will source seafood from local suppliers and growers to ensure the freshest ingredients are used in dishes.
The restaurant will use a point-of-sale system to manage inventory and track sales.
The restaurant will seat up to 100 guests at a time. Reservations will be accepted for parties of eight or more. Walk-in guests will be accommodated on a first-come, first-served basis.
The Black Pearl Seafood Restaurant will have a staff of 20 employees, including a head chef, sous chefs, kitchen staff, servers, and hostesses.
The Black Pearl Seafood Restaurant will be owned and operated by John and Jane Doe.
John Doe has over 10 years of experience in the restaurant industry. He has worked as a chef, manager, and consultant for a variety of restaurants.
Jane Doe has over 20 years of experience in the hospitality industry. She has worked as a hotel manager, event planner, and marketing consultant.
The Black Pearl Seafood Restaurant will have start-up costs of $500,000. The majority of the start-up costs will be for leasing and outfitting the restaurant space. Other start-up costs include purchasing kitchen equipment, hiring staff, and marketing the business.
The Black Pearl Seafood Restaurant is projected to generate $1.5 million in sales in the first year of operation. The restaurant is expected to have net profits of $250,000 in the first year.
Sample Menu
Appetizers:
- Jumbo shrimp cocktail
- Oysters Rockefeller
Soups and salads:
- Seafood bisque
- Caesar salad with grilled shrimp
- House salad with tuna steak
- Spinach salad with scallops
- Shrimp scampi
- Surf and turf (filet mignon and lobster tail)
- Grilled salmon with roasted vegetables
- Blackened redfish
- Bread pudding with rum sauce
- Bananas Foster
- Cheesecake with berry sauce
- Key lime pie
- Soda, coffee, tea, milk
- Beer, wine, cocktails
Financial Projections
Balance sheet.
[insert financial statement]
Income Statement
Cash flow statement, restaurant business plan example #2 – la cocina de el paso: home of authentic mexican cuisine.
La Cocina de El Paso is a restaurant that specializes in serving authentic Mexican cuisine. The owners, John and Jane Doe, have over 30 years of combined experience in the hospitality and restaurant industry. This wealth of experience will ensure the success and longevity of the business.
Located in the heart of El Paso, La Cocina de El Paso will offer a relaxed and welcoming atmosphere. Guests can expect to be served freshly made dishes, prepared with only the freshest ingredients. The restaurant will also serve a selection of beer, wine, and cocktails.
La Cocina de El Paso will cater to both locals and tourists alike. To promote the business, the owners plan to launch an aggressive marketing campaign that will include print ads, radio spots, and social media. In addition, the restaurant will partner with local businesses to offer discounts and promotional offers.
The owners have estimated start-up costs of $500,000. The majority of this amount will be used to lease and outfit the restaurant space. Income is projected to reach $1.75 million within the first year of operations, with net profits of $350,000.
La Cocina de El Paso is an upcoming restaurant that will offer authentic Mexican cuisine. The restaurant will be located in downtown El Paso, Texas, and will feature a relaxed atmosphere with seating for up to 150 guests.
The restaurant will utilize only the freshest ingredients in its dishes and offer a selection of beer, wine, and cocktails. The menu will feature appetizers, soups and salads, entrees, desserts, and drinks.
The restaurant industry is highly competitive. In particular, Mexican cuisine has gained popularity in recent years. To succeed, La Cocina de El Paso must differentiate itself from other restaurants in the area.
The restaurant will focus on offering fresh and authentic Mexican cuisine with a welcoming atmosphere. The owners plan to partner with local businesses and offer discounts and promotional offers. In addition, the owners plan to launch an aggressive marketing campaign that will include print ads, radio spots, and social media.
The target market for La Cocina de El Paso will be both locals and tourists. The restaurant is located in a tourist area and is close to several attractions. As such, it will be well-positioned to attract customers from out of town as well as local residents.
The restaurant will serve a variety of customers, including young adults and families. To appeal to this demographic, the restaurant will offer an inviting atmosphere with comfortable seating and a selection of entertainment options. Additionally, the menu will feature authentic Mexican dishes that are sure to please all tastes.
Ideal Customer Demographics:
- Young adults: ages 18-34
- Local residents
Psychographics:
- Adventurous eaters
- Value conscious
- Seeking authentic experiences
There are several other restaurants in El Paso that specialize in Mexican cuisine. Main competitors include El Paso’s Best, El Taco Loco, and Casa Azul.
El Paso’s Best is the area’s premier Mexican restaurant. The food is of high quality and the atmosphere is casual yet upscale. Prices are slightly higher than La Cocina de El Paso, but the quality of the food makes it worth the price.
El Taco Loco is a fast-food Mexican restaurant. The food is inexpensive, but the quality is not as high as La Cocina de El Paso.
Casa Azul is a family-style Mexican restaurant with more of a casual atmosphere. Prices are slightly lower than La Cocina de El Paso and the menu features traditional Mexican dishes.
To differentiate itself, La Cocina de El Paso will focus on fresh ingredients and authentic Mexican dishes. The restaurant will also offer a selection of beer, wine, and cocktails, as well as discounts and promotional offers. Finally, the owners plan to launch an aggressive marketing campaign that will help spread the word about La Cocina de El Paso.
To attract customers, La Cocina de El Paso will focus on marketing its fresh and authentic Mexican cuisine.
Below is a sample menu for La Cocina de El Paso, featuring traditional Mexican dishes and a selection of beer, wine, and cocktails.
- Quesadillas
- Guacamole and Chips
- Stuffed Jalapenos
- Queso fundido, taquitos
Soups & Salads:
- Chicken Tortilla Soup
- Caldo de Res (Beef Soup)
- Taco Salad with Ground Beef or Grilled Chicken
- Ensalada de la Casa (House Salad)
- Ensalada Fresca (Fresh Salad)
- Tacos al Carbon (Grilled Steak Tacos)
- Fajitas (Steak, Chicken, or Vegetarian)
- Chiles Rellenos (Stuffed Peppers)
- Carne Asada con Papas
- Camarones a la Diabla
- Enchiladas Verdes
- Churros con Chocolate
- Tres Leches Cake
- Flan Napolitano
- Beer & Wine
Promotions:
The restaurant will offer promotional discounts and specials. For example, customers who purchase two entrees may receive a complimentary appetizer or dessert. The owners plan to partner with local businesses to offer additional discounts and promotional offers.
La Cocina de El Paso will offer competitive pricing. Prices will be slightly lower than El Paso’s Best, but higher than El Taco Loco and Casa Azul.
The restaurant will be located in downtown El Paso, close to several attractions and tourist sites. The owners hope that the convenient location will help bring in both tourists and local residents.
Marketing Mix
To reach its target customers, La Cocina de El Paso will use a combination of traditional marketing strategies such as print ads, radio spots, and TV commercials, as well as digital marketing tactics such as content marketing, social media campaigns, email newsletters, and online advertising.
- Print Advertising : The owners plan to run print ads in local newspapers and magazines that target young adults and families.
- Radio & TV Spots : The restaurant will also air radio spots and TV commercials that feature its menu items and promotional offers.
- Content Marketing : La Cocina de El Paso will create content that highlights the freshness of its ingredients and the authenticity of its Mexican dishes. The content will be shared on social media, in email newsletters, and on the restaurant’s website.
- Social Media Campaigns : The restaurant will run campaigns on Facebook and Instagram that feature customer reviews, contests, and giveaways.
- Online Advertising : The owners plan to use Google Ads and other online platforms to reach potential customers.
The owners of La Cocina de El Paso are confident that their marketing strategy will help the restaurant stand out from its competitors and attract customers. With its fresh and authentic Mexican cuisine, competitive prices, convenient location, and aggressive marketing campaigns, La Cocina de El Paso is sure to be a success.
Collaborative Promotion: The owners of La Cocina de El Paso plan to partner with local businesses in order to create mutually beneficial promotional offers. For example, the restaurant may offer discounts to customers who use services from one of its partners. The owners believe that this type of collaborative promotion will help draw in more customers and generate additional revenue for the business.
Events: La Cocina de El Paso plans to host events such as cooking classes and live music performances in order to build relationships with customers and increase brand awareness. The restaurant will also use these events to showcase the freshness of its ingredients, its Mexican cuisine, and the quality of its drinks (margaritas, beer & wine, cocktails).
These strategies are designed to help La Cocina de El Paso build a strong customer base and become a popular destination in downtown El Paso. The owners are confident that these tactics will help the restaurant stand out and create a positive impact on the local community.
La Cocina de El Paso will have a skilled team of servers, cooks, and bartenders who are knowledgeable about the restaurant’s Mexican cuisine. The owners plan to focus on delivering high-quality customer service in order to ensure customers have a great experience. The owners also plan to invest in modern kitchen equipment that can help streamline the cooking process.
The restaurant will be open from 11 am to 10 pm on weekdays and from 11 am to 11 pm on weekends. The owners plan to hire additional staff during peak hours in order to handle the influx of customers. The owners also plan to use advanced reservation systems and delivery services to accommodate customers who would prefer not to wait in line.
The owners of La Cocina de El Paso have extensive experience in the restaurant industry. They plan to hire a team of experienced managers who can handle day-to-day operations and ensure that the restaurant runs smoothly. The management team will also be responsible for developing marketing strategies, overseeing staff training programs, and creating promotional offers.
The job description for the management team includes:
- Overseeing day-to-day operations
- Developing marketing strategies and managing promotional campaigns
- Creating training programs for staff members
- Handling customer inquiries and complaints
- Ensuring that food safety standards are met
- Analyzing data to identify areas for improvement.
The total start-up cost of La Cocina de El Paso is estimated at $500,000.
This includes:
- $100,000 for lease deposits and renovations costs;
- $200,000 for furniture and fixtures;
- $50,000 for marketing and advertising;
- $50,000 for kitchen equipment;
- $100,000 for the salary of the management team.
The owners plan to finance the start-up costs through a combination of their personal savings and bank loans. They also plan to generate additional revenue by offering catering services and hosting special events at the restaurant.
The financial forecast for La Cocina de El Paso is optimistic. The owners expect to break even in the first year of operations and reach profitability within five years.
Free Restaurant Business Plan Example PDF
Download our restaurant business plan pdf here. This is a free restaurant business plan example to help you get started on your own restaurant plan.
How to Finish Your Restaurant Business Plan in 1 Day!
Don’t you wish there was a faster, easier way to finish your restaurant business plan?
With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less!
![sample business plan of restaurants Growthink logo white](https://www.growthink.com/wp-content/uploads/Logo-White-1-300x88.png)
- Sample Business Plans
- Food, Beverage & Restaurant
Restaurant Business Plan
![sample business plan of restaurants Executive summary image](https://static-web.upmetrics.co/wp-content/uploads/2022/07/First-Graphic-of-page-Cta-01.png)
You have cracked the recipe for good food & great ambiance and are planning to start a restaurant, fantastic!
Whether starting a cozy corner cafe, a theme-based fine dining restaurant, or growing an existing one, you will need a restaurant business plan as a roadmap for your business success.
But writing a business plan is complex, isn’t it? That is why we are here with our comprehensive restaurant business plan template to help you in writing yours.
Key Takeaways
- Highlight the concept of the restaurant along with the ambiance, types of cuisines, customer base, and USPs of the restaurant in the plan.
- Utilize tools for SWOT analysis to assess your strengths, weaknesses, opportunities, and threats for making informed decisions.
- Craft an impactful executive summary that outlines your restaurant’s concept, marketing approach, financial outlook, and team expertise to attract potential investors and partners.
- Conduct thorough market research to understand market trends, consumer preferences, and the needs of your target market.
- Analyze the competitive landscape, and identify direct & indirect competitors, to develop strategies that maintain your restaurant’s competitive advantage.
- To ensure efficient daily operations, provide in-depth operational plans that incorporate staffing, additional services, inventory control, and customer service.
- Create realistic financial projections for sales revenue, expenses, and profit forecasts while considering contingencies & emergencies.
Why is a restaurant business plan important?
Crafting a restaurant business plan is daunting but its significance cannot be underestimated. It is essential to drive your business toward success.
In the competitive atmosphere where there are 700,000+ restaurants in the USA, having a proper plan will help you get funding and better adaptability in a constantly changing business environment.
Even if funding isn’t a primary concern, a plan provides the restaurant owner or manager with clear direction on how to create actionable strategies for reaching business goals.
Your business plan will also help solidify the viability of the restaurant’s idea and concept.
In short, think of it as a guide for running all the aspects of the business smoothly.
How to write a restaurant business plan: Step-by-Step Guide
Since we are talking about a restaurant business plan; let us walk you through this restaurant business plan outline step-by-step without any delay:
1. Executive summary
An executive summary is the first section and the most significant section of any business plan. It captures the essence of your whole plan summarizing it for a quick understanding of your business.
Think of it as a sneak peek for the readers that draws their attention to the entire restaurant business plan.
You should start your summary with a compelling introduction with the name of your restaurant. It should also focus on the essence of your restaurant concept.
Give a brief overview of your unique selling points, emphasizing what makes your restaurant special. It might be the signature dishes, innovative ambiance, prime location, or some new cuisine experience.
Apart from the above essential points, your executive summary should include:
- Mission statement
- Vision statement
- Execution structure
- Potential costs
- Expected return on investment
Many readers will read the executive summary before making a judgment, so if this is all they read, make every word count.
Also, SBA advises to include financial projections in your executive summary if you’re using your business plan to request funding.
Say goodbye to boring templates
Build your business plan faster and easier with AI
Plans starting from $7/month
![sample business plan of restaurants CTA Blue](https://static-web.upmetrics.co/wp-content/uploads/2023/08/25174319/ai-assistant-blog-image-1-282x240.png)
2. Company Overview
Company overview is a part where you fully introduce your restaurant business including legal business structure, location, and your restaurant’s proposed concept.
Here you have the liberty to be a little more creative in describing your restaurant in the whole business plan.
Here are some points to incorporate in the company overview:
- Detailed vision and mission statement
- Type of restaurant (fine dining, small restaurant, bistro, cafe, etc.)
- Legal business structure
- Service style
- History and background of the restaurant (if existing)
- Owners’ names and qualifications
- Cusinies & menu highlights
- Restaurant size and seating capacity
- Operating hours & meal plans
- Related service availability (delivery, catering, etc)
Mainly emphasize the chosen location because easily accessible locations with high foot traffic will attract more walk-in customers. And if you haven’t decided on a specific location yet, then mention the type of place you are looking for to give an idea about it to your readers.
Besides, mention the short-term and long-term goals of your restaurant business in the later part of the company description. Along with that mention regional industry trends and your USPs.
![sample business plan of restaurants sample business plan of restaurants](https://upmetrics.co/ https://static-web.upmetrics.co/wp-content/uploads/2022/07/15115642/tip.png)
Need Assistance Writing a Restaurant Business Plan?
Get Upmetrics’ business plan template, import data directly into the editor, and start editing using Upmetrics AI Assistant.
![sample business plan of restaurants Upmetrics AI assistance](https://static-web.upmetrics.co/wp-content/uploads/2023/09/14163154/bpb-AI-Feature-Image.png)
Start Planning Now
3. Market analysis
The market analysis section provides you with a clearer picture of your target market, competitors, and industry trends.
Based on the above details, one can make informed decisions while creating strategies. Therefore, make this section precise and concise to understand.
Here are some steps to follow to write an engaging market analysis section of the restaurant business plan:
- Define your customer base: Identify and describe whom you are going to serve. Make a consumer base after considering the demographics, location, and concept of your restaurant.
- Competitive analysis: List out the names of other restaurants in your location and do the SWOT analysis. You can get the competitive advantage of your restaurant this way.
- Market trends: Discuss any shift in consumer behavior like healthy choices, an increase in vegan food consumption, or technological breakthroughs that might affect your restaurant.
Consider conducting market research, TAM-SAM-SOM analysis , and SWOT analysis to get insights for this section.
Remember, this section helps your readers and potential investors understand your target market, restaurant market overview, market size, and growth potential, so make sure you play your cards right.
4. Sample Menu
The most vital step in launching your restaurant business is the menu. A well-curated menu design will sell itself for your restaurant. Even if you are a new restaurant, then present the sample menu with the name and logo of your restaurant on it.
The menu will showcase all the unique offerings your direct competitors might not provide. Not just the list of cuisines but the pricing is also crucial. This way potential investors and readers can understand your restaurant’s target price point.
Plus your menu should be in sync with target customers; for example, a restaurant near the university should contain more beverages and delicious food options for brunch as students prefer those things more.
Consider your menu as a part of branding, choose the same theme for the menu as for the restaurant.
5. Restaurant Design
Restaurant design is the part where you can show your restaurant concept to potential investors and readers practically. Moreover, create a mood board to explain things smoothly.
Utilize this section to show the uniqueness of your restaurant, and how it is different from competitors.
Explain how your design represents your restaurant’s branding and visual identity. Furthermore, mention how your target market will enjoy and appreciate the ambiance you plan to provide.
Note that restaurant design is one of the key elements to running a successful restaurant, so match the theme and cuisines accordingly.
In this section, you also have to provide a detailed description of how many seats are going to be there along with the floor plan of your restaurant.
6. Management Team
As the name suggests, the management team section of your restaurant’s business plan introduces restaurant owners, key executives, and the management team. It also incorporates the experience, qualification, and restaurant industry knowledge of every individual who is on the team.
A strong management team section can be essential to weigh authority and help potential investors be confident about your restaurant’s idea and vision.
You might consider including the following information in the management team section:
- Business owner or founder’s information
- Executive chef and culinary team
- Front-of-house manager
- Operations and back-of-house team
- Advisors/consultants
- The organizational structure of the team
Showcase how each member fits and what roles & responsibilities they will play. You should include a resume-styled summary for each person in the restaurant’s management section.
7. Operations Plan
The operations plan section outlines the daily business processes and activities centered on achieving the restaurant dream and objectives described in the rest of the plan.
A detailed operations plan helps you and your team define your responsibilities, daily tasks, and short-term goals you need to achieve, keeping track of your long-term objective.
Here are a few key elements to include in your operations plan section:
- Staffing and training
- Operating hours
- Operational process
- Tools and equipment
- Inventory control
- Technology and software
- Quality control measures
- Customer service policies
Remember it should incorporate all important daily tasks. Also, an operations plan is a living document, you can change it often according to the change in the dynamics of the work.
Read More: The Ultimate Guide to Restaurant Operations Planning
8. Marketing Plan
Even with great food, prices, and ambiance, you won’t attract enough diners without marketing.
Thus, a well-crafted restaurant marketing plan is necessary to spread awareness and build a strong brand presence.
The marketing plan can help you streamline your marketing efforts and create impactful and effective marketing campaigns while keeping track of the projected budget and maximizing return on investment.
Hence, this is the section in which you give an idea to your potential investors about how you will acquire new customers and retain existing ones. This section should include:
- Target market and their dining habits
- Branding and positioning
- Marketing strategies (website, social media accounts, etc.)
- Marketing Calendar
- USPs of your restaurant (unique ambiance, amiable staff, new cuisines in the local area)
- Your marketing goals
- Customer retention strategies (loyalty program, giving coupons or discounts on bulk orders or events)
Even if you are going to hire a PR agency for marketing, then mention it and the reason why you chose them.
After taking care of marketing, let us move further to finances.
Read More: Step-by-Step Guide to Restaurant Marketing Plan
9. Financial Plan
The financial plan is the most crucial and demanding section of any business plan. It is one of the deciding factors for potential investors, banks, or any financial institute to invest in your restaurant business.
This section of your plan details your restaurant’s financial information and how it will reach its financial goals or how much revenue potential it has.
Here are key components and statements that you should include in your financial plan section:
- Pro forma profit and loss statement
- Break-even analysis
- Balance sheet
- Sales forecast
- Detailed cost analysis
- Cash flow projections
- Business ratios
- Funding request
- Tax considerations
- Exit strategy
Before you create financial projections, know how many seats the restaurant will have and what services you plan to provide. This will help you in making realistic financial projections if you are going to start a new business.
Also, if you are asking for funding, then mention where you will utilize your funds.
We hope that this sample restaurant business plan will provide you with an idea for writing a successful plan.
Restaurant Industry Highlights 2023
- Growth forecast : National Restaurant Association predicted US restaurant sales to reach $898 billion in 2022 which would further grow by 4% yearly to reach $1.2 trillion by 2030.
- Technology is everywhere : Automation is helping staff maximize their efficiency by handling orders, deliveries, and communication effectively.
- Sustainability & ethical sourcing : Eco-friendly practices such as minimizing food waste, avoiding single-use plastics, and ethical plus local sourcing are encouraged by customers.
- Delivery is the new deal : People prefer deliveries over dining out as they are time-saving. So, there is an incline in the number of delivery apps and delivery services providing restaurants.
- Kiosks are the preference : The number of people who prefer ordering and paying through kiosks is increasing due to the convenience.
How to Refine & Present a Restaurant Business Plan
Once you have written your entire business plan, it is time to read and re-read it and make it error-free. You have to be confident about every aspect of the plan before you present it in front of your audience.
Moreover, alter your plan to suit different audiences to enhance your communication. For instance, keep your plan professional and include all the growth potential, profitability, and ROI data when you present your restaurant business plan for seeking funding.
Also, when you present your restaurant business plan to potential partners or vendors, emphasize collaboration benefits and how it can help in their individual growth.
Apart from the above points, make sure your plan has various engaging visuals, interactive elements, and enhanced storytelling to present all the data interestingly. Thus, make a digital presentation of your plan to incorporate all the above things clutter-free.
Once you are confident, it is time to email your plan to the people already on your mind. And give a pat to yourself for finally taking that step.
Download a sample business plan for a restaurant
Ready to kick-start your business plan writing process? And not sure where to start? Here you go, download our free restaurant business plan pdf , and start writing.
This intuitive, modern, and investment-ready template is designed specifically for restaurants. It includes step-by-step instructions & examples to help in creating your own restaurant business plan.
Related Restaurant Resources
- Restaurant Marketing Plan
- Restaurant Financial Plan
- Restaurant Operations Plan
- Restaurant Industry Trends
Discover how Upmetrics can help you write a business plan
With Upmetrics, you will receive step-by-step guidance, customizable templates, 400+ sample business plans , and AI assistance to streamline your business planning process.
In fact, if you are not adept with finances, the financial forecasting tool Upmetrics provides will help you create realistic financial forecasts for 3 or more years.
Whether you’re starting a new venture or looking to grow one, Upmetrics offers the resources and insights you need to develop a successful & professional business plan that aligns with your goals.
Related Posts
![sample business plan of restaurants Fast Food Restaurant Business Plan](https://static-web.upmetrics.co/wp-content/uploads/2023/07/19170524/Fast-Food-Restaurant-1-1-65x39.png)
Fast Food Restaurant Business Plan
![sample business plan of restaurants Seafood Restaurant Business Plan](https://static-web.upmetrics.co/wp-content/uploads/2023/07/27130532/Seafood-Restaurant-1-65x39.png)
Seafood Restaurant Business Plan
![sample business plan of restaurants Tips for Business Plan Cover Pages](https://static-web.upmetrics.co/wp-content/uploads/2019/08/14174345/how-to-design-a-cover-page-for-a-business-plan-65x39.png)
Tips for Business Plan Cover Pages
![sample business plan of restaurants AI Tools for Writing Business Plan](https://static-web.upmetrics.co/wp-content/uploads/2023/08/20130019/ai-tools-for-small-businesses-65x39.png)
AI Tools for Writing Business Plan
Frequently asked questions, why do you need a restaurant business plan.
A solid business plan is an essential tool for anyone looking to start or run a successful restaurant business. It helps to get clarity in your business, raise money, and identify potential challenges while starting and growing your business.
How to get funding for your restaurant business?
There are several ways to get funding for your restaurant business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:
- Bank loan – You may apply for a loan in government or private banks.
- Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
- Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
- Angel investors – Getting funds from angel investors is one of the most sought startup options.
What is the easiest way to write your restaurant business plan?
A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of restaurant business plan samples and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .
Can a good restaurant business plan help me secure funding?
Indeed. A well-crafted restaurant business plan will help your investors better understand your business domain, market trends, strategies, business financials, and growth potential—helping them make better financial decisions.
What's the importance of a marketing strategy in a restaurant business plan?
Marketing strategy is a key component of your restaurant business plan. Whether it is about achieving goals or helping your investors understand the return on investment—an impactful marketing strategy is the way to do it!
Here are a few pointers to help you understand the importance of having a marketing strategy:
- It provides your business an edge over your competitors.
- It helps investors better understand your business and growth potential.
- It helps you develop products with the best profit potential.
- It helps you set accurate pricing for your products or services.
About the Author
![sample business plan of restaurants sample business plan of restaurants](https://static-web.upmetrics.co/wp-content/uploads/2023/10/30161050/vinay-kevadiya-1.jpg)
Vinay Kevadiya
Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more
![sample business plan of restaurants Sample Template](https://static-web.upmetrics.co/wp-content/uploads/2024/08/sample-template.png)
Turn your business idea into a solid business plan
Explore Plan Builder
Plan your business in the shortest time possible
No Risk – Cancel at Any Time – 15 Day Money Back Guarantee
![sample business plan of restaurants Template modal](https://static-web.upmetrics.co/wp-content/uploads/2023/10/05102015/template-modal.png)
Create a great Business Plan with great price.
- 400+ Business plan templates & examples
- AI Assistance & step by step guidance
- 4.8 Star rating on Trustpilot
Streamline your business planning process with Upmetrics .
![sample business plan of restaurants Download Restaurant Business Plan](https://static-web.upmetrics.co/wp-content/uploads/2023/10/12100247/business-plan-template.png)
- Credit cards
- View all credit cards
- Banking guide
- Loans guide
- Insurance guide
- Personal finance
- View all personal finance
- Small business
- Small business guide
- View all taxes
You’re our first priority. Every time.
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners .
How to Write a Restaurant Business Plan
![sample business plan of restaurants Profile photo of Sally Lauckner](https://www.nerdwallet.com/assets/blog/wp-content/uploads/2021/02/Lauckner_Sally-color-headshot-160x160.jpg)
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .
When starting a business—no matter what type of business that may be—a business plan is essential to map out your intentions and direction. That’s the same for a restaurant business plan, which will help you figure out where you fit in the landscape, how you’re going to differ from other establishments around you, how you’ll market your business, and even what you’re going to serve. A business plan for your restaurant can also help you later if you choose to apply for a business loan .
While opening a restaurant isn’t as risky as you’ve likely heard, you still want to ensure that you’re putting thought and research into your business venture to set it up for success. And that’s where a restaurant business plan comes in.
We’ll go through how to create a business plan for a restaurant and a few reasons why it’s so important. After you review the categories and the restaurant business plan examples, you can use the categories to make a restaurant business plan template and start your journey.
![sample business plan of restaurants](https://www.nerdwallet.com/assets/blog/wp-content/uploads/2023/07/floating-phone-480x769.png)
Why you shouldn’t skip a restaurant business plan
First-time restaurateurs and industry veterans alike all need to create a business plan when opening a new restaurant . That’s because, even if you deeply understand your business and its nuances (say, seasonal menu planning or how to order correct quantities), a restaurant is more than its operations. There’s marketing, financing, the competitive landscape, and more—and each of these things is unique to each door you open.
That’s why it’s so crucial to understand how to create a business plan for a restaurant. All of these things and more will be addressed in the document—which should run about 20 or 30 pages—so you’ll not only have a go-to-market strategy, but you’ll also likely figure out some things about your business that you haven’t even thought of yet.
Additionally, if you’re planning to apply for business funding down the line, some loans—including the highly desirable SBA loan —actually require you to submit your business plan to gain approval. In other words: Don’t skip this step!
How much do you need?
with Fundera by NerdWallet
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
How to write a restaurant business plan: Step by step
There’s no absolute format for a restaurant business plan that you can’t stray from—some of these sections might be more important than others, for example, or you might find that there’s a logical order that makes more sense than the one in the restaurant business plan example below. However, this business plan outline will serve as a good foundation, and you can use it as a restaurant business plan template for when you write your own.
Executive summary
Your executive summary is one to two pages that kick off your business plan and explain your vision. Even though this might seem like an introduction that no one will read, that isn’t the case. In fact, some investors only ask for the executive summary. So, you’ll want to spend a lot of time perfecting it.
Your restaurant business plan executive summary should include information on:
Mission statement: Your goals and objectives
General company information: Include your founding date, team roles (i.e. executive chef, sous chefs, sommeliers), and locations
Category and offerings: What category your restaurant fits into, what you’re planning to serve (i.e. farm-to-table or Korean), and why
Context for success: Any past success you’ve had, or any current financial data that’ll support that you are on the path to success
Financial requests: If you’re searching for investment or financing, include your plans and goals here and any financing you’ve raised or borrowed thus far
Future plans: Your vision for where you’re going in the next year, three years, and five years
When you’re done with your executive summary, you should feel like you’ve provided a bird’s eye view of your entire business plan. In fact, even though this section is first, you will likely write it last so you can take the highlights from each of the subsequent sections.
And once you’re done, read it on its own: Does it give a comprehensive, high-level overview of your restaurant, its current state, and your vision for the future? Remember, this may be the only part of your business plan potential investors or partners will read, so it should be able to stand on its own and be interesting enough to make them want to read the rest of your plan.
Company overview
This is where you’ll dive into the specifics of your company, detailing the kind of restaurant you’re looking to create, who’s helping you do it, and how you’re prepared to accomplish it.
Your restaurant business plan company overview should include:
Purpose: The type of restaurant you’re opening (fine dining, fast-casual, pop-up, etc.), type of food you’re serving, goals you have, and the niche you hope to fill in the market
Area: Information on the area in which you’re opening
Customers: Whom you’re hoping to target, their demographic information
Legal structure: Your business entity (i.e. LLC, LLP, etc.) and how many owners you have
Similar to your executive summary, you won’t be going into major detail here as the sections below will get into the nitty-gritty. You’ll want to look at this as an extended tear sheet that gives someone a good grip on your restaurant or concept, where it fits into the market, and why you’re starting it.
Team and management
Barely anything is as important for a restaurant as the team that runs it. You’ll want to create a section dedicated to the members of your staff—even the ones that aren’t yet hired. This will provide a sense of who is taking care of what, and how you need to structure and build out the team to get your restaurant operating at full steam.
Your restaurant business plan team and management section should have:
Management overview: Who is running the restaurant, what their experience and qualifications are, and what duties they’ll be responsible for
Staff: Other employees you’ve brought on and their bios, as well as other spots you anticipate needing to hire for
Ownership percentage: Which individuals own what percentage of the restaurant, or if you are an employee-owned establishment
Be sure to update this section with more information as your business changes and you continue to share this business plan—especially because who is on your team will change both your business and the way people look at it.
Sample menu
You’ll also want to include a sample menu in your restaurant business plan so readers have a sense of what they can expect from your operations, as well as what your diners can expect from you when they sit down. This will also force you to consider exactly what you want to serve your diners and how your menu will stand out from similar restaurants in the area. Although a sample menu is in some ways self-explanatory, consider the following:
Service : If your brunch is as important as your dinner, provide both menus; you also might want to consider including both a-la-carte and prix fixe menus if you plan to offer them.
Beverage/wine service: If you’ll have an emphasis on specialty beverages or wine, a separate drinks list could be important.
Seasonality: If you’re a highly seasonal restaurant, you might want to consider providing menus for multiple seasons to demonstrate how your dishes (and subsequent purchasing) will change.
Market analysis
This is where you’ll begin to dive deeper. Although you’ve likely mentioned your market and the whitespace you hope to address, the market analysis section will enable you to prove your hypotheses.
Your restaurant business plan market analysis should include:
Industry information: Include a description of the restaurant industry, its size, growth trends, and other trends regarding things such as tastes, trends, demographics, structures, etc.
Target market: Zoom in on the area and neighborhood in which you’re opening your restaurant as well as the type of cuisine you’re serving.
Target market characteristics: Describe your customers and their needs, how/if their needs are currently being served, other important pieces about your specific location and customers.
Target market size and growth: Include a data-driven section on the size of your market, trends in its growth, how your target market fits into the industry as a whole, projected growth of your market, etc.
Market share potential: Share how much potential there is in the market, how much your presence will change the market, and how much your specific restaurant or restaurant locations can own of the open market; also touch on any barriers to growth or entry you might see.
Market pricing: Explain how you’ll be pricing your menu and where you’ll fall relative to your competitors or other restaurants in the market.
Competitive research: Include research on your closest competitors, how they are both succeeding and failing, how customers view them, etc.
If this section seems like it might be long, it should—it’s going to outline one of the most important parts of your strategy, and should feel comprehensive. Lack of demand is the number one reason why new businesses fail, so the goal of this section should be to prove that there is demand for your restaurant and show how you’ll capitalize on it.
Additionally, if market research isn’t your forte, don’t be shy to reach out to market research experts to help you compile the data, or at least read deeply on how to conduct effective research.
Marketing and sales
Your marketing and sales section should feel like a logical extension of your market analysis section, since all of the decisions you’ll make in this section should follow the data of the prior section.
The marketing and sales sections of your restaurant business plan should include:
Positioning: How you’ll describe your restaurant to potential customers, the brand identity and visuals you’ll use to do it, and how you’ll stand out in the market based on the brand you’re building
Promotion: The tools, tactics, and platforms you’ll use to market your business
Sales: How you’ll convert on certain items, and who/how you will facilitate any additional revenue streams (i.e. catering)
It’s likely that you’ll only have concepts for some of these elements, especially if you’re not yet open. Still, get to paper all of the ideas you have, and you can (and should) always update them later as your restaurant business becomes more fully formed.
Business operations
The business operations section should get to the heart of how you plan to run your business. It will highlight both internal factors as well as external forces that will dictate how you run the ship.
The business operations section should include:
Management team: Your management structure and hierarchy, and who is responsible for what
Hours: Your hours and days of operation
Location: What’s special about your location that will get people through the door
Relationships: Any advantageous relationships you have with fellow restaurateurs, places for sourcing and buying, business organizations, or consultants on your team
Add here anything you think could be helpful for illustrating how you’re going to do business and what will affect it.
Here, you’ll detail the current state of your business finances and project where you hope to be in a year, three years, and five years. You’ll want to detail what you’ve spent, what you will spend, where you’ll get the money, costs you might incur, and returns you’ll hope to see—including when you can expect to break even and turn a profit.
Financial statements: If you’ve been in business for any amount of time, include existing financial statements (i.e. profit and loss, balance sheet, cash flow, etc.)
Budget: Your current budget or a general startup budget
Projections: Include revenue, cash flow, projected profit and loss, and other costs
Debt: Include liabilities if the business has any outstanding debt or loans
Funding request: If you’re requesting a loan or an investment, lay out how much capital you’re looking for, your company’s valuation (if applicable), and the purpose of the funding
Above all, as you’re putting your financials together, be realistic—even conservative. You want to give any potential investors a realistic picture of your business.
Feel like there are other important components but they don't quite fit in any of the other categories (or make them run too long)? That’s what the restaurant business plan appendix section is for. And although in, say, a book, an appendix can feel like an afterthought, don’t ignore it—this is another opportunity for you to include crucial information that can give anyone reading your plan some context. You may include additional data, graphs, marketing collateral (like logo mockups), and more.
![sample business plan of restaurants ZenBusiness](https://www.nerdwallet.com/cdn-cgi/image/quality=85/cdn/software/logos/ZenB.png)
LLC Formation
The bottom line
Whether you’re writing a restaurant business plan for investors, lenders, or simply for yourself and your team, the most important thing to do is make sure your document is comprehensive. A good business plan for a restaurant will take time—and maybe a little sweat—to complete fully and correctly.
One other crucial thing to remember: a business plan is not a document set in stone. You should often look to it to make sure you’re keeping your vision and mission on track, but you should also feel prepared to update its components as you learn more about your business and individual restaurant.
This article originally appeared on JustBusiness, a subsidiary of NerdWallet.
On a similar note...
![sample business plan of restaurants One blue credit card on a flat surface with coins on both sides.](https://assets.nerdwallet.com/blog/wp-content/uploads/2023/12/creditcard-coins-desktop.png)
How to Write a Restaurant Business Plan
A comprehensive business plan is the foundation of every successful restaurant. You need a business plan before you can begin to execute on anything having to do with opening your establishment. A proper business plan is a guide that will help take your idea from concept to reality.
When you begin to seek professional and financial support for your new business, your business plan will be the primary document of reference to describe your concept, market, and potential for profitability. You need a business plan for investors, lenders, consultants, partners, and other team members who will help make your dream of opening a restaurant come true.
![sample business plan of restaurants sample business plan of restaurants](https://www.restohub.org/wp-content/uploads/2018/10/down-arrow-icon.png)
In this article, we’ll walk you through every part of how to write a restaurant business plan, explain the function of each section, and provide an example you can use as a starting point.
Before Writing Your Business Plan: Questions to Answer
![sample business plan of restaurants How to Write a Restaurant Business Plan](https://www.restohub.org/wp-content/uploads/2018/10/How-to-Write-a-Business-Plan.jpg)
Before you start writing your business plan, you’ll want to consider a few key things. Knowing the answers to these questions will make writing your business plan and communicating your vision a hundred times easier. Keep the answers to these questions top of mind as you’re writing your business plan.
Who is your business plan for?
Are you approaching investors and lenders, or is your plan specifically for you and your staff? You’ll need to adapt your writing for different audience types, and perhaps place emphasis on certain sections over others depending on your primary audience.
Where will your restaurant be located?
If you don’t yet have a location for your restaurant , you should at least know which neighbourhood your restaurant will be located in. Your restaurant’s location will determine important elements of your business plan, like your competitive analysis, ingredient availability, venue type, etc. If you’re in the early stages of planning, you likely don’t know your exact address, but nailing it as close as you can will guide you in your writing.
What is your venue type?
You should have a clear idea of what kind of restaurant you’re opening , whether it’s an intimate cafe, craft microbrewery, or gourmet food truck. If you aren’t quite sure, you’ll need to decide before you write your business plan. You should know exactly what your venue is going to be as you work through the details of a business plan.
What are your goals?
Do you want to start a food truck and then grow to open a sister restaurant, or do you want to open a full service restaurant and grow to operate a fleet of food trucks? Are you looking to open a burger place with a constant flow of customers? Or maybe you want to be the go-to place for special occasions. Be as specific as you can in your vision, and be clear on exactly what you want to achieve.
What are your credentials?
Have you worked in the restaurant industry before? How well do you know the market? Do you need any additional skills before you start your restaurant? If you’re confident you have the skills, feel free to start. But if you’ve never spent any time in a kitchen or in the foodservice industry, you may want to get some hands-on experience so you know what you’re getting into.
5 Tips on How to Write a Restaurant Business Plan
Before you start writing your business plan, here are some tips to make the process easier.
- Collect materials that are relevant, like links, articles, quotes and information that may benefit you as you are writing, and use them for inspiration or include them within the appropriate sections of your business plan.
- Taking something from concept to creation can be challenging, but try to put everything you see in your imagination down in the most accurate words possible. Go through the business plan template the first time and make tons of notes for each section, then come back to it later and flesh out your ideas further.
- If a section stumps you, make a note and move on, then revisit it later when you have more information or more clarity. Refine and rework. Be sure to add all new developments that are happening, and when you’re confident you’ve said all you can about a section, go back in and edit and re-word until you’re satisfied.
- Use graphics and images to clarify your message when you feel it’s necessary. Consider creating Pinterest boards to keep you inspired and help you get visual. Then, when you are writing your business plan, go back to your boards to pull in graphics that get your idea across better than words.
- Just as Rome wasn’t built in a day, know that your business plan will take time. It can take anywhere from weeks to months to years to get a solid grasp on what it is you’re creating. As time passes and you continue to work on it, you’ll fine-tune your message and have a crystal clear plan on your hands.
Are you confident in your vision, clear on your goals, and comfortable with your skills? Ready to jump in?
Restaurant Business Plan Template
Table of Contents
Your restaurant business plan is going to be a long document. Depending on the nature of your restaurant, your business plan could be anywhere from 10 to 50 pages – so your readers will need to find sections easily. This is where a table of contents comes in. It’ll look something like this:
- Executive Summary – p. 3
- Business Overview – p. 5
- Business Description – p. 7
- The Marketplace – p. 12
- Marketing – p. 20
- Business Operations – p. 25
- Financials – p. 30
- Business Plan Summary p. 37
After you’re finished writing your restaurant business plan, make sure to review your table of contents so that your page numbers are accurate.
Executive Summary While the Executive Summary may live at the beginning of your business plan, it’s the last thing you’ll write. The Executive Summary is a one-page summary of every section in your business plan, so that readers can get a general sense of your entire plan in one page. Remember to keep this section brief yet impactful.
Business Overview
Your Business Overview is simple: it’s a list of basic information about your business, such as your legal name, type of business, business number, etc. You may have some empty fields until you’re closer to actually opening. This list is for quick reference and especially important if you’ll be seeking bank loans or approaching investors:
- Legal name of business
- Trade name of business (doing business as)
- Business address or potential business address
- Current mailing address
- Phone number
- Social media handles
- Structure of business
- Date business was established
- Nature of business
- Banking details (branch and banker’s name)
Quick tip: many of the details in your business overview will be filled out as your business takes shape. fill in what you can as you go. if some of this information is unknown, don’t let it hold you up.
Business Description
Your Business Description is where your restaurant comes to life. Here is where you’ll describe, in detail, what your business is going to look like, where it will be, and the kind of vibe it will have. Your Business Description answers all of the questions that relate to your vision and goals. Be as expansive as you want here – go into as much detail as possible, and don’t be afraid to use visuals! Here’s what to include in your Business Description.
Will your business be run as a sole trader, a partnership, or a company? Who is involved and what is their role? This can be a short paragraph.
Your restaurant concept is your idea . Take the time to describe why your business is special, and talk about what you’ll do differently as compared to other restaurants. Why should people choose your restaurant over another? What kind of experience will you be providing customers?
Mission statement
Your mission statement is one sentence that describes what your restaurant will achieve. Think of your end goal, the ultimate driving force behind your business. Your mission statement should be something that can be displayed on marketing materials, and it should express to people what your business is all about.
Short-term and long-term goals
Here you’ll want to mention any relevant personal goals, then list your short-term and long-term objectives. Think about where you’re going and what you hope to be doing in a couple of years. Your short-term goals describe your first year as a restaurant owner. Long-term goals are larger, like how you plan to scale your business and how you hope to grow. Be descriptive in this section, but also remember to remain realistic and within the scope of your projections in the financial section.
Menu and services
Include a sample menu, or menus, and discuss the details of each, such as times of day offered and the inspiration or rationale for each. If you’re going to offer catering, delivery, or any other services, mention those here. Describe anything else you’ll be selling, such as pre-packaged foods, canned or bottled drinks, or retail items such as t-shirts and hats.
You likely won’t have secured a location or negotiated a lease at this point, so instead mention the neighbourhoods you’re considering for your venue. Answer the following questions here: Which features of the neighbourhood will affect your business? What other businesses are located in the area? What kinds of people live, work, or visit the neighbourhood? Consider and document all effects that the location will have on your business, like access to parking, public transportation, walk score, etc.
Take the time to describe your concept with as much visual detail as you can. Express why these details are important (hint: they should relate back to your branding). If you’re working with a design agency or interior design specialist, mention them and show their proposals or mockups. Business description summary Finally, briefly sum up everything in this section. Your Business Description tends to be a long section, so you’ll need a summary that provides an overview of what you’re going to achieve with your business.
The Marketplace
This section is where you’ll describe the current status of the marketplace for your business. The most important thing to remember about this section is that you’ll need to remain honest and authentic. You won’t do yourself or anyone else any favours by painting an unrealistic picture of the marketplace and how your business fits within it. This section requires a lot of research and critical thinking skills.
Visit your direct competition and gain some intel on their customer experience and menu. Ask people in your prospective neighbourhood about how businesses perform in the area. By gathering as much information as you can, your marketplace assessment will be clear and rooted in reality.
Market segment
This section should provide a quick overview of the size of your customer base. What are the demographics, psychographics, and segments of your target market?
You need to know your target customers. Who will frequent your restaurant and what characteristics do they share? List statistics you’ve gathered about your market and any other relevant information about your potential customers. Make a note of any customer segments within your target demographic that have certain needs over others.
You’ll want quantitative and qualitative research to round out this section. Make sure to talk to people within your target market to gain a clear understanding of their needs and how you can serve them. You’ll also discover other valuable insights through these discussions.
Market trends
Here you’ll want to list relevant statistics about past and current trends within your marketplace. Include anything that relates to the demand for your business, social or economic factors, and trends that have affected similar businesses. If you’ve done research or hired a firm to conduct some for you, mention all the outcomes from that research here.
Competition
So you know other restaurants are your competition, but you’ll need to be specific. Analyse your prospective neighbourhood, and make a list of all your competitors from small to large. Use a critical eye to determine how they differ from your establishment. Categorise your competitors into “direct” and “indirect”. Your direct competitors are those restaurants that are offering similar customer experiences and type of cuisine, while indirect competitors may be different from your restaurant but still compete for your target market’s attention and spend.
Now that you’ve analysed the competition, you should be able to spot how you’ll be able to stand out. What will your restaurant do that no one else is doing? What are your differentiators that will cause the market to take notice of your business?
Opportunities
After you determine your differentiators, you’ll know how your restaurant can fill potential gaps in the marketplace or provide a better option for customers. From the menu to the hours, whatever your restaurant can do better, list it here.
Now, the other side of the coin: what your restaurant may not be able to do better than the competition. Take the time to list these as challenges, provide rationale as to why your restaurant will face these barriers, and how you’ll tackle them once you’re open. Don’t be afraid of honesty here; a candid account of the challenges you’ll face will show readers you’re self-aware and ready to overcome problems with practical solutions.
Marketplace summary
Briefly sum up everything that you’ve talked about in this section, reiterating the demographics of your target market, advantages, and opportunities.
You may be an amazing chef and create exceptional dishes, but without customers and sales, you don’t have much of a business. You need a marketing strategy to get people in the door and coming back. In this section on how to write a restaurant business plan, we’ll get into your strategy: how you’re going to price your meals, how you’ll position yourself to appeal to your target customers, and how you’ll promote your business to let customers know you exist.
Positioning
Describe how you’ll appeal to your target customers and where you will place yourself in the customer’s mind. Use your differentiators in the previous section to guide your positioning strategy. How will you communicate your differentiators to your market? What will you be offering the market that your customers wouldn’t be able to get anywhere else?
Describe your pricing and how it compares to similar businesses. Provide ballpark figures for different menu items and list standard pricing for your type of business. List your competitors’ prices and explain why yours will be higher or lower. Make sure to align this section with your financials so that your food and labour ratios are taken into account when crafting this section.
Online promotion
If you plan on creating and maintaining social media accounts like Facebook, Twitter, and Instagram, explain how you’ll use them to promote your business. Describe your website’s main elements, design style, and who will build it. List all paid digital promotion here such as Google ads, paid social media ads, and any agencies you’ll work with to develop and execute on all digital marketing initiatives.
Traditional promotion
Will you be holding any events, releasing a press release, or taking out any print ads?
Marketing summary
Briefly summarise your overall marketing strategy and what you’ll concentrate on the most: digital, traditional, PR, etc. Let readers know why you think your marketing strategy will work for your type of restaurant.
Business Operations
You’ve described your vision, the market, and how you plan to promote your business. But how will you actually execute your plans? Who will operate your business day-to-day? Here’s where you get into the nitty-gritty details of your business operations.
Introduce everyone on your payroll. List their qualifications, special skills, and job description, with an emphasis on how they will help you reach your goals and the tasks they will do every day. Categorise each staff member into other owners, chefs, managers, servers, bartenders, etc.
Supplier relationships
List your suppliers by type: food, payment, alcohol, cleaning, etc. Note how each supplier serves your restaurant’s needs , and list their credit and payment terms. List all suppliers for the following:
- Waste removal
- Restaurant supplies like dishware and glass
- Paper products
- Payroll service
- Cleaning services
- Plants or landscaping
- Linen service
- Entertainment
- Marketing and advertising
- Technology, such as EPOS hardware and software, mobile delivery apps, loyalty apps, and an internet provider
Your restaurant will need insurance coverage . Do some research to determine mandatory insurance and special coverage, and start to compare costs between insurance providers. List each type of insurance your restaurant will need and what it covers.
What kind of licencing does your restaurant need? List all of the licences and permits required for your restaurant and staff here. Check your local government website for the details and anything else that you are required to obtain in your area.
Business operations summary
Briefly sum up everything that you’ve talked about in the Business Operations section.
You’ve now arrived at the most important – and the most daunting – part of your restaurant business plan. This is where you prove that your idea is actually a business that can turn a profit. Complete a financial forecast that takes your concept and translates it into numbers. This exercise is the most important part of your business plan, as investors and lenders will be scrutinising these numbers before they read anything else.
The Breakdown
Your forecast will be broken into four main parts:
- Revenue: Forecasted sales
- Controllable costs: Food and beverage costs as well as cost of labour
- Expenses: Marketing, rent, supplies, utilities, etc.
- Start-Up Costs: What it costs to get you to open, as well as things like capital improvements and training.
We’ve created a downloadable sample forecast that demonstrates what you’ll need to do. Our example is Joe’s Burgers, a small 1,000 square foot quick service restaurant with no alcoholic beverage sales. Once you understand the sample forecast, we’ve included a blank forecast sheet where you can add in your own numbers to project how profitable you’ll be. Notes about the forecast spreadsheet
- Take the blank forecast and “save as” so that if you make a mistake, you can return to the original spreadsheet and start again.
- There are formulas pre-programmed in the cells of the spreadsheet.
- If you are planning to open a restaurant that will serve alcoholic drinks, you will have to figure out your sales mix of the various types: bottled beer, draft beer, liquor, and wine, and the costs associated with each. For example, if your bottled beer cost is 28% and wine cost is 40%, you’ll have an average beverage cost of 34% to add to your forecast.
- If you are going to offer catering or other services, you can create another revenue stream that covers events executed, average spends, revenues, cost of goods sold and labour costs for that source.
Business Plan Summary
Your Business Plan Summary should tie the whole message together. Use this section to highlight how you’re different and what you’re offering, reiterating the most important points about your restaurant.
Sections to include are:
- Why you will succeed: in a few short sentences, repeat how you are different and why your business will work.
- What you need: if you’re asking for money, repeat the ask here.
- A thank you: a quick thanks at the end reminds people that you value their time and input.
More in Operations
Restaurant competitive analysis.
A step-by-step competitive analysis for your new restaurant
Defining Your Restaurant Target Market
Who do you envision visiting your restaurant?
How to Choose Creative Restaurant Names
Learn how to choose a creative name for your restaurant
Most Popular
How Much Does it Cost to Open a Restaurant?
Guide to Buying Restaurant Equipment
Choosing a Restaurant Location
![sample business plan of restaurants Woman holding a menu](https://www.restohub.org/wp-content/uploads/2018/10/looking-for-a-pos-cta.png)
- Restaurant Type
![sample business plan of restaurants BentoBox](https://images.ctfassets.net/h81st780aesh/7rAsI0iGUqYXejwyBW44N7/92fcdd16fc220fe4b522331c0225a747/Bento_shoot_-_The_Tyger_-_Finals-05.jpg)
- Reports & Guides
- Tools & Templates
- Case Studies
- BentoBox vs. Competitors
- Become a Partner
![sample business plan of restaurants BentoBox](https://images.ctfassets.net/h81st780aesh/5SanATtGHF6U1Uf7ul0AVx/fb4f1d5d8da0c25e57f1df392175417a/Bird_with_note-_white.png)
- Design Inspiration
- Diner Relationships
New Openings
- Product Updates
How to Write a Restaurant Business Plan [Free Template]
Start creating your restaurant’s business plan with BentoBox’s free business plan template.
The restaurant business plan is a crucial first step in turning an idea for a restaurant into an actual business. Without it, investors and lenders will have no way of knowing if the business is feasible or when the restaurant will become profitable. Business plans span dozens (or even hundreds) of pages, and due to the stakes that lie within the document and the work required to write it, the process of writing a restaurant business plan can threaten to overwhelm.
That’s why BentoBox has created a restaurant business plan template for aspiring restaurant owners. With section prompts for business plan essentials like financial projections, market analysis and a restaurant operations overview, this template makes creating a business plan significantly more manageable.
Included is a professionally designed, customizable version of the template on Google Docs. Restaurants can download the template below, make a copy and tailor it to their specific concept. For design inspiration, download here .
![sample business plan of restaurants BentoBox](https://images.ctfassets.net/h81st780aesh/ZQGgkErHFvX8TOxLEhrNu/5795ef5eb17ce3886881791a67825963/228x275_-_Generic_Blog_Post.png?fm=webp&w=228&h=275&fit=fill&f=center&q=50)
Restaurant Business Plan Template
Download the Free Restaurant Business Plan Template from BentoBox
Recommended
![sample business plan of restaurants BentoBox](https://images.ctfassets.net/h81st780aesh/mUFtUk6S6Uc1QoUl8xcYp/d4b8bcf7e37e35c17f1dad5bb7e77ceb/how-to-open-a-bakery.jpg?fm=webp&w=743&h=446&fit=fill&f=center&q=50)
How to Open a Bakery: The 6 Key Steps
June 20, 2023
A step-by-step guide to planning, financing, designing, staffing, and marketing a new bakery.
![sample business plan of restaurants a person standing in front of a store](https://images.ctfassets.net/h81st780aesh/6srBrLBnJZFIwGLeY7ywdE/9ce952e9d739a71329f2174d692a0a44/60937meatball_shop_locations.jpg?fm=webp&w=743&h=446&fit=fill&f=center&q=50)
How To Expand Into A Multi-Unit Concept
June 30, 2017
Advice from The Meatball Shop, Tacolicious and Next Door on growing your restaurant business
![sample business plan of restaurants Restaurant staff celebrating a new restaurant opening](https://images.ctfassets.net/h81st780aesh/3euN3bNPWsHkJpP5hUDIYB/ab232896ce775a01588ceee0ac4f26d3/15857iStock-657418790.jpg?fm=webp&w=743&h=446&fit=fill&f=center&q=50)
How to Market a New Restaurant Opening
July 1, 2021
From the website and social media to building buzz with a PR agency, here's how you can set yourself up for success.
- Terms of Service
- Privacy Policy
- Shipping Policy
- Refund Policy
- City Food Equipment - Lombard, IL
- City Food Equipment - Chicago, IL
- City Food Equipment - Milwaukee, WI
- Commercial Ovens
- Stock Pot Ranges
- Flat Top Griddles
- Charbroilers / Vertical Broilers
- Salamanders & Cheese Melters
- Countertop Appliances
- Cooking Equipment Parts & Accessories
- Blenders / Immersion
- Dough Mixers
- Dough Sheeters / Presses
- Food Processors
- Beverage Equipment
- Food Preparation Accessories
- Dish Tables
- Faucets / Sprayers
- Grease Traps
- Plumbing Parts & Accessories
- Underbar Equipment
- Stainless Steel Work Tables & Equipment Stands
- Wood Tables
- Countertop Warmers
- Heated Holding Cabinets
- Steam Tables
- Roast & Hold
- Warming Display
- Parts & Accessories
- Dishwashers
- Shelving & Storage
- Sneeze Guards
- Used Fryers
- Used Flat Top Griddles
- Used Ranges
- Used Charbroilers
- Used Countertop Small Cooking Appliances
- Used Bread Slicers
- Used Bowl Choppers
- Used Dough Mixers
- Used Dough Dividers / Rounders
- Used Dough Sheeters | Press
- Used Food Processors
- Accessories
- Used Refrigerators
- Used Freezers
- Used Undercounter Refrigerators / Freezers
- Used Prep Tables
- Used Back Bar Refrigerators
- Used Refrigerated Display Cases
- Used Ice Cream Machines
- Used Ice Machines
- Used Coffee Brewers
- Used Coffee Grinders
- Used Beverage Dispensers
- Used Tables
- Used Steamers & Warmers
- Used Plumbing Equipment
- Used Carts & Racks
- Used Miscellaneous Equipment
- Used Meat Slicers
- Used Meat Saws
- Used Meat Tenderizers
- Used Meat Mixers/Grinders
- Used Patty Makers
- Bowl Choppers
- Meat Grinders
- Meat Slicers
- Meat Mixers
- Sausage Stuffers
- Commercial Cutlery
- Asian Cookware
- Bakeware & Supplies
- Bar Supplies
- Catering & Buffet-Ware
- Food Preparation & Supplies
- Janitorial Supplies
- Kitchen Utensils
- Professional Cookware
- China Dinnerware
- Ice Machines
- Ice Cream / Chest Freezers
- Prep Tables
- Reach-In Refrigerators
- Reach-In Freezers
- Undercounter Refrigeration
- Display Cases
- Back Bar Refrigerators
- Worktop Refrigerators / Freezers
- Parts - Foodservice Equipment
- Repair Service - Restaurant Equipment
- Repair Center - Restaurant Equipment
- Rent - Short-term Parties & Special Events
- Lombard, IL
- Chicago, IL
- Milwaukee, WI
A Restaurant Business Plan Beginner's Guide + Examples
Are you planning to open a restaurant? Crafting a well-structured business plan is the key to transforming your culinary vision into a successful reality.
Think of this plan as a roadmap that guides your business toward its goals and demonstrates its potential to investors.
A comprehensive business plan is vital for securing funding, attracting customers, and achieving long-term success in the competitive restaurant industry.
To illustrate what a strong plan looks like, we have created a fictional restaurant, complete with hypothetical figures and information for demonstration purposes only.
Understanding the Basics of a Restaurant Business Plan
A restaurant business plan is a detailed document that explains everything about your restaurant's business structure, including the menu, target market, financial projections, and marketing strategy.
Essentially, it acts as a blueprint for your restaurant.
It can be seen as a roadmap to help you launch and run your restaurant. It keeps you organized and focused.
It also shows potential investors and lenders that your idea can work. A good business plan is key for getting funds and finding the right partners.
The Purpose and Importance of a Business Plan for Restaurants
In the ever-changing restaurant industry, having a strong business plan is the key to success. It shows your vision, strategies, and goals.
This plan gives you a clear direction for your restaurant and gets you ready for the grand opening !
A good business plan explains your restaurant’s mission statement and what makes it special to potential investors.
It also includes your financial projections, showing how your idea can be profitable and sustainable.
This is important to get funding and to attract investors who believe in what you are doing.
A business plan also helps you spot possible challenges before they happen. It forces you to think carefully about your target market, competition, and operational logistics.
This way, you can reduce risks and increase the chances of success.
What You Need to Get Started
As a new business owner, writing a restaurant business plan is an important step. You need a clear idea of what you want to do and know the basics.
Start by defining what your restaurant will be about.
Think about who your target audience is and what special dining experience you want to offer.
Look at practical details like the service style you will use, the atmosphere you want to create, and what hours your restaurant will be open.
Make an outline of your menu, focusing on the dishes that will attract your target market. Research the kitchen equipment you will need and the costs so everything runs smoothly from the start.
Lastly, include details about your management team. Show their experience and skills.
A strong team can build trust with potential investors and increase the credibility of your business plan.
Gathering Market Research and Competitive Analysis
Understanding your target market is very important for a restaurant to succeed. Doing good market research will help you find out who your ideal customers are. You can learn about their likes and eating habits.
Look at demographics, income levels, and food trends in your area. This way, you can adjust your menu and services to fit their needs.
Next, do a detailed analysis of your competitors. Find out what restaurants are near you.
Check their menus, prices, and target audience. Look at what they do well and where they struggle.
Think about what unique things you can offer to stand out.
By knowing both your competitors and your target market, you can improve your restaurant concept, menu, and marketing strategy.
This helps you stand out in a busy market. Remember, having a clear target market and a unique selling point is key to bringing in and keeping customers.
Crafting Your Restaurant's Concept and Brand Identity
Now that you have finished your market research and examined competitors' strategies, it’s time to create your restaurant concept and build a strong brand identity.
This is where your cooking ideas can really shine.
Think carefully about what your target market likes, what the local food scene is like, and what you enjoy doing.
Do you want a relaxed neighborhood bistro, a fancy restaurant, or a unique theme? The choice is yours!
A clear concept helps shape your menu, décor, and brand's overall feel.
Defining Your Restaurant Concept and Theme
Your restaurant concept is the main part of your business. It shapes how customers feel when they dine with you.
Clearly outline what type of restaurant you want. Is it a casual café, a lively sports bar, or a fancy fine-dining place? Create a unique dining experience that makes you stand out.
Think about the vibe you want. Will it be warm and welcoming, lively and energetic, or classy and romantic?
Your theme should match your target market and fit well with your menu.
A clear restaurant concept not only invites customers but also helps you make choices about your menu, your place's appearance, and your marketing.
It’s the base for building your brand identity.
Creating a Unique Selling Proposition (USP)
Creating a unique selling proposition (USP) is very important in the restaurant industry.
Your USP shows what makes your restaurant unique. Consider your restaurant concept, service style, or special menu items that will attract your target audience.
A clear USP helps attract potential customers and can catch the eye of investors, too.
Make sure your USP matches your overall mission and values. This helps you make a strong impression on your customers.
Writing Your Restaurant Business Plan (Step by Step)
Now that you have your idea, brand, and unique selling point ready, it is time to create your business plan.
A clear plan helps you organize your thoughts. It also shows your vision to potential investors in a simple way.
Follow these steps to make sure you include all the important parts of a great restaurant business plan.
Remember to support your statements with solid research and realistic financial projections.
Step 1: Executive Summary and Company Description
Start with a clear executive summary. This should explain your restaurant's idea, the target market, and key financial points.
This part of your plan should capture the reader's attention right away.
Executive Summary Example: Harvest Bistro
Harvest Bistro is an innovative, farm-to-table restaurant located in the heart of downtown Maplewood, targeting health-conscious diners, families, and local food enthusiasts. With a mission to provide fresh, sustainably sourced dishes that celebrate the rich flavors of seasonal ingredients, Harvest Bistro aims to create a unique dining experience that combines delicious cuisine with a commitment to the community and the environment.
Concept and Vision Our vision is to establish Harvest Bistro as a premier dining destination known for its exquisite menu, warm ambiance, and strong community ties. The concept revolves around simple yet sophisticated dishes crafted from locally sourced ingredients, featuring an ever-changing seasonal menu that keeps guests excited and engaged. We aim to build a loyal customer base by delivering exceptional service and memorable dining experiences.
Market Opportunity Maplewood is experiencing a renaissance in culinary culture, with a growing demand for restaurants that prioritize sustainability, local sourcing, and healthy dining options. Our target audience includes young professionals, families, and eco-conscious diners seeking high-quality, responsibly prepared meals. With the nearest comparable farm-to-table establishment located over 30 miles away, Harvest Bistro has a unique opportunity to capture a significant share of the local market.
Unique Selling Proposition Harvest Bistro differentiates itself through its commitment to sustainability and community involvement. We partner with local farmers and artisans to source fresh, organic ingredients, ensuring that every dish we serve supports the local economy and reduces our carbon footprint. Our menu will feature creative dishes that highlight seasonal produce, offering both vegan and gluten-free options to cater to diverse dietary preferences. Additionally, we plan to host monthly farm dinners, local wine pairings, and cooking classes, fostering a sense of community and engagement.
Management Team The restaurant will be led by experienced restaurateur Jane Mitchell, whose 15 years in the industry include the successful launch and management of three award-winning eateries. Our Executive Chef, Michael Anderson, brings a wealth of knowledge and creativity, having honed his craft at several Michelin-starred restaurants across the country. Together, they are committed to making Harvest Bistro a beloved local dining destination.
Financial Projections With an initial investment of $500,000, Harvest Bistro is projected to generate $1.2 million in revenue by the end of Year 1, with a net profit margin of 18%. Our five-year financial forecast indicates steady growth, driven by strategic marketing efforts, a robust loyalty program, and continued community engagement. By Year 3, we aim to achieve an annual revenue of $1.8 million and a net profit margin of 22%.
Conclusion Harvest Bistro is poised to become a standout dining destination in Maplewood by offering an exceptional farm-to-table experience that aligns with the values and preferences of today's discerning diners. With a passionate management team, a unique market position, and a clear plan for growth, we are confident in our ability to create a thriving business that contributes positively to our community and the environment. We invite you to join us on this exciting journey to redefine what it means to dine locally and sustainably.
Next, give a detailed company description. Talk about your restaurant's mission, vision, and values.
Include background information about the restaurant owners and main management staff, and highlight their experience and knowledge in the industry.
Clearly state your restaurant's legal structure. Is it a sole proprietorship, partnership, or corporation? This section should offer a full view of your restaurant's identity and the main factors behind it.
Step 2: Menu Design and Offerings
Your menu is very important for your restaurant. It needs careful design and good choices.
Make a sample menu that shows what your restaurant is about and what food you want to serve. Think about pricing, where you get your ingredients, and any dietary needs.
Highlight your signature dishes. These dishes should show off what your chef can do and the different flavors you provide.
Whether your place is for casual dining or fine dining or has a special theme, make sure your menu attracts customers and matches your brand.
Here are some points to think about when making your sample menu:
- Theme and Cuisine: Your menu should fit with your restaurant's idea and the type of food you serve.
- Pricing Strategy: Look into what others charge and find a price that is both good for business and competitive.
- Visual Appeal: A good-looking menu makes the overall dining experience better.
Step 3: Market Analysis and Target Audience
A good market analysis is very important. It helps you understand your competition and find your target audience.
Look into the age, dining trends, and income levels in your area.
This will help you find your ideal customer.
Create a clear profile of your target audience. Include their age, dining choices, and how much they spend. Use this information to shape your menu, marketing plan, and business strategy.
Having a clear target audience helps you change what you offer and how you communicate. This makes your marketing more effective and helps you attract the right customers.
Example Market Analysis: Harvest Bistro
Industry Overview The farm-to-table movement is a growing trend in the restaurant industry, driven by consumers' increasing desire for fresh, locally sourced, and sustainably produced food. According to the National Restaurant Association, the demand for farm-to-table dining experiences has increased by 14% annually over the past five years, reflecting a shift toward healthier eating habits and environmental awareness. This trend is particularly pronounced among millennials and Gen Z diners, who prioritize sustainability, transparency, and community impact when choosing where to eat.
Local Market Insights Located in downtown Maplewood, Harvest Bistro is strategically positioned to capitalize on these industry trends. Maplewood is a vibrant, rapidly growing community with a population of over 45,000 residents. The city boasts a median household income of $78,000, and a significant portion of its residents fall within the 25-45 age demographic—key segments that align with our target market of young professionals, families, and eco-conscious consumers.
Maplewood has recently seen an influx of new businesses and a surge in interest in local culture, art, and dining. With a thriving downtown area that hosts numerous community events, farmer’s markets, and a popular annual food festival, there is a strong appetite for unique dining experiences that emphasize local flavors and sustainable practices. However, despite this growing demand, there are currently no farm-to-table restaurants within a 30-mile radius, presenting a significant opportunity for Harvest Bistro to fill this market gap.
Target Market Segmentation Our target market can be segmented into three primary groups:
Young Professionals (Ages 25-40): Comprising approximately 35% of Maplewood’s population, this group is characterized by a disposable income and a penchant for dining out. They value high-quality, innovative cuisine and are attracted to restaurants that reflect their values, such as sustainability and community engagement.
Families (Parents Ages 30-50, with Children): Representing about 25% of the local market, families are increasingly seeking out dining options that are both kid-friendly and health-conscious. Harvest Bistro’s welcoming atmosphere, combined with menu options that cater to a variety of dietary preferences (including gluten-free and vegan choices), positions us as an attractive option for family dining.
Eco-Conscious Consumers (All Ages): This group, which includes both younger and older demographics, prioritizes sustainability and ethical consumption. They are highly likely to support businesses that share their values, especially those that emphasize locally sourced ingredients, environmental responsibility, and community involvement. This segment is estimated to make up 15-20% of the Maplewood dining market.
Competitive Landscape While Maplewood has a variety of dining options, from casual eateries to fine dining, there is currently no direct competitor offering a dedicated farm-to-table experience. Nearby restaurants that focus on local cuisine do not emphasize sustainable sourcing or seasonal menus to the extent that Harvest Bistro will. This lack of direct competition provides a unique opportunity for Harvest Bistro to establish itself as the leading choice for customers seeking fresh, locally sourced meals.
Our closest indirect competitors include a few upscale bistros and casual dining establishments that serve locally inspired dishes, but none offer a comprehensive farm-to-table concept. Harvest Bistro will distinguish itself with its commitment to local partnerships, an ever-changing seasonal menu, and community-focused events such as cooking classes and farm dinners.
Market Potential and Demand The Maplewood dining market is growing, with an estimated annual growth rate of 5%. Given the increasing consumer preference for healthier, sustainable dining options, we project strong demand for Harvest Bistro’s offerings. According to recent surveys, 72% of Maplewood residents are interested in supporting local businesses that prioritize sustainability, and 64% express a willingness to pay a premium for fresh, locally sourced food. This data indicates significant market potential for a restaurant like Harvest Bistro.
Sales Forecast Based on our target market analysis and competitive landscape, we estimate capturing 8-10% of the local dining market in our first year, translating to approximately 24,000 diners. With an average check size of $50, our revenue forecast for Year 1 is $1.2 million. We anticipate growth of 10-15% annually as we build our brand and customer loyalty through strategic marketing and community engagement.
Conclusion The market analysis indicates a strong opportunity for Harvest Bistro to establish itself as the go-to farm-to-table restaurant in Maplewood. With minimal direct competition, a favorable local demographic, and growing consumer demand for sustainable, locally sourced dining experiences, Harvest Bistro is well-positioned to thrive in this dynamic market. By leveraging our unique value proposition and actively engaging with the community, we aim to capture a significant share of the local dining market and achieve steady growth over the next five years.
Step 4: Marketing and Sales Strategies
To build a successful business, start by outlining a clear marketing plan designed to attract and retain customers.
Consider incorporating grand opening deals to generate initial interest and excitement. Utilize social media advertising and local ads to increase your visibility and reach within the community.
Focus on connecting with your target audience in meaningful ways. Create excitement by sharing attractive food pictures and announcing special deals on social media platforms.
Engage with food bloggers and local influencers to expand your reach and build credibility.
It's essential to regularly monitor and adjust your marketing efforts based on the results you observe and the feedback you receive from customers.
This proactive approach ensures that your strategies remain effective and responsive to market demands.
Step 5: Organizational Structure and Management Team
Outline how your restaurant is organized. Define the roles and responsibilities for your team. Talk about the skills and experience of your management team. Show how they can lead and run a successful restaurant.
Investors look for a strong team in charge. If some key positions are still open, describe what your perfect candidates would be like and what skills they should have.
Example Organizational Structure: Harvest Bistro
Harvest Bistro’s organizational structure is designed to ensure efficient operations, exceptional customer service, and a dynamic workplace environment that fosters creativity and collaboration. The team is composed of experienced professionals who bring a diverse range of skills and a shared passion for delivering a unique farm-to-table dining experience. Below is an outline of the key roles and responsibilities within our team, along with a brief overview of the skills and experience of our management team.
Key Roles and Responsibilities
Owner/General Manager: Jane Mitchell
- Responsibilities: Jane oversees all aspects of Harvest Bistro’s operations, including financial management, marketing, staffing, and customer satisfaction. She is responsible for setting strategic goals, managing budgets, and ensuring that the restaurant adheres to its mission of providing a sustainable, farm-to-table dining experience. Jane also cultivates partnerships with local farmers and vendors, aligning sourcing with the restaurant’s seasonal menu.
- Skills and Experience: Jane brings over 15 years of experience in the restaurant industry, having successfully launched and managed three award-winning eateries. Her expertise includes business development, team leadership, and strategic planning. Jane’s strong network within the culinary community and her passion for sustainable practices make her uniquely qualified to lead Harvest Bistro to success.
Executive Chef: Michael Anderson
- Responsibilities: Michael is responsible for designing the menu, managing the kitchen staff, and ensuring the consistent quality of all dishes served. He oversees inventory management, food sourcing, and kitchen safety protocols. Michael collaborates closely with local farmers and suppliers to create seasonal dishes that reflect the restaurant’s farm-to-table ethos.
- Skills and Experience: With over a decade of experience in some of the nation’s top Michelin-starred restaurants, Michael is known for his creativity, culinary innovation, and commitment to sustainability. His deep understanding of farm-to-table cuisine and his ability to create compelling, seasonal menus make him an ideal fit for Harvest Bistro.
Front-of-House Manager: Samantha Lewis
- Responsibilities: Samantha is in charge of all front-of-house operations, including managing the host, waitstaff, and bar teams. She ensures that every guest enjoys a welcoming and memorable dining experience. Samantha is also responsible for staff training, scheduling, customer service, and maintaining the restaurant’s ambiance and decor.
- Skills and Experience: Samantha has over eight years of experience managing front-of-house operations in high-end dining establishments. She is highly skilled in customer relations, team training, and conflict resolution. Her strong leadership and communication skills ensure a cohesive team environment and excellent customer service.
Sous Chef: David Martinez
- Responsibilities: David assists the Executive Chef in menu planning, food preparation, and kitchen management. He supervises line cooks, manages food quality control, and ensures adherence to health and safety standards. David also plays a crucial role in creating daily specials and implementing new recipes.
- Skills and Experience: David has five years of experience as a sous chef in both fine dining and casual eateries. His expertise lies in efficiently managing kitchen operations and ensuring the highest quality in food preparation. He is passionate about sustainable cooking and locally sourced ingredients, aligning perfectly with Harvest Bistro’s mission.
Marketing and Events Coordinator: Emily Wong
- Responsibilities: Emily is responsible for developing and executing marketing strategies, managing social media accounts, and planning special events such as farm dinners, wine pairings, and cooking classes. She works closely with the General Manager to promote Harvest Bistro’s unique offerings and build a loyal customer base.
- Skills and Experience: Emily has a background in digital marketing and event management, with over six years of experience in the hospitality industry. Her creative marketing campaigns and strong community engagement skills will help elevate Harvest Bistro’s brand presence and attract new customers.
Head Bartender: Tom Richardson
- Responsibilities: Tom manages the bar operations, including drink menu creation, inventory control, and staff training. He ensures that all beverages are prepared to the highest standards and develops signature cocktails that complement the seasonal food menu.
- Skills and Experience: With over ten years of experience as a mixologist and bar manager, Tom is known for his innovative drink creations and his ability to provide a memorable bar experience. His understanding of local flavors and dedication to sustainability align with the restaurant’s overall philosophy.
Line Cooks, Hosts, Waitstaff, and Support Staff
- Responsibilities: These team members are critical to daily operations, ensuring efficient kitchen prep, welcoming service, and a seamless dining experience for all guests. Line cooks are responsible for food preparation under the guidance of the Executive Chef and Sous Chef. Hosts and waitstaff handle guest seating, order taking, and customer satisfaction.
- Skills and Experience: Each staff member is trained in their specific roles, with an emphasis on teamwork, customer service, and product knowledge. Many have previous experience in similar roles and are enthusiastic about contributing to Harvest Bistro’s mission.
Leadership and Management Capabilities
The management team at Harvest Bistro is uniquely qualified to run a successful restaurant, given their diverse backgrounds and extensive experience in the industry.
Jane Mitchell’s strategic vision and leadership skills, combined with Michael Anderson’s culinary expertise, set the foundation for a restaurant that is both innovative and operationally sound.
Samantha Lewis’ strong front-of-house management ensures an exceptional customer experience, while Emily Wong’s marketing acumen drives brand visibility and engagement.
Together, this team has a proven track record of success in the restaurant industry, with a deep understanding of both the business and creative aspects of running a farm-to-table dining establishment.
Their combined skills and experience provide the leadership needed to build a thriving, community-focused restaurant that meets both its financial goals and its mission to promote sustainability.
Having a united and experienced team is important. It helps with smooth operations, great customer service, and the overall success of your restaurant.
Step 6: Operational Plan and Logistics
Develop a clear plan for how your restaurant will operate every day. This plan should include details on how to choose vendors, manage inventory, and create staff schedules.
Having a good operational plan will help things run smoothly and use resources wisely.
Example of Vendor Selection & Management
At Harvest Bistro, vendor selection is critical to maintaining our commitment to fresh, locally sourced, and sustainably produced ingredients. We will establish partnerships with local farmers, artisanal producers, and sustainable suppliers who align with our values and can provide consistent, high-quality products. Our vendor selection process will involve:
- Research and Networking: We will research local farms and suppliers within a 50-mile radius and attend local farmers' markets and food fairs to identify potential vendors.
- Quality Assessment: Potential vendors will be evaluated based on the quality of their produce, sustainability practices, and reliability. We will visit farms and facilities to inspect production methods and ensure that all partners meet our standards for organic and ethical farming.
- Pricing and Contracts: Negotiations will focus on establishing fair pricing and building long-term relationships. We will create contracts that outline delivery schedules, payment terms, and quality standards.
- Diversity and Backup: We will work with multiple vendors for each product category to ensure a steady supply and mitigate risks associated with crop failures or supply chain disruptions.
You should also create a layout of your restaurant's floor plan. This should show seating capacity, how the kitchen is organized, and how customers will move around.
This visual aid will help potential investors see your space and understand how it works.
Logistics play a key role in running a successful restaurant. Making processes easy, ensuring deliveries are on time, and keeping inventory levels just right will help reduce waste and increase profits.
Step 7: Financial Projections and Funding Requirements
Financial projections are a critical component of your business plan.
Provide detailed financial statements, including projected income statements, balance sheets, and cash flow statements for the next three to five years.
Clearly state your funding requirements and how you plan to utilize the funds.
Whether you're seeking investors, loans, or a combination, transparent financial projections are crucial for securing funding and demonstrating your business acumen.
Financial Statement | Description |
Income Statement | Projects your restaurant's revenues, expenses, and profits over a specific period. |
Balance Sheet | Provides a snapshot of your restaurant's assets, liabilities, and equity at a specific point in time. |
Cash Flow Statement | Tracks the inflow and outflow of cash in your business, showing how much cash is available. |
Sample Financial Projections Template for Harvest Bistro
The following provides a comprehensive overview of our anticipated financial performance over the next three to five years, including detailed income statements, balance sheets, and cash flow statements.
Projected Income Statements (Profit and Loss Statements)
- Total Revenue: $[Amount]
- Cost of Goods Sold (COGS): $[Amount]
- Gross Profit: $[Amount]
- Operating Expenses: $[Amount]
- Net Profit: $[Amount]
(Continue for Years 3-5)
Projected Balance Sheets
- Current Assets: $[Amount]
- Fixed Assets: $[Amount]
- Current Liabilities: $[Amount]
- Long-term Liabilities: $[Amount]
- Equity: $[Amount]
Projected Cash Flow Statements
- Cash Flow from Operating Activities: $[Amount]
- Cash Flow from Investing Activities: $[Amount]
- Cash Flow from Financing Activities: $[Amount]
- Net Cash Flow: $[Amount]
- Net Cash Flow: $[Amount] (Continue for Years 3-5)
These financial projections are based on our expected growth, market trends, and strategic plans to increase revenue and manage costs effectively. They provide a roadmap to ensure Harvest Bistro remains financially sound and profitable over the coming years.
Legal and Regulatory Considerations
Navigating the legal rules is very important for a restaurant business. You need to follow all local, state, and federal rules about food service, health, safety, and hiring workers.
It is a good idea to talk to a lawyer and a business advisor. They can help you get the right licenses, permits, and insurance.
Following these rules keeps your business safe from legal problems and helps create a safe space for employees and customers.
Food Service Licenses & Permits
Getting the right food service licenses and permits is a must for any restaurant that wants to operate legally.
The rules can change depending on where you are and what type of business you have, so it's important to do your research.
You should reach out to your local health department and other important offices to find out what specific licenses and permits your restaurant needs.
Common requirements might include food handler's permits for your staff, a business license, and a food establishment permit.
Staying compliant with these regulations is an ongoing task. You should regularly check your licenses and permits to ensure they are current and meet the latest standards.
Compliance with Health and Safety Regulations
Health and safety rules are very important in the restaurant industry. You should know the local and national food safety rules . This includes how to handle, store, and clean food properly.
You need to set up a complete food safety training program for all your staff. Make sure they understand and follow all the steps. Inspect your facilities and equipment regularly to keep everything safe and clean.
Following health and safety rules protects your customers from getting sick from food.
It also helps to protect your reputation and lowers the chance of expensive legal problems.
Implementing Technology in Your Restaurant Business
In today's world, technology is very important for improving how restaurants run and how customers feel.
There are tools like point-of-sale (POS) systems and platforms for online ordering. These tools help restaurants to work better and faster.
Using technology can help you improve your operations, understand your customers better, and reach more people.
Point of Sale (POS) Systems and Management Software
Choosing the right point of sale (POS) system and management software is very important for your restaurant.
A good POS system can help process orders faster, keep track of sales data, and manage inventory.
Management software can make work easier by automating things like employee schedules and payroll.
Using these tools well can improve customer service and make your restaurant more efficient.
This can increase profit and make customers happier. Picking the right POS system can really affect your earnings and help your operations run smoothly.
Leveraging Online Ordering and Delivery Platforms
In today’s economy, it is important to offer online ordering and work with delivery platforms to grow your customer base.
Make sure your website and mobile app provide an easy online ordering experience.
Customers should be able to quickly look at your menu and place orders.
Partner with trusted delivery services to reach more people and take advantage of the rising trend in food delivery. When selecting your partners, consider carefully delivery fees and commissions.
By providing online ordering and delivery, you meet the changing needs of customers.
This also helps you reach more people, increase the number of orders, and may raise your revenue.
Frequently Asked Questions
How can i determine the best location for my restaurant.
Finding the right place requires looking at foot traffic and how easy it is to get there for your target market. You should also consider how close it is to local businesses and check out the competitors in that specific location. Thorough market research is important to help you make a smart choice.
What are the most effective marketing strategies for a new restaurant?
Effective marketing strategies use social media, work with local partners, and create engaging content that targets your market. You might also want to talk to industry experts for help. It is important to check and adjust your marketing efforts regularly.
How do I create realistic financial projections for my restaurant?
Making financial projections means predicting sales and considering expenses like food, labor, and other costs. Talking to a trained accountant can help you create a complete budget. This includes a predicted profit and loss statement, as well as realistic financial goals, especially for your important first year.
Wrapping it Up
In summary, a clear restaurant business plan is very important for your restaurant's success. It helps you explain your idea, know your market, and make a practical financial plan.
By using a step-by-step method from this guide, you can create a plan that shows what makes your restaurant special and different from others in the restaurant industry.
Remember to use technology and follow legal rules; these are important aspects to consider. If you need more help or advice in creating your restaurant business plan, feel free to contact us.
Good luck with your restaurant!
Added to your cart:
![sample business plan of restaurants](https://dynamic-media-cdn.tripadvisor.com/media/photo-o/0f/0a/bd/07/lemon-tree.jpg?w=1000&h=-1&s=1)
LEMON TREE, Perm - Menu, Prices & Restaurant Reviews - Tripadvisor
![sample business plan of restaurants Examples](https://images.examples.com/wp-content/uploads/2024/04/examples-com-logo-3.webp)
Self Storage Business Plan
![sample business plan of restaurants sample business plan of restaurants](https://images.examples.com/wp-content/uploads/2021/04/Self-Storage-Business-Plan-Feature-Image.jpg)
Many people tend to want to find a place where they can store anything, may it be cold food items, grain, or even household items they may not have space to store at home. Even when it means that the production or the work they do can be stored somewhere else, they will find a way for that. It goes without saying to be able to do this as a form of business venture, you have to at least be prepared for anything. As they will always say it is best to have all your plans from A to Z. It is no secret that having a place to store the things you want and need is quite helpful as well. But before you are going to do that, do you have a business plan to back up the reason for having a self-storage business? You know you need one. So here are examples you can download for such use.
8+ Self-Storage Business Plan Examples
1. free self-storage business plan template.
![sample business plan of restaurants Self Storage Business Plan Template](https://images.examples.com/wp-content/uploads/2021/04/Self-Storage-Business-Plan-Template.jpg)
- Google Docs
- Apple Pages
2. Self-Storage Business Marketing Plan Template
![sample business plan of restaurants Self Storage Business Marketing Plan Template](https://images.examples.com/wp-content/uploads/2021/04/Self-Storage-Business-Marketing-Plan-Template.jpg)
3. Cold-Chain Self Storage Business Plan
![sample business plan of restaurants Cold chain Self Storage Business Plan](https://images.examples.com/wp-content/uploads/2021/04/Cold-chain-Self-Storage-Business-Plan.jpg)
Size: 332 KB
4. Editable Self-Storage Business Planning
![sample business plan of restaurants Editable Self Storage Business Planning](https://images.examples.com/wp-content/uploads/2021/04/Editable-Self-Storage-Business-Planning.jpg)
Size: 235 KB
5. Portable Self-Storage Business Plan
![sample business plan of restaurants Portable Self Storage Business Plan](https://images.examples.com/wp-content/uploads/2021/04/Portable-Self-Storage-Business-Plan.jpg)
Size: 76 KB
6. Sample Self-Storage Business Plan
![sample business plan of restaurants Sample Self Storage Business Plan](https://images.examples.com/wp-content/uploads/2021/04/Sample-Self-Storage-Business-Plan.jpg)
Size: 854 KB
7. Self Cold Storage Business Plan
![sample business plan of restaurants Self Cold Business Storage Plan](https://images.examples.com/wp-content/uploads/2021/04/Self-Cold-Business-Storage-Plan.jpg)
Size: 527 KB
8. Self-Storage Business operation plan
![sample business plan of restaurants Self Storage Operation Business Plan](https://images.examples.com/wp-content/uploads/2021/04/Self-Storage-Operation-Business-Plan.jpg)
9. Self-Storage Facility Development Business Plan
![sample business plan of restaurants Self Storage Facility Development Business Plan](https://images.examples.com/wp-content/uploads/2021/04/Self-Storage-Facility-Development-Business-Plan.jpg)
Size: 11 MB
What Is a Self-Storage Business Plan?
We know that a business plan is a helpful tool used wherein a summary of your strategies is going to be written. A self-storage business plan is a kind of business plan that shows the strategic, comprehensive, and simplest ways to write down what you want to happen for your self-storage business. A management plan. The contents of your business plan will show you the big picture of how your business will grow in the future or at a specific time. In addition to that, a self-storage business plan also helps you write down your goals, objectives, and strategies and how you are going to achieve them. Milestones are also written in order to see how far you have achieved. For a self-storage business owner, a self-storage business plan is a tool they need in order to attain this goal.
How to Construct a Self-Storage Business Plan
Making a self-storage business plan is useful. You may already have heard of that reason before, but it is true. Working on any kind of business plan for your business is useful. Now, you may also already have an idea set in mind for making that self-storage business plan of yours. But it won’t hurt to take a look at these other guidelines to set it up.
1. Draft and Outline Your Self Storage Business Plan
Making a draft and outlining your business plan will be a great help for you. It is also going to be easier if you do this step first before going through the final output. Drafting out your business plan does not mean you are wasting time on it, it simply means that you are meticulous with what you want to happen. To make it even better while you draft it out, use the SMART method for your business plan.
2. List the Tools and the Strategies
Make a checklist or list down the tools and the strategies you are going to be doing for your self-storage business. Making a checklist for the tools is going to be easier for you to list down the necessary things you may need and the right tools to make it work as well. As for the strategies, your strategies must be doable and can help you make your storage business a success. This is why when you think about your strategies, think about how they can make your business a success.
3. Define Your Goals and Objectives
Define the goals and objectives in your business plan. When in doubt, remember the SMART method for your business plan. The goal of your business plan has to be what your self-storage is about. The same goes for your objectives. It should be doable, possible, and well-rounded objectives.
4. Set Up Milestones for Your Business Plan
Milestones for your business plan help maintain where you are in the business plan. It also helps you in a way that gives you a bigger picture of how well the business plan is going. In addition to that, the milestone is also going to be the stepping stone for making your self-storage business flourish.
What is a self-storage business plan?
A self-storage business plan is a kind of business plan that provides an outline of a strategic tool to make your business flourish. It is a roadmap to do your self-storage business without having to go through a lot of risks that go with the job.
Why is it always important to have a business plan?
The reason why a lot of business owners use a business plan is to help them avoid risks that go with the business. It also helps them by giving them a guide to what works and what does not. Without a business plan, most businesses may not be as successful as those with business plans.
What should not be in a self-storage business plan?
What should not be in a self-storage business plan is strategies that are too impossible to do. Strategies should be doable. These strategies help you with your business.
A self-storage business is like any other kind of business. It will need a business plan that will help it flourish. When you have no idea as to how to start one, you can always outline and draft. Define your goals and objectives; you must know what you want to expect in your business plan and go from there.
![sample business plan of restaurants Twitter](https://images.examples.com/wp-content/uploads/2024/04/icon_5.png)
Text prompt
- Instructive
- Professional
Create a study plan for final exams in high school
Develop a project timeline for a middle school science fair.
Search Restaurant Business
Breakwater Management may acquire Tender Greens and Tocaya
Tgi fridays loses control of most of its assets, two companies learn the hard way that running restaurants is difficult, pinstripes warns of staff cutbacks after a challenging quarter, kamala harris pledges to help more restaurants and other small businesses get off the ground, red lobster set to exit bankruptcy after court approval.
![sample business plan of restaurants Red Lobster](https://cdn.winsightmedia.com/platform/files/public/2024-09/background/800x1000/redlobster.jpg?VersionId=0m7HVyM8TkHaQbhYw609HSJqZzF4Hjj.)
A judge on Thursday approved Red Lobster’s Chapter 11 bankruptcy plan, clearing the way for the seafood chain to be sold to a group led by Fortress Investment Group.
The Orlando-based casual-dining company filed for bankruptcy in May with liabilities of between $1 billion and $10 billion, capping a tumultuous period of sales declines, losses and leadership turnover. Before and during the bankruptcy proceedings, Red Lobster closed more than 100 struggling restaurants across the country and now stands at 544 locations.
One of the industry’s most well-known brands, Red Lobster will look to get back on track under its new owner, which last week named a new chief executive for the chain, former P.F. Chang’s CEO Damola Adamolekun.
Calling it a “great day for Red Lobster,” Adamolekun in a statement said the company has a plan to reinvigorate the brand with the help of $60 million in new funding from its investors.
“Red Lobster has a tremendous future, and I cannot wait to get started on our plan with the company's more than 30,000 team members across the USA and Canada,” Adamolekun said.
New York-based Fortress, along with co-investors TCW Private Credit and Blue Torch, was the stalking-horse bidder in Red Lobster’s sale process and won the bidding after no other buyers came forward. It offered approximately $375 million, which included $275 million in debt and $100 million in debtor-in-possession financing, for the chain, according to bankruptcy documents. The deal is expected to close before the end of the month.
Fortress has some restaurant experience. An affiliate, SPB Hospitality, owns Krystal, Logan’s Roadhouse and about a dozen other mostly full-service concepts, many of which were acquired out of bankruptcy. Red Lobster will become Fortress’ biggest restaurant holding by far, with more than $2.1 billion in sales last year, according to Technomic data.
Red Lobster has changed hands several times since it was founded in 1968 by legendary restaurateur Bill Darden. It was acquired by General Mills in 1970 and spun off as part of the newly created Darden Restaurants in 1995. In 2014, Darden sold it to private-equity firm Golden Gate Capital. Two years later, Golden Gate sold a 25% stake in Red Lobster to Bangkok-based seafood company Thai Union Group. In 2020, Thai Union and a consortium of investors called the Seafood Alliance bought the remainder of the chain.
Red Lobster stagnated after the sale from Darden to Golden Gate, with sales and unit count largely unchanged from 2014 to 2019. After an initial bounce-back from pandemic lockdowns, the chain struggled with rising costs and falling traffic. In an effort to turn the tide, Thai Union last year launched an all-you-can-eat shrimp deal that led to heavy losses. In January, it announced that it was exiting its investment in the chain.
Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here .
Want breaking news at your fingertips?
Get today’s need-to-know restaurant industry intelligence. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand.
The latest from Restaurant Business, sent straight to your inbox.
Thanks for signing up!
Us open chefs, lebanese wines and khachapuri variations, pumpkin spice season, new york's month-long 'restaurant week' and summer menu pricing, kaiseki menus, detroit-style pizza and a west african chef's pop-up, thousand-hole pancakes, alex stupak's state of mind, family dining and fries, nelson peltz is stepping aside as wendy's chairman, how mr. pickle's is playing the value game with sandwich sizes.
Exclusive Content
The California-born chain known for Dutch Crunch rolls is borrowing a page from Goldilocks and rolling out a mid-sized sandwich that gives guests a more-profitable reason to visit.
The Bottom Line: Red Lobster and Topgolf were both acquired by companies outside the restaurant industry. Those companies have learned just how competitive the business is.
Restaurant buyers have little interest in actual restaurants
The Bottom Line: There is a clear line in what restaurant chain buyers want right now. They want franchisors, not the restaurants themselves.
More from our partners
Boost the bottom line by offering plant-based comfort foods, gear up for football season: what operators need to know about sports broadcasting in restaurants, cold coffee on the rise: how operators can stay ahead of the trend, current influences on consumer spending and value decisions, understanding today’s beef consumer, essential resources, top 100 independents 2023, buzzworthy brands, why workers leave and why they stay, first watch, paris baguette, woworks and more bolster c-suites, restaurant hiring held steady in august, providing a rare spot of good macro news.
![](http://writinghelp.online/777/templates/cheerup/res/banner1.gif)
IMAGES
VIDEO
COMMENTS
Sample Business Plan for a Restaurant Owner. Below is a business plan example to help you create each section of a comprehensive restaurant business plan. Executive Summary Business Overview. Bluehorn Restaurant & Steakhouse is a new restaurant and steakhouse located in Oklahoma City, Oklahoma. The menu of Bluehorn Restaurant & Steakhouse will ...
The Plan. Our restaurant business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the restaurant's operations, marketing strategy, market environment, competitors, management team, and financial forecasts. Executive Summary: Offers an overview of the restaurant's business concept, market ...
4. Menu. The menu is the most important part of a restaurant's debut. Your restaurant wouldn't be able to operate without it. You most likely don't have a final draft at this time, but you should aim to create a mock-up menu for your restaurant business plan. You can choose a design that you can envision yourself using and add your logo to the mock-up.
5. Sample "yummy" Menu. In the restaurant industry, your menu plays a main role as the core product. Include a section in your business plan that highlights key details about your menu offerings to engage readers. If you offer a diverse range of dishes, provide a brief overview of each category.
A restaurant business plan is a document that outlines the various aspects of your restaurant business. It can be used to secure funding from investors or keep track of your progress as you develop your business. A business plan should include information on your target market, competition, business model, marketing strategy, and financial ...
1. Embrace scrollytelling. Use narrative scrolling to take your audience through the journey of your restaurant's concept, from the inspiration behind your dishes to the ambiance you plan to create. This dynamic presentation style keeps readers engaged, turning your business plan into an immersive experience.
5) Menu. Every restaurant needs a good menu, and this is the section within your restaurant business plan that you describe the food you'll serve in as much detail as possible. You may not have your menu design complete, but you'll likely have at least a handful of dishes that serve as the foundation of your offerings.
Your restaurant name and logo. Start by including your restaurant name and logo right on the front page of your business plan. A legally registered name and well-designed logo show that you're serious about your aspirations and have already started doing foundational work on your business. Source.
Download your free small restaurant business plan template. If you're ready to start a restaurant, you can download our free small restaurant business plan template from our library of over 550 sample business plans. Get started today, and discover why businesses that plan grow 30% faster than those that don't. More restaurant business plan ...
Milestones. Obtain necessary permits and licenses — June 1, 2023. Complete renovations and set up — August 1, 2023. Launch website and social media accounts — September 1, 2023. Open for business — October 1, 2023. Start offering catering services — January 1, 2024. Achieve consistent monthly profitability — June 1, 2024.
This section of your restaurant business plan should have two key elements as follows: Everyday short-term processes include all of the tasks involved in running your restaurant such as serving customers, procuring supplies, keeping the restaurant clean, etc. Long-term goals are the milestones you hope to achieve.
6. Management team. Write a brief overview of yourself and the team you have established so far. You want to show that your experience has provided you with the necessary skills to run a successful restaurant and act as a restaurant business owner.
To promote the business, the owners plan to launch an aggressive marketing campaign that will include print ads, radio spots, and social media. In addition, the restaurant will partner with local businesses to offer discounts and promotional offers. The owners have estimated start-up costs of $500,000.
How to write a restaurant business plan: Step-by-Step Guide. Since we are talking about a restaurant business plan; let us walk you through this restaurant business plan outline step-by-step without any delay: 1. Executive summary. An executive summary is the first section and the most significant section of any business plan.
So, you'll want to spend a lot of time perfecting it. Your restaurant business plan executive summary should include information on: Mission statement: Your goals and objectives. General company ...
Potential restaurant investors will look at this section of the business plan carefully to make sure that the market in the proposed location aligns with the ideal customer profile. 3. Competitive Analysis. This section is where you dig deep on sharing which other businesses exist around your proposed location.
Depending on the nature of your restaurant, your business plan could be anywhere from 10 to 50 pages - so your readers will need to find sections easily. This is where a table of contents comes in. It'll look something like this: Executive Summary - p. 3. Business Overview - p. 5.
That's why BentoBox has created a restaurant business plan template for aspiring restaurant owners. With section prompts for business plan essentials like financial projections, market analysis and a restaurant operations overview, this template makes creating a business plan significantly more manageable. Included is a professionally ...
Restaurant Business Plan Sample Breakdown. Below is an in-depth look at each section of a restaurant business plan, what information you should include, and how to write them. 1. Executive Summary. The executive summary is a brief overview of all the information contained in your restaurant business plan. A strong executive summary is essential ...
Are you planning to open a restaurant? Crafting a well-structured business plan is the key to transforming your culinary vision into a successful reality. Think of this plan as a roadmap that guides your business toward its goals and demonstrates its potential to investors. A comprehensive business plan is vital for securing funding, attracting customers, and achieving long-term success in the ...
Lemon Tree, Perm: See 61 unbiased reviews of Lemon Tree, rated 4.5 of 5 on Tripadvisor and ranked #15 of 972 restaurants in Perm.
A self-storage business plan is a kind of business plan that shows the strategic, comprehensive, and simplest ways to write down what you want to happen for your self-storage business. A management plan. The contents of your business plan will show you the big picture of how your business will grow in the future or at a specific time.
The restaurant chain announced Thursday that it received approval for its Chapter 11 plan, offering a glimmer of good news for the business, which has faced a series of struggles.
As part of the Chapter 11 plan, RL Investor Holdings LLC will acquire the Red Lobster® restaurant chain from the Company. RL Investor Holdings LLC is an entity created by funds managed by ...
On Thursday, Red Lobster announced its upcoming acquisition by an entity known as RL Investor Holdings LLC, after the plan was approved by a U.S. bankruptcy judge amid the restaurant chain's ...
A judge on Thursday approved Red Lobster's Chapter 11 bankruptcy plan, clearing the way for the seafood chain to be sold to a group led by Fortress Investment Group. The Orlando-based casual-dining company filed for bankruptcy in May with liabilities of between $1 billion and $10 billion, capping ...
The seafood restaurant chain, now weighed down by $300 million in debt, gets the green light to exit Chapter 11 protection under a CEO with a plan to recapture its past glory.
A U.S. bankruptcy judge on Thursday approved the casual seafood chain's reorganization plan and sale to a lender group led by asset manager Fortress.
(Translated by Google) The best restaurant in the city. If you have not been here yet, be sure to go and feel the taste of Italy yourself. 🤌 By the way, the service is 10/10, we did not wait for the waiter, he himself was there at the right time and empty dishes did not linger on the table, and the dishes were served within 5-10 minutes.
Red Lobster has received court approval for its Chapter 11 exit plan, nudging the popular casual-dining seafood chain closer to emerging from bankruptcy. Known for its seafood offerings and iconic ...