Business Plan to Open a Restaurant

Opening a restaurant may be difficult and stressful, but the end result can be rewarding. In order to make the start-up phase of your restaurant easier, it is advisable to use a business plan. A business plan will provide an outline of your plans, strategies and goals for both you and potential investors.

Executive Summary

Your restaurant business plan should begin with an executive summary. An executive summary is a short and sweet explanation of your business. You should explain the type of restaurant you will be opening, the desired clientèle, and an explanation of your reasons for starting on this endeavor.

Business Information

The business information section should include more detailed information about the type of restaurant you will be operating, your location, your marketing plan, your competitors, and your plan for managing the business.

Financial Data

The financial data portion of a business plan should include all relevant financial details such as investments that have been made or will be needed for the restaurant, estimated operating costs, projected earnings and a statement of expected cash flows.

References

• Georgia State University: Writing a Business Plan