How to Make a Business Plan for a Restaurant? Part 1

The first step to make a Business plan for a restaurant is surely to study the market for the type of restaurant you want to do. For example, you may decide to propose regional cuisine, or  seafood, meat, etc.  After you’ve selected your product / service, do a market analysis to verify that the type of product you have selected is requested by your potential customers. For example, if you decide to make traditional Sicilian cuisine in London, you want to verify that the people of Turin want to taste Sicilian specialties indeed .
You can do with  this simple test using tools such as market research. You can do some interview with some inhabitant by different age groups, income and social status, or you can bring the questionnaires, or you can study the competition. If there are 10 other London restaurants with typical Sicilian food, and working for a long time, then it is likely that London people like the typical Sicilian food.
After verifying that there is a market (that is, there are potential customers), you have to do the list of investments to be made: kitchen equipment, refrigerators, ovens, hoods, various equipment; dishes;  everything regarding the restaurant design such as tables, chairs; tablecloths, cutlery, counterbar and so on.

restaurant decor

restaurant decor

In short, just a list of everything you need and estimate how much it cost. The sum of money that you spend to set up your restaurant, repr esents the amount of your investment. After you have estimated the cost of investment, you must specify how you think you buy them, that you need to analyze the plan of financial coverage.

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