What to Include in a Successful Restaurant Business Plan

It seems like the restaurant industry continues to get more competitive every year. The combined “dining out” market continues to grow and the £16.4 billion industry welcomes thousands of new entrants to the market every year. How do you keep up? How do you stay relevant? What if you are just starting out? The first step to any of those questions is to establish an achievable, reliable and simple business plan.

Decide on a concept:

It sounds like a no-brainer, but coming up with a doable concept is not as simple as it sounds. It requires market research, community knowledge and foresight. Will the theme of your restaurant be a specific cuisine? A strong concept includes what type of food you will serve, the service type and design elements. Be sure to consider things like location, finances and menu prices.

Marketing Overview:

Opening a new restaurant is always risky. You want to prove to investors that you have thought everything through and know what you are getting into. How will you generate interest in your restaurant? What digital marketing concepts will be included? What will the marketing look like prior to opening and how will that change once you are up and running?

Have the Right Tools:

Efficiency, accuracy, safety and waste are all things that will impact revenue. Labour costs and food waste will account for much of your overhead. Finding the right tools will create positive customer experiences and, in turn, increase your profits. NCCO International’s products are designed with this exact purpose in mind, so whether you are using our Date Code Genie, DateIt Food Safety Labels, or WaitRpads, you can expect a quality solution.

Topics: Industry Resources