How to write a business plan for a restaurant & How to start and open a restaurant

[@StartGrowYourBusiness]

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[@StartGrowYourBusiness]

Dear friends, thank you for watching. I hope you find this video helpful and insightful :) If you have questions about starting your business, feel welcome to ask right here in the comments. I promise to get back to you! Also, feel welcome to keep in touch with me by subscribing to my KZbin channel.

[@StartGrowYourBusiness]

*How to write a business plan for a restaurant & How to start and open a restaurant* How to write a business plan for a restaurant & How to start and open a restaurant! Take my course on how to write a business plan: www.udemy.com/how-to-write-a-business-plan/?couponCode=y In this tutorial I explain how to write a business plan for a restaurant, and how to start and open a restaurant. For more business planning advice, please check out our mobile apps at www.problemio.com In this tutorial, I explain how to write a business plan for a restaurant. When you write a restaurant business plan, there are a few sections that are particularly important. They are the finances, the product, the target market, and the team. Let me explain each of those business plan sections in detail. It is important that when you plan to open a restaurant, that at least one person on the team has deep experience in opening and managing a restaurant, and they they are successful at it. Whether you will try to raise money for this business from an investor or not, it is important to have experience starting and managing a restaurant because it is a very difficult business to do well. The next important section of a restaurant business plan, and when you open your restaurant is the finances. You need to understand how much money it will take to open the restaurant, and keep it open for the first 12-18 months. And of course, you need to understand how to raise that money. Additionally, when you write the business plan for your restaurant, you have to be very mindful of the location in which you open your restaurant. The people living in the location will be your target customers. Plus you want to be on a street that has lots of foot traffic because your physical location will be a large part of your marketing. Here is a full blog post on how to write a business plan for, and start a restaurant: glowingstart.com/375/ When writing a business plan for a restaurant, it is expected that you, as the founder, bring a wealth of experience and connections into this business. Additionally, the neighborhood and physical location of the restaurant plays a very large role. Another thing to think about when planning a restaurant is the finances. What will be the total costs, and how much revenue can you potentially earn. So a restaurant business plan must emphasize management, financial picture of the business, the location, the type of food, and the demographics of the neighborhood. #restaurant #business #businessplan #businessplanning

[@timstanley6078]

I really enjoyed your video, i am in the process of opening a restaurant. I am writing the business plan now.

[@amaglovicentia767]

kindly send me your business plan on [e-mail]

[@firenicez]

Very helpful. Thank you. My wife and I are going to attempt to start a restaurant which also has a bar and separate rooms that can allow us to hold wedding receptions, birthday parties, business parties, etc... The same building (an old barn) has living space in the upstairs. I'm hoping my plan works because this place has many opportunities. Sorry so wordy I'm pretty excited. I just need to conquer the business plan. Thanks again for the info

[@fenton9408]

How did it go?

[@AbleAbeStudios]

Lots of great info, thanks for sharing ...GO!!!

[@StartGrowYourBusiness]

Thank you, glad you liked it. If you have any further questions that the video may not address, feel welcome to just ask right here in the comments and I'll try to help :)

[@chicoenglishsr.4977]

Very interesting & information is key 🔑 thanks 🙏

[@sarahscarborough946]

first of all let me say great video. I watched the whole thing, took notes, it was very informal. And detailed. Also, I love the apps while you were talking I was thinking about ways to build equity, so I decided maybe a fundraiser with my food and stuff and then at the end of the video you named your apps so i searched it up and i found the problemio fundraising & make money app. Thank you

[@adamcpf]

Appreciate your insight, thank you.

[@kekee1428]

Do you advise starting out with a SBA loan when starting a business? I have a location but no funding as of yet.

[@Zo-hc2fn]

Have you guys noticed that : eating out is very difficult and expensive. in an area, typically, you might find an outlet selling pizza, you might sometimes find a restaurant in which meals are quite expensive, and that's it. Here you barely have : very few foods, and they are expensive You can eat almost nothing, Do you guys see ? This model is very inefficient Eating out is nearly impossible Something is definitely missing it is : a restaurant where food keeps changing, food changes every day Chefs also rotate A meal is going to be cheap You get new foods every day. After a period of time : you will have eaten thousands of foods Do you see the difference now ? This model is way better. Eating out will finally become possible.

[@woodears2424]

I know you say you have to find you target area and research the market, my question is how do you find these things? Just on the Internet? Thanks

[@StartGrowYourBusiness]

Hi Charles, for a restaurant, it starts with the kind of a concept you want for your restaurant. Then you have to find the neighborhood that has the most of that kind of a population who would go for the concept you are trying to aim for. Does that make sense?

[@فنجانقهوة-س5ظ]

Hi , my friend I hope you doing very good my question to you I'm try to get me a franchise and they ask me to work on my business plan I want to ask you how look like to be franchise business plan ?

[@StartGrowYourBusiness]

Hi Omar, a business plan for a franchise looks like a business plan for any other company. The only difference is that much of the information is typically provided by the franchise. Like some of the costs, and how they will help you market the business, and things like that. So the differences are in the details of execution.

[@woodears2424]

Yes, that makes a lot of sense. I'm thinking a Salad shop restaurant, but this won't just be regular salad, all gourmet salads with no drinks for sale, just juices, it will target the healthy eating consumers. Try to find a location near a gym. Do you think it could work?

[@StartGrowYourBusiness]

Oh this sort of place needs to be in a yuppie, new-age kind of hipster neighborhood with many people who eat vegetarian or vegan.

[@DogeUSA]

Man are you drunk