FOOD BUSINESS PLAN SAMPLE AND FEASIBILITY STUDY REPORT FORMAT
Are you looking for a food business plan sample because you are about starting a food business?
With the high deficit in food/restaurants to serve a growing urban population, there is great potential for profitability in starting a food /restaurant business. But this business would not just succeed automatically when entered into without any form of planning.
It requires careful planning and organization to enable it succeed. Hence, the development of a viable food business plan would do much in guiding the business to profitability and stability.
It is in the light of this that this food business plan sample has been developed to guide intending investors interested in this sector to on how to carefully write their business plans following the procedures listed in this article. This is how a food business plan sample should look like;
SAMPLE FOOD BUSINESS PLANS:
- Executive Summary
- Market Analysis/Trends
- Target Market
- Competitive Advantage
- Sales and Marketing Strategy
- Pricing Strategy
- Financial Projection
- Payment Options
- Publicity and Advertising Strategy
- Sustainability and Expansion Strategy
Providing quality and hygienic restaurant services to our underserved clients, and communities, Food Haven restaurant LLC provides round the clock restaurant services to its esteemed clients around the Washington DC area, with plans of expanding nationwide. This is based on the understanding that people have different needs and have their varying schedules spread round the clock.
To this end, because the body needs some replenishment of energy after a hectic day’s work, Food Haven restaurant comes to the rescue as it will be providing comprehensive care services to the food needs of the and by extension, the society.
Among the restaurant services to be provided by Food Haven are Mexican dishes, Intercontinental dishes, among other dishes served at our restaurants
Market analysis carried out by Food Haven restaurants have discovered that apart from the desire to eat good food to quench their hunger, there are those clients who’s interest in not to satisfy hunger. In fact, they are not necessarily hungry but are just out to satisfy their curiosity by sampling dishes from other parts of the world. For example, clients who are not Indians might want to have a taste of Indian menu.
This might be because they learnt about it from friends or saw it somewhere such as in a TV program or the internet and want to have a try because they thought it might taste good. Food Haven seeks to provide these services through the hiring of capable hands skilled in a wide array of restaurant services.
OUR TARGET MARKET
Due to the fact that food is one of the basic requirements needed for survival, Food Haven LLC seeks to make these abundantly available in different variants. However Food Haven restaurants LLC has a certain category of people that makes up its target market and these include visiting tourists, neighbouring businesses, families, and corporate bodies among several other category of targeted clientele.
In a market full of innovations and ingenious business ideas, we plan on not being left out of this great business opportunity as we will be providing services that will ensure that we capture a good share of the food/restaurant market.
This we try to achieve through going a step further to make home and office deliveries and also the provision of other outdoor catering services especially at the request of our clients.
SALES AND MARKETING STRATEGY
Food Haven LLC will be adopting flexible marketing methodologies to ensure it stays afloat and catches up with current market innovations in the food industry. Because the industry is constantly changing, coupled with the change in client preferences, we intend adopting a sales and marketing strategy that will capture these areas of choice fluctuations.
Some of the sales and marketing strategies we will be adopting include direct marketing and online marketing to showcase our rich services to potential clients. Also, fliers and banners will be printed, distributed, advertising our services to the general public.
The pricing strategy adopted by Food Haven LLC intends to be pocket and customer friendly.
Although certain aspects of our services such as intercontinental dishes are quite expensive as compared with the daily foods being consumed by most Americans, we at Food Haven intend striking a balance between profitability and client satisfaction. Compared to other restaurants offering similar services, our pricing regime will be among the friendliest.
The financial projection (profits) envisaged by Food Haven LLC within the next three years includes the following brief representations below;
– First Year $150,000
– Second Year $300,000
– Third Year $770,000
Food Haven LLC seeks to provide a wide variety of payment options aimed at creating ease in the payment of bills by our esteemed customers. These include almost all the payment platforms such as through cheques, mobile payments, POS options, and of course payment through cash.
However, we seem to add other payment options as soon as they are available to reduce the stress on our clients, as they are most likely to return if they are satisfied with our services.
PUBLICITY AND ADVERTISING STRATEGY
The advert and publicity strategy to be used by Food Haven LLC includes the deployment of ICT tools such as the internet to make our presence felt. Also, fliers, banners and other advert strategies will be used to showcase our services. In addition, we will be using the local radio in passing across knowledge of our services.
SUSTAINABILITY AND EXPANSION STRATEGY
Food Haven LLC plans to expand from its current location in Washington DC to 50 outlets within this region within the next 6 years. Our long term expansion strategy is to spread our tentacles across the United States with a target of hitting the 200 mark in the number of outlets spread across the United States of America.
This is an example of a food business plan sample, and intends to shed light on what a food business plan should contain.