Restaurant Business Plans / Feasibility study/ Project

Restaurant Business Plans / Feasibility study/ Project

Restaurant Business Plans / Feasibility study/ Project is a free article for Restaurant Business starters. As a matter of facts, its a prerequisite business loan, grant or investment guide. In like manner, Restaurant business is a lucrative business to invest in. There is need to engage us to write you a Winning Business Plans / Feasibility study / Project for your Restaurant start up.

Furthermore, this is just a vivid sample of a Business Plans / Feasibility study on Restaurant business. When you place an order for a Business Plans / Feasibility study, Then we will write you a comprehensive one that covers all our content on our business plans and feasibility study.

Restaurant Business Plans / Feasibility study/ Project

 

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Restaurant

 

Simple Sample of CHRIS FARM NIGERIA Restaurant Business Plan

Irresistible Kitchens is a proposed standardized Iya Basira–style fast-food restaurant that will provide Ogudu’s teeming residents and workers with some of the tastiest local delicacies they have tasted in recent times delivered in a classy environment. Irresistible Kitchens will be tentatively located at 35 Ogudu Road, Off Ojota, Lagos.

Company

Irresistible Kitchens will be established as a limited liability company owned by Igbokwe Ifeanyichukwu, Desmond Elliot and Nathaniel Bassey. The restaurant will be managed and overseen by Igbokwe Ifeanyichukwu, a first class chef of over twenty years whose expertise has been procured by top-notch hotels like Sheraton, Hilton, Chelsea, Protea and other hotels, but has now now decided to work for himself.

 

VISION

To grow until we become Lagos’ biggest and largest chain of classic and standardized Iya Basira style restaurants.

 

MISSION

To provide Ogudu and the larger Lagos area with the tastiest and most irresistible local meals they have seen in recent times.

 

OBJECTIVES

Increase revenue from the sales of food to N26,000,000 over a 2-year period.
Similarly, To maintain profit margins at 20-25% through close attention to expenses and cost of foodstuff.
Firstly, To drive awareness and drive sales through referrals and social media campaigns.
Attract both residents and workers alike into becoming loyal customers of the establishment.
To become the premier fast-casual restaurant in every market entered.
In like manner, to open a new store every 12 months.
Likewise, to offer high-quality food and a wonderful experience at reasonable prices.
To achieve net profit in year one, increasing in year two, by containing costs and meeting sales goals.
Lastly, to provide quality sales service and products at fair and best possible prices.

 

KEYS TO SUCCESS

  • Good retail location in a high-density residential/ business area.
  • Hygienic and neat processing facility.
  • Outstanding customer service

Products and Services

Irresistible Kitchens will have on its menu a mouth-watering selection of local delicacies which will include egusi soup, pepper-soup, ewedu, vegetable soup, okro, eba, fufu, semolina, pounded yam, beans, fried rice, jellof rice, coconut rice etc. The aforementioned will be served with a variety of meat offerings ranging from roundabout to pomo to raw beef. Tasty fried chicken, turkey, assorted fish types and recipices will not be left out.
We will also offer point and kill services to customers who may prefer to just come in, relax, watch television and eat our greatly-demanded super-tasty smoked fish offerings.

Irresistible Kitchens will also pride itself in providing classy first-class outdoor catering services that would include cooking and serving meals of all kinds, snacks and deserts and chilled drinks of different types in outdoor events of different kinds.

Market

Nigeria, no doubt, is both Africa’s most populated country and its largest economy but also its most important consumer of food products. The size of the food and beverage industry in Nigeria according to IMF is valued at 800 billion Naira with an estimated 40% growth expected in 2016 alone.
Being the business capital of Nigeria and its second most populous state, Lagos state boasts of over 30 million residents and a food and beverage industry valued at 100 billion. Experts also believe that this market will witness a 45% growth in 2016 alone.

The Ogudu area of Lagos has in recent times begun to capture the interest of greater Lagos residents. This is because this once sleepy and relatively quiet business and residential community has attracted in recent times the interest and investments (in real estate) of Lagos’ many high and mighty. With its over 100,000 population made up of residents, workers and visitors, Ogudu area provides any good classy restaurant worth its onions the right kind of demography on which successful businesses thrive. It is therefore no surprise that Big Bite, Mr Bigg’s, Tantalizers, Margretos and a host of others found a conducive business nest in which to lay their proverbial eggs.

Competition

In the true sense of the word, there is just one competitor, Kunle Kitchens, which has a similar but far lower quality offerings and is located forty blocks away from our proposed location. Others include Big Bite, Mr Bigg’s, Tantalizers and Margretos.
Our competitive edge lies in the irresistible nature of our local meals, served not just like they are served in conventional fast-food restaurants, but served in a manner each plate of food reflects each customers individuality of demand and taste—a classic and thoroughly standardized Iya Basira’s place with all the trappings of a first class restaurant. It is designed to attract bankers and workers for late breakfast and lunch and residents especially for dinner and everything else in-between.

Management Team

Igbokwe Ifeanyichukwu
Ifeanyichukwu is bringing in 20 years’ experience as a chef. He hold a B.A Catering from Obafemi Awolowo University Ile-Ife, having worked as a chef with Sheraton, Hilton, Nicon Hotels and a host of others.

OYEBADE Adejumobi Ademola – is highly knowledgeable in the healthy restaurant business. He has over 7 years’ experience in the industry. Moreover he is a graduate of Agriculture from the prestigious Obafemi Awolowo University, Ile-Ife. He is a Project Management Professional and certified Business Consultant. He will be in-charge of day to day activities of the business.

Mr Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.

We brought to the business

  • Educational skill and practical experience in healthy restaurant business.
  • Capacity to consistently provide high quality, nutritional, and flavorful meats and vegetables all year round.
  • Valuable processing skills that makes us own the value chain to a good extent.
  • Quality processed product and good understanding of the market trend especially as it is affected by seasons.
  • Our staff brings operational, marketing and promotional skills to the business.

Financial Considerations

  • Irresistible Kitchens seeks N5 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital.
  • Funding for the launch of the business will be provided primarily by equity from the partners and investors.
  • Our market survey and research shows that Irresistible Kitchens holds the promise of reaching positive cash flow in its 7th month of operation.
  • The advantage of this, is the provision it makes for accelerated repayment of its loan obligations, as well as for dividends to be paid to the owners.
  • Revenue is expected to amount to N12,984,326 and profit N3,592,736 in our first year of operation.

 

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Engage CHRIS FARM NIGERIA to give you a professional business plans and a feasibility that will suit your demand today.

Chris Farm Nigeria develops well self-explanatory, irresistible feasibility studies or business plan for your Business start ups, Business Growth or Expansions through either personal funds, Grants, or loans, which could be new or existing ones. We delight in writing for people under Academic sectors, production sectors, manufacturing sectors, processing or packing sectors, advertising sectors, marketing sectors and other related sectors on mini, middle and large scale businesses.
For your Agribusiness, either production, processing, marketing of any Agro-industry, our feasibility studies or business plan are explicit.

Generally, our feasibility study and business plans are developed so well that it becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are expected to see when you put the feasibility study or business plans into use. It also shows how much it will cost you to own your desired business. What your money can afford. The kinds of product you will need to minimize input in other to maximize output. And how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. This will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain. When he or she starts doing the business. With that, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.

You can use this format in developing your own business Plans and feasibility Study

OUR TABLE OF CONTENT INCLUDE;

SECTION 1(Business plan section)

  • SECTION I – EXECUTIVE SUMMARY

  • NAME OF BUSINESS / COMPANY

  • OFFICE & SITE LOCATION

  • MOTIVATION

  • MISSION STATEMENT

  • SOCIAL/ECONOMIC VALUE

  • PROJECT STATUS & START UP

  • WHY PREPARE THIS BUSINESS PLAN?

  • SECURITIES FOR THE PROPOSED LOAN

  • REPAYMENT

  • SECTION II – STUDY AREA

  • STUDY AREA

  • COMPANY OVERVIEW

  • MANAGEMENT TEAM

  • DEPARTMENTS IN THE COMPANY

  • EXPERIENCE

  • MANAGEMENT TEAM GAPS

  • SECTION III – INDUSTRY ANALYSIS

  • DEFINING YOUR INDUSTRY

  • YOUR INDUSTRY SIZE GROWTH RATE AND SALES PROJECTIONS

  • INDUSTRY STRUCTURE

  • MARKET OVERVIEW

  • MARKET SEGMENTATION

  • RELEVANT MARKET SIZE

  • KEY SUCCESS FACTORS

  • LONG TERM PROSPECTIVE

  • MARKET CHARACTERISTICS

  • SAMPLING TECHNIQUE

  • SECTION IV – CUSTOMER ANALYSIS

  • TARGET CUSTOMERS

  • CUSTOMER NEEDS

  • MARKET NEEDS / SOCIAL PROBLEMS AND SOLUTIONS

  • BUYERS BEHAVIOUR

  • MARKET SHARE

  • SALES FORECASTING

  • SECTION V – COMPETITIVE ANALYSIS

  • DIRECT COMPETITORS

  • COMPETITIVE ADVANTAGES

  • SECTION VI – MARKETING PLAN

  • PRODUCTS & SERVICES

  • FINISHED PRODUCTS

  • PRODUCT QUALITY AND PRODUCTION QUANTITY

  • PRODUCTION CAPACITY

  • PRICING

  • PROMOTIONS PLAN

  • DISTRIBUTION PLAN

  • SECTION VII – OPERATIONS PLAN

  • GENERAL APPROACH TO PRODUCTION

  • TECHNICAL ANALYSIS / PRODUCTION PROCESS

  • EQUIPMENT

  • PACKAGING REQUIREMENTS

  • SECTION VIII – FINANCIAL PLAN

  • REVENUE MODEL

  • FINANCIAL ANALYSIS

  • FINANCIAL ASSUMPTIONS

  • FINANCE CHARGES

  • FINANCIAL PROJECTIONS

  • FUNDING REQUIREMENTS/USE OF FUNDS

  • CRITICAL ASSUMPTIONS

SECTION 2(Feasibility study section)

  • FINANCIAL MODELS

  • SUMMARY OF PROJECT COST

  • BUDGET OF FIXED ASSETS / CAPITAL EXPENSES / INVESTMENTS

  • DEPRECIATION

  • UTILITIES

  • OPERATING EXPENSES (OPEX)

  • TOTAL REQUIRED INVESTMENT OUTLAY (REQUIRED START-UP CAPITAL)

  • FINANCING PLAN

  • INSTALLED / AVAILABLE EQUIPMENT

  • BREAK-EVEN ANALYSIS

  • LOAN REPAYMENT SCHEDULE AND INTEREST PAID

  • FORECAST OF PROFIT AND LOSS

  • CASH FLOW

  • BALANCE SHEET

  • GENERAL ASSUMPTIONS (BREAK EVEN ANALYSIS)

  • BUSINESS RATIOS – PROFITABILITY ANALYSIS

  • CONCLUSION

  • SECTION 3 – APPENDIX

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  • NOTE; According to our policy, we are not “allowed / permitted” to disclose peoples business or written feasibility study, “to anyone”, irrespective of their personality.
  • BUT, WE are permitted to display only executive summary.
  • This is just a sample of our executive summary on poultry feasibility study and business plan, carried out in Rivers State.
  • 1stsample;

These Feasibility study on poultry farming business (specializing on layers and boilers production). Was conducted using projections, impressive publications, compounding interest/values, tables, graph. Furthermore, bar chart, pie chart, profits analysis and cash flow positions. This is done to give a clear picture of what is obtainable in that location. Using eight plots of land, at Esemdiary village, Off Effurun Sapele Road, Okpe LGA of Delta state, Nigeria as a case study.

Esemdiary village is a community in Okpe Local Government Area of Delta State with coordinates 05°26’N 5°57’E, which also plays the host community to the Warri Airport, which is actually located at Osubi.

Okpe Local Government is a territory that used to be part of the original Okpe Kingdom, its headquarters is at Orerokpe, with a population of 128,398 people whose primary occupations include commercial farming, fishing, hunting, trading and gas exploration.

After carrying out the feasibility study on Esemdiary village, Off Effurun-Sapele Road, Okpe LGA of Delta state, Nigeria, it was discovered that, farming generally will do well both on crop and animal production.

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