How Do You Create A Restaurant Business Plan?
The food and hospitality industry is one of the most competitive industries in business. There were an estimated 900,000 restaurants and other food-service operators in the United States in 2010. With so many restaurant and fast-food options, the restaurant competition is endless, even for the simplest restaurants. Identifying a strategy to beat the competition, as well as developing strong price points and an attractive marketing strategy, are keys to success in this industry. The restaurant business plan helps to organize this information to provide you with a written path to your restaurant’s success. Begin your business plan by providing a general description of your business. Include the name of your restaurant, along with your restaurant’s mailing address and contact information if you have settled on a location. Provide the legal description of your business, such as sole proprietorship, partnership or limited liability company. List the names of each owner, his contact informat
