Sample business proposal restaurantThe preparation of a vending machine business plan is one of the most important firststeps for your new venture. A business plan will be crucial in guiding your business in asuccessful direction. A business plan sets out what has to happen in order for you to reachyour goals, outlines how you will do it and sets out alternative plans in the case thatthings change further down the line.It may be necessary to have a plan written in a formal, professional style if your aim is touse it to convince bankers or investors to support your idea and you may need to seekhelp with this. But even if you dont have anything to prove to anyone your vendingbusiness plan will help to confirm the viability of your idea in your own mind.Keep a copy of your plan on your PC as well as in files or in a binder in case ofemergency. Dont forget about your business plan once you have opened your doors forbusiness. Refer to it regularly to make sure that you are on track to meet targets and dontbe afraid to make changes to where necessary.Every entrepreneur or business consultant will have different ideas about how a businessplan should be structured. Below we offer a sample vending machine business plan whichis a basic outline with sections that you may consider including.Cover and Contents PageStart of with a cover page with a heading to let people know what the report is about,who the author is and when it was written. This should be followed immediately by atable of contents so that readers can easily find their way around the report.Executive SummarySummarize the other sections of your business plan. Present some detailed informationon the opportunities that you see in the market and summarize what it is that you intendto do with your business to capitalize on these opportunities. Try to entice readers intoreading the whole report.BackgroundOffer the reader some background information on yourself and your reasons for starting avending business. Provide details of any relevant experience or competitive advantagesthat you have.You can also include a vending industry background showing national industry data aswell as information about the local industry that you plan on entering.
Mission StatementA mission statement is usually a phrase or a couple of short sentences that summariseswhat your business is all about, what it does and how well it does it. It is a good way toremember the basic goals or philosophy of your company. A good mission statementcould mention something about the standard of your products and service or how youstrive to be better than your competitors.Goals and ObjectivesState the goals that you wish to achieve in the short and medium terms. Goals couldinclude placing a certain number a vending machines or reaching a certain income levelper machine.Startup RequirementsSet out a list of vending machine business startup costs and calculate the total amount ofcapital that will be needed for the company to get started. Report on some of the fundingoptions that are available to the owners.In this section of the report you can also mention some of the other things that musthappen in order for the business to commence trading legally and professionally. Mentionthe processes and the fees involved with applying for licenses, permits and otherpaperwork under the laws of the region where the business will be operating.Ownership and Management StructureNote who the founders of the company are and note the particular ownership interest thateach has in the business. For those who will be active in the management of the businessit is important to outline what role they will play and their responsibilities.Will the business be registered as a sole proprietorship, a partnership or a corporation?Business OperationsThis section of a business plan should outline the details of how you plan on running yourvending business. Include information on where your business will be based,administration, any plans that you have to hire employees and how your business will runon a day to day basis.Include details on your vending machines, maintenance, products, distributors, routeplanning and how you will record and manage sales data.Try to come up with solid reasons why are choosing a certain vending machine, productline or system. Wherever possible include some supporting evidence from research thatyou have done.
Market AnalysisUsing data from your market research you can report on the current state of your targetmarket and identify opportunities. Here you can include demographic data as well asinformation that you have gathered from surveys and other investigations.Marketing PlanOutline a strategy for creating a brand that will meet market needs. Based on the marketopportunities that you see, set out a strategy for meeting these needs in terms of locations,vending machines, the product lines that you will stock and your pricing.Provide details on how you plan on getting new locations, arranging appointments withdecision makers and selling your services to them. Your marketing could mostly be doneby approaching decision makers directly or you could rely on advertising to generatesome enquiries.Also outline your plan for marketing directly to your customers or end users. These couldinclude promotions on the machine front or how you or your staff will build relationshipswith customers when you visit the premises.You should also mention how you plan on maintaining vending accounts and customersatisfaction in the long term.Competitive AnalysisProvide information on the competition in your target area and examine their strengthsand weaknesses. Look at ways of delivering products and service that are distinctlydifferent from what competitors are offering. Get ideas from them about what is workingwell and what isnt. Look for a competitive edge.Dont forget to also mention indirect competitors such as convenience stores, in housecafeterias or food vans.Financial PlanningUse a spreadsheet program to set out forecasts of cash flows in and out of your vendingbusiness over a hypothetical two year time period. If you have done your research youshould be able to anticipate monthly income and expenses going forward. You will thusbe able to determine future levels of profitability and a break even point.Run a variety of different scenarios that consider a conservative growth rate, an expectedgrowth rate and an optimistic growth rate. Things dont always happen like you expect soit is important that you plan for a variety of scenarios.Appendix
Lastly, you should attach an appendix to the report that includes any reference letters,documents, charts, diagrams or supporting material that have been referred to in thecontents of your business plan.There are many sample vending machine business plans and templates available onlinefor free if you look around.http://restaurantebooks.info – You can download free ebooks about: restaurantmanagement forms, restaurant business plan, restaurant marketing plan sample,restaurant startup guide…