Restaurant and bar business plan


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Restaurant and bar business plan

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Restaurant and bar business plan

  1. 1. Restaurant and bar business planIf you have dreamed about opening up your own restaurant or bar, you probably alreadyknow that making that dream come true will involve quite a bit of hard work and longhours, particularly at first. Whether you start from scratch or take over a business fromsomeone else, it pays to be organized and thorough, and to pay attention to the details.Going into the restaurant and / or bar business is hard, but it can be a great way to make aliving. According to the Distilled Spirits Council, which is a national trade association,the distilled spirits industry alone accounts for $100 billion in economic activity in theUnited States, so the business is definitely out there if youre willing to work hard tocapture part of it.Even if you plan to be a more "hands off" owner and have a team of highly competentmanagers run the place for you, you will have to be closely involved in the planning,construction, and pre-opening stages with your new business. There is really no substitutefor doing the research necessary before opening a business, particularly one withextensive regulations like in the food and hospitality industry.Before buying your restaurant supplies, youll want to create a profile of the clientele youimagine serving, including their general age range, professions, income level, andmusical tastes. Knowing your target market makes many of the other decisions youllmake simpler, because you know up front that youre not going to try to be everything toeveryone.With your customer profile, youll be able to develop your inventory. Trade magazinesand publications by the food and hospitality industry will give you terrific data onspending patterns on food and beverage, as well as performance details of many types ofestablishments. Another great source of information can be your wholesale suppliers.They have a very accurate picture of what long-term trends are, what the latest hot idea inthe industry is, and how you can work with the direction the industry is taking.At some point you will have to order your bar supplies, kitchen equipment, and othersupplies and equipment. You will have a lot of decisions to make, such as the type of barstools, tables, and chairs you want, plus supplementary equipment you may want downthe line, such as televisions, a jukebox, or games like darts. Youll want to start out byshopping around and getting a feel for which suppliers really know the industry and whatthe various suppliers terms and prices are like. Once you find an honest, dependablesource of restaurant supplies, youll have set yourself up for success and not headaches.Starting a business thats as interactive as a restaurant or bar is like having a child: itsway more work than you imagined, but when its good, its as good as it gets! There areplenty of things you cant predict about running your restaurant, but if you find a
  2. 2. wholesale supplier for your equipment that you can count on, youll have more time andenergy to devote to those unexpected challenges and rewards that come with being abusiness owner. – You can download free ebooks about: restaurantmanagement forms, restaurant business plan, restaurant marketing plan sample,restaurant startup guide…