BUSINESS PLAN

Business Plan - African Restaurant

Business Plan - African Restaurant

Business Plan

A business plan is a working document that sets objectives and strategies of a company with the basic requirements, projects and operations for a specific time frame includes all.

Form of Ownership of the Business

The form of the ownership undertaken by the business would be that of sole proprietorship. The business will be run by one individual who would be the sole owner of the entire business.

Starting a new Business

Starting a new business rather than buying into a new business is a better option because of the fact that starting a new business from scratch allows the owner to mould his business as per his strategies. On the other hand, buying into a new business and then shaping it as per the person's idea is a difficult task.



Business Idea

The business idea is ensuring the enrichment of our customer's lives by offering them delicious, healthy, best quality of food and creating an enjoyable and relaxing environment for customers. Moreover, introducing and fostering a love of delicious and healthy cuisine in the area.

The service will be relaxed, very friendly and correct. We will hire the best people available, training, motivating and encourage them, and thereby retaining the friendliest most efficient staff possible. Our management team is comprised of individuals whose backgrounds consist of 50 years experience in food, restaurant and hotel, catering, management, finance, marketing, art and motion pictures.

Catering will be a major part of the business. "Leave it to Linda Catering" already has an established clientele and we are growing each and every day. We feel in today's hectic work schedule customers don't always have time to set up that birthday party or other event that we all need and want. Now customers can leave it to pros and get the finest, most memorable party or dinner ever. We have years of experience in the catering business and know what an important client wants and needs. We will have a large International menu for customers to select from, and we will offer full catering service providing everything from table settings to the dessert. We anticipate our total sales allocation to be 85% restaurant sales and 15% catering sales. The combined cost of sales will be 33% producing a gross profit of 67% on total sales.

Most important to us is our financial success and we believe this will be achieved by offering high-quality service and excellent food with an interesting twist. We have created financial projections based on our experience and knowledge of the area. With a start-up expenditure of £385,000 we can generate £1,085,465 in sales by the end of year two, and produce good net profits by the end of year three.

We are seeking an SBA 7(A) loan guaranty for £200,000 with a 7% interest rate. We are investing £60,000 of our own capital and seeking to raise an additional £125,000 from investors. Our preferred instrument will be five year subordinated notes with an attractive coupon rate of 12% for the first two years and 15% ...