The restaurant business is quite a competitive and challenging industry. It is an industry that demands careful planning before embarking on setting up the business. Restaurants thrive on demand from customers…
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The business should get to meet its financial targets and be aware of its financial position. The business should aspire to meet its social responsibility by running profitably, ethically and in accordance to the legislations and regulations (LLC 2010, p. 67). Goals The restaurants goals shall get tied to its mission and vision statements. The goals should be SMART; specific, measurable, realistic, achievable, and timely (Hatten 2011, p.88). The restaurant’s goals shall allow the business to plan and understand its point of success. The goals shall not become fixed as they will get updated with time as the business proceeds. The restaurant team should aim to achieve the business goals and assist to ensure they are met for the eventual success of the business (LLC 2010, p. 77). The restaurant’s goals shall be to provide impeccable and irresistible service by showing graciousness, warmth, efficiency, knowledge, integrity and professionalism. The restaurant also aims to improve the quality of life of the local community around the Waterloo station and beyond by conducting donations and fundraisers (Walker 2007, p. 75). Location The Waterloo station serves as a superb location for a restaurant business. The completion of the construction of a retail balcony at the station for retail and catering outlets, the station provides a fantastic location opportunity for a restaurant business (Walker 2007, p.116). The station provides a great strength for the potential business due to its strategic positioning, which serves a large number of passengers. For the restaurant to become successful, it will require a customer base, and this will be partly covered by its location at Waterloo (LLC 2010, p. 97). At Waterloo station, the restaurant will get located...
Its location on the first floor of the station also ensures that it is easily visible and accessible to potential customers
The business other strength will lie in its pricing. The restaurant plans on offering prices for its services that are slightly lower to its competitors present at the station (Patti 2004, p.44).
The other strength lies in the fact that the restaurant shall focus on Italian cuisine. This cuisine is popular and caters for a variety of meals that will attract a wide customer base.
Since the establishment will get located at the first floor, there is a slight chance that customers might shun it. Some customers want a quiet place to have their meals and this cannot be promised at the first floor where the movement is relatively high to the second floor.
The business opportunity lies on the completion of the construction of the retail balcony at the Waterloo station. This makes the restaurant among the first establishments to grasp the retail spaces offered.
The other opportunity lies in the restaurant’s menu. The restaurant’s plans on offering diabetic, vegan, and low fat diets makes it standout with the few restaurants offering such services at the station
The restaurant faces stiff competition from older restaurant establishments at the station. Some establishments have already developed a devoted customer base, and it will be difficult to lure such customers away
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Nando’s Opening Restaurant in Hong Kong - Business Plan. Nando's is an off-the-cuff dining restaurant clutch initiating from South Africa with a Mozambican/Portuguese ambience. Created in 1987, Nando's functions in thirty countries through 950 branches on five continents. Nando's specifies in chicken foodstuff with one or the other lemon and herb, medium, hot or extra hot ‘Peri-Peri marinades’(accurately famous as Galinha a Africana).
A Business Plan for La Italia Ristorante Italian RestaurantTABLE OF CONTENTS I. EXECUTIVE SUMMARY 3 II. THE BUSINESS AND MANAGEMENT 4 A. HISTORY AND OVERVIEW OFBUSINESS TO DATE 4 B. CURRENT MISSION 5 C. OBJECTIVES AND ACTIONS NEEDED 5 D. THE TEAM 6 E. PRODUCTS AND SERVICES 6 F.
According to the research findings AfroCare Restaurant will basically be a sole proprietorship company with limited liability. As such, the manger will reserve exclusive authority of the operations of the business while taking into account the possibility of outsourced expertise in Food and Beverage Management in line with common practice in the modern world.
Products as well as the restaurant shall be designed and implemented taking into consideration the target market which is predominantly Western, without losing the oriental touch and feel. A start up company, Mr. Choi is owned by partners who have strong desire to offer a food product without alienating the target market.
However, the difference with our company is that we shall offer a wider variety of items that are adaptable to customer demands. Besides, we shall borrow many good practices from different restaurants; including offering customers quick serving so they can save time, packing them foods so they can eat it away from our stores, and many others practices from renowned companies such as Starbucks, McDonalds and Subway.
The company offers a unique combination of Asian and European, hot& cold food and beverages, in a convenient and time-efficient way, to our customers.
With a new concept of the BM modern baguette factory production line is visible to public that will offer its customers an opportunity to observe " the Art of Baking " through the guard-glasses and witness what and how BM manufactures superior quality productions, to ensure consumer awareness and loyalty.
Berkeley Thai Restaurant as the premier eatery in our local area while maintaining our uncompromising principles during our intial growth period. With a focus on quality foods and enhanced customer service, Mr. Berkeley will utilize the following guiding ethics in our
Attempts are made to use Porter’s five forces of success to describe how the restaurants will be run. Some other applicable management theories that will help in day-to-day running of the restaurant are also highlighted in this