Prepare a Feasibility Report for Starting a Restaurant Essay
Prepare a Feasibility report for starting a Restaurant.
A restaurant is a place that’s offers well prepared food at a certain price that suits to the customers.
Before starting a new business many corporation or institute write and make a business plan. In this way we have to make a business plan for starting a restaurant.
A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals.
This business plan includes the following things.
• How much money we need to get started ?
• The overall goal of the business.
• Expected growth in numbers for next five years.
• Equipment needs.
• Staffing …show more content…
For our restaurant there is needed to hire proper staff like one manger, menu men who taken a menu form the customers weightier, cook and sweeper. The manager should be qualified and experienced. And all the staff should be experienced. So we have to find out from where this staffs are available ? and is there any need to give training to the stff or not ? It is more important.
(3) Economic Analysis :
The entrepreneur should have done the economic analysis which considered the various costs and benefits. The costs includes the salary, set up cost, running cost, monetary cost, etc. which incurred for start a restaurant. And this analysis help to the solving the unemployment problem by giving work and also help to the environment.
(4) Financial Analysis :
Without finance we can’t start a restaurant so first of all we make a budget that where to spend money and form where we can get the more revenue. Raising of funds includes the long-term and short-term sources of finance by which we can arrange the money for starting our restaurant. It also includes that how many cost and expenses we also check that how many amount to be needed in advertisement.
(5) Technical Analysis :
We have to also done a technical analysis like, 1) Material inputs : From where we should get a vegetables, spices, paneer, cheese etc….. either from the town or out of the town.