Business Plan in Bachelors Restaurant essay

In most of the families who duels in the city area he husband also wife are engaged with service. They get a very little or negligible time to cook food in home. And the demand of first food is increasing highly. In accordance with the similarity we have decided to set up a restaurant named “Bachelors Restaurant”. It’s the institution where we are providing guarantee Of healthy & balanced diet, nutrition food as well as in cheap rate. Step One: Making the Commitment Bachelor restaurant fast-casual restaurant, serving fast, fresh, healthy grilled meats and vegetables.

The first store will be located in Dacha.. The restaurant will be located at 16/2 Bally road in Dacha. The founder and president of bachelor’s restaurant is Mr.. Aimed Karakul. Mission Bachelors Restaurant is a great place to eat, combining an intriguing atmosphere with excellent, interesting food that is also very good for the people who eat there. We want fair profit for the Owners, and a rewarding place to work for the employees. Objectives 1. Sales of $KICK the first year, more than half a million the second. 2. Personnel costs less than $KICK the first year, less than $KICK the second year. . Profitable in year јo, better than 7. 5% profits on sales by year three. Step Two: Analyzing oneself Bachelors Restaurant is a single-unit, medium-sized restaurant. We focus on organic and creative food. The restaurant will be located in a Bally Road. Most important to us is our financial success, but we believe this will be achieved by offering high-quality service and extremely clean, non-greasy food with interesting twists. 2. 1 Company Ownership The restaurant will start out as a simple sole proprietorship, owned by its founders. 2. 2 Start-up Summary The founders of the company are Mr..

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Aimed Karakul. And his companion Aimed AH Facial. Focuses on the financial issues and Aimed Karakul on the response issues. Aimed AH Facial earned her business major undergraduate degree from the University of Berkeley. We have found the location and secured the lease for $2,000 per month. We will be able to set up shop in time to begin turning back a profit by the end of month eleven and be profitable in the second year. The place is already equipped as a restaurant so we plan to come up with a total of $40,000 in capital, plus a $100,000 SUB-guaranteed loan, to start up the company.

Start Up Requirement: Start Up Funding: Start-up Expenses to Fund $3,000 Start-up Assets to Fund $138,000 Total Funding Required 141,000 Assets Nan-cash Assets from Start-up $50,000 Cash Requirements from Start-up $88,000 Additional Cash Raised $0 Cash Balance on Starting Date Total Assets Liabilities and Capital Liabilities Current Borrowing Long-term Liabilities $1 o,oho Accounts Payable (Outstanding Bills) $1 ,oho Other Current Liabilities (interest-free) Total Liabilities $101,000 Capital Planned Investment Investor 1 $25,000 Investor 2 $1 5,000 Additional Investment Requirement Total Planned Investment $40,000 Loss at Start-up (Start-up Expenses) ($3,000) Total Capital $37,000 Total Capital and Liabilities Total Funding Particulars Amount ($) Start-up Expenses gal Stationery etc.

Other Total Start-up Expenses Start-up Assets Cash Required Other Current Assets $1,000 Long-term Assets Total Requirements Step Three: Choosing a product or Services 3. 1 Services Bachelors Restaurant offers a trendy, fun place to have great food in a social environment. Chef Raffia Buddha has a large reputation of ethnic ingredients and recipes. Bachelors Restaurant forecasts that the majority of purchases will be from the chefs recommendations. Ethnic recipes will be used to provide the customers with a diverse, unusual menu. Chef Raffia Buddha will also be emphasizing healthy dishes, recognizing the trend within the restaurant industry for the demand for healthy cuisine. 3. 2 The Menu The menu is going to be extremely simple but changing every day.

We will keep a small group of constants on the menu and then feature a chef’s recommendation that we plan to have 85% of meals ordering. This will help us to reduce waste and plan ingredients and purchasing. 3. 3 Organic ingredients The organic ingredient element will allow us to price to the extremely wealthy Internet entrepreneurs who are looking to spend an exorbitant amount of none to have peace of mind that their money is still coming back to themselves. We will be extremely ecologically conscious as well, and spread this across our literature. Eating at Bachelors Restaurant will feel like having contributed to the Unmans Muffle and drinking fresh squeezed orange juice. 3. Ethnic Ingredients and Recipes Our chef will have great latitude in designing and producing menu offerings from many different world cultures. We will endeavor to procure all the traditional, authentic ingredients necessary to hold true to these varied and interesting cultural recipes. 3. 5 Interior Accoutrements People need to keep life interesting, and our artwork will reflect the world influences that are core to the attitude of the Bachelor’s Restaurant chef. 3. 6 Product Step Four: Market Research Analysis Because of the founders’ connections within the very trendy area Of Bangladesh, we have an excellent feel for the area and its core group of customers.

They will all share something alike, which is a feeling of being in the “in crowd” and having “gotten it” in life. Although the crew will be different and not connect with each other in each segment, each segment is complementary to the others. We do plan to raise menu rates as the assistant gets more and more crowded, and to make sure we are charging a premium for the feeling of being in the “in crowd. ” 4. 1 Market Segmentation 4. 1. 1 The Lonely Rich Most of the lonely rich are tech workers these days, and most of those tech workers are Internet workers. Their life has become their website servers and code they write, and the people who help them to make the decisions in that world.

They hang out with each other, but desperately want to get away from it and use the money they are racking up. Because this wealth has come fairly easily for them, it is particularly easy to separate them from their money gain – they spend the most on drinks, appetizer and tips.