Create a business proposal for a restaurant business and evaluate the advantages and disadvantages of this business. Why did you choose this business. Who is your target consumer.
Imagine this is the first month of operating the business write at least 30 resources you will need to operate for first month of business and determine whether they are fixed or variable
Business Proposal:
Business Name: The Tasty Table Restaurant
Overview:
The Tasty Table will be a cozy and inviting restaurant located in a bustling downtown area. We will offer a menu featuring a variety of delicious, freshly prepared dishes using locally sourced ingredients. Our aim is to provide a warm and welcoming atmosphere for diners to enjoy a quality dining experience.
Advantages of The Tasty Table Restaurant:
1. High demand for dining out
2. Potential for repeat customers
3. Unique menu offerings to attract customers
4. Ability to cater to various dietary restrictions
5. Opportunity to build a loyal customer base
Disadvantages of The Tasty Table Restaurant:
1. High competition in the restaurant industry
2. Seasonal fluctuations in customer traffic
3. Operating costs can be high, especially for food inventory
4. Staffing and training expenses
5. Risk of negative reviews impacting business reputation
Target Consumer:
Our target consumer will be young professionals and families looking for a casual dining experience with high-quality food at an affordable price. We will also target food enthusiasts who appreciate locally sourced ingredients and unique menu offerings.
Resources Needed for First Month of Business:
1. Commercial lease (fixed)
2. Kitchen equipment (fixed)
3. Furniture and decor (fixed)
4. Food inventory (variable)
5. Staff salaries (variable)
6. Marketing materials (variable)
7. Point-of-sale system (fixed)
8. Cleaning supplies (variable)
9. Utilities (fixed)
10. Insurance (fixed)
11. Licenses and permits (fixed)
12. Menu design (fixed)
13. Website development (fixed)
14. Social media ads (variable)
15. Uniforms for staff (fixed)
16. Training materials (fixed)
17. Wine and beverage inventory (variable)
18. Initial food order (variable)
19. POS software subscription (variable)
20. Investor capital (fixed)
21. Accounting software (fixed)
22. POS hardware (fixed)
23. Menu printing (fixed)
24. POS paper rolls (variable)
25. Initial advertising campaign (variable)
26. POS system setup fee (fixed)
27. Music licensing fee (fixed)
28. Kitchen safety equipment (fixed)
29. Employee training program (fixed)
30. Uniforms for staff (fixed)
By carefully managing these resources, The Tasty Table Restaurant will be able to successfully launch and operate its business in the first month. The fixed resources will provide a solid foundation for the business, while the variable resources will allow for flexibility in adjusting to changing customer demands and operational needs.