Business plan for startup restaurant loan

Download Restaurant Business Plan Template A professional, well-conceived restaurant business plan is absolutely essential for an independent restaurant venture to obtain funding and have any real chance for success. Several of our members who have recently opened their own restaurants, tell us unequivocally, that having a first-class business plan was the single most important ingredient in making their new business a reality. Our exclusive templates and resources give you a quick and easy way to prepare a winning business plan without spending hundred of hours researching, organizing and crafting every word yourself.

Business plan for startup restaurant loan

Quality, innovation, Value, Freshness and Service.

business plan for startup restaurant loan

Kelly House Inn will be a superior, fullservice restaurant, located in the heart of downtown Kimble, serving lunch and dinner, and featuring responsible alcohol service.

This new restaurant will give downtown Kimble the opportunity to offer residents, visitors and businesspeople a unique and welcome alternative in casual dining.

The need for such a quality establishment is well documented in a recent extensive study commissioned by the Downtown Kimble Area Economic Enhancement Strategy Task Force. The "Kingston-Howard Downtown Kimble Economic Enhancement Strategy " report projects population growth as well as retail sales growth, along with a demand for additional downtown office space and downtown housing.

Such growth will increase demand for other services and products. The study makes at least 50 references to the need for additional restaurants in downtown Kimble, with emphasis on excellent food, outdoor seating and dining alternatives variety. In addition, when residents were asked by Kingston-Howard what specific types of businesses would attract them to downtown more often, more restaurants and food establishments were at the top of their list.

There is little competition in the same category as Kelly House Inn. Most existing establishmentsthat serve alcohol are pubtype places.

The Inn would further distinguish itself with a menu of food items that are innovative, topquality, fresh and "housemade.

Kelly House Inn would draw on the strengths and capitalize on the excellent reputation of The Coffee Grinder, yet have its own personality, featuring unique selections of hot and grilled foods.

Vincent and Anna Freemont are active members of this community and experienced restaurateurs. Vincent Freemont has a 20 year history of extensive restaurant management in privately owned and corporate chain restaurants. He has a B. Anna Freemont is a registered dietitian and worked for Bellevue Corporation in the food service management division.

This is based on the history of sales increases at The Coffee Grinder Cafe. One of the primary goals of this new restaurant is to provide Value to the customer.

Emphasis will be placed on friendly service that will not only meet, but exceed guests' expectations. And while excellence is hard to define, oftentimes others will define it for you.

An excellent track record at the awardwinning The Coffee Grinder Cafe will help sell this new venture, as will value combined with imagination. PURPOSE This plan is designed to establish the feasibility of a successful outcome for this new restaurant business venture, and to provide all necessary information and supporting materials to: Set business strategies based on experience and existing research data Obtain adequate financing This document will demonstrate the need for a restaurant of this caliber in downtown Kimble and its chances for success.

It will serve as a road map that will set the course for further planning and for the implementation process.The business plan templates and resources were created by Jim Laube, a practicing CPA for 25 years, and Joe Erickson, a former restaurant owner and operator.

The authors have been involved in hundreds of restaurant business plan . A well-conceived, professional restaurant business plan is your greatest single asset for turning your restaurant dreams into reality. It's the key to convincing anyone to invest money, make a loan, lease space or do business with you prior to opening.

Where to Find Startup Business Loans - NerdWallet

The following items highlight some changes in the tax law for Determining deductible or capitalized costs.

Final regulations for tax years beginning on or after January 1, , provide guidelines for determining whether certain costs are deductible or capitalized, and . Business overview – Brief outline of your restaurant and why you need a loan Depending on the amount of funding you need, the type of restaurant you wish to open, and your current funding ability, you can decide which loan is fit for your business.

Creating a restaurant business plan forces you to learn about all the different parts of restauranting, as well as your local competition and the local, a business plan is essential for most new businesses seeking any kind of financing.

We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business.

Restaurant Funding: All About Restaurant Startup Loans