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Restaurant Startup & Growth
There no denying it, opening a new restaurant whether it’s your first or fortieth entails risk, usually lots of it. It’s estimated that of the half million or so restaurants in the U.S. around 10 to 15 percent are forced to close each year. Most of these failures are restaurants that have been open fewer than 3 years. It takes lots of planning, capital, hard work, perseverance, and a little luck doesn’t hurt either, to launch a new restaurant that hits the mark and becomes a financial success. There are many factors that can increase a new restaurant’s chances for success in the areas of planning, location, market analysis, concept, menu, financial feasibility, staffing, operating systems and more. We are focused on bring content in a variety of formats to these areas with the objective of providing you with resources that will enhance your ability to better plan the opening process, evaluate the financial feasibility, make more informed decisions and go into the development process with tools to stay organized and on track with your plan. The Startup & Growth section is our newest addition to the Toolkit. Please give us your thoughts and ideas of what other materials would be useful in this area and how we can make it better.
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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. Our business plan templates will provide you with the tools to develop & communicate your plan in a professional, compelling format that will enhance your chances of securing capital and making your plan a reality. . . .
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DOWNLOAD: Restaurant Startup Checklist
Opening a restaurant means dealing with a myriad of details and activities. Missing a critical step or activity can mean delays, cost overruns or worse. Use this 300+ point checklist from 12 months out to opening day to better plan and manage the process. . . .
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DOWNLOAD: Pizza Restaurant Business Plan Financial Model
This series of Excel worksheets specifically designed for pizza delivery & take-out restaurants will give you a complete and detailed tool to quickly consider the essential elements that impact the financial feasibility of a proposed restaurant and present it in your business plan in a straightforward, understandable and impactful format. . . .
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10 Common Restaurant Startup Mistakes (and how to avoid them)
In any new business venture good decision-making is vital. Opening a new restaurant requires so many decisions that it's not hard to make some bloopers along the way. The key is not totally missing the mark on the really important issues that can make or break your chances for success. Here are 10 of the most common & potentially fatal missteps new owners make and what you can do to avoid making them. . . .
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DOWNLOAD: Restaurant Business Plan Financial Models
To the majority of potential lenders and investors, the financial section will be the most important part of your business plan. Even if the other sections of your plan are impeccable, the financials will still make or break your presentation. Use this series of Excel worksheets to prepare a comprehensive, professional and convincing financial section for your business plan. . . .
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DOWNLOAD: Restaurant Startup & Feasibility Model (Tableservice version)
Whether you're planning to open your first restaurant or add another location, analyzing the financial feasibility of the project is essential. These series of linked spreadsheets have been refined over several years on a wide variety and number of actual restaurant ventures and formal restaurant business plans. . . .
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How to Create a Winning Restaurant Business Plan
by Joe Erickson
Many of RO.com members site that having a sound business plan was the single most important ingredient in making their new business a reality. During the startup phase, your business plan will have a direct bearing on your ability to get a loan, obtain investors and even secure a lease. Learn how to prepare an impactful restaurant business plan. . . .
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Are You Cut Out for the Restaurant Business?
by Jim Laube and Gary S. Worden
To the uninitiated, operating a restaurant can seem deceptively simple. Couple that with the fact that anyone with enough capital can open a restaurant and you've got the potential for restaurant dreams to quickly turn into financial nightmares. Two industry veterans offer a frank discussion on the risks, rewards, frustrations and challenges most independent operators face. Required reading for anyone serious about opening a restaurant. . . .
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What to Consider BEFORE Going From One to Two Restaurants
by Jay Goldstein
Now that you have one successful restaurant you may be contemplating #2. Before you jump in with both feet, there are several key principals required for successful growth. Learn what you need to consider, how to be sure you're ready, and who can help you . . .
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DOWNLOAD: New Restaurant Opening Manual
While every new restaurant opening has it's unique requirements, this 50 page manual can be a useful guide to anticipate, organize and plan the primary activities that every new restaurant must execute well to have a successful opening. Includes weekly checklists, forms, schedules for procuring products, services, marketing activities, employee hiring, training & more. . . .
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DOWNLOAD: Non-Binding Letter of Intent
You think you've found the perfect location so you want to start negotiating a deal with the landlord. Get the negotiations off to a good start by presenting the landlord with a NON-BINDING LETTER of INTENT (Triple Net Lease). It will help document the negotiations & gets the relevant issues on the table. . . .
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