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A Business Plan ON Opening New Restaurant: Submitted BY
A Business Plan ON Opening New Restaurant: Submitted BY
A Business Plan ON Opening New Restaurant: Submitted BY
BUSINESS PLAN
ON
OPENING NEW RESTAURANT
Submitted for the partial fulfillment of the requirement for the award
Of
MASTER OF BUSINESS ADMINISTRATION
(2009-2011)
Submitted BY:
MADANGOPAL SHARMA(200)
DEEPAK SHARMA (046)
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Anmol Restaurant
Introduction of Entrepreneur
We are two partners to start a business. We both have a degree in Master in Business
Administration also having good corporate exposure. Both of us want to go for our own business
from the very first day of the MBA, just because to earn more money. We belong to business
family so we have a path to start a business.
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Anmol Restaurant
EXECUTIVE SUMMARY
The concept for city heart revolves around several key words: Quality of food, lounge, and
innovation, Value, Freshness and Service.
This new restaurant will give the opportunity to offer residents, visitors and businesspeople a
unique and welcome alternative in casual dining.
Anticipated sales during the first year of operation are projected 20% increases during the
following two years.
One of the primary goals of this new restaurant is to provide Value to the customer. Menu
pricing will be set based on the objective to have an average dinner check be 15.00 and an
average lunch check to be 75.00.
Objectives-:
Anmol’s Restaurant objectives for the first three years of operation include:
Growing one unit per year for the first three years of operation.
Keeping food cost under 35% of revenue.
Keeping employee labor cost between 16-18% of revenue.
Averaging sales in each location between 30-35lack per year.
Maintaining tight controls on costs and operations by hiring a managing partner/proprietor for
each location and utilizing automated computer/Internet control.
Mission
Anmol’s will strive to be the premier restaurant in the local marketplace. We want our
guests to have the total experience when visiting Anmol’s. Not only will our guests
receive a great meal, they will also be provided with a fun atmosphere. We will be doing
unique things. We will want the dining experience to be as pleasing to the senses as it is
to the palate.
Our main focus will be serving quality food at a great value. We will feature a large
selection of freshly-prepared food, most in full view of our guests. We will feature 100
items daily that are full of flavor and zest at an unbelievable price!
Customer satisfaction is paramount. When approached by a customer with a request, our
motto will be, "Yes is the answer; what is the question?" We will strive for broad appeal.
We want to be the restaurant of choice for everyone: families and singles, young and old,
male or female.
Employee welfare will be equally important to our success. All will be treated fairly with
the utmost respect. We want our employees to feel a part of the success of Anmol’s .
Happy employees make happy guests.
We will combine menu variety, atmosphere, ambiance, and friendly staff to create a sense
of "place" in order to reach our goal of over-all value in the dining/entertainment
experience.
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Anmol Restaurant
The keys to the success of Anmol's are:
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Anmol Restaurant
PROBLEM IDENTIFICATION
All industries have problems, however, the main difference between a successful
business and an unsuccessful one is how well the business owners can cops with the
problems and crises that will arise (because they will, make no mistake about it).
To put things in perspective, we have to realize that problem solving and troubleshooting are
staples of the small business owner’s mindset. Although you can’t predict when something
wrong will happen, there are steps that we can take to mitigate the stress ‐ and cope with the
situation.
First, let’s try to catalog the problems. Basically, they boil down to three categories:
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Anmol Restaurant
These are some categories of professionals and phone numbers that could start compiling in
handy list. This list is limited (we’ll have specific needs to cover depending of what kind of
restaurant and appliances have), but we’ll get the idea:
Dish Washer
Refrigerator
Stoves
Ovens
Coffee Machines
Fryers and other kitchen appliances
Electrician
Heating and Air Conditioning Maintenance and Repair
Locksmith
Taxi Service
Linen Service
Food Providers
Drinks Providers
Landlord
Handyman (for minor repairs)
Grease disposal
Linen Company
Phone equipment
Fax
Computer
Point of Sale or terminal
Software support
Landlord
Handyman (for minor repairs)
Grease disposal
Linen Company
Phone equipment
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Anmol Restaurant
Fax
Computer
Point of Sale or terminal
Software support
3. Personal Problems
These are the most difficult to deal with, since emotions always run high when problems
involve our own personal issues. We are all human beings with families, relationships,
etc. so personal problems are unavoidable.
Restaurants are stressful environments because we have to deal with so many variables:
providers, staff, clients, services, financial issues, bookkeeping, insurance, marketing,
sales, food, drinks, etc.
IDEA
There is a market segment that prefers to eat this type of cooking at home although they do not
have the time to cook. There are already caterers and even mail order companies that provide
individuals and families with up to a month's supply of pre-prepared meals.
This opportunity will be researched and developed on a trial basis. If successful, it could become
a major new source of income without creating the need for additional staff or production space.
OPPORTUNITY
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Anmol Restaurant
Mahalakshmi Palace
Bercozz
OM Restaurant
But in the surrounding 2 – 3 kms of area, from the region chosen, there is no availability
even of any restaurant.
Om Restaurant a very popular and good restaurant, once upon a time has suffered a lot due
to the inconsistency in terms of product and service quality.
Due to Way wait lost quality people are looking forward for that quality to come back into
the market.
People want a place where they can get everything “from fun to rest.”
This highway meets to the way of FARIDABAD
Location of restaurant at clean and pleasant environment
Out of the city
Reaching easly
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Anmol Restaurant
Market size, segmentation and competitive landscape
Since we are planning for target firstly metro city and northern India. So market will be growing
frequently and we are also sell our products in other nation through exporting.
Market segmentation
Marketing is an integral part of today’s business. Whether you have an established business or
going to launch a new business, you must have to have an aggressive and also effective
marketing strategy. Remember your business rival always breathing on your shoulder. Marketing
plan should be made as on target market. It will save your valuable money and time and help you
to reach your destination smoothly.
PRODUCT PROFILE
(1)Restaurant
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Anmol Restaurant
BUSSINESS MODEL
CUSTOMER SEGMENT
VALUE PROPOSITION
MEMBERSHIP CARDS
ENTERTAINMENT PROGRAMS
Food Festival.
Musical and cultural nights.
Exhibition of arts of different states.
Fix rate of dish and Buffet.
Open area
Fire lighting
Festival party
Coprate parties
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Anmol Restaurant
QUALITY
FACILITY
PAYMENT MODE
CASH
CREDIT CARD
MASTER CARD
EMI ( Large Party )
RESERVATION POLICY
Online booking table for Lunch and Dinner
CHANNELS
Marketing Programs/channels
Word Of Mouth/In-Store Marketing
Table tents.
Wall posters.
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Anmol Restaurant
V.I.P. party.
In-store tour given to every new customer.
Grand Opening celebration.
Yearly birthday parties.
Local Media
Direct mail piece - containing interior pictures of our restaurant, our prices, "Theme
Nights," and an explanation of our concept.
Radio campaign - complete with live remotes on our parking lot. We will pick the three
top local stations with which to place our short and catchy ads. We will also sponsor radio
call-in contests with free meal coupons toAnmo’s the prize. We will trade our
complementary dinner coupons for free radio time. We will also make "live on the air"
presentations of our food products to the disk jockeys, hoping to get the reactions broadcast
to the listening audience.
Newspaper campaign - placing several large ads throughout the
Most of the restaurant is really heavily on local guest, so advertising placed in city
Town and neighborhood newspapers.
Broadcast media
We will use local electronic media for advertisements like local TV channels, Radio
Channel like FM 98.5
Holdings
Holdings are useful for crating a brand loyalty and increase the customer
perception.
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Anmol Restaurant
CUSTOMER RELATIONSHIP
Discount
MEMBERSHIP CARDS
Membership cards for regular/ special customers.
Regular customers will be included in the membership card scheme.
Under this scheme the special benefits that customer can get 15 % discount in Restaurant
Gifts
FACILITY
QUALITY
To offer a best quality food to the customer
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Anmol Restaurant
KEY RESOURCES
I will take a loan for (60 %of final cost@12%) business from HDFC bank for our business and
rest of capital will arrange our myself.
Employee
Employees are our internal resources .who is working for us on the basis of salary. They are
participate in growth of the business. Any business can not run without human resources.
Human beings are also useful satisfy the customer.
Building
Location of restaurant is very important.
It should be located in heart of the city.
Licensing
License is required for running successful business.
So that we have following licence :-
Registration of firms
Money lending licence.
Labour licence
Labour insurance
Resturent insurance
Suppliers :-
Raw material supliers.
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Anmol Restaurant
KEY ACTIVITIES
Finance
Furniture
Employe
Training
Transportation
Security System
Electronic Equipments
Rent / Purchase of Land
Miscellaneous expenditures
Hire Advisors
Money Landing Money
Bank
Decoration items
Equipment in restaurant and banguet hall
Telephone connection
KEY PARTNER
Madan
Deepak sharma
BANK
RAW MATERIAL SUPPLIERS
TRANSPORTER
Book keeping service
Crocry
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Anmol Restaurant
ARHETECHURER
Revenue stream
Customer in restaurant
Outside catering
Food coupons sale
Home delivery
Events
Marriage party
Birthday party
Family party
VIP parties
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Anmol Restaurant
Competition Analysis Chart
Potential Own Competition Competition
Benefits restaurant A B
Location
Parking
Food Quality
Food Services
Price
Beverage
Quality
Beverage svc.
Rest Room
Décor
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Anmol Restaurant
Exterior
EQUIPMENTS IN RESTAURANT
COST STRUCTURE
ELECTRONIC EQUIPMENT
BULBS 13 40 520
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Anmol Restaurant
REFRIGERATOR 2 1900 3800
KITCHEN DEPARTMENT
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Anmol Restaurant
TOTAL SALARY OF ALL DEPARTMENT
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Anmol Restaurant