Creating A Business Plan For A Restaurant

But that doesn't mean your food-service business has to be an extremely complex operation.

If you're anticipating a family-style steakhouse (based on the name or the décor of the establishment), but you find yourself in a more formal environment with a bewildering--and pricey--gourmet menu, the surprise may keep you from enjoying the restaurant.

When people think of fast-food restaurants, they often think of hamburgers and french fries, but establishments in this category also serve chicken, hot dogs, sandwiches, pizza, seafood and ethnic foods.

Midscale restaurants, as the name implies, occupy the middle ground between quick-service and upscale restaurants.

It's more like a "work hard and make a living" industry.

A hard reality is that many restaurants fail during their first year, frequently due to a lack of planning.

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  1. Summarize each statement in a few easy-to-understand sentences, such as projected financial statements, including income statements, monthly cash flow, balance sheets, and annual cash flow statements in your business plan.