Sample Catering Business Plan King Lear Essays Characters
Thus, you could tailor your menu to suit these preferences, especially if other catering businesses do not cater to them adequately.
You will not simply copy what other catering businesses do―but learning what other businesses do and don’t do will let you fit your business into a competitive sector of the market.
Be very specific and realistic when deriving these figures.
Then, calculate how much revenue you believe you can generate, and assemble all of this financial information into tables showing your projected costs and revenue each month for one year.
Before you know exactly what services you will offer, you have to research your customers to know exactly what they want to buy.
This will require you to research local catering businesses to understand what products and services they offer, their prices, and how they market themselves.
As a critical part of the plan, you must outline the finances required in running the business.
Business plans are commonly used when seeking financing from banks and other lending institutions.
Next, you will describe the catering market you want to fit into and specifically describe how your services will be competitive in it.
Elaborate on how you will offer specific services, such as corporate catering, for example, and how they will stand out from other catering services.
Contact local commercial real estate agents to inquire about available industrial kitchen space or contact local restaurants to ask if they rent out kitchen space during off-hours, which are usually late at night or early in the morning.
Working from home typically provides limited space to work unless you have a large kitchen, so keep this in mind when determining the amount of space needed to work comfortably.