The Solano Small Business Development Center will host a Restaurant Series Workshop that will cover How To Write A Business Plan For A Restaurant Project. The Solano Small Business Development Center (SBDC) is a nonprofit organization that provides expert no-cost advising, low cost workshops, and small business trainings to guide small businesses to success and accomplishment.
All successful restaurateurs start with a well-developed business plan that will be requested by any Financial Institution, Investor, or Landlord. The first half of the seminar will review the steps and organizational techniques needed to write a compelling plan for a restaurant that includes:
- Executive summary
- Articulating the core concept
- The importance of location
- Sample menus
- History of owners
- Understanding the target customer through demographics
- Presenting a strong marketing plan by defining the business’ positioning and niche through competitive analysis
The instructor will then give an overview on how to put together the financials that accompany the written business plan. This includes the basics on how to project revenue, creating a chart of accounts, balance sheet and cash flow analysis. There will be plenty of time for Q&A.
The workshop will be held at the Fairfield Cordelia Library located at 5050 Business Center Drive in Fairfield. See the schedule below for the workshop date.
- Thursday, November 16, 2017 from 6:00 pm to 8:00 pm.
This is a must-take workshop for any budding restaurateur!