Business Plans & Financial Models for Opening a Restaurant
THIS is where you start!
So you have an idea for a restaurant concept. Whether you’re a hotel seeking a new food and beverage idea to capture more conversions or a first-time restaurant owner scratching that itch, you need to get the ball rolling. This is where Blue Orbit Restaurant Consulting can really help.
The first and most important part of developing any new restaurant concept is to make sure it makes money and to be able to articulate it. It has to work on paper first…and we don’t mean pencil whipping results to trick a bank or investors into giving you money. You need to know that it really works so you know you’re creating a money making machine.
Our restaurant concept development process begins with financial modeling to tell you how much your concept will cost to launch and how it will perform once it’s open. We take the time on the front end to understand your goals and to make sure the business we create will deliver. Once your financial model is done, we can articulate the concept through narratives, market research, competitive analysis, brand filter and operating practices …so your investors and/or stakeholders fully understand your restaurant business idea. Our financial models and business plans take everyone from first-time restaurant owners to seasoned restaurant business operators from idea to open, time and time again. Contact us today to start the profit model and business plan process for your restaurant concept.