Congratulations! You have decided to open your own restaurant. Your next step is to write a business plan. For an entrepreneur opening a restaurant, business plans serve two purposes: first, to gain you a thorough understanding of your type of restaurant and local market conditions, and second, to demonstrate to lenders that you have a viable strategy for your restaurant. Your restaurant business plan will typically fall into one of three categories:
- Quick-serve One of the biggest restaurant trends for 2013 is increased demand for healthy food choices, as consumers look for dining options that match their active lifestyles. Business plans for quick-serve restaurants often involve blending limited service or self-service features with healthy menu options. If you are new to the food service industry, a quick-serve franchise that provides a turnkey business plan may be the ideal opportunity for you.
- Mid-scale If you have a specific culinary style in mind, you may find success with a mid-scale or casual dining establishment. Business plans for these types of restaurants generally involve investigating the demand for your particular cuisine in your desired location. Restaurants in this category often require a larger time commitment and increased funds for design, brand development, and marketing; plan accordingly.
- Upscale Business plans for fine dining/upscale restaurants are the most complicated; if your concept includes a showcase location or celebrity chef, the complexity drastically increases. Upscale restaurants must deliver flawless service and exquisite cuisine to meet diners’ expectation of added value. It may take years of hard work to execute a particularly complex business plan for an upscale dining establishment.
When you are ready to open your restaurant, Pinnacle Hospitality Systems has the best point of sale systems to help your business become a success! Pinnacle has turn-key restaurant software solutions for every type of restaurant, whether you need a quick-serve POS, casual dining POS, or fine dining POS. Pinnacle can integrate your point-of-sale, accounting, and inventory in a single easy to use interface, guiding you through the entire implementation process from system design to installation and training. Pinnacle’s restaurant POS systems put you in control of your hospitality business with Windows based, open architecture software that is simple to maintain, expand, and use for daily operations. Contact Pinnacle today at 1-800-771-7100 to help your restaurant become a success!