The next few slides should talk about your competitors and the strengths of the founding team. The process of taking an idea that's been percolating in your head for a while to an actual, sustainable business isn't easy. It is our vision that Nudlez will expand predominantly through franchising domestically and then to appropriate international markets. So, if you aim to build a fast-food restaurant in New York, then you need to talk about the market share of existing players, how that's changed over time, and their current pricing. Raw product has been sourced from selected Seattle suppliers. Construction is of the highest quality kitchen-grade stainless steel. The network is supported by an integrated total quality management system ensuring consistency, which will be leveraged in the marketing strategy. Use this example retail bike shop business plan as a helpful resource when writing a business plan of your own. It will diversify through catering and product placement in supermarkets. Scribd will begin operating the SlideShare business on December 1, 2020 Entrepreneurs continue to derive extraordinary profits from ‘health-conscious’ ventures, for example ‘Jamba Juice’ (Jamba Juice is a fruit-based snack e.g. Nudlez negates boundaries of culture, age and preference, through a daily mission to satiate appetites. Each city will have company owned NVU’s, shops, a central kitchen premises and support kitchens (hubs). How to Write a Restaurant Business Plan? Conceptualizing a well-crafted plan is an excellent idea, especially when you consider that 60 percent of restaurants fail in their first year. 60 percent of restaurants fail in their first year. Low restriction to NVU operating hours means there can be diversity of venues and access to a very diverse target customer group, Capitalize on diversity of venues and consumer groups to promote and market expansion through event catering and franchise ownership, International expansion to Europe, which has a strong culture for street food vending and pre-prepared meals. The idea that desirable food could be prepared in a quick fashion appeals to a sizeable portion of the market; those in tourism, people engaged in a commercial capacity, busy homemakers and students. The operator simply removes from the fridge, and combines with noodles and sauce in the wok. The profile will then extend through catering to the customer who is looking for a relatively low cost, value-adding product to support private or corporate events. You can change your ad preferences anytime. Nudlez provides this, with the added bonus of serving the meal quickly. Share. The introductory part of your plan will outline clearly the mission statement you see for your restaurant. Help truck drivers burn the midnight oil with your new trucking technology. Institutions such as university campuses will also be targeted as potential franchisees. This will reduce once the ‘Nudle-Rac’ and associated IT systems are in place. Bill graduated his MBA with High Distinction in 20XX. Nudlez, a Washington Corporation, is in the fast-food service industry. GET EDITABLE TEMPLATE . Looking to start a new business in your area? Nudlez will initially target central business district (CBD) lunchtime crowds, where high-income earning but time-poor individuals are most greatly concentrated. As a writer, you can easily start your own business writing service if you look at the right options. A unique system for NVU and store restocking, the Nudle-Rac is currently under design. Best Pasta – The Best Pasta Restaurant In Davie, Florida, No public clipboards found for this slide. What are your key goals and objectives within a specific timeframe? Valued in 20XX at $105 billion, the domestic market for “fast” food is large and segmented, with Asian style foods representing 1 of the top 3 choices in Seattle at 35% of the market. These few examples are indicative of a large and growing collection of “time poor” individuals placing increasing value on every spare moment of their day. Shopping malls, university campuses, weekend markets, and local business areas will then be targeted. Nudlez, a Washington Corporation, is in the fast-food service industry. While living there he ate almost exclusively as the locals did, from street vendor food outlets. If you're reading this, it's likely that you're interested in operating and managing your own eatery. Nudlez will change that. Some things to consider are the costs of interior designing, furniture, cutlery, and hiring staff. Use this Living Will sample as an example of a living will for your estate. If you continue browsing the site, you agree to the use of cookies on this website. The purpose of this business plan is to raise $1,500,000 from an investor, in the form of a convertible and redeemable note, providing a 32% compound annual return. Produce music, entertainment and performances with your own company. 5 hubs and 5 sites will initially be established in Seattle, following that expansion into Vancouver/Portland and Spokane will begin. It is delivered on-site each day by a custom designed mini-van and simply wheeled into position. NVU production will be outsourced to a manufacturer in Seattle and has been estimated at $12,500 per NVU. In this part of your strategy, you need to envision how much seed financing your venture will require. In the latter part, strive to identify potential gaps in the market which you can meet. © Copyright 2020 Khera Communications, Inc. All Rights Reserved. The meals cater for variety and are delivered fresh faster than other noodle-based products. Includes market analysis, strategy, more. This can be minimized through diversifying brand through catering, franchising and a supermarket product line. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. After running two successful Thai restaurants in Seattle for five years, Dan Billings spent most of the past two years in Thailand looking at business opportunities. Nudlez is currently equally owned by Mr. Dan Billings and Mr. Bill Cook. His Nudlez concept takes the product to the street! All ordering, stocking and quality controls will be managed on an in-house computer based system enabling usage patterns to be monitored maintaining ordering efficiency and minimizing wastage. Now you're getting to the part that discusses your proposed vision in minute detail. At the end of the day it is simply wheeled back into the mini-van and returned to base for cleaning and waste removal. Nudlez will build brand recognition through its Noodle Vending Units being placed strategically throughout large cities’ business districts. Ensuring the speed of the NVU operation is the Nudle-Rac. At night the noodle stand benefits from its own internal lighting. Plainly speaking, a business plan represents the vision of your proposed company. Nudlez is designed to make the most of the public’s increasing nutritional conscience. The secret to Nudlez’ fast delivery to the customer from moment of order is the blanching and preparation process of the raw product at the central kitchen premises and hub sites. Starting a Fast Food Restaurant – Sample Business Plan Template. Today the contemporary food outlet must maintain its appeal within an increasingly health-conscious market. The bulk of his experience in these eight years centered on strategic management of start-up ventures.