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Free Franchise Restaurant Business Plan
If you are starting a Franchise Restaurant business then it is practical for you to write down a Franchise Restaurant business plan. If you need capital for your business this will help you with it and even if you are lucky to have sufficient funds to start-up your own business then a business plan will help you in your business strategy. This will boost the chances of your business being a triumph, which cannot be a bad thing.
Your plan ought to consist of the following...
Franchise Restaurant Executive Summary
Your Franchise Restaurant executive summary ought to be written at the end (even though it must occur at the top of your plan) once you have done all the ground work in preparation of your business plan - it is after all intended to be a summing up of your business. This is the page that will grab the awareness of the reader and make them be familiar with what your Franchise Restaurant business is concerning. By and large it should give the person who reads it 3 years highlights of your business or longer if you carry out a more long term business plan - i.e. when the financier(s) are to be expected to start seeing some revenue on their investment. The Franchise Restaurant executive summary should state the chief protagonists who are available to help manage the business and generate the profits for the investors and if any new management will be required in the process. Click here for more free advice on how to write your executive summary.
Franchise Restaurant Objectives
As the executive summary typically includes the breakdown of the first 3 years - your objectives should also be set out for your first 3 years of operation - this may be a handful or may well be a great deal more complete - it is entirely down to you, nevertheless having unrealistic goals to achieve for your Franchise Restaurant business in an unrealistic timeframe will put possible investors off rather than them being impressed at your arrogant objectives.Read more about business objectives.
Franchise Restaurant Mission
A number of people see objectives and mission as the same thing but they are not - objectives are there for you to meet your mission. The final mission of any business should be to get bought out! If you can build your Franchise Restaurant business up to sell it at the same time as retaining some shares then you will have done well. To arrive at your definitive mission you will almost certainly require a quantity of smaller missions - these may well be to attain a certain revenue, to attain a certain amount of clients, to sell a certain amount of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You ought to tell people how and why your Franchise Restaurant business is going to be a success - if you cannot think of something to record here then you are relying on a lot of luck. Even if your solution is purely that you are going to put more effort in than the next guy - then at least that is something...but you will need to back it up with some proof in particular if you are looking for funding in your Franchise Restaurant business.
Company Summary
Here you should put in writing a basic configuration of your business over the next 3 years unless you have a long term plan.
Company Ownership
Simply record who is going to own the Franchise Restaurant business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's reasonably common for somebody to be in possession of part of a business but hold no say in how that company is run. You need to declare if the business is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Franchise Restaurant business going to be trading from and why are you going to be trading from this spot - you may perhaps not be capable of giving pinpoint address at this early stage but you ought to narrow it down as much as you can, as obviously this will have a profound effect on your business. It is frequently effortless to get premises for any Franchise Restaurant business especially in this climate with so many businesses going out of business, but getting the decent business premises for the right money is a different prospect entirely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Franchise Restaurant Business.
Before you can plug any services or products you ought to record accurately all of the equipment you are going to need and if you are going to require any investment in order to pay for all of these things. You may well need to adapt your start-up summary depending on your monetary situation - so you might desire specific Franchise Restaurant equipment however not be capable of purchasing it until you have sold a few units of service / product.
Franchise Restaurant Start-Up Costs
This is a uncomplicated inventory of stuff you need to buy and stuff you can bring into the company if you already be in possession of them before your Franchise Restaurant business can start operating. If you don't have adequate money you should also incorporate who is going to grant this capital to get your Franchise Restaurant business going.
Visit this page for more typical start up costs.
Franchise Restaurant Investment
If you don't have enough cash you should bring in the total investment you are going to require and what's more involve the breakdown of the parties that are going to finance the investment. Take account of the equity being given away to fund this or loan agreements in order to finance the arrangement. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Franchise Restaurant Business.
Franchise Restaurant Business Plan Page 2
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