Feasibility Study
&
Restaurant Business Plan

DO YOU NEED A FEASIBILITY STUDY?

Did you know that 60% of restaurants don’t make it through their first year of business and nearly 80% close before they make it to 5 years? Chances are, these restaurant owners did not conduct a thorough feasibility study before opening and could have saved thousands of hours of hard work and even more money by simply hiring a restaurant consultant to take a look at their business plan and the existing market, trends, and customer base and see if their restaurant concept has a good chance of succeeding. Using tools developed to run successful restaurants in the past, like the business model spreadsheet below, our restaurant consultants can model the sales, costs, and profit trajectories of your restaurant concept BEFORE you invest hundreds of thousands of dollars into building or renovating a physical kitchen and restaurants space. If your business model doesn’t succeed on paper, there is very little chance that it will succeed in the real world. Check out this blog article from online hospitality academy Typsy.com about why it’s important to conduct a feasibility study before trying to open a restaurant or small food business.
Did you know that 60% of restaurants don’t make it through their first year of business and nearly 80% close before they make it to 5 years? Chances are, these restaurant owners did not conduct a thorough feasibility study before opening and could have saved thousands of hours of hard work and even more money by simply hiring a restaurant consultant to take a look at their business plan and the existing market, trends, and customer base and see if their restaurant concept has a good chance of succeeding. Using tools developed to run successful restaurants in the past, like the business model spreadsheet below, our restaurant consultants can model the sales, costs, and profit trajectories of your restaurant concept BEFORE you invest hundreds of thousands of dollars into building or renovating a physical kitchen and restaurants space. If your business model doesn’t succeed on paper, there is very little chance that it will succeed in the real world. Check out this blog article from online hospitality academy Typsy.com about why it’s important to conduct a feasibility study before trying to open a restaurant or small food business.
CONDUCT A FEASBILITY STUDY

DO YOU NEED A FEASIBILITY STUDY?

Did you know that 60% of restaurants don’t make it through their first year of business and nearly 80% close before they make it to 5 years? Chances are, these restaurant owners did not conduct a thorough feasibility study before opening and could have saved thousands of hours of hard work and even more money by simply hiring a restaurant consultant to take a look at their business plan and the existing market, trends, and customer base and see if their restaurant concept has a good chance of succeeding. Using tools developed to run successful restaurants in the past, like the business model spreadsheet below, our restaurant consultants can model the sales, costs, and profit trajectories of your restaurant concept BEFORE you invest hundreds of thousands of dollars into building or renovating a physical kitchen and restaurants space. If your business model doesn’t succeed on paper, there is very little chance that it will succeed in the real world. Check out this blog article from online hospitality academy Typsy.com about why it’s important to conduct a feasibility study before trying to open a restaurant or small food business.
Did you know that 60% of restaurants don’t make it through their first year of business and nearly 80% close before they make it to 5 years? Chances are, these restaurant owners did not conduct a thorough feasibility study before opening and could have saved thousands of hours of hard work and even more money by simply hiring a restaurant consultant to take a look at their business plan and the existing market, trends, and customer base and see if their restaurant concept has a good chance of succeeding. Using tools developed to run successful restaurants in the past, like the business model spreadsheet below, our restaurant consultants can model the sales, costs, and profit trajectories of your restaurant concept BEFORE you invest hundreds of thousands of dollars into building or renovating a physical kitchen and restaurants space. If your business model doesn’t succeed on paper, there is very little chance that it will succeed in the real world. Check out this blog article from online hospitality academy Typsy.com about why it’s important to conduct a feasibility study before trying to open a restaurant or small food business.
CONDUCT A FEASBILITY STUDY
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In addition to simply crunching the numbers to see if the restaurant you want to open has a chance of succeeding, our restaurant consultants can help your business compare different staffing strategies and pay rates/benefits in order to find out what would work best for your situation. We’ve found that offering competitive salaries and hourly wages (not just minimum wage) pays for itself in the long run with better employee productivity, morale and retention. It costs over $6000 in training, ingredients and labor costs to train a new employee and many restaurant owners only think about their weekly labor costs and not long term costs like re-training, hiring and firing of poorly performing workers. With restaurant profit margins as razor thin as they are, a couple of percentage points saved here and there on labor, food cost or paper goods could make the difference between a profitable restaurant and closing the doors forever.
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In addition to simply crunching the numbers to see if the restaurant you want to open has a chance of succeeding, our restaurant consultants can help your business compare different staffing strategies and pay rates/benefits in order to find out what would work best for your situation. We’ve found that offering competitive salaries and hourly wages (not just minimum wage) pays for itself in the long run with better employee productivity, morale and retention. It costs over $6000 in training, ingredients and labor costs to train a new employee and many restaurant owners only think about their weekly labor costs and not long term costs like re-training, hiring and firing of poorly performing workers. With restaurant profit margins as razor thin as they are, a couple of percentage points saved here and there on labor, food cost or paper goods could make the difference between a profitable restaurant and closing the doors forever.

RESTAURANT BUSINESS PLAN

Once/if you’ve determined that your business model is effective and opening in your preferred location is feasible, it’s time to write your restaurant's business plan. Open table offers a great crash course and guides on How To Write a Restaurant Business Plan which is a written document that lays out your business's steps and procedures and how exactly you plan on making money. It will cover the basics such as location, hours of operation, and menu but also make you think hard about what sort of growth you expect from your business and what your long-term goals are. Most restaurant owners don’t think much further than getting the doors open and what that first day of service will look like, but if you’re not planning for the future, your restaurant doesn’t have much hope of flourishing into a profitable and sustainable business.

In addition to a written business plan, our restaurant consultants can also help you prepare pitch materials, like the one-page pitch featured below. Pitches like these are used to attract potential investors or apply for capital from a bank or lending institution. This pitch is for a hypothetical pizza restaurant called Pie in the Sky. A pitch like this shows what problems your business is trying to solve, how it intends to solve them, what your market is, what the competition looks like, and what sort of financing you need to achieve it all. If you feel like building something like this on your own, we recommend using Liveplan.com which is a great online resource for thinking about your business and what its specific needs are. If you need a little help, Uncommon Fruit LLC can help you conduct a feasibility study and write a business plan, and pitch for as little as $500.

RESTAURANT BUSINESS PLAN

Once/if you’ve determined that your business model is effective and opening in your preferred location is feasible, it’s time to write your restaurant's business plan. Open table offers a great crash course and guides on How To Write a Restaurant Business Plan which is a written document that lays out your business's steps and procedures and how exactly you plan on making money. It will cover the basics such as location, hours of operation, and menu but also make you think hard about what sort of growth you expect from your business and what your long-term goals are. Most restaurant owners don’t think much further than getting the doors open and what that first day of service will look like, but if you’re not planning for the future, your restaurant doesn’t have much hope of flourishing into a profitable and sustainable business.

In addition to a written business plan, our restaurant consultants can also help you prepare pitch materials, like the one-page pitch featured below. Pitches like these are used to attract potential investors or apply for capital from a bank or lending institution. This pitch is for a hypothetical pizza restaurant called Pie in the Sky. A pitch like this shows what problems your business is trying to solve, how it intends to solve them, what your market is, what the competition looks like, and what sort of financing you need to achieve it all. If you feel like building something like this on your own, we recommend using Liveplan.com which is a great online resource for thinking about your business and what its specific needs are. If you need a little help, Uncommon Fruit LLC can help you conduct a feasibility study and write a business plan, and pitch for as little as $500.

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How We Can Help..

Restaurant Business Plan Writing

Restaurant Feasibility Studies

Investor Pitch Material

Restaurant Business Plan Writing

Restaurant Feasibility Studies

Investor Pitch Material

As you can see, conduction a feasibility study for your restaurant in the early stages of planning can not only lead to success but also prevent hundreds of thousands of dollars of wasteful spending on real estate purchases, renovations, and equipment and the headache of running a restaurant into the ground. Contact our restaurant consultants today and see how Uncommon Fruit can help.
LET'S GET STARTED!