Three Ways to Sharpen Your Restaurant Business Plan

Here you stand at the crossroad of a new start-up or expansion of your restaurant, and the challenge of raising capital lies comes down to one thing: a solid business plan.

After all, no funding means no restaurant.

But the good news is that whether you are currently undertaking a business plan (or will in the near future), here are three easy ways to sharpen your plan and increase your chances of securing investment.

1) Quantify, Quantify, QuantifyMost business plans are filled with general statements like, “The restaurant has seen steady growth since its opening three years ago.” This is fine and shows your growth, however a better way to write this statement is to quantify it:

Annual restaurant sales have increased 42 percent over the past three years.

With just a quick trip to your calculator you now communicate that you know your numbers, which adds a heightened level of trust to your reader. But don’t stop just at revenues - go through your plan and include numbers…