BUFFET RESTAURANT BUSINESS PLAN SAMPLE TEMPLATE
If you are looking to start your own buffet restaurant, here are some helpful tips on how to go abut it.
A buffet is a great idea if you’re having a lot of guests over for a meal. This type of meal allows the guests to line up and choose which foods they would like to eat, as they move from one end of the serving station to the other.
Some kind of people like this kind of service as it makes them feel wealthy. While others don’t eat in any restaurant except a buffet restaurant and will go any length to patronize any good one.
Start a buffet restaurant will give you the opportunity to serve these class of people and make good money in return.
In starting one, you should consider these steps;
Here is a sample business plan for starting a buffet cafe.
If you are very familiar with my blog post, you will notice that I don’t play about writing a business plan for any of your desired business as it is the backbone behind the success of any business.
As a startup buffet restaurant owner, writing a quality business plan is one of the first tasks you need to address. The good news is; you can minimize the time it would have taken you to write a business plan by buying a business plan software.
A reliable software solution will increase the accuracy and consistency of your business plan, dramatically improving its value to your buffet restaurant.
Target a Particular Niche
A targeted buffet restaurant makes more money and better customers. Target a niche, or type of food you will serve, for your buffet restaurant, such as pizza, home style or comfort food, vegan cuisine, or a soup and salad bar.
Build your menu around your chosen niche and be known for it. This will make you stand out among other buffet restaurant around your city.
It is very costly to startup a buffet restaurant because of so many expenses like getting licenses from your state health department, obtaining business permit you will need to operate your business, buying or renting a building from your buffet restaurant, paying staff for the first six month of operation, and many others.
You are expected to know what it will cost so you can decide if you are to finance it or you will need to go get a loan from the bank or borrow from family members and friends.
Spy your Competitors
Before you open a buffet restaurant in your town, it’s a smart move to see how many competitors you have and how they are winning in the business. if they are open for a conversation which is not likely to come unless they don’t know your intention.
Be sure you fully understand the competitive landscape and where your new business will fit in.
Get a Suitable Location
The success of your buffet restaurant to a large extent depends on your location. Your buffet restaurant should be sited in an environment that is conductive for your target customers.
They should be a parking space as you should know that people that patronize buffet restaurant are rich people and must come in with rides.
The amount of space you will need depends on how many patrons you wish for your restaurant to hold at once. Ensure there will be enough room for customers and staff to navigate the buffet lines and be seated comfortably.
Buying the Necessary Items
Purchase wholesale supplies, such as napkins, utensils and serving ware, as opposed to paying retail. To get a wholesale discount, you will likely be required to buy in bulk, but you will still save money in the long run.
Look around to find quality items you will need for your buffet restaurant like furniture that offers discount. Doing so can save you considerably more money than paying full retail for your furnishings.
Hire Competent Hands
Hire experience chefs who can cook a variety of American cuisine, Spanish style or Mexican style menu, Japanese food and maybe a few picked specialty dishes. Different tastes attract a lot of buffet clients.
Hire enough staff including servers for the buffet lines, hosts and hostesses and chefs. Ensure they are familiar with your menu and restaurant layout, which is key to efficiently serving restaurant patrons.
Promote your Buffet Restaurant
Promote your buffet restaurant. Place ads on the websites of your local news stations, buy radio advertisement spots.
You can use social media to promote your buffet restaurant and also spread handbills on the street and offices.
Send news releases to media outlets in your city and consider offering discounts to groups, such as families with young children, veterans and active duty military members.