Hi, need to submit a 1750 words essay on the topic Management Business Plan of Bar Restaurant.
The sales forecast is for about $200,000 for year two, which is estimated for year three to $290,000. Net profit is expected tobe negativein the first year and then become %in years two andthree.
1.1 Keys to Success
Boschetto has identified several business factors that must be implemented in order to succeed in this competitive market.
1. Design effective Logistics procedures. This is especially important for a bar restaurant where, without logistics there will be problems in demand and supply and in addition, employ theft could cause the business a lot of damage.
2. Offer exceptional customer service.
3. Improve continuously the business model.
It is Boschetto’s mission to become a premier meeting spot for London professionals who are interested in high quality light cuisine and wine. Boschetto will accomplish this by offering abundant Italian finger food and wine, at reasonable prices. By providing the London market with the opportunity to gather and have an exciting meeting point will become a London favorite. The business strong belief is that a successful business is based on satisfied customers.
To become one of the premier meeting points in London that offers Italian finger food and wine.
To grow thetrend of drinking wine and enjoy light food with it in contrast to beer and sandwiches.
Become profitable by year two.
Market Analysis Summary
Boschetto’s target customers are working people age 30-45 yrs old. Upper middle and middle class and Dinkies of the same characteristics. Both groups are interested in light Italian food
Both groups are interested in having a regular meeting point which will look rather exclusive and posh but they have some differences therefore they need to be reached differently.