A Sample Catering Business Plan Template
- July 12, 2017
- Posted by: marlenedubois
- Category: CPR Training
Before you start a catering business the idea will be wise to put together a comprehensive business plan. the idea will be important to set out clearly what you trust to achieve in business as well as to set measurable goals. Having a business plan will give you direction as well as keep you on a course for success.
A plan may be essential in order to prove in which your concept will be viable when the idea comes to talking to investors or seeking funding through different sources. However, even if you are independently funded as well as have nothing to prove to anyone a plan will still be useful. the idea will help you to confirm in which your plans are indeed possible as well as the idea will give you a place to compile all the data in which you collect through your research.
Once you start your catering business the idea will be important to continue to refer to your business plan to make sure in which you remain on track to meet your goals. You can also make modifications to the idea if necessary as your business develops.
There are many ways to set out a business plan. Below we offer a sample catering business plan template in which will be divided into twelve sections.
Cover as well as Table of Contents
Wrap the plan in a binder. On the cover you should give the idea a title as well as state clearly who the main contributors are as well as when the idea was prepared.
Then you can include a contents page in which clearly divides the report into sections with page numbers to ensure interested parties can easily find the information in which they are looking for.
in which will be basically an introduction where you can summarise the different sections of the report as well as give a very basic outline of what the proposed business will be about.
Try to sum up what the business will be about in a few short sentences. A mission statement will be similar to a slogan. the idea will be a quick way of letting readers know about the ideals as well as standards in which a company represents. Putting profits aside for a minute, try to think about the purpose of the business. How will be your catering business doing people’s lives better?
Include some information on the catering industry at both the national as well as local levels. Take note of industry trends as well as try to forecast future developments
Include a personal background. There are many not bad reasons to start a catering business as well as you should let readers know why you are drawn to in which industry above all others. Outline your working history as well as attach any relevant reference letters as an appendix to the plan.
Outline any competitive advantages in which you may have. Do you have any catering business qualifications or skills? Have you have experience within the hospitality industry? Do you have existing relationships with suppliers or prospective clients?
Set out some growth targets as well as different goals over the short as well as medium terms. Goals for a catering service could be the number clients, the number of events, total revenue or average profit margins on events. Refer to your business plan regularly as well as push yourself to keep up with the goals in which you set.
Startup Costs as well as Considerations
List out startup costs as well as initial operating costs as well as then calculate the total amount of startup capital in which will be required before you can open your doors to clients.
Make a note of the sources of funding in which are available to you as well as the advantages as well as disadvantages of each option.
Outline all of the different hurdles in which must be overcome before you can start operating as a catering service. Depending on the requirements in your state or country you will have many licenses as well as permits to obtain. You may even have to do a short course to get certified in food management or hygiene. the idea will be important to set out the costs involved as well as a time frame for compliance with these local regulations.
Ownership as well as Management
in which section of your catering business plan should suggest whether you intend to structure your business as a sole proprietorship, a partnership or a limited liability company.
If the business will have multiple owners then you should set out clearly what their respective interests will be as well as the role in which they will play within the management of the business.
Set out a basic management structure outlining who has responsibility for various aspects of the business. in which will be easy within the beginning yet eventually you may have marketing staff, administration staff, kitchen staff as well as servers. Make the idea clear how you plan on delegating tasks, leadership as well as responsibility for decision doing down to your employees.
in which section will be important for including details on how the business will operate on a daily basis. Information in which should be mentioned here includes location, administration, employees as well as equipment.
Set out a plan of attack for catering an event. Outline some of the problems in which you will be facing as well as offer some solutions.
Undertake some market research to get a better idea of the opportunities in which currently exist in your market.
Do a competitive analysis to get a better understanding of your competitors. Once you understand more about them, set out a plan for competing against them by offering something different within the way of menus as well as services.
There are many different catering niche markets. Before you start your marketing efforts the idea will be important to have a not bad idea of your menus as well as the niches in which you are targeting. Try to identify a gap within the market in which will be not being met by different caterers as well as go after the idea.
Once you have a better idea of what you are selling you can then look at how you can sell the idea effectively. Start by packaging your offerings nicely into menus, brochures as well as a website. Then work out a system for pricing catering jobs profitably.
Outline how you plan on getting leads as well as enquiries. You can run advertising, buy leads or try many different marketing strategies.
Lastly, you need to have a sales strategy. Tell readers how you plan on selling your catering products as well as services in a way in which you make the most of the limited number of enquiries in which you receive.
Perhaps one of the most important parts of any business plan will be the financial plan. You need to make some forecasts of revenue as well as expenditure over a period of several years. You can then estimate when you will reach a break even point as well as how much profit will be possible within the future.
Set out anticipated monthly cash flows in a spreadsheet program on your computer. As businesses often don’t grow as fast as their owners expect them to you should outline several scenarios. One scenario can show your expected outcome, one can show a more optimistic forecast as well as the third one can show a worst case scenario.
Attach an appendix to your report with your resume as well as photos of menu items. Also include anything else in which will be relevant or in which you have referred to in your catering business plan.
Having a not bad catering business plan template can help you to write your own as you have a basic design to follow as well as you can make smaller adjustments for your own unique situation.