VK's Coffee Talk Restaurant Consultation
We will discuss and offer suggestions about your new venture over a cup of coffee. Restaurant Consultants will try to steer you in the right direction as how to proceed with your food service project. Most food service projects that come to us for assistance are not positioned properly from the start. We have restaurant clients that come to us with location
s that are among the best in the city, but they have no idea what their project is going to cost or if that market is appropriate for their concept. We also have clients that have spent significant sums of money and do not have a viable concept or one that can be implemented. Our main goal would be to help you understand the process of opening a restaurant and how to develop a strategy that will meet your expectations. Our initial meeting can take as long as necessary for you to understand the resources needed to obtain your program objectives. Clients at these early stages are often not familiar with the timeline and cost involved and how complicated it can be without experts assisting them in this endeavor. At the end of our meeting, if you decide it would be beneficial to your development to have us on your team, we would prepare a proposal and guide you step by step in how to get to the end game as expeditiously as possible. You would be billed for our time at our normal rates, but we guaranty that our time will be very helpful to the success of your program. Restaurant Concept Development
A challenging and exciting step in food service development is the phase of restaurant concept development. It is a forward-looking process for developing and evaluating new ideas before committing extensive resources. If you are planning a new or first restaurant venture or need to rebrand existing restaurant operations, restaurant concept development gives broad and sometimes ill-defined ideas a chance to be examined by groups of experts in a logical process.
• Brand Essence and Positioning
• Product Development
• Restaurant Menu Engineering
• Restaurant Concept Environment
Business Plan Development and Creation
Developing and getting your restaurant concept laid out in a formal report is usually a necessary component to ensuring project financing, and engaging vendors and future employees. Restaurant business plans often include an executive summary, description and environment analysis, stakeholder’s backgrounds, market analysis, operations and marketing plans, and financial plans.
• Market Analysis
• Production and Operation
• Management Personnel
• Impact of Community
• Financial Statements
• Cash Flow Projections
• Income Statements
• Sales Projections
• Capital Sources and Applications
Cost Analysis
This analysis will cover the projected costs pre-opening, total budget and program cost to starting your own restaurant business.
