BBQ Restaurant Business Plan

 

Executive Summary

 

In this discussion, we are going to focus on developing a business plan, specifically for a SBA loan, for a barbecue restaurant. BBQ Restaurants are extremely popular within the United States, and as such they are extremely economically viable businesses that are able to generate a substantial amount of revenue on an ongoing basis. As such, with the high margins associated with BBQ restaurants, these businesses of are sought after by SBA loan bankers that comes to providing business loans. As such, with a focus on developing this type of business plan specific for a barbecue restaurant throughout this discussion.

 

As with all business plans, first you need to develop and discuss the business plan with an executive summary. As it relates to BBQ restaurants, you want first went to discuss the cuisine, number of employees that will be hired by the business, and the operations of the BBQ restaurant that you will operate as your business operations. Of course, we are further going to discuss this aspect of the business plan as time progresses.

 

In the BBQ restaurant business plan, you also going to want to include a discussion as it pertains to the SBA loan the you are seeking for the development of your restaurant. This includes a brief overview of the anticipated interest rate, anticipated the loan repayment rate, and the anticipated SBA loan term associated with developing your BBQ restaurant. It should be noted that this section of business plans should be kept relatively short as to further discuss these matters in the second section of the business plan.

 

Also within the executive summary, you should discuss your experience as an entrepreneur, your experience top within the restaurant industry, and how you can develop your BBQ restaurant profitability very quickly during its first year of operation or second year of operation. Next, anyone providing overview as it pertains to the anticipated profit and loss and past statements that are associated with your BBQ restaurant during its first five years of operation. Clearly, within the section of your executive summary, you should showcase how you intend to repay the loan with the anticipated profits of the business plan during its first five years of operation.

 

Finally, within your executive summary, you should discuss how you intend to spend visibility of your BBQ restaurant as well as potentially developing additional locations during the next five years of operation. This should be clearly shown that your cash flow analysis so you can showcase how you can expand their business aggressively during the first five years of operation.

 

SBA Loans for BBQ Restaurants

 

In the second section of your business plan, you show how you intend to use your SBA loan financing as it relates to your BBQ restaurant. This includes discussing how you intend to launch your BBQ restaurant operations, restaurant development location costs, liquor license acquisition costs if there are clickable, marketing Costs, working capital needs, and other expenses that are commonly associated with this business. Additionally, you should focus on how you intend to effectively provide a substantial down payment as it relates to you receiving eight SBA loan for this specific type of business.

 

Commonly within the section of the business plan, you should also focus substantially on investor equity in it is applicable, manage connectivity, appropriate exit strategies, and the composition of your board of directors.

 

As it relates to exit strategies, you should focus substantially on the price to earnings multiple that is associated with BBQ restaurants and related BBQ businesses. Typically, BBQ restaurants sell for a multiple of 3 to 5 years of the previous year's earnings. You should also mention how you intend to hire a qualified business broker or investment bank to handle this transaction on your behalf should you decide to sell the business to a third party.

 

BBQ Restaurant Products and Services

 

In the next section of the business plan, everyone focus substantially on how you intend to operate your BBQ restaurant. This includes a full discussion of the size of the restaurant, the BBQ cuisine that you intend to sell, how many employees will be hired by your business and the procedures and protocols will be implemented within your BBQ restaurant as it relates to the day-to-day operations of the business.

 

It's extremely important that you showcase these aspects of your business to a SBA loan banker so that they have a complete understanding of how you intend to bring this business to profitability very quickly from your experience as a restaurant for.

 

BBQ Restaurant Industry Analysis

 

In the next section the business plan, you're going to want to focus on the BBQ restaurant industry analysis. Foremost, you're going to want to focus on a timely as a whole. The demand for BBQ restaurant products is extremely high as it relates to the sales of these products. This is primarily due to the fact that the pricing point associated with the sale of BBQ restaurant products are extremely low and continue to remain in demand despite an economic recession.

 

The next section of your BBQ industry analysis, you're going to want to focus on the number of BBQ restaurants within the United States, annual revenues generated by BBQ restaurants, the number of individuals employed by BBQ restaurants, market trends, and pending legislation as it relates to the operation of these businesses. At the time of this writing, there are no general market trends or pending pieces of legislation that relate to how BBQ restaurants are impacted by these matters. As such, you should face little issues as it relates to the ongoing operations of your BBQ restaurant.

 

In the next section of your business plan, you're going to want to focus on the demographics that are associated with your BBQ restaurant. As such, you're going to want to focus substantially on you were target demographic analysis, the annual household income within your area, the median family income within your area, the anticipated patrons other BBQ restaurant, and how you intend to market your products to be used individuals. This is extremely important if you are applying for an SBA loan that is specific for a BBQ restaurant.

 

Finally, you don't want to completely focus on the competition that you will face as it relates to operating a BBQ restaurant. This includes providing a substantial analysis of other BBQ restaurants within your area, their pricing point as it relates to the entrées that they serve, and how you intend to differentiate your BBQ restaurant or other restaurants within the area. As with all business plans, especially if you're applying for a SBA loan, it is imperative that you provide an in-depth analysis in regards to this matter so that you can showcase to your SBA loan banker the you are a economically viable candidate for this type of financing.

 

BBQ Restaurant Marketing Plan

 

Finally, and now, this brings us to the BBQ restaurant in the marketing plan marketing plan. Here, you're going to want to discuss how you intend to draw patrons to your BBQ restaurant. As with all business plans, there were acquired by the small business initiation, you need to have a well-developed marketing plan to showcase how you intend to bring customers to your restaurant. Foremost, you're going to want to focus on how you will distribute flyers, coupons, and have your business on the Internet is that people can find your business relatively easily. You should discuss how you intend to take out advertisements in Yellow Pages, distribution wires, and ensure that individuals are able to provide reviews on popular restaurant review websites so that other people can see that you are a legitimate business that serves very good BBQ food.

 

Additionally, you may want to discuss the pricing and gross margins that are associated with your BBQ restaurant to showcase to your SBA loan banker.

 

BBQ Restaurant Financial Plan

 

Finally, we come to the BBQ restaurant financial plan. Here, you're going to want to provide a full analysis relating to the profit and loss statement, cash flow analysis, balance sheet, business ratios, breakeven analysis, and general assumptions that were used when you developed your BBQ restaurant financial plan. It is extremely poor and is well that you showcase the collateral that is associated with launching your BBQ restaurant. Any good SBA loan officer is going to want to see a substantial amount of tangible aspects as it relates to the development of your BBQ restaurant.

 

As always, you're also going to want to show to a third party that you are able to effectively repay your SBA loan on a timely basis. As such, it is important that you develop an amortization table that clearly showcases the anticipated interest rate and anticipated monthly principal repayment rate as it relates to your SBA loan.

 

Home  What is a Business Loan?  Resources  FAQ Contact Us  Business Loan Applications  Terms of Use and Privacy Policy
Copyright 2010. All rights reserved.