A Fast food restaurant business is a place where food, snacks drinks are sold, its one of the most profitable business not just in Nigeria but the world at large. Its not affected by the economic conditions because people will always eat when they are hungry.
This Restaurant Business Plan in Nigeria contains a well detailed feasibility study which will help you to determine how much money you need to open your own restaurant and how to achieve your dream of owning a fast food restaurant in Nigeria.
THIS Restaurant BUSINESS PLAN In NIGERIA HAS BEEN RECENTLY UPDATED AND CAN ALSO BE USED FOR BANK LOANS, GRANTS, PROPOSAL FOR COMPETITIONS ETC
As you already know, food is a major necessity of every man and its a norm that every living being would have three square meal everyday as such providing food to the hungry can be a good business especially if you own a fast food restaurant in Nigeria
Do you want to tap into the ever lucrative restaurant business and own your own fast food restaurant in Nigeria? or Do you enjoy cooking or you want to be in the food business? Then I’m glad to inform you that we have a detailed feasibility study on fast food restaurant business which will help and guide you how you can start and manage a restaurant business in Nigeria
This sample food restaurant business plan is written specifically for African/ Nigerian restaurants precisely.
Apart from going to bars and lounge to hang out, a good percentage of people also love to grab a meal with friends, family or even with a new acquaintance or with whoever they choose to go out with, the most important thing is that they want to eat. To be successful in this business you need to know steps to opening your own restaurant and ways to make your own mark in the food industry. A good adage says, pay a good cook rather than pay the Doctor.
Generally the approach to eating out has evolved and gone are the days when it was just about eating out. Now, people just want to walk into a restaurant and be served a well prepared dish and to top that the food has to be severed in a serene environment with courtesy.
Restaurant Feasibility Study
Food is one of the basic things in life, we all need food to survive but having a restaurant business is more than just serving food, its about serving a well prepared, well served food in a good, comfortable and healthy environment.
Everyone wants to go out to a good restaurant with friends, colleagues, husband, wife etc so having a good restaurant where well prepared meals are being served is the key to retaining your customers.
Nowadays investing in restaurant business is one of the best things to do but one thing you must note is that its a business of service than product, the satisfaction of your customers is your utmost priority and non-negotiable.
Starting a restaurant business has nothing to do with how well you can cook, so if you are thinking of going into this business because of how well you can cook you are already missing the mark, you can run one of the best restaurant business in your town whether you have a little or no experience in cooking all you are required to do is get a good restaurant business plan that will help you plan and prepare for the business.
Before you start a restaurant business you have to bear in mind the kinds of restaurant you want to have, the kind of restaurant relates to the social status of the customers you intend to attract. One important thing to do is to study your location and the environment of your business so as to get the desired result.
Also Read: Bread Bakery
The Key to running a successful fast food business is locking down ordinary costumers to loyal costumer and to do this you have to imbibe good mindset you have to see the restaurant business as a business built on satisfying your costumers in a good and serene environment.
In any business where you have to deal with a handful of person, you have to prepare your mind for all the challenges and demands that each costumer would trow at you because you really want to build a successful fast food/restaurant business owner in Nigeria, this is a hurdle you have to jump in order to be successful.
Gather as much information/knowledge as possible about the food industry.
The saying that Knowledge is power is true, even in business. And having the knowledge is not just enough but the right usage can be of great help. Hence, to be successful in the business, you need to know everything about what you are going into, so as not to be dealt with by surprises
Kinds of Restaurant Business in Nigeria
1. Fast Food Restaurants – This is one of the most popular restaurant business in Nigeria and its very lucrative. We are in the 21st century so every body is looking for a fast way to do things. In a fast food restaurant food like fries, chicken, burgers, chips, drinks etc are served. Customers can eat in, take out or there could also be a delivery service.
2. African/Traditional Restaurants – This is also a popular restaurant in Nigeria where all sorts of local delicacies are served. Nigeria is blessed with different ethnic group and this folks have their local delicacies and this type of restaurant are where you get them.
3. Fine Dinning Restaurants – This are high class restaurants for the top people in the society. In this type of restaurants they have what is called courses like 3 courses meal or 5 courses meal.
4. Casual Dinning Restaurants – This type of restaurants is an organized place where food are served in no particular order. The environment is very peaceful and relaxed.
The cost of starting a restaurant business varies, it depends on the kind and class of restaurant you want to set up. Your location is a huge factor in this business. Below are the things you need to start up a standard restaurant.
Gas cooker, refrigerator, microwave, deep freezer, generator, furniture, cooking utensils, air conditioner, television, POS, automatic cashier system. This is dependent on the kind and class of restaurant you want to have.
To set up and run a successful restaurant business in Nigeria, you would need to plan for it and this is why its advisable to get a well detailed Restaurant business plan in Nigeria to help you. This business plan will serve as a guild in the initial stage and will also continue to control the way you run the business.
Get Our Pro Restaurant business plan for your Fast Food business.
As the saying goes, If you fail to plan then your inevitably planning to fail, therefore to obtain success, in your dream Fast food restaurant business, then you need a practical fast food restaurant plan that you can consult from time to time
Hurry now, get your Restaurant Business Plan in Nigeria . To place an order, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
After paying for your Restaurant Business Plan In Nigeria Feasibility Report, send your email and payment details to 07036785443
Now that you gotten our Restaurant business plan, you have to figure out this there important aspect of your business by yourself and those questions are: great location For Your Fast Food, Getting a chef and having a great concept to market your restaurant.
Note: Like most of the roadside food restaurant, you may not necessarily need to register your restaurant but if you intend to stand out and make your mark in the food and hospitality business then its imperative you need a registered name, a trademarked logo and the best location for your restaurant to thrive.
Select primary location
A restaurant business plan has to contain the prospective location where you will build your business establishment. The location should be void of competitors, and filled with people who usually visit other areas just to eat. The perfect sources of information you can use to find the excellent spot for your business are restaurant review websites and local newspapers.
But you have to understand that the best form of marketing for a restaurant business is word – of – mouth marketing. It is the cheapest and most effective form of marketing but you need to be creative, innovative and customer service oriented to be able to generate and maintain it.
Challenges in restaurant business
Competition – In restaurant business, the competition is very high. Food is one major thing people do not joke with so there are always looking for the best place to have a good meal which is why you must be on your game on improving your restaurant service, the staff, menu and so on.
Aside the fact that you food must be very good to retain customers, the way your restaurant looks and the way its run it’s also a huge factor in staying on top of your competitors.
Management – This is a vital part of the business. The kind of staff you employ will determine how well the customers are served and they are not well behaved, nonchalant and not respectful. This will impact the business. Whether it’s a family member or whoever you choose to employ just make sure they have the skill and are capable to manage the business.
Loss – This happens to all restaurant business but your ability to manage it is what matters. Stale food should not be served at restaurants so you must be careful how you prepare your food to avoid wastage. The first few months should be used to monitor your customers so as to avoid wastage of food.
Customers Complexity – People change from time to time so which this simple fact, you should be ready to adopt to your customers needs. You ability to be flexible will help you retain your customers. Sometimes ask questions. When you do this you get to know what is in the mind of your customers so you can know how well to serve them better.
Cost of setting up a restaurant business
There are different kinds and classes of restaurant and the cost of setting each kind and classes vary. Firstly you must decide the kind of restaurant you want to run and that will determine the cost. One major thing factor is your location. The cost of your location is determined by where it’s located. For a good location you should be ready to pay more. All of this must be taken into account. This is also one ting a good business plan will do for you. We recommend you get a well written and comprehensive business plan that will put in all of this in perspective to you know what to expect as regards the cost of setting up a restaurant business
TABLE OF CONTENT
Products and services
Sales and Marketing Plan
Management and Structure
Financial Plan and Projections
Hurry now, Get Your Fast Food Restaurant Business Plan. To place an order, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Uwadia Eyemeka
Account No – 0127561472
After paying for your Restaurant Business Plan in Nigeria / Feasibility Report, send your email and payment details to 07036785443.
Other Business Plans