Business plan for restaurant in philippines in manila

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Business plan for restaurant in philippines in manila

However, offering delicious food is only one of the success factors in starting a restaurant business. You must also learn about the business side of the equation.

Some of the tasks you must know to start off well are the following: Determine the type of restaurant. What type of food would you serve? Filipino, Chinese, Japanese, etc.?

Food and Beverages

Restaurants are also classified according to the type of service. There are sit-down restaurants where the waiter gets and serves orders. In most fast food types, the customers order at the counter and get the food themselves.

Restaurants are also divided according to the price of food so there are fine dining places that are extremely expensive, and there are affordable ones like cafeterias.

business plan for restaurant in philippines in manila

Collect the menus of other restaurants similar to your concept and use the ideas that would work best for you. Compute the costs and the pricing of the items to project your potential profits per item.

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Remember to incorporate all your overhead expenses like labor, time, rentals and taxes. Consider market size, adequate parking space, easy access and visibility. Having an excellent market size means having a large number of potential customers. If you will be offering fine dining, a large number of students in the area will not matter as they could not afford it.

Before signing on the lease agreement, make sure you can afford the rentals and other expenses on the sales you are projecting. Avoid penalties or closure by complying with government regulations. First, register your business name with either the DTI for sole proprietor or the SEC if you plan to set up a corporation.

After this, register with the BIR where you will be required to attend a short seminar. Invest in adequate equipment. Having the right type and capacity of equipment enables you to serve your customers promptly, which is one of the keys to customer satisfaction.

Having the proper equipment also helps maintain the quality and consistency of the food. It takes time for people to learn, and during that period, many dissatisfied customers may result. Whatever savings you get from hiring inexperienced people will be offset by errors they will commit.

Have modern control systems. Invest in a POS point of sale system and develop control procedures with the help of an accountant to both minimize internal theft and to manage your operations better. The POS will also be useful in tracking the movement of items and monitoring the productivity of your employees.

Market your business continuously. Never stop promoting your restaurant. Keep on introducing new menu items so that customers will not get tired of your offerings.

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While there is intense competition in the restaurant business, there still is a huge opportunity for entrepreneurs determined to succeed. Contact 0202or visit www. Click here to view details of the seminar: Written by Ruben Anlacan, Jr.Paseo de Magallanes is a prime commercial complex located in Magallanes Village along SLEX (almost corner of EDSA).

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Fresin Fries fast food restaurant business plan executive summary. Fresin Fries is a trendy new venture in downtown Singapore.

business plan for restaurant in philippines in manila

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