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The success of any business relies on sound management. This section of the restaurant business plan is intended to convey the background and experience of the managing partners or owners as well as key management personnel who will operate the business.You should include a résumé-styled summary for each person in the restaurant's management.
There are four basic factors to consider in your market analysis.
First, you need to be aware of current industry trends and customer spending habits.
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You might choose to insert actual résumés in this section or list them in the Appendices section of the business plan.
Though not mandatory, these may be used to lay out the expectations of the manager, the incentive plans, if any, and a termination strategy.The summary should begin with the name of the person and a brief description of the role or position that person will occupy in managing the business.Provide a summary the person's experience or qualifications.Looking for the perfect bakery business plan example for your new bakery business? We have created this B4Bakers - Bakery Business Plan to help you get started with your business plan.Looking for the perfect example business plan for your new coffee shop business? We have created this Cooper’s Cup - Coffee Shop Business Plan to help you get started with your business plan.If you are opening a quick-service concept, consider the inclusion of your menu board design. Venture capitalists want to know who is going to execute and drive the plan.And remember, it is not the number of items you have on your menu, but the design, variety and appeal that make an eye-catching menu. A lot of great business concepts have been turned down by investors, both "friends and family" and institutional lenders, because the prospective managers did not seem to possess the experience, skill, education, and/or discipline to make the business work. Controlling costs, managing employees and servicing customers requires experience and talent.So you've decided that owning a franchise is the right investment for you.You may have even already decided on the type of franchise, and maybe even the franchise brand you are going to pursue. As with starting any new business, creating a business plan for your franchise is a critical step in the buying process.You should disclose if there are to be any management agreements in place between the company and owners, hired employees, or third parties.Include a copy of the management agreement, if available, either here or in the Appendices section of the plan.