Question

i REALLY NEED REPLY AS SOON AS POSSIBLE: PLEASE PLEASE MAKE THE ASSIGNMENT ON THIS TASK OF Business Ideas based on a indian restaurants Purpose: Develop and formulate an idea for your own business. Money is not an issue for this assignment. Envision that you get all the funding you need to start it up. Task: Write a short abstract (200-250 Words) describing your business idea in the discussion section of this assignment. What is the basic idea? What are your first steps to realize that idea? What is the long term goal?

Answer 1

Our Business idea also revolves round the idea of starting a restaurant chain in one of the famous and most crowded cities in India, Bangalore – also known as India’s Silicon Valley. Bangalore is home to a large number of start-ups and young professionals, creates the perfect situation for a vibrant restaurant and bar scene. While starting a restaurant is a sure-shot path to success in Bangalore, offering international cuisines in any format.
Prime Localities for starting the restaurants include Central Bangalore areas such as St. Marks Road, Lavelle Road, Richmond Town, and also, Indira Nagar, Koramangala, and Kammanahalli.
The restaurant would be named as, “North n South Café”, working on the Logo and legal requirements like registration, EIN, etc. The basic business plan will include firstly addressing the micro and macro market conditions in the respective areas. About the local and regional economic conditions - If other restaurants are doing poorly, and knowing the fact that if restaurants are doing well, and doing the analysis whether our Restaurants would be able to compete in an already booming restaurant climate. At a micro level, we will discuss the direct competitors, brainstorm about the restaurants that share the target market and how you’ll we differentiate our services.
The menu would be the most important touch-point of our restaurant’s brand value that should be more than just a simple list of items. Incorporate our logo and mock up a formatted menu design. The sample menu should be prepared that should include prices that are based on a detailed cost analysis.
We will try to understand the restaurant landscape, also, discuss the pre- and post-opening marketing plan to show our partners how the plan to gain traction leading up to start day, as well as how we’ll keep the momentum going. Should have a solid plan in place to generate attention on our service through social media, your website, and media connections. List down the outside contractors for the plan to retain, Accountants, Attorneys, Architect, Designer, General Contractor, PR & Marketing, etc.
Creating a realistic financial plan making use of the stakeholders or the Accountant guide for this portion of business plan. Before creating realistic financial projections, the accountant will be provided with the required information like; the seating capacity, average check-ins, covers per day we would be planning to do. A well-vetted accountant with restaurant experience will be knowing exactly what we’ll need to have prepared to show the partners. The key projections that can be expected to work on would include the Pro forma profit and loss statement for the first three to five years of operation, Cash flows, Break even analysis Capital requirements budget, etc.
The long term goal would include the objective of capturing more market and expanding the restaurant chain to other parts of the country as well.