restaurant business plan in nigeria pdf

8 Steps To Start A Successful Restaurant Business in Nigeria

The restaurant industry in Nigeria is thriving, with an increasing number of people eating out and ordering in. According to the National Bureau of Statistics, the food and beverage sector contributed more than 24% of Nigeria’s GDP in 2020, making it a lucrative industry for aspiring entrepreneurs. To ensure long-term success, however, starting a restaurant business in Nigeria necessitates careful planning, research, and execution. This article will walk you through the 8 steps To Start a profitable restaurant business in Nigeria.

Table of Contents

Conduct Market Research

Before opening a restaurant in Nigeria, conduct market research to determine the demand for your services, identify your target customers, and evaluate your competition. Visit similar restaurants in your area, analyze their menus, prices, and customer service, and conduct surveys to gather feedback from potential customers to gather information.

Get a Restaurant Business Plan

A solid business plan is essential for the success of your Nigerian restaurant. Your company’s objectives, strategies, target market, financial projections, and marketing plans should all be included in your business plan. A business plan can also assist you in obtaining funding from investors or financial institutions.

Order a Restaurant Business Plan with 3 Years Financial Projections

Secure a Good Location

Getting a good location is crucial to the success of your restaurant business. You should locate your restaurant in an area that will be access easily by your customers, consider the following when deciding on a location:

Your restaurant business must be in a location with high population and purchasing power

2. It should be in a commercial area which must also be safe and secure.

3. You should also consider the rent, utility costs, and other expenses associated with the location.

Obtain Necessary Approval and Permit:

After securing a good location, the next important thing is to obtain the necessary approvals and permits and you must achieve this before starting your restaurant business in that location, you should reach out to relevant authorities to get started, this will also be a good opportunity to ask questions based on the right approvals and permits you need for your business. Each state in Nigeria including the local governments have specific laws that guide businesses within their domain. You will find the follwing information necessary as you begin your business:

Register your business with Corporate Affairs Commission and obtain Tax Identification Number, failure to do this might result into you having needless legal battle with the government.
Get the state government approval including the local government permit for your kind of business.
Obtain a food and beverage permit from the National Agency for Food and Drug Administration and Control (NAFDAC).

Build Relationship with Reputable Suppliers

This is one important aspect of your business you can’t ignore, you must establish relationships with reputable suppliers to ensure the quality of your food and beverages. You should select suppliers who provide high-quality ingredients at reasonable prices and a consistent supply of goods. To ensure that you are getting the best deal, you should also negotiate prices and payment terms with your suppliers.

You should consider buying your ingredients and other items in bulk to enjoy discount and save on cost

How to start a profitable medium scale yam flour mill in Nigeria

Hire Competent Workers

Hiring qualified employees is critical to the success of your restaurant. Hire skilled chefs, servers, bartenders, and other employees who are dedicated to providing excellent customer service. You should also provide proper training, compensation, and benefits to your employees to motivate them to do their best.

Paying good salaries will likely motivate your employees to work hard in your business, consider hiring those with experience related to the restaurant industry especially chefs and supervisors.

Invest in Marketing

Marketing is indispensable to the success of your restaurant business. You should invest in marketing strategies that will help you reach your target customers and build brand awareness. You can use social media, email marketing, advertising, and other promotional methods to attract and retain customers. You should also focus on building a positive online reputation by responding to customer feedback and reviews

Consider the following strategies in order to promote your business both offline and online:

Print fliers and distribute within your city to raise awareness about your restaurant
Consider running a promo by offering discounts to the first set of customers that will eat in your restaurant
Inform your family and friends, they might likely become your first customers
Design, print and place attractive banners in strategic areas within your city
Establish an online presence by being active on social media, you might consider building a website so that people can order your food online, then partner with delivery companies or establish one in-house to ensure customer orders are delivered promptly.

How to make your products unique and desirable

Expand your Business

After achieving success and establishing your restaurant business as a major brand in your city, you should consider expanding into nearby cities, this will allow you to reach more customers and increase your revenue

Starting a restaurant in Nigeria demands careful planning, execution, and dedication. You can start a successful restaurant business in Nigeria by following the steps outlined in this article. The food and beverage sector in Nigeria is a lucrative industry, and with the right strategies, you can tap into this market and achieve long-term success.

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Restaurant Business Plan In Nigeria (2024 DOC)

Restaurant Business Plan In Nigeria (2024 Sample) | How To Start Fast Food Business

One of the most essential commodity in a home around the world today is food, starting from the raw food, meat food, can food, vegetable food and every other kind of food you can possibly think of.

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Business plans and feasibility studies to get a discount.

This is because; we are sustained by our daily intake of food (meals) of all kinds. Food is relative to different kind of people, there are those who prefer meat meals to vegetable meals, others would prefer the one they drink, in all they are after their satisfaction as a result of the food intake.

In Nigeria today, food has gone beyond the daily meals people eat at home and set off to work. In fact most people consider venturing into food vending as one of the most lucrative business today, considering the number of people who patronize food hawkers also known as mobile food sellers. There is this adage in Nigeria that says “ In Nigeria everybody is in a hurry, both traders and customers ”, for this reason most Nigerians today tend to leave their home without having to eat anything, and that is where the business opportunity for selling comes in.

As a student in Ebonyi state University, Abakaliki, there was this woman we often buy rice and beans from every morning, it was actually a routine for us, I never really thought of the business side of what this woman was doing, all we needed was to feed and go to school, because we were always in hurry, the day she told us how much she earns on a daily from her food hawking, we were all in shock. And this was a woman who didn’t even know the fundamentals of running a successful restaurant using a business plan.

To get the full business plan on the Restaurant Business Plan In Nigeria + feasibility study, pay N10,000 to

GTBank (Guaranty Trust Bank)

Account Name – Okite Joseph ikenna

Account No – 0044083736

Once payment is made for the Restaurant Business Plan In Nigeria Feasibility Studies PDF File, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.

Imagine if you decide to start up your own food joint, using one of our Restaurant Business Plan In Nigeria, the success reports you will be recording. You may be discouraged by others that fast food business crumbles easily due to the fact that most people eat at home before coming out, and as a result you may have low sales which will eventually crumble your business. I believe you must have observed that most restaurants that are strategically located in your town attracts the most customers, despite the insinuation that most people eat at home before coming out, customers still troop to these restaurants just to feed.

The Restaurant Business Plan In Nigeria will help you in outlining how you can set up your own fast food restaurant. The question is having the interest in starting your own restaurant business, or having the habit of always cooking , not just for your consumption but for the people around, it even gets better if you enjoy every bit of your cooking activity. Some actually go for training to become qualified chefs, this tells of how huge restaurant business can be if properly managed.

What You Can Use Your Restaurant Business Plan In Nigeria For;

With the Restaurant Business Plan In Nigeria which can also serve as a Fast Food Feasibility Studies, as an entrepreneur, you can use this document for various purpose, especially, the purpose of sourcing fund to start up your fast food business using the fast food restaurant business plan sample.

BANK LOANS – You stand a chance of getting a bank loan using this well written business plan , banks want to be convinced that they are giving their money to a customer who has potential of repaying, hence with a well written fast food restaurants business plan , you may be considered as a reliable loan applicant.

GRANTS – Applying for grants from government has been made easier and accessible, especially if done with a doc that will convince those issuing the grants, of cause you must be qualified before you are issued with the grant.

PROPOSAL – You can use the restaurant feasibility study sample PDF to apply for a proposal, especially in situations where you can obtain fund for your restaurant business, this is because the information contained in this restaurant business plan document are well articulated, you stand a better chance going with this feasibility study.

Seminar presentation – You can use information from this business plan to form the basis of your seminar research, since the information contained in it came from a rigorous research work.

COMPETITIONS – You can go for competition where you win a prize or scholarship, especially one for entrepreneurs to commence their journey in business. You stand a chance of winning given the information at your disposal.

Nigeria today has a whole lots of opportunities, especially for the business minded ones, and for those who decides to venture in to the fast food industry also known as restaurant business are guaranteed with diligence and discipline, the stand a chance of earning what they have invested.

Generally, the fast food industry is growing, owing to the high demand in already made food by those from all categories of people in the society. You will agree with me that fast food accommodate both the old and the young, the rich and the poor, as long as you are able to foot your bills, you are welcome to buy.

As stated earlier, a great amount of care and caution has to be applied in the running of the restaurant business, you surely do not want to waste your investment, hence the importance in getting a restaurant business plan + feasibility study that best explains to you what you need to be doing at every time.

Importance Of Restaurant Business Plan In Nigeria

In all fairness, you need a well detailed business plan + feasibility study in order to run restaurant business in Nigeria, irrespective of the type of restaurant you have in mind, as long as money will be invested into the venture, it will be advisable you professionally plan how to go about the business using a laid out business plan with detailed information on the business. Here are the reason you need a business plan for your fast food venture;

It helps you to plan for the things you need before kick starting your business
Your plan tells of what services you have to offer
It should also contain the number of staff to hire
A business plan should also have detailed description of staff uniforms and dress code

Note!! To get the full business plan on the Restaurant Business Plan In Nigeria + feasibility study, pay N10,000 to

This is what Restaurant Business Plan In Nigeria looks like;

Table of content

Executive Summary

Business Description
Products and services
Market Analysis
Competitor Analysis
Sales and Marketing Plan
Operational Plan
Management plan
Financial Plan and Projections

This is an overview of the proposed standardized fast-food restaurant which will be named after whatsoever you wish, also outline the categories of people, residents as well as customers that your local delicacies or other delicacies may serve, they have meet the requirement as well as be in a classy environment . Get a catchy name for your Kitchens, distribute fliers with your address boldly written on it.

The Business

The business should be established as a limited liability company owned by you as well as other investors who may have contributed to the capital. Outline the persons who are to manage as well as oversee the business, it is important a first class chef with wealth of experience and expertise is allowed to manage the restaurant, except you fit into the description of a first class chef. This gives you an edge to be able to compete with the like of other top hotels as well as restaurant.

Products and Services

Great restaurants are known for their irresistible menu, especially when it has long list of mouth-watering selection of local as well as other delicacies, such as

Egusi Soup,
Pepper-soup,
Vegetable soup,
Pounded yam,
fried rice, etc.

The aforementioned will be served with a variety of meat offerings ranging from roundabout to pomo to raw beef. Tasty fried chicken, turkey, assorted fish types and recipes will not be left out.

Also make provision for point and kill services to customers who may prefer to just come in, relax, watch television and eat our greatly-demanded super-tasty smoked fish offerings.

Nigeria, no doubt, is both Africa’s most populated country and its largest economy but also its most important consumer of food products. The size of the food and beverage industry in Nigeria according to IMF is valued at 800 billion Naira with an estimated 40% growth expected in 2016 alone.

Being the business capital of Nigeria and its second most populous state, Lagos state boasts of over 30 million residents and a food and beverage industry valued at 100 billion. Experts also believe that this market will witness a 45% growth in 2016 alone.

The Ogudu area of Lagos has in recent times begun to capture the interest of greater Lagos residents. This is because this once sleepy and relatively quiet business and residential community has attracted in recent times the interest and investments (in real estate) of Lagos’ many high and mighty. With its over 100,000 population made up of residents, workers and visitors, Ogudu area provides any good classy restaurant worth its onions the right kind of demography on which successful businesses thrive. It is therefore no surprise that Big Bite, Mr Bigg’s, Tantalizers, Margretos and a host of others found a conducive business nest in which to lay their proverbial eggs.

Financial Considerations

Go for a long-term financing to cover start-up costs, equipment, building expenses, and working capital.

Funding for the launch of the business will be provided primarily by equity from the partners and investors.

Our market survey and research shows that restaurant business holds the promise of reaching positive cash flow in its 7th month of operation. The advantage of this, is the provision it makes for accelerated repayment of its loan obligations, as well as for dividends to be paid to the owners.

Revenue is expected to amount to N12,984,326 and profit N3,592,736 in our first year of operation.

Factors To Consider Before Setting Up Your Restaurant

Here are some of the factors most food entrepreneurs over look that makes them fail in the business venturing, carefully go through them and ensure you cross all your T’s and dots all your I’s; see below

Write A Business Plan – We’ve discussed why you need a food business plan sample PDF on this post, some of the things we said you needed to start up your restaurant business should be embedded in the business plan. A business plan helps the entrepreneur to plan for logistics , things that are required for the business to start, on the business plan your master plan on the services to be offered will as well be contained in it, It should as well have information on the number of works you should have and also have detailed description of staff uniforms and dress code, things menu, time of opening and closing business will as well be included etc.

Source For Fund – This relates to those who have built an idea on how they want to start up their own business but have little or no fund, with the business plan you can source for fund to start up your own restaurant business. You can apply for bank loan, especially those soft loan that are issued to start up business, apply for government grants, or you can source your fund from friends and family members.

Register Your Business Name – You must register your business name to be legally recognized, in fact when you register your business name, it becomes an infringement into your right if some other business uses the same name, in essence business registration protects your business from duplicates. In a city like Enugu where they have a whole lot of fast food joints and restaurant, I’ve never seen two fast food joint or two restaurant with the same name, for example you have the following just to mention a few (i) Open Sheraton (ii) Nta’Chi Osa (iii) Odi Oku… etc, all these fast food joints/ restaurant have their unique customers although they relatively have almost the same menu.

Competition – Restaurant business is one of the most competitive business you can ever find today, in order to survive, you need to know who you are competing with. By knowing your competition, it entails you know things like;

Services offered
Number of staff
Administrative/ management sector
Their method of operation… etc

In fact, you are required to know every possible information about your competition in order to compete favorably. You can actually scout these restaurants yourself; this will enable you to have first hand information about them.

Location – Location in business can never be over emphasized, it is important that you carefully select the best spot for your business. Locating your business in the city center can be very strategic, people will get to know you restaurant easily, could be used in description. Other places where you can site your restaurant is at the Mall, serving continental as well as local dishes will make people consider your restaurant a top notch, setting up at the market place or around the market will definitely fetch you a large number of customers. You can take advantage of proper research before setting up.

Staff Employment – The implementation of your business plan is dependent on the capacity of staff you have employed, these days food venture has become a serious venture and some organisation tends to send their staff members to training, while other employ only those certified by an institution, there are institution where individuals are trained for hospitality business. Employing and subsequently training those individuals will greatly benefit your restaurant. In essence, you need qualified hands to handle the following;

Management/ administrative
Cleaning etc.

Buy Equipment – There are items you need to successfully run a restaurant business, these items includes the following,

Cooking equipment (firewood or gas cooker)
Oven and grill equipment
Walk in cooler, freezer or any other cooling equipment
Frying pans, pots, spoons, plates
Take a way plates
Salad and dessert plate (optional)
Chef knifes
Cleaning equipment (buckets, cleaning rags etc)
Hand soap and sanitizer dispenser
Fire extinguishers (for emergency)
Tray pan (for serving)

Note – you can scout for other items not mentioned in the list above, in all you need these items to successfully run a restaurant business.

Other Additional Factors To Consider

Draft Your restaurant menu
Have a reliable list of those that supply items to your Restaurant
Have a financial estimates as well as projections for your business
Invest in good press publicity
Go further by either develop a website or setting up a page on social media that will help in promoting your restaurant
Constantly Re – design your restaurant menu to keep your customers interested
Never relent in the implement of frequent and strategic marketing
From time to time host events
Invent new service and market to your customers
Tell them of your take-out as well as your new service delivery
Engage other restaurant owners in a networking scheme and as well engage your customers.
Involve in customers related competition.

To get the full Restaurant Business Plan In Nigeria | How To Start Fast Food Business + feasibility study, pay N10,000 to

Once payment is made for the Restaurant Business Plan In Nigeria | How To Start Fast Food Business, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549 .

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Restaurant Business Plan In Nigeria

April 21, 2020 by admin 12 Comments

Restaurant Business Plan In Nigeria- Note; This Business Plan is regularly updated and can also be used for Bank Loans ETC. Our Restaurant Business Plan In Nigeria will enable you build your business well.

Have you always loved cooking or you want to be in the food business? then i guess you are in right place because here is a detailed sample restaurant business plan in Nigeria / teach you how to start and successfully run a restaurant business.

Base on research we have made we found out that the restaurant business is one of the surest businesses in Nigeria, which is as a result of the fast growth occurring in the food industry generally. Note that no matter how attractive it may seen, a great amount of care and caution needs to be applied in starting a restaurant business, because as the saying goes “good thing don’t come easy”. For you to be able to setup a very good and attracting restaurant you need a restaurant business plan.

Executive Summary

Business Description

Products and services Market Analysis Competitor Analysis Sales and Marketing Plan

Operational Plan Management plan

Financial Plan and Projections

Place an order to get YOUR FAST FOOD RESTAURANT BUSINESS PLAN. To place an order pay N10,000 to

Account Name- Oliver Uwadia

Account No- 3094192129

After payment text your name, your e-mail address and bank teller number or your transfer reference number to 08107015636 and A Copy of our Restaurant Business In Nigeria Feasibility/Business Plan and Manual will be send to your email immediately after your payment has been confirmed.

After reading this article you can be sure of starting a restaurant business that of will give you a good run for you money.

Step by step guide to starting your restaurant business

Starting a restaurant- Sample business plan

1. Have the right mindset

The main thing about the restaurant business is that it is more of a service business than product based business satisfying customers is your utmost priority and ultimate task.

When you have a restaurant you will have a very challenging and demanding role because you are dealing with humans and dealing with humans is the most challenging and demanding and this is a crucial part of the business, so you have to be very prepared to take up this duty, In order to be able to succeed in this business you will have to put up with all sure of things that would come your way because that comes with the job.

In order to be successful you have to get much information/ knowledge as possible about the food industry. Having the knowledge of the business you are going into is very important because knowledge is power. Note having just 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.

2 Make out a business plan for your restaurant business

For you to be able to succeed in restaurant business, you need a practical plan that you can consult from time to time. Because without a good plan your Restaurant business will not be successful.

For you to have investors who would be willing to invest handsomely in your restaurant you will have to present a plan, a logical, practical and realistic plan. However, you cannot create an excellent professional proposal without knowing the components of a restaurant business plan first.

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3.YOUR BACKGROUND

In order for your Business Plan to be convincing enough to it’x readers or investors, your professional experience has to be included, which is necessary because it goes a long way in determine whether you can be trusted in the business or not

Before you go into this kind of business you have to possess some kind of skills that is related to restaurant. Many would asked what kind of experience do you have in the food industry if you get an excellent background then you are a gold mine.

Your restaurant business plan also has to do with overall goal of the restaurant, a description of your target and pincing. the last part is your advertising and marketing plan.

4. Start with the big three.

The big 3 includes, a great location, a great chef and a great concept.

For a restaurant to be able to be successful they must have the big three that was mentioned above . Accessibility is very important, because the more accessible your restaurant is, the more success you stand to achieve. Note you in term of concept, you have to select your food concept and your service style as they are what will make you different, make you unique and place your business in demand.

5. Select Primary Location

The main thing to include while making a restaurant business plan is the prospective location where you will build your business establishment. The location should be competition free and filled with people who usually visit other areas just to eat. The best way you can get the right information you can use to find the an excellent spot for your business are restaurant review websites and local newspapers.

6. Alternative Prospect Location

It is always advice to individual who want to start restaurant business to always have more than one location. This will help in case you have problem with one of the location you can still have option to chose from.

However, you must not forget to include a photo and a brief description on every location you take account of in your proposal in addition, you must also take note of the things you believe that will contribute to the success of the restaurant you will build.

7. Draft The Restaurant Menu

This is also an important aspect while writing your business plan, of course you have to remember to write down the menu of your restaurant. It is recommended that you should create a menu that you can surely serve once you launch your business.

The menu should include the special dishes your chefs and kitchen personnel can provide to your potential consumer. Together with the specialty dishes, you must include some national or local dishes in your menu to attract customers immediately.

Note: having the right menu for your restaurant can either make or man your restaurant. The menu of a restaurant should be in line with the overall concept of the restaurant. Once you are done create your restaurant menu, revisit your restaurant business plan to make sure the menu is attractive to your business plan

When starting your Restaurant you should have a list of restaurants suppliers, when developing your restaurant business plan, a list of ingredients or food suppliers must be add. An individual who wants to start a restaurant business should compile the name and location of suppliers together with the prices of their suppliers, and discounts that they can offer. While also including the potential supplier of your restaurant’s furniture sets and equipment on the list.

8. Do your financial estimates and projections

Always include project of possible profit of your venture in your restaurant business plan. While complying your estimate, you must state the operation cost, anticipated income and overhead costs that your restaurant will have quarterly in the next four to five years. It is always advisable that you use line charts to display your data, this way is done by many and it’s said to be the easiest way for your audience to have a clear view of your projection.

9.Raise the needed capital for the Restaurant Business.

While complying your business plan or when writing your business plan, you will know how much you will be needing to start up your restaurant business. If you are planning how to setup your restaurant business and you don’t know how much would be needed, it is advice able to you visit other restaurant owners and seek advice from there.

While seeking help from other restaurant owners talking to them can help you. Because it would give an idea on how you can project your expected startup cost. Restaurant owners raise capitals in so many ways to start up their restaurant business. It can either by taking loans from banks or taking advantage of government programs that concerns small business owners and many more.

10. Employ people.

One of the major problems or challenges restaurant face is lack of qualified or experienced workers. When looking for work personal or employee, make sure to state clearly the exact character, qualities or skills you are looking for in an employee. Be sure of what you want don’t just make do of anyone that just shows up.

This will help you get experienced workers. When advertising specify the state and job description and responsibilities of the kind of employees that you want. Also, try to find out what other restaurant are paying their employees.

10 CREATIVE IDEAS FOR MARKETING A RESTAURANT BUSINESS.

You may ask, what are the best creative marketing ideas for a restaurant business? How do I promote my restaurant or fast food business? How do I find customers and increase my brand awareness? For your answers, read on.

Note; Don’t just rely on traditional technique intends of marketing tactics even though many traditional technique still stick true today, technology and trend varies can help you intends of marketing tactics. Things are changing you should adapt to it also. New strategies, like environmental and internet marketing are coming up as key components of any successful restaurant marketing campaign.

We listed top ten ideas or tips for marketing your restaurant business all you have to do is follow it all and I guess your business who be one of the best.

However, I want you to know that while preparing a marketing plan for your restaurant is important to the successful execution and of implementation of your marketing strategies.

1. Develop a website to promote your restaurant.

2. Get good press publicity

3. Host events

4. Re – design your restaurant menu Implement frequency marketing

5. Commit to going green

6. Try up – selling your customers Market your take-out and delivery services

7. Promote your restaurant through email.

8. Get testimonials from your loyal customers.

9. Start a Google Adword Campaign Promote your business on social media Network with other restaurateurs and customers.

10. Dress your employees in smart uniforms.

Also Involve your customers in a competition. You should have this in back of your mind that because you are reading this post do not have effect in your business. You have to implement what you read here and make big difference and improve your service and your style.

10 CHALLENGES OF RUNNING A RESTAURANT BUSINESS.

Are you interested in starting and running a restaurant business? Or you want to buy a restaurant franchise? Do you want to know the challenges of running a restaurant business? So as not to be hit with surprises. Then read on.

Been a owner of a restaurant business has it’s own ups and downs there are quite a number of challenges and obstacle that you have to overcome before your restaurant business can be among the best in the country. Those are already own a restaurant business knows how hard it is to keep their business up and running smoothly. Owning a restaurant business requires a lot of commitment and self dedication.

As you are new into the foodie market, you have to be able to handle the challenges and obstacle and know what to do to avoid them or counter them. Without going about below are ten challenges of running a successful restaurant business.

Restaurant Business Plan – Starting A Restaurant Business Sample Template

Hiring good employees for your restaurant business.

The kind of employee you hire for your restaurant business is very important. For you to be able to manage your restaurant business successful is for you to hire capable and dedicated staff. You should employ skilled and experienced personal, especially in the area of cooks and services, because the kind of services people get from your restaurant determine if they would come back or not or how the food teats.

When employing especially a server, you have to go for individuals that are not highly temperamental, you have to employ an individual who always smile, because first impression really matters. The appearance of a server is very important because they send a massage to the customer. Now how do you know a person with good character? The answer is quite simple: put them to test.

Hurry now, GET YOUR FAST FOOD RESTAURANT BUSINESS PLAN. To place an order, pay N10,000 to

First Bank- Oliver uwadia

Account number- 3094182129

Retaining skilled staff.

The next challenge most business face is restraining skilled and experienced work personal. When you have skilled and experienced employee you have great asset, because skilled and experienced work personal are especially important to any business venture. When an employee works over time it grows in skill and job experience..

So when that particular employee leaves, the experience gained over the years is gone. Thereby, leaving a huge vacuum in your business. Some times is not their fault, because big industries are always in the habit of poaching experience staff from smaller companies.

For you to be able to keep you employee as a restaurant owner, you are expected to offer certain benefits to your staffs to keep them loyal to Time, such as health insurance and many more

Cost control

Cost control is one of the challenges that restaurant business owners face. When running a restaurant business, you need to maintain an eagle eye on your cost and finances because your expenses can be very high without you not even knowing how it got that high, because prices of food stuffs change constantly. For you to be a good business person you must learn to control costs. This implies you have to be wise in spending with money and time.

To be able to achieve effective cost control, you as the business owner should examine every business related expenses and look for how you can save. First thing you do is avoid waste in the kitchen, the second thing is avoid serving spoiled food or poor preparation of food and many more. All these things bring about unnecessary cost and reduced earnings. .

Lack of experienced employees in your restaurant.

Most employee in restaurant business are often young and inexperienced. When you hire a new worker, you as the employer has to put them though a two weeks training or one week, because the employee need to learn all about the restaurant skills and they also need to adapt to a restaurant work environment in general. As the employer it is your duty to give sufficient time, energy and orientation to the employee to able them know what to do and how to do it for the growth of your restaurant business. our Restaurant Business Plan In Nigeria will enable you build your build well.

Maintaining good customer service.

Good food alone can’t keep customers coming back to restaurant. It takes good food and excellent customer service to keep them coming back at all times. There is a saying ” The customer is always right” as a business owner you will always believe that because you want them to keep coming back to your restaurant, how do you deal with your customers complaints and how you appreciate your customers matters a lot. If you want to have a regular in restaurant then you have to build a customer service that can handle bad or rude customers effectively.

Competition

The food industry has a lot of competitions, it is more of the survival for the fittest as there must be other restaurant that exist in the same location where your own restaurant is located. That why you should maintain strong, distinguishing morals and values that will separate your restaurant from every other restaurant within your area.

Maintaining a strong management team in your restaurant business.

For your restaurant business to grow you need a strong management team. Management is a very crucial ingredient in a restaurant’s success. When you always make changes in management that can lead to change in vision and leadership method and this can lead to disorientation of employees. Having a committed, experienced and passionate manager will go a long way to bring success to your restaurant. Get our Restaurant Business Plan In Nigeria

Risk management in Restaurant Business

Good things don’t come easily and the same applies with restaurant business. While running a restaurant business you will have to deal with all sorts of potential hazards, starting from miner employee, training issues to major liabilities. In restaurant business little problem can be of disastrous financial repercussion. You can managed risk by incorporating safety procedures, as well as by securing your establishment with insurance against injuries, damages and accidents.

Constant menu change in Restaurant Business.

While running a restaurant business, you have to always be on board with constant menu change. As a restaurant owner, you have to take a periodical review of which items are selling very well and which are not and always update your menu with new, after all variety is the spice of life. This can pose quite a challenge especially when your business is still young and you lacks adequate manpower.

Marketing in Restaurant Business

The last but not the least challenge is marketing your restaurant business. Marketing is always a challenge to every business and not just the restaurant business alone. The way your business is marketed and the style and strategy employed will greatly determine the number of customers you will get and how popular your restaurant will be. Internet marketing is the most easier way of marketing. You can get a good web designer to design your business online.

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. Get our Restaurant Business Plan In Nigeria to help you build you business.

TABLE OF CONTENT

Executive Summary Introduction Business Description Products and services Competitive Advantage Market Research Competitor Analysis Sales and Marketing Plan Operational Plan Business Risk Management and Structure Financial Plan and Projections

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How To Start A Restaurant Business In Nigeria 2023 (Full Guide)

Post author: Edeh Samuel Chukwuemeka ACMC
Post published: July 11, 2023
Post category: Financial Tips

How To Start a Restaurant Business in Nigeria: A restaurant is a place where you pay for your food and eat it. A waiter or waitress will often bring your food to your table. Restaurants have become one of Nigeria’s fastest-growing businesses, with over 60% of the population eating outside their homes on a regular basis.

How much do i need to start a restaurant business in Nigeria

The restaurant industry is mostly for individuals who are skilled in the kitchen and wish to pursue a career in it. So, if you’re among these people and live in Nigeria, consider yourself extremely fortunate. The information about how to start a restaurant company is mentioned below.

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Table of Contents

How To Start Local Restaurant Business In Nigeria

1. Examine the restaurant market: The first step in launching a restaurant company is to research the local restaurant industry. When it comes to starting a restaurant, this is crucial. It is usual for market research for the restaurant sector to take many months.

This will assist you in avoiding costly mistakes. While the business may appear simple and straightforward to begin, there are regulations to follow if you want to be successful. And you learn these guidelines by researching the market for this type of business.

2. Register your business: Registering your restaurant is the next step. You should register your restaurant name to help you build your brand and differentiate yourself from the competition.

Business name registration is handled by Nigeria’s corporate affairs commission, and it may be done online. Make the mistake of not registering your restaurant before opening it. Someone else may register it and claim the brand name you’ve worked so hard to build.

Costs and How to Start Restaurant Business in Nigeria

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3. Make an all-encompassing approach: The business plan you write will guide the growth of your restaurant. Regardless of how much effort you’ve put into your idea or how many reliable individuals have assured you of your company’s success, you must produce a business plan. Your strategy will act as a road map for your firm as it grows.

4. Determine who your target clients are: You need customers who will eat at your restaurant. What are their occupations, ages, and average earnings? When launching a restaurant business, you must address these questions.

If you know your target clients and niche market well, your restaurant business will thrive. You can scan for them or make and distribute handbills to attract them.

How can I succeed in restaurant business in Nigeria?

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5. Look for an appropriate place: Another stage is to choose a suitable site for your restaurant. One of the finest locations for a restaurant company is in a heavily populated and easily accessible portion of town.

Of course, you should keep in mind that it is better to locate your restaurant near colleges, motorparks, and business complexes. These are regions where you may expect a large number of different types of individuals to visit your business.

6. Find out what the tax rate is in your area for your restaurant: Again, you must determine the restaurant tax rate in your area and determine whether you can afford it. In Nigeria, all firms must pay a variety of taxes, including corporate income tax, education tax, and value added tax. However, in several Nigerian states, restaurants have been subjected to extra levies.

The Lagos State government, for example, levies a 5% sales/consumption tax on services performed in restaurants inside the state. Before you start a fire, you should consult with a lawyer who is aware with the tax consequences of your business and can assure that you are not breaking any laws.

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7. Obtain the required restaurant sales permit and license: In order to start a restaurant in Nigeria, you will need to secure a number of licenses and permissions. In certain circumstances, you will need to seek licenses from a local government office, while in others, you will need to obtain them from a state government agency.

It is vital to ensure that you have the necessary licenses and permissions before starting your restaurant company in Nigeria. Because the sorts of licenses and permissions differ by area, it’s critical that you get legal assistance early on in your restaurant’s development.

Also, if he stands and you still want to offer alcoholic beverages, you’ll need a specific license. If your business will be operating late at night or maybe past midnight, you will need to get a special permission. Getting the correct legal help is therefore crucial for getting your restaurant off to a good start in terms of licenses and permits.

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8. Raise funds for your startup: After doing your research and making your decision, you should have a good estimate of how much it will cost to open a restaurant. Capital is one of the most important criteria for beginning a restaurant. As a result, you’ll need to generate funds for your company.

Your capital letter denotes the size of your company: small, medium, or big. Because growth is a constant and steady process, it’s fine to start modest and expand later as you gain expertise and financial rewards.

9. Create a menu plan: Any restaurant’s menu is the most crucial contact point. Daily promotions and a prix-fixe menu should be available in your establishment. Prices for each meal should be included in your menu list. You may come up with your menu pricing list by looking at what other restaurants in your area charge for a plate of food they provide.

As a newcomer to the industry, the price for a plate of new offer may be slightly cheaper than what others charge for the identical plate of dinner in order to attract new customers. To build credibility and give your restaurant an advantage over others, as a chef and lover of culinary art, you must have your own distinctive recipes and a flexible menu at a fair price.

Ask yourself why consumers should keep eating at your restaurant. If you can honestly answer this question, you’re on your way to creating a successful restaurant. Make plans to receive food and specialty condiments at regular and cheap costs by identifying and connecting with wholesale suppliers. This alleviates the burden of locating and purchasing food items that are seasonal, limited, or in short availability on the market.

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10. Invest in the necessary restaurant equipment: Cooking utensils, tables, hand and plate washing supplies, desks and chairs, internet cables, inverter, cooling system, fans, generating plants, TV set, dstv/local antenna, audio music player, and other entertainment equipment are all required in any restaurant.

11. Decorate your restaurant: You must also furnish the restaurant. There are various possibilities available, but it all comes down to personal preference. To add to the amazing atmosphere of your restaurant, Full-stop used first flowers in a sturdy and contemporary hand-sculpted brass work overhead.

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12. Hire competent cooks and wait staff: Employee knowledge Waiters and employees who are passionate about and appreciate the importance of high customer satisfaction in the restaurant sector will decide to a significant part your ability to maintain and attract new customers. Your chefs’ watchwords should be meticulous attention to detail and the utilization of the freshest seasonal foods and high-quality goods.

13. Make a management team and structure it: Make a management team and organize it. You require managers to handle the firm for you so that you may devote your time to other activities. Organize waiters and waitresses to service your guests, as well as a financial accountant to provide correct financial information.

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14. Standardize health and safety procedures: Because restaurants are all about people consuming food, the restaurant industry is extremely sensitive. We should anticipate that the restaurant will be monitored and inspected on a regular basis by the local or state government to verify that you are following all applicable health and safety regulations.

Inspections may include not just raw and peppered food, but also refrigeration systems, cooking equipment, and garbage cans.

15. Promote your company : In this business, this is one of your main priorities. This is because it makes very little difference how terrific a chef you are or how fantastic your offerings are if no one knows about your eatery. You must market your restaurant regardless of the type. For outstanding fast service restaurants, use social media channels.

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Top 3 Facts About Restaurant Business In Nigeria

1. Competition: Just like every other business, running restaurant business in Nigeria is highly competitive. As stated earlier, restaurant business is a life saving business in Nigeria. This is in the sense that food is a necessity. This fact is known to everyone. On the same hand, the lucrative nature of restaurant business is equally known to all. People will always consider restaurant business when evaluating their choice of venture.

Steps To Start A Successful Restaurant Business in Nigeria

In Nigeria, it is usual for every street to have more than one restaurant. This is where the competition begins. So, the demand is high on the side of customers, and they will always stick with the vendor that satisfies their need. First impression in this instance is of utmost necessity. Embellishing your services with something unique and employing other strategies to appeal to the customer’s appetite are most recommended.

2. Need for permit: In some areas in Nigeria, running a restaurant business requires getting an authorization from a designated authority, usually from the community delegates or any other authority designated for that purpose. A deductible reason for this is that selling of food has something to do with public health.

Authorities that are in charge of public health and public nuisance in the target community or state may want to set a standard for the operation of the restaurant business in order to ensure public safety. Other evaluations and standard permit may be required, such as fire safety and other hazards.

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3. Restaurant business is lucrative: Undoubtedly, running a restaurant is lucrative. Its lucrative nature is at its peak when the business is well invested in and adequately managed. So, there is need to maintain good customer relationship and explore viable business strategies in other to be unique in this line of business.

How can I start a successful restaurant business in Nigeria?

Profits are not automatically made by the mere fact of opening a restaurant, and it may not come soon at the very inception of the business. Profits are rather derived from the strategies employed in managing the business. And the most important part of managing the business is employing those strategies that will guarantee sustenance of the business and a long-term profit.

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In conclusion, the processes to start a restaurant company in Nigeria are as follows. Consider how lucrative it is and how much it will cost to get started. You can study business at the entry level and work your way up to become a large-scale company enterprise. You will undoubtedly succeed if you follow the steps to starting a business.

Edeh Samuel Chukwuemeka, ACMC, is a lawyer and a certified mediator/conciliator in Nigeria. He is also a developer with knowledge in various programming languages. Samuel is determined to leverage his skills in technology, SEO, and legal practice to revolutionize the legal profession worldwide by creating web and mobile applications that simplify legal research. Sam is also passionate about educating and providing valuable information to people.

This article on How To Start A Restaurant Business In Nigeria is regularly updated and can also be used as a guide in setting up your restaurant business in Nigeria etc.

How To Start A Restaurant Business In Nigeria

INTRODUCTION: As Nigeria is on record to be the most populated black country in the world , no soothsayer or ‘DIBIA ‘ is needed for anyone who has a business mindset to understand that one of the businesses expected to thrive profitably is a restaurant business in Nigeria, This is simply due to the fact that large and growing population needs nothing but the availability of nutritious food for her teeming population to become healthy, thereby making fitness and survival essential factor that will promote the economy of Nigeria as a nation.

This made the establishment of the restaurant business in Nigeria to become a source of value addition to the ever-bustling and growing population of a Nation like Nigeria.

DEFINITION What Does A Restaurant Business In Nigeria Mean?

As it is commonly known that everything available around us has a history at its base or foundation, it should be noted for reference purpose that the first restaurant to be established was a soup restaurant in France. This was made possible by a soup vendor named Antonie Beauvillers in Paris between 1782 or 1786 and the restaurant was named ‘La Grande Taverns de Londres A restaurant can be described as a facility in which food is directly provided to humans such as cafeterias, lunchrooms, cafes, bistros, fast food establishments, food stands, saloons, taverns, bars, lounges, catering facilities, hospital kitchens, daycare kitchens and nursing homes kitchens. It is a business that prepares and serves food and drinks to customers. Meal are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services.

There are some basic factors that differentiate and makes a restaurant stand out from other restaurant businesses which is a function of the Concept and purpose of establishing such a business making restaurants businesses to be of different types.

Different Types Of Restaurant Business In Nigeria

1. Fine Dining;

2. Casual Dining;

3. Contemporary Casual;

4. Family Style;

5. Fast Food;

6. Fast Casual;

9. Food Trucks and concession stands;

10. Pop up restaurants;

11. Ghost Restaurants.

The most common type of restaurants business available in Nigeria is the fast-food businesses, whereby healthy foods are provided and served to customers on-demand in a conducive facility that provides ambience and comfort to the customer, although it is becoming more popular now that some restaurants provide door to door delivery of prepared foods to customers on demand.

No matter the type of restaurants business, one factor that is essential in this line of business is the provision and preparation of healthy and affordable foods to customers on-demand in accordance with requests made by the customer and in adherence to the quality standards expected from a business providing healthy meals.

ECONOMIC PROFITABILITY OF RESTAURANTS BUSINESS IN NIGERIA.

HOW BIG IS THE RESTAURANT SERVICE INDUSTRY IN NIGERIA?

With the sizeable population of about 200 million people in Nigeria, the food restaurant industry which belongs to the Quick Service Restaurant QSR of the economy is in no doubt a gold mine as it is expected to increase as geometrically as long as the population of Nigerians keeps increasing.

This assertion was confirmed by the Association of Fast Food and confectioners of Nigeria (AFFCON) an umbrella body of Quick Service Restaurant QSR revealing that the Nigeria Food industry is estimated to be worth over a trillion Naira with the Fast Food segment gulping over 250 billion naira and this number is expected to rise in the future.

With the statistics and estimation that confirmed how thriving the Food restaurant industry is in Nigeria, without any iota of doubt, the food restaurant industry in Nigeria is an investment destination that no one should shy away from as it has the potential if add to the Gross Domestic Product GDP of Nigeria economy with the prospect of taking many Nigerians out of the grip of poverty through the provision of employment opportunity for the teeming Nigeria youth estimated to constitute more than sixty per cent of the population.

Hence, at this point, it is imperative and essential to look deeply into how a restaurant can be established in Nigeria alongside the prospect of establishing a food industry in any part of Nigeria.

HOW TO START A RESTAURANT BUSINESS IN NIGERIA COMPLETE GUIDE.

As it has been affirmed in the introduction of this article about how profitable restaurants businesses are in Nigeria with it having the potential of making the Nigeria economy viable and strong, the need to delve into what is needed to build a sustainable and profitable chain of restaurants businesses having fleets of outlets across the length and breadth of Nigeria is quite essential and discussion about each step needed for a profitable restaurants business will be highlighted and discussed one after the order.

The steps needed in establishing a profitable restaurant business in Nigeria in 2021 are:

1. Get the right and appropriate Restaurant location in Nigeria.

2. Acquire a spacious outlet.

3. Ensure that the outlet is branded by professionals with a business name.

4. Employ the right staff.

5. Get a vision and mission for your business.

6. Employ a professional caterer.

7. Raise capital for your business.

8. Business Registration with Corporate Affairs Commission.

9. Ensure the neatness of your outlet.

10. UNDERSTANDING BUSINESS DYNAMICS.

11. Get Prepared.

12. Ensure that your mode of operation is in adherence with government agencies. 13. Get the required and appropriate equipment. 14. Have a Business Plan.

1. Getting An Appropriate Restaurant Location In Nigeria

The sustainability of any business concern depends on the business being established in the right location. Establishing a business as sensitive as a restaurant business can only become successful when the location of the business meets the expectation and demands of the would-be customers.

Hence it is important that anyone desiring to open a restaurant business in Nigeria is expected to have an idea of what the resident of the environment where the business will be located needs at a particular moment which can be extended to having an understanding of what should be the area of human needs and consumption that the established business will hold on to as a benchmark that would make it to stand out in the midst of other competitors.

Getting a good location to establish a restaurant business always give the business a competitive edge and leverage that would enhance profitability and ensure the sustainability of such business in the process of time.

2. Acquire A Spacious Location

Without any doubt, the establishment of a restaurant requires the usage of a spacious and roomy location that can accommodate people of every walks of life and has a capacity that is wide enough to give the momentary rest, relaxation and enjoyment customers expected from such facility.

Having a spacious facility guarantee a competitive edge for any Restaurant opened anywhere in Nigeria by providing leverage and advantage that could enhance the patronage of customers to your location.

Hence, in order to establish a profitable and sustainable Restaurants business in any part of Nigeria in 2021, one of the factors to be considered in making it a successful and sustainable business empire is for the interested business owner to acquire a spacious location.

The acquisition can be carried out by lease or by renting a space which should be carried out at a particular budget that should be within the range of what the profit Garner in the course of the business can cater for which would enhance proper management of the business and it will ensure the sustainability of the restaurant business in Nigeria.

3. Business Branding.

In other for a business like Restaurants business to have leverage and a competitive edge, the need for such a business to be branded is necessary and essential.

Restaurants business in Nigeria remain booming and growing which makes it to be extremely competitive, for any newbie to survive, Any Restaurant business owner in Nigeria must consider branding as one of the necessary tools that will make his/her business viable.

Branding is one of the tools that promote the aim and objective of a business, it makes such a business to be known and it enhances the preservation of the vision and mission of such business.

Hence the need to ensure that opening a restaurant business in Nigeria in 2021 requires appropriate branding that will end up enhancing promotion and acceptability of the business because branding a business also promote the culture, idealogy and philosophy behind the establishment of the business.

Branding a restaurant business involves having a name to the business with a logo having good colours that express what the business stands for thereby promoting a speciality and a uniqueness that gives a human race to such business by standing as an ambassador that will enhance the spread of such business making it a household name. We at NaijaCEO can help you with your branding

4. Restaurant Business In Nigeria Staff Employment.

This is another factor that needs to be considered when establishing a restaurant business in Nigeria in 2021.

It is essential to employ staff and workers who are ready to understand what is needed and necessary in promoting the aim and objectives of the business in alignment with the goals of the business in the course of time.

Getting capable hands and minds that believe in short term goals, middle-term goals and long term goals are essential for the all-around growth and sustainability of the business.

As Restaurants businesses are known as businesses that take care of the nutritional needs of people, it is essential for your workers to be people who have the mind of being hospitable and also fast in meeting up with the needs of people trooping in to patronise the business.

Staff and workers that should be employed must have the needed skills–both soft and hard skills with the required exposure and education needed in ensuring that the needs of customers are met at any point in time

Employing capable staff is one of the tools that help in enhancing the profitability and productivity of any Restaurants business in Nigeria.

Capable staffs make the goal and objective of the business to become achievable on a platter of gold without any difficulties.

Hence, the application of cutting edge human resource strategy is needed in establishing a restaurant business in Nigeria as it provides a solid foundation for the sustainability, profitability and productivity of such business to translate the mission and vision of such business across the length and breadth of the Nigeria business space.

6. Engaging A Professional Caterer Or Chef.

how to start a restaurant business in Nigeria

Depending on the reality on the ground when setting up your restaurant business in Nigeria, you may need to consider the employment of a professional caterer or chef to take care of some cuisines that required professional touch in the course of running your restaurant business. As the business becomes enlarging with patronage becoming booming cutting across every division of the society, some customers needs might tend towards requesting for cuisines that are international and it is only a chef that can provide such in any Restaurants. So, it is important you consider the hiring of a chef who could provide professional services with this will, in turn, make customers love your restaurant dishes in the course of running it. This will also give you a competitive edge and leverage to the business and it will enhance the promotion of such business beyond local recognition thereby transporting it to be acceptable by non-citizens of the country like diplomats and expatriates who are longing to have a taste of their cuisine in Nigeria having the same ingredients and taste.

7. RAISING CAPITAL.

The availability of sufficient funds or capital is needed to ensure that the business has the financial capacity to meet up the needs of its customers accompanied by the ability to expand across the length and breadth of Nigeria.

Having a good amount of capital enhances the prospect of a restaurants business to cover more areas of operation that is essential to expand and give the required necessitated response to the demand of customers at any point in time.

Currently, You need to have around N500,000 – N10,000,000 to set up a conducive Restaurant business in Nigeria. This cost is bound to change and totally depends on how big you intend to start your restaurant business.

8. Business Registration.

Business registration is essential and needed in order to make such a business top-notch among other businesses.

The prospect of investors getting interested in your business becomes feasible once the business is registered with the corporate affairs commission .

Registering your Restaurants business in Nigeria with appropriate agencies gives your business the opportunity to have the chance to apply for loans and grants at any point in time.

The need for proper registration makes your business have an edge above every other restaurant’s business as it gives you the opportunity to present business plans and proposals that will be honoured by would-be investors who might be ready to inject funds into the capital base of your business.

It also enhances transparency as it gives a level of traceability about the requisite information needed for confirmation at the corporate affairs commission at any point in time. We at NaijaCEO can help you with your company registration

9 . Neatness, Cleanliness And Hygiene.

Restaurant business in Nigeria Delicacies

As it is known across the board that cleanliness is next to godliness. It is essential to reiterate that one of the major factors to be considered in establishing a restaurant business in Nigeria is neatness, cleanliness and hygiene.

This should be enhanced and worked upon as a continuous process that should be looked to from the beginning of the business and it should be enforced in the day to day activities and operation of the business.

No Restaurants business can thrive and survive outside its ability to ensure that good hygienic condition is maintained as this provides a perfect way of making the restaurant the best point of satisfaction as the provision of food is concerned.

10. Understanding Business Dynamics.

Every business has its Dynamics that makes it unique at any point in time.

The uniqueness needed to make your Restaurants business competitive needs a deep understanding of the Dynamics of the business.

Restaurants businesses always have peak moments and down moments which if understood very well can prevent wastages from occurring on a daily basis.

The understanding needed to run a restaurant of massive magnitude needs the touch of professionals who are deeply experienced to know what is needed in managing the business.

Once the Dynamics is known, your Restaurants business in Nigeria ends up becoming a high-flyer among other restaurants businesses.

Optimizing and maximizing these Dynamics creates an avenue for productivity, sustainability and profitability at a maximum level thereby enhancing the proficiency of the restaurant business in meeting up the yearnings of the customers that need services that will meet up their needs at any point patronage.

11. Preparation.

In your desire and drive to have a restaurant business in Nigeria, your preparation to weather the storm of uncertainty is essential.

As the economic reality of a country like Nigeria is at a low ebb and it is quite wavy, someone who is interested in having a good restaurants business in Nigeria needs to prepare for uncertainties.

As the price of foodstuffs keeps soaring high with the cost of living skyrocketing, one needs to understand that this will pull down the purchasing power of the average man and woman on the street who is expected to be part of human statistics expected to turn up patronising any established Restaurants.

This will eventually make the food restaurant business difficult to manage.

Hence, the need to get prepared for economic turbulence is essential and you are expected to understand the dictates of the Dynamics that will crop up from the harsh economic realities obtainable in Nigeria in the course of running your food restaurant business.

12. Adherence To Government Policies.

Due to the sensitive nature of the food restaurant business, as it influences the health and living of the consumers, this made it to be an important sector of the Nigerian economy whereby it is guided by many strict government policies at every level of the economy.

Hence, the need for you to adhere strictly to policies from government agencies is quite important in order to forestall the smooth running of the business.

Policies from the ministry of health, Standard Organization of Nigeria, Consumers Protection Agencies are to be adhered to strictly as this enhances consumers trust thereby increasing patronage in the course of the business. Even staffs in charge of food preparation are to be subjected to periodical health check-ups in order to prevent infections that might be transferred through the preparation of food in the restaurant.

13. Purchase The Right Equipment.

In order to have a clog-free operation in the restaurant, the need to have the right and appropriate equipment that will facilitate smooth operation is essential and having this will enhance fast delivery of services to the customer.

The quality of services delivered is a function of the equipment used in the course of operation.

Quality equipment guarantees good service delivery in the course of running any Restaurant.

As poor as electricity supply is in Nigeria, any successful Restaurants business needs the availability of generators or other means of power generation in the course of operation.

14. Business Plan.

As business becomes stable and prosperous, the need to up-scale becomes necessary and needed, this will entail the need to expand by building more locations or renting outlets or there might be a need to purchase more equipment that is needed in taking care of the operation.

Hence, the need to source for loans or funds arises.

Sourcing for loans, funds and grants are always successful as it is always granted based on the preparation of a feasible business plan. This made the preparation of a business plan essential in the course of starting or even running a Restaurants business in Nigeria.

A business plan is very essential because it will open your eye to the restaurant industry in Nigeria and not just for loan applications.

We at NaijaCEO are the leading Business plan writing company in Nigeria and can be of help to you.

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Micah Erumaka

About Micah Erumaka

Micah Erumaka is the Founder of LiaonCEM solutions which owns NaijaCEO. He is an Internet Entrepreneur and a content creator. After the failure of his first company at age 18 he started NaijaCEO to help entrepreneurs with the information they need in operating a successful business in Africa

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African Restaurant Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Food Sector » Restaurant & Bar

Are you about starting an african restaurant? If YES, here is a detailed sample african restaurant business plan template & feasibility report you can use for FREE .

Okay, so we have considered all the requirements for starting an african restaurant business. We also took it further by analyzing and drafting a sample african restaurant marketing plan template backed up by actionable guerrilla marketing ideas for african restaurants.

The united states of America is one of the few countries of the world that can boast of being home to people of different nationalities and Africans are some of the immigrants that consider the United States as their home.

So, if you are an African living in the United States and you want to leverage the vast population of African migrants in the US to generate revenue, then one of your best options is to start an African restaurant.

If you can successfully start an African restaurant in the United States, your customers will not only be Africans but every other person within your location who loves exploring delicacies from different parts of the world.

A Sample African Restaurant Business Plan Template

1. industry overview.

African restaurants are grouped under the restaurants industry, howbeit specialty restaurants. African restaurants are restaurants that mainly prepare and sell African-style food to their customers.

The African restaurant industry accommodates single-location, chain and franchised enterprises, as well as full-service and fast-food operators whose major delicacies are African inspired.

Players in this industry also sell alcoholic and other beverages as a means of generating more revenue. A close watch of the African Restaurants industry shows that the industry has benefited greatly from an increased acceptance of African cuisine in the mainstream American food industry.

In addition, an increasing immigrant population from Africa coupled with domestic adaptations of African food, such as African peppered Jollof Rice, Pounded Yam, Fufu (Foofoo), Banku, Kenkey and Garii (gari) which are served alongside soups and stews eaten by hand, has also aided the rise of the African Restaurants industry over the last five years.

As a result of these major trends, industry revenue is expected to continue growing going forward. The Restaurants industry that African restaurant is a part of is a thriving sector of the economy of the United States.

Statistics has it that in the United States of America, the Restaurants industry generates over $38 billion annually from more than 34,061 registered and licensed Restaurant franchises, and the industry is responsible for the employment of over 877,619 people.

Experts project the Restaurants industry to grow at a 2.9 percent annual rate within the next five years. The Restaurants Industry is a profitable industry in the United States and it is open for any aspiring entrepreneur to come in and establish his or her business.

You can choose to start on a small scale in a street corner like the average mom and pop business or you can choose to start on a large scale with several outlets in key cities. Plus, you don’t need to be an African to successfully run this business.

2. Executive Summary

Edo Kitchen® African Restaurant, LLC is an American incorporated business that will be located in one of the cities with a huge African population – Dallas Fort Worth Metropolitan Area, which happens to be the largest in Texas, but hopes to spread out to key cities in the United States with the first 5 years of operation.

We are at the final stage of leasing a facility along a major road that is big enough to fit into the kind of African restaurant that we intend launching. The facility is located in a corner piece property directly opposite the largest residential estate in Dallas Fort Worth – Texas.

Edo Kitchen® African Restaurant, LLC will be involved in the sale of a wide variety of African inspired delicacies and drinks. We will be involved in operating quick-service restaurants, fast food services, drive-thru and take-out facilities in our chains of African restaurant outlets that will be scattered all across major cities in the United States.

We are aware that there are several African restaurants and other standard restaurants that serve African delicacies scattered all around Dallas Fort Worth – Texas, which is why we spent time and resources to conduct our feasibility studies and market survey so as to offer much more than our competitors will be offering.

We have delivery service options for our customers, and our outlet offers various payment options. Much more than retailing and serving African delicacies and drinks, our customer care will be second to none in the whole of Dallas Fort Worth – Texas.

We know that our customers are the reason why we are in business which is why we will go the extra mile to get them satisfied when they visit our African restaurants. Edo Kitchen® African Restaurant, LLC will ensure that all our customers are given first class treatment whenever they visit our outlets.

We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large our customer base may grow to. We will ensure that we get our customers involved when making some business decisions that will directly affect them.

We are aware of the trend in the restaurant industry especially in the United States and we are not only going to operate a brick and mortar location, but we will also operate online services where our customers can order our meals and get it delivered to their location within Dallas Fort Worth – Texas.

Edo Kitchen® African Restaurant, LLC is a family business that is owned by Mrs. Janet Efosa and her immediate family members. Mrs. Janet Efosa is an African celebrity chef and she has a B.Sc. in Food and Nutrition Science with over 15 years’ experience in the restaurant and fast food industry.

Although the business is launching out with just one outlet in Dallas Fort Worth – Texas, but there is a plan to open other outlets all around Texas and in other key cities in the United States of America.

3. Our Products and Services

Edo Kitchen® African Restaurant, LLC looks forward to deliver excellent services and of course top – notch African delicacies.

Our intention of starting our African restaurant is to favorable compete in the industry and to make profits from the industry and we will do all that is permitted by the law in the United States of America to achieve our business goal. Our product and service offerings are listed below;

Sale of African delicacies such as; African peppered Jollof Rice, Waakye, Pounded Yam, Fufu and goat meat soup, Banku and tilapia, Kenkey and fried fish, Tuo Zaafi, Kelewele, Yam and Garri which are served alongside soups and stews eaten by hand.
Bush meat and palm wine
Sale of Sandwiches
Sale of Chicken and Chips
Sale of beverages, such as water, juice and soda

4. Our Mission and Vision Statement

Our vision is to become the leading African restaurant in Dallas Fort Worth – Texas and to open chains of African restaurants all across major cities in the United States of America.
Our mission is to establish chains of African restaurants that will make available a wide variety of African inspired delicacies and soft drinks at affordable prices to the residents of Dallas Fort Worth – Texas and other cities in the United States of America where we intend opening our restaurants.

Our Business Structure

Our intention of starting an African restaurant is to build a standard business in Dallas Fort Worth – Texas. Although our African restaurant might not be as big as some of the leading brands in the industry, but will ensure that we put the right structures in place that will support the kind of growth that we have in mind.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

Chief Executive Officer (Owner)
Restaurant Manager
Human Resources and Admin Manager
Chef/Kitchen Workers

Sales and Marketing Manager

Information Technologist

Accountants/Cashiers

Waiters/Waitress

Van Drivers/Deliverers

5. Job Roles and Responsibilities

Chief Executive Officer – CEO (Chief Chef):

Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results
Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for fixing prices and signing business deals
Responsible for providing direction for the business
Responsible for signing checks and documents on behalf of the company
Evaluates the success of the organization

Admin and HR Manager

Responsible for overseeing the smooth running of HR and administrative tasks for the organization
Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
Defining job positions for recruitment and managing interviewing process
Carrying out induction for new team members
Responsible for training, evaluation and assessment of employees
Responsible for arranging travel, meetings and appointments
Oversee the smooth running of the daily office activities.

Restaurant Manager:

Responsible for managing the daily activities in the restaurant (kitchen inclusive)
Ensure that the restaurant facility is in tip top shape and conducive enough to welcome customers
Interfaces with third – party providers (vendors)
Reports to the Chief Executive Officer
Attends to Customers complaints and enquiries

Chef/Kitchen Staff

In charge of preparing African inspired delicacies and other delicacies as supervised by the kitchen supervisor
Responsible for carrying out all casual or unskilled jobs in the restaurant
Responsible for packaging food meant for delivery
Handles any other duty as assigned by the restaurant manager or kitchen supervisor
Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
Models demographic information and analyze the volumes of transactional data generated by customer purchases
Identify, prioritize, and reach out to new partners, and business opportunities et al
Identifies development opportunities; follows up on development leads and contacts
Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
Develop, execute and evaluate new plans for expanding increase sales
Document all customer contact and information
Represent the company in strategic meetings
Help increase sales and growth for the company
Manage the organization website
Handles ecommerce aspect of the business
Responsible for installing and maintenance of computer software and hardware for the organization
Manage logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
Manage the organization’s CCTV
Handles any other technological and IT related duties.

Accountant/Cashier:

Responsible for preparing financial reports, budgets, and financial statements for the organization
Provides managements with financial analyses, development budgets, and accounting reports
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensuring compliance with taxation legislation
Handles all financial transactions for the organization
Serves as internal auditor for the organization
Promptly attends to customers in a friendly and professional manner
Ensures that un-occupied tables are always set and ready for customers
Pulls out chairs for customers as they arrive
Handle any other duty as assigned by the restaurant manager

Van Drivers/Food Deliverers:

Delivers customer’s orders promptly
Deliver correspondence for the restaurant
Runs errand for the organization
Responsible for cleaning the restaurant facility at all times
Ensure that toiletries and supplies don’t run out of stock
Cleans both the interior and exterior of the restaurant facility
Handles any other duty as assigned by the restaurant manager.

6. SWOT Analysis

Our intention of starting just one outlet of our African restaurant in Dallas Fort Worth is to test run the business for a period of 3 to 5 years to know if we will invest more money, expand the business and then open other outlets. We are quite aware that there are several African restaurants all over Dallas Fort Worth and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be equipped to confront our threats.

Edo Kitchen® African Restaurant, LLC employed the services of an expert HR and Business Analyst with bias in the fast food line of business to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for Edo Kitchen® African Restaurant, LLC;

Our location, the business model we will be operating on (physical location with an active online presence), varieties of payment options, wide varieties of African inspired delicacies and soft drinks and our excellent customer service culture will definitely count as a strong strength for Edo Kitchen® African Restaurant, LLC.

A major weakness that may count against us is the fact that we are a new African restaurant and we don’t have the financial capacity to compete with multi – million dollar restaurant chains that also serve African inspired delicacies.

Opportunities:

The fact that we are going to be operating our African restaurant in one of the busiest streets in Dallas Fort Worth with a robust African community, provides us with unlimited opportunities to sell our African inspired delicacies to a large number of people.

We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our restaurant; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing/spending power. Another threat that may likely confront us is the arrival of a new African restaurant or a conventional restaurant that serves African inspired delicacies in same location as ours.

7. MARKET ANALYSIS

Market Trends

In this era when the online community is growing rapidly, you would do your business a whole lot of favor if you create your own online presence. One of the easiest ways to get people to see you as an expert in your line of business is to blog constantly about it.

You may also want to leverage on social media platforms like Instagram, Facebook, and Twitter, and others to publicize your African restaurant. You can as well go ahead to open an online portal where people can place orders from your restaurant. You must ensure that your delivery system is efficient if you intend to do well with your online restaurant business.

So also, keeping consumers’ appetites satisfied, players in the restaurant industry (African restaurants inclusive) have created new menu options that capitalize on the increasing awareness of the health risks associated with high – fat diets.

The industry has also thrived by developing products at price points attractive enough to weather the slow recovery, resulting in strong revenue growth. These trends are expected to continue and contribute to revenue growth going forward.

A close watch of the trend in the African restaurants industry shows that the industry has benefited greatly from an increased acceptance of African cuisine in the mainstream American food industry.

In addition, an increasing immigrant population from india coupled with domestic adaptations of African inspired food, such as peppered jollof rice and bush meat, has also aided the rise of the African restaurant industry over the last five years. As a result of these major trends, industry revenue is expected to continue growing going forward.

8. Our Target Market

One thing about African inspired delicacies is that it is not just for Africans and people from African descent; it is for everyone in the United States and tourists as well. As a matter of fact, most African restaurants now have menus designed specifically for vegetarians and others with different food preferences.

In view of that, we have positioned our African restaurant to service residents of Dallas Fort Worth and every other location where our outlets will be located in the United States of America. We have conducted our market research and we have ideas of what our target market will be expecting from us.

We are in business to retail our products to the following groups of people;

African migrants
Event Planners
Vegetarians
Corporate Executives
Business People
Sports Men and Women

Our competitive advantage

A close study of the restaurant industry of which African restaurant is a part of, reveals that the market has become much more intensely competitive over the last decade.

As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry. We are aware of the competition and we are prepared to compete with other African restaurants in Dallas Fort Worth – Texas.

Our restaurant facility is located in a corner piece property on a busy road directly opposite one of the largest residential estates in Dallas Fort Worth Bay Area – Texas with a robust Spanish community. We have enough parking spaces that can accommodate over 20 cars per time.

One thing is certain; we will ensure that we have wide varieties of African inspired delicacies in our menu at all times. It will be difficult for customers to visit our restaurant and not make a purchase. One of our business goals is to make Edo Kitchen® African Restaurant, LLC a one stop African restaurant.

Our excellent customer service culture, online options, various payment options and highly secured facility will serve as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the restaurant industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our objectives.

9. SALES AND MARKETING STRATEGY

Sources of Income

Edo Kitchen® African Restaurant, LLC is in the restaurant industry to maximize profits and we are going to ensure that we achieve or business goals and objectives. In essence, our source of income will be the retailing of the following products at affordable prices/offering the following services;

Sale of African delicacies such as; African peppered Jollof Rice, Waakye, Pounded Yam, Fufu and goat light soup, Banku and tilapia, Kenkey and fried fish, Tuo Zaafi, Kelewele, Yam and Garri which are served alongside soups and stews eaten by hand.
Sale of beverages, such as water, juice and sodas

10. Sales Forecast

One thing is certain when it comes to the restaurant business, if your restaurant is centrally positioned, you will always attract customers cum sales and that will translate to increase in revenue generation for the business.

We are well positioned to take on the available market in Dallas Fort Worth – Texas and we are quite optimistic that we will meet our set target of generating enough income/profits from the first six months of operation and grow the business and our clientele base.

We have been able to examine the African restaurant industry, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Below is the sales projection for Edo Kitchen® African Restaurant, LLC, it is based on the location of our business and other factors as it relates to African restaurant startups in the United States;

First Fiscal Year: $240,000
Second Fiscal Year: $450,000
Third Fiscal Year: $750,000

N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same delicacies as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy

Before choosing a location for Edo Kitchen® African Restaurant, LLC, we conducted a thorough market survey and feasibility studies in order for us to penetrate the available market and become the preferred choice in Dallas Fort Worth.

We hired experts who have good understanding of the restaurant industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Dallas Fort Worth – Texas.

In summary, Edo Kitchen® African Restaurant, LLC will adopt the following sales and marketing approach to win customers over;

Open our African restaurant in a grand style with a party for all
Introduce our African restaurant by sending introductory letters alongside our brochure to corporate organizations, event planners, households and African communities
Ensure that we have wide varieties of African inspired delicacies and soft drinks in our restaurant at all times
Make use of attractive handbills to create awareness and also to give direction to our restaurant
Position our signage/flexi banners at strategic places around Dallas Fort Worth – Texas
Position our greeters to welcome and direct potential customers
Create a loyalty plan that will enable us reward our regular customers
Engage in direct marketing via our sales agents
Engage on roadshows within our neighborhood to create awareness for our restaurant.

11. Publicity and Advertising Strategy

Despite the fact that our African restaurant is well located, we will still go ahead to intensify publicity for the business. Edo Kitchen® African Restaurant, LLC has a long – term plan of opening chains of African restaurant outlets in various locations all around Texas and key cities in the United States, which is why we will deliberately build our brand to be well accepted in Dallas Fort Worth Bay Area before venturing out.

Here are the platforms we intend leveraging on to promote Edo Kitchen® African Restaurant, LLC;

Place adverts on community – based newspapers, radio and TV stations
Encourage the use of word of mouth publicity from our loyal customers
Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Google+ and other platforms to promote our brand.
Ensure that our we position our banners and billboards in strategic positions all around Dallas Fort Worth – Texas
Distribute our fliers and handbills in target areas in and around our neighborhood
Advertise our business in our official website and employ strategies that will help us pull traffic to the site
Brand all our official cars and delivery vans and ensure that all our staff members wear our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

Pricing is one of the key factors that gives leverage to restaurants, it is normal for consumers to go to places where they can purchase food at cheaper price which is why big players in the restaurant industry will continue to attract loads of consumers.

We know we don’t have the capacity to compete with bigger African restaurants, but we will ensure that the prices of all the delicacies that are available in our restaurant are competitive with what is obtainable amongst African restaurants within our level.

Payment Options

At Edo Kitchen® African Restaurant, LLC, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that Edo Kitchen® African Restaurant, LLC will make available to her clients;

Payment with cash
Payment via credit cards/Point of Sale Machines (POS Machines)
Payment via online bank transfer
Payment via check
Payment via mobile money transfer

In view of the above, we have chosen banking platforms that will enable our client make payment for our African inspired delicacies without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

13. Startup Expenditure (Budget)

These are the key areas where we will spend our startup capital;

The total fee for registering the business in the United States of America – $750.
Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $1,300.
Marketing promotion expenses for the grand opening of Edo Kitchen® African Restaurant, LLC in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of – $3,580.
The cost for hiring Business Consultant – $2,500.
Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600.
The cost for construction of a fast food restaurant – $100,000.
Other start-up expenses including stationery ($500) and phone and utility deposits ($2,500).
Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $100,000
The cost for Start-up inventory (food ingredients, drinks and packaging materials et al) – $80,000
Storage hardware (bins, rack, shelves, food case) – $3,720
The cost for counter area equipment (counter top, sink, ice machine, etc.) – $9,500
The cost for store equipment (cash register, security, ventilation, signage) – $13,750
The cost of purchase of distribution vans – $50,000
The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al) – $4,000.
The cost of Launching a Website – $600
The cost for our opening party – $10,000
Miscellaneous – $10,000

We would need about two hundred and fifty thousand dollars ($250,000) to successfully set up our African restaurant in Dallas Fort Worth – Texas.

Generating Fund/Startup Capital for Edo Kitchen® African Restaurant, LLC

Edo Kitchen® African Restaurant, LLC is a family business that is solely owned and financed by Mrs. Janet Efosa and her immediate family members. They do not intend to welcome any external business partner which is why she has decided to restrict the sourcing of the startup capital to 3 major sources.

These are the areas we intend generating our startup capital;

Generate part of the startup capital from personal savings
Source for soft loans from family members and friends
Apply for loan from my Bank

N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and business structure. If all these factors are missing from a business, then it won’t be too long before the business closes shop.

One of our major goals of starting Edo Kitchen® African Restaurant, LLC is to build a business that will survive off its own cash flow without injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to retail our African inspired delicacies and drinks a little bit cheaper than what is obtainable in the market and we are prepared to survive on lower profit margin for a while.

Edo Kitchen® African Restaurant, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

We know that if these are put in place, we will be able to successfully hire and retain the best hands we can get in the industry and they will be more committed to help us build the business of our dreams.

Check List/Milestone

Business Name Availability Check : Completed
Business Registration: Completed
Opening of Corporate Bank Accounts: Completed
Securing Point of Sales (POS) Machines: Completed
Opening Mobile Money Accounts: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Application for business license and permit: Completed
Purchase of Insurance for the Business: Completed
Leasing of facility and remodeling the restaurant: In Progress
Conducting Feasibility Studies: Completed
Generating capital from family members: Completed
Applications for Loan from the bank: In Progress
writing of business plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents and other relevant Legal Documents: In Progress
Design of The Company’s Logo: Completed
Printing of Promotional Materials: In Progress
Recruitment of employees: In Progress
Purchase of furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
Creating Official Website for the Company: In Progress
Creating Awareness for the business both online and around the community: In Progress
Health and Safety and Fire Safety Arrangement (License): Secured
Opening party/launching party planning: In Progress
Compilation of the delicacies that will be available in our menu: Completed
Establishing business relationship with vendors – suppliers of food ingredients and drinks: In Progress

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How To Start Restaurant Business In Nigeria (Buka/Joint)

How profitable is Restaurant business? Food business is highly profitable, I used the word ‘highly’ because saying profitable alone might be an understatement. Food is regarded as the number one basic need of man amongst shelter and clothing. Whether you are fasting or busy you will still eat after all so nobody can escape not eating food.

Because of the rush in life many people cannot spare time to cook, some can’t even create time to go to the market to buy foodstuff not to talk of cooking. For some people it is because of the nature of their job while others it’s because they are damn too lazy.

Buying of already prepared food from buka cuts across all status; married and the unmarried. How about students, ah! let’s not go there we have plenty of them that form aje butter. There are many names given to food business, here are some of the names; restaurant, food vendors, mama put , buka and joint, eatery, canteen. The way it is operated determines the name.

Restaurant business in Nigeria, has been in existence right from time immemorial because of the increase in knowledge and sophistication it has been taken to another level.

Mr. Biggs started with snacks, ice cream and drinks but now they have included village kitchen where they serve local delicacies. Almost all the fast food joints are converting to restaurant. What is trending now is amala joint so you can carve a niche for your restaurant business.

Restaurant business is one business that you can start and grow within a short time. So many people that started as mama put have upgraded. It is very easy to start and grow but not easy to manage, it requires your time, energy, intelligence and the will power.

Things needed to Start Restaurant Business

Utensils ( pots,kettles, frying pan etc)
Cutlery (spoons, forks, knife etc)
Toothpick/container
Containers for spices; ground pepper, garlic, salt etc.
Stove or gas cooker
Fridge/Freezer
Fan/Air conditioner
Television or radio

7 steps to start Restaurant Business in Nigeria

restaurant business plan

It is ideal to situate your restaurant in a visible and populated area. You can establish it in a market place, school environment, motor park, office area especially where many offices are located example banks. Others are commercial centres, institutions etc.

You have to rent or get a shop according to the type of restaurant business you are setting and the capital at your disposal. If it is executive restaurant you can get a big and spacious shop so that you can arrange the chairs in a manner that they won’t be too close to each other.

Have you visited a buka before and you have to squeeze yourself to pass a table to your own, it is what many people frown at. You need a store in your shop where you will be keeping washed equipment and foodstuffs.

There should be a space for washing of utensils and where prepared food are kept for dishing. A canter should be built if your customers will have to place order and pick the foods by themselves.

You have to get reasonable amount of money at hand before commencing your buka and joint business. Sew your cloth according to the size of your cloth, that’s actually an adage that make sense big time.

Start with what you have and grow it or get a loan. Before getting loans write out your restaurant business plan after taking feasibility study in restaurants around your area.. Another way of getting starting capital is to ask friends and family for help.

Even if you are establishing your eatery business for people to manage for you, still you have to get some knowledge on how buka business is done. It will help you know what to expect and what it entails. Go to a restaurant that is viable and get some training or you employ qualified caterer and smartly learn from them.

Employ Good Hands

One of the things that will keep people coming to your restaurant is when you serve delicious meals. Employ at least a caterer to take care of the cooking then employ other hands to help in both the cooking and serving. As I said before restaurant business is very stressful, you can’t do it alone except when you are starting or you have but few targeted audience.

Depending on the size and how busy your restaurant is employ not less than 2 persons for food service. You won’t like to keep people waiting for to long, before serving them food. If you are doing that then you are loosing customers because so many people can’t bear it.

Naturally, people are attracted to good things and nice environment. Set up your buka and joint business in an organise way. The environment should be neat and smell good. You will not want people to be fighting with flies while eating. If possible, sew uniforms for your staff; appron and hair cover.

Cleanliness is said to be next to godliness so take this very serious in your canteen business.

Restaurant business plan

What people succeed in business fast is having a blue print. It will be ideal to write a restaurant business plan so as to be guided in the business idea.

Restaurant business, food business, buka and joint, canteen business, mama put

The Cost of Setting Up Restaurant Business

The cost of setting up a restaurant business depends.on what you have at hand and the size you are looking at. For a small restaurant #500,000 can start the business outside shop and non variable items. But whereby you have to buy everything including freezer then you need about #2,000,000 for a start.

How Profitable is Restaurant Business

It is very lucrative. You can make not less than #50,000 to #100,000 daily on food business. For rice alone you can make more or the same amount you bought it. If you sell variety of foods then you are made. By the time you add other things like the sell of drinks etc. You will count your blessings.

To increase profit, buy food on wholesale.

Foods To Cook

Rice and stew
Jollof rice
Coconut rice
Plantain pottage or fried
Eba and soap
Pounded yam and soup
Semo and soup or stew

Make different delicacies such as amala, ekpang nkukwo, edikang ikong soup, white soup, ohia soup, gbegiri, miea nkuker, twoo etc. Sell othervthings like assorted drinks, snacks , water, boiled eggs, fried meat, chicken and so on.

Food doesn’t really need much advert, a good food will advertise itself. People that have tasted and enjoyed your food will direct others to your shop.

You can advertise on social media such as Facebook, Instagram etc if you want to capture a wider audience.

Add f ood delivery business to your buka and joint because people that can’t go out especially bankers now order for home delivery.

Start your restaurant business today don’t wait until you have plenty money. You can start from your home then upgrade as you expand.

The things that will make your business outstanding and draw more customers to you are:

Good customer care
Availability
Serve hot food

People should not come and be waiting for food to be ready. Wake up on time and cook the foods. You and your staff should be friendly to customers, people love such places. The price should be moderate so that you can capture plenty customers. The more the customers the more money you make.

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Buka and Joint
Food vendor
restaurant business in Nigeria

15 COMMENTS

Thank u so much for your lecture I really want to know what time can one get up to cook and meet up before customers will start coming to the shop

SOME PEOPLE WAKE UP AS EARLY AS 3AM, YOU SHOULD WAKE AT LEAST NOT LATER THAN 5AM

Thanks very much for this information. I am framing of owning an hotel in the future, but I will be starting with a restaurant first. I find this information handy.

Nice idea, I work in a kitchen in a hotel,and am telling you the profit is huge, my boss pays the hotel 4 million monthly and still makes her own good profit, I have the knowledge of how it’s been run and am planning on starting up my own restaurant soon

Thanks @Stephane for this assertion. Please do, kind regards

Thank you for your lectures I really learn alot , but how much do I really need to start up a small mama put restaurant

outside shop 200k and above

THANKS SO MUCH FOR D LECTURES I REALLY LRARNT ALOT, AM ABOUT TO START A CANTEEN HAVE GOTTING A SHOP JUST TO SET IT UP NOW I WISH MY SELF BEST OF LUCK

I am happy for you dear and wish you the best. Congratulations Don’t forget to tell us your success story so others can be encouraged

Wow this is great like seriously I have always been dreaming to own a very good restaurant but am just scared and don’t know how to go about it as it is my first step to take but with this mother LLY or moderated pice of advice am their already so thank you so much ma God Bless you 🙏

Thanks so much is very helpful

You are welcome Loveth

yes ma , i am framing of having a commercial restaurance and even get license and permit from the government. so my question is that like how much will be enough to start the large scale business?

It deepens on the scale, 1million is a good start

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How to write a business plan for an african restaurant?

Writing a business plan for an african restaurant can be an intimidating task, especially for those just starting.

This in-depth guide is designed to help entrepreneurs like you understand how to create a comprehensive business plan so that you can approach the exercise with method and confidence.

We'll cover: why writing an african restaurant business plan is so important - both when starting up, and when running and growing the business - what information you need to include in your plan, how it should be structured, and what tools you can use to get the job done efficiently.

Let's get started!

In this guide:

Why write a business plan for an african restaurant?

What information is needed to create a business plan for an african restaurant?
What goes in the financial forecast for an african restaurant?
What goes in the written part of an african restaurant business plan?
What tool can I use to write my african restaurant business plan?

Understanding the document's scope and goals will help you easily grasp its structure and content. Before diving into the specifics of the plan, let's take a moment to explore the key reasons why having an african restaurant business plan is so crucial.

To have a clear roadmap to grow the business

Small businesses rarely experience a constant and predictable environment. Economic cycles go up and down, while the business landscape is mutating constantly with new regulations, technologies, competitors, and consumer behaviours emerging when we least expect it.

In this dynamic context, it's essential to have a clear roadmap for your african restaurant. Otherwise, you are navigating in the dark which is dangerous given that - as a business owner - your capital is at risk.

That's why crafting a well-thought-out business plan is crucial to ensure the long-term success and sustainability of your venture.

To create an effective business plan, you'll need to take a step-by-step approach. First, you'll have to assess your current position (if you're already in business), and then identify where you'd like your african restaurant to be in the next three to five years.

Once you have a clear destination for your african restaurant, you'll focus on three key areas:

Resources: you'll determine the human, equipment, and capital resources needed to reach your goals successfully.
Speed: you'll establish the optimal pace at which your business needs to grow if it is to meet its objectives within the desired timeframe.
Risks: you'll identify and address potential risks you might encounter along the way.

By going through this process regularly, you'll be able to make informed decisions about resource allocation, paving the way for the long-term success of your business.

To anticipate future cash flows

Regularly comparing your actual financial performance to the projections in the financial forecast of your african restaurant's business plan gives you the ability to monitor your business's financial health and make necessary adjustments as needed.

This practice allows you to detect potential financial issues, such as unexpected cash shortfalls before they escalate into major problems. Giving you time to find additional financing or put in place corrective measures.

Additionally, it helps you identify growth opportunities, like excess cash flow that could be allocated to launch new products and services or expand into new markets.

Staying on track with these regular comparisons enables you to make well-informed decisions about the amount of financing your business might require, or the excess cash flow you can expect to generate from your main business activities.

To secure financing

A detailed business plan becomes a crucial tool when seeking financing from banks or investors for your african restaurant.

Investing and lending to small businesses are very risky activities given how fragile they are. Therefore, financiers have to take extra precautions before putting their capital at risk.

At a minimum, financiers will want to ensure that you have a clear roadmap and a solid understanding of your future cash flows (like we just explained above). But they will also want to ensure that your business plan fits the risk/reward profile they seek.

This will off-course vary from bank to bank and investor to investor, but as a rule of thumb. Banks will want to see a conservative financial management style (low risk), and they will use the information in your business plan to assess your borrowing capacity — the level of debt they think your business can comfortably handle — and your ability to repay the loan. This evaluation will determine whether they'll provide credit to your african restaurant and the terms of the agreement.

Whereas investors will carefully analyze your business plan to gauge the potential return on their investment. Their focus lies on evidence indicating your african restaurant's potential for high growth, profitability, and consistent cash flow generation over time.

Now that you recognize the importance of creating a business plan for your african restaurant, let's explore what information is required to create a compelling plan.

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Information needed to create a business plan for an african restaurant

Drafting an african restaurant business plan requires research so that you can project sales, investments and cost accurately in your financial forecast, and convince the reader that there is a viable commercial opportunity to be seized.

Below, we'll focus on three critical pieces of information you should gather before starting to write your plan.

Carrying out market research for an african restaurant

Carrying out market research before writing a business plan for an african restaurant is essential to ensure that the financial projections are accurate and realistic.

Market research helps you gain insight into your target customer base, competitors, pricing strategies and other key factors which can have an impact on the commercial success of your business.

In particular, it is useful in forecasting revenue as it provides valuable data regarding potential customers’ spending habits and preferences.

Your market research may reveal that there could be a trend towards more plant-based dishes in the African restaurant market. Additionally, your research may suggest that diners may be increasingly interested in trying regional African dishes from different parts of the continent.

This information can then be used to create more accurate financial projections which will help investors make informed decisions about investing in your african restaurant.

Developing the sales and marketing plan for an african restaurant

As you embark on creating your african restaurant business plan, it is crucial to budget sales and marketing expenses beforehand.

A well-defined sales and marketing plan should include precise projections of the actions required to acquire and retain customers. It will also outline the necessary workforce to execute these initiatives and the budget required for promotions, advertising, and other marketing efforts.

This approach ensures that the appropriate amount of resources is allocated to these activities, aligning with the sales and growth objectives outlined in your business plan.

The staffing and capital expenditure requirements of an african restaurant

Whether you are starting or expanding an african restaurant, it is important to have a clear plan for recruitment and capital expenditures (investment in equipment and real estate) in order to ensure the success of the business.

Both the recruitment and investment plans need to be coherent with the timing and level of growth planned in your forecast, and require appropriate funding.

Staffing costs for an African restaurant might include wages for cooks, wait staff, dishwashers, and cleaners, as well as any additional staff if needed. Equipment costs may include items such as commercial kitchen appliances, tables, chairs, utensils, and other necessary items. Additionally, the restaurant may need to purchase food ingredients such as meats, vegetables, spices, and other items specific to African cuisine.

In order to create a realistic financial forecast, you will also need to consider the other operating expenses associated with running the business on a day-to-day basis (insurance, bookkeeping, etc.).

Once you have all the necessary information to create a business plan for your african restaurant, it is time to start creating your financial forecast.

What goes into your african restaurant's financial forecast?

The financial forecast of your african restaurant's business plan will enable you to assess the growth, profitability, funding requirements, and cash generation potential of your business in the coming years.

The four key outputs of a financial forecast for a african restaurant are:

The profit and loss (P&L) statement ,
The projected balance sheet ,
The cash flow forecast ,
And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

The projected P&L statement for an african restaurant shows how much revenue and profits your business is expected to generate in the future.

projected profit and loss statement example in a african restaurant business plan

Ideally, your african restaurant's P&L statement should show:

Healthy growth - above inflation level
Improving or stable profit margins
Positive net profit

Expectations will vary based on the stage of your business. A startup will be expected to grow faster than an established african restaurant. And similarly, an established company should showcase a higher level of profitability than a new venture.

The forecasted balance sheet of your african restaurant

The projected balance sheet of your african restaurant will enable the reader of your business plan to assess the overall financial health of your business.

It shows three elements: assets, liabilities and equity:

Assets: are productive resources owned by the business, such as equipment, cash, and accounts receivable (money owed by clients).
Liabilities: are debts owed to creditors, lenders, and other entities, such as accounts payable (money owed to suppliers).
Equity: includes the sums invested by the shareholders or business owners and the profits and losses accumulated by the business to date (which are called retained earnings). It is a proxy for the value of the owner's stake in the business.

projected balance sheet in a african restaurant business plan example

Analysing your african restaurant projected balance sheet provides an understanding of your african restaurant's working capital structure, investment and financing policies.

In particular, the readers of your plan can compare the level of financial debt on the balance sheet to the equity value to measure the level of financial risk (equity doesn't need to be reimbursed, while financial debt must be repaid, making it riskier).

They can also use your balance sheet to assess your african restaurant's liquidity and solvency:

A liquidity analysis: focuses on whether or not your business has sufficient cash and short-term assets to cover its liabilities due in the next 12 months.
A solvency analysis: takes and longer view to assess whether or not your business has the capacity to repay its debts over the medium-term.

The cash flow forecast

A projected cash flow statement for an african restaurant is used to show how much cash the business is generating or consuming.

cash flow forecast in a african restaurant business plan example

The cash flow forecast is usually organized by nature to show three key metrics:

The operating cash flow: do the core business activities generate or consume cash?
The investing cash flow: how much is the business investing in long-term assets (this is usually compared to the level of fixed assets on the balance sheet to assess whether the business is regularly maintaining and renewing its equipment)?
The financing cash flow: is the business raising new financing or repaying financiers (debt repayment, dividends)?

As we discussed earlier, cash is king and keeping an eye on future cash flows an imperative for running a successful business. Therefore, you can expect the reader of your african restaurant business plan to pay close attention to your cash flow forecast.

Also, note that it is customary to provide both yearly and monthly cash flow forecasts in a business plan - so that the reader can analyze seasonal variation and ensure the african restaurant is appropriately funded.

The initial financing plan

The sources and uses table or initial financing plan is a key component of your business plan when starting an african restaurant.

It shows where the capital needed to set up the business will come from (sources) and how it will be spent (uses).

sources and uses table in a african restaurant business plan

This table helps size the investment required to set up the african restaurant, and understand how risks will be distributed between the business owners, and the financiers.

The sources and uses table also highlights what the starting cash position will be. This is key for startups as the business needs to have sufficient funding to sustain operations until the break-even point is reached.

Now that you have a clear understanding of what will go into the financial forecast of your african restaurant business plan, let's have a look at the written part of the plan.

The written part of an african restaurant business plan

The written part of an african restaurant business plan plays a key role: it lays out the plan of action you intend to execute to seize the commercial opportunity you've identified on the market and provides the context needed for the reader to decide if they believe your plan to be achievable and your financial forecast to be realistic.

The written part of an african restaurant business plan is composed of 7 main sections:

The executive summary
The presentation of the company
The products and services
The market analysis
The strategy
The operations
The financial plan

Let's go through the content of each section in more detail!

1. The executive summary

In your african restaurant's business plan, the first section is the executive summary — a captivating overview of your plan that aims to pique the reader's interest and leave them eager to learn more about your business.

When crafting the executive summary, start with an introduction to your business, including its name, concept, location, how long it has been running, and what sets it apart. Briefly mention the products and services you plan to offer and your target customer profile.

Following that, provide an overview of the addressable market for your african restaurant, current trends, and potential growth opportunities.

Next, include a summary of key financial figures like projected revenues, profits, and cash flows.

Finally, in the "ask" section, detail any funding requirements you may have.

2. The presentation of the company

In your african restaurant business plan, the second section should focus on the structure and ownership, location, and management team of your company.

In the structure and ownership part, you'll provide an overview of the business's legal structure, details about the owners, and their respective investments and ownership shares. This clarity is crucial, especially if you're seeking financing, as it helps the reader understand which legal entity will receive the funds and who controls the business.

Moving on to the location part, you'll offer an overview of the company's premises and their surroundings. Explain why this particular location is of interest, highlighting factors like catchment area, accessibility, and nearby amenities.

When describing the location of your african restaurant, you may want to focus on the area's potential for growth. You could emphasize that the restaurant is situated in a vibrant and diverse community, with a strong customer base that may be able to support continued success. You could also emphasize the potential for increased foot traffic due to the close proximity to other businesses, and the potential for increased visibility and access. Additionally, you may want to emphasize the area's access to public transportation and other forms of transportation, which could make it easier for customers to reach the restaurant.

Finally, you should introduce your management team. Describe each member's role, background, and experience.

Don't forget to emphasize any past successes achieved by the management team and how long they've been working together. Demonstrating their track record and teamwork will help potential lenders or investors gain confidence in their leadership and ability to execute the business plan.

3. The products and services section

The products and services section of your business plan should include a detailed description of the offerings that your company provides to its customers.

For example, your African restaurant may offer a variety of dishes featuring traditional African ingredients and flavors for customers to experience. You may provide a catering service to those who are looking to host events like weddings or parties. You may also offer a take-out service for those who want to enjoy your food in the comfort of their own home. Ultimately, you aim to provide a truly authentic African culinary experience to your customers.

When drafting this section, you should be precise about the categories of products or services you sell, the types of customers you are targeting and how customers can buy them.

4. The market analysis

When presenting your market analysis in your african restaurant business plan, you should detail the customers' demographics and segmentation, target market, competition, barriers to entry, and any regulations that may apply.

The goal of this section is to help the reader understand how big and attractive your market is, and demonstrate that you have a solid understanding of the industry.

You should start with the demographics and segmentation subsection, which gives an overview of the addressable market for your african restaurant, the main trends in the marketplace, and introduces the different customer segments and their preferences in terms of purchasing habits and budgets.

The target market section should follow and zoom on the customer segments your african restaurant is targeting, and explain how your products and services meet the specific needs of these customers.

For example, your target market might include African expatriates living in your region who miss the flavors of their native cuisine. They are already familiar with the dishes, and will appreciate the authenticity of your restaurant. Additionally, those who are curious about African cuisine and have a desire to try it for the first time may be drawn to your restaurant, as they will have the opportunity to explore an unfamiliar culinary culture.

Then comes the competition subsection, where you should introduce your main competitors and explain what differentiates you from them.

Finally, you should finish your market analysis by giving an overview of the main regulations applicable to your african restaurant.

5. The strategy section

When you write the strategy section of your african restaurant business plan, remember to cover key elements such as your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

In the competitive edge subsection, elaborate on what makes your company stand out from competitors. This becomes especially important if you're a startup, aiming to carve a place for yourself amidst established players in the marketplace.

The pricing strategy subsection should demonstrate how you plan to maintain profitability while offering competitive prices to attract customers.

Outline your sales & marketing plan, detailing how you'll reach out to new customers and retain existing ones through loyalty programs or special offers.

For the milestones subsection, outline your company's achievements to date and your main objectives for the future, complete with specific dates to set clear expectations for progress.

Lastly, the risks and mitigants subsection should address the main risks that could affect your plan's execution. Explain the measures you've put in place to minimize these risks, assuring potential investors or lenders.

Your African restaurant faces a variety of risks. For example, you could face competition from other restaurants in the area. Customers may be drawn away from your restaurant to other restaurants with different types of cuisine. Additionally, your restaurant could be affected by fluctuations in the local economy. If there is an economic downturn, customers might not have as much disposable income to spend at your restaurant. Therefore, it is important to be aware of these risks and take steps to mitigate them.

6. The operations section

The operations of your african restaurant must be presented in detail in your business plan.

The first thing you should cover in this section is your staffing team, the main roles, and the overall recruitment plan to support the growth expected in your business plan. You should also outline the qualifications and experience necessary to fulfil each role, and how you intend to recruit (using job boards, referrals, or headhunters).

You should then state the operating hours of your african restaurant - so that the reader can check the adequacy of your staffing levels - and any plans for varying opening times during peak season. Additionally, the plan should include details on how you will handle customer queries outside of normal operating hours.

The next part of this section should focus on the key assets and IP required to operate your business. If you depend on any licenses or trademarks, physical structures (equipment or property) or lease agreements, these should all go in there.

You could have key assets such as recipes or secrets that make the restaurant's dishes unique, or proprietary kitchen equipment that may enhance the flavors and textures of the food. The restaurant might also have Intellectual Property (IP) such as the restaurant's name, logo, or a trademark for a signature dish.

Finally, you should include a list of suppliers that you plan to work with and a breakdown of their services and main commercial terms (price, payment terms, contract duration, etc.). Investors are always keen to know if there is a particular reason why you have chosen to work with a specific supplier (higher-quality products or past relationships for example).

7. The presentation of the financial plan

The financial plan section is where we will include the financial forecast we discussed earlier in this guide.

Now that you have a clear idea of what goes into an african restaurant business plan, let's look at some of the tools you can use to create yours efficiently.

What tool should I use to write my african restaurant's business plan?

There are two main ways of creating your african restaurant business plan:

Using specialized business planning software,
Hiring a business plan writer.

Using an online business plan software for your african restaurant's business plan

Using online business planning software is the most efficient and modern way to write an african restaurant business plan.

There are several advantages to using specialized software:

You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
You are guided through the writing process by detailed instructions and examples for each part of the plan
You can access a library of dozens of complete business plan samples and templates for inspiration
You get a professional business plan, formatted and ready to be sent to your bank or investors
You can easily track your actual financial performance against your financial forecast
You can create scenarios to stress test your forecast's main assumptions
You can easily update your forecast as time goes by to maintain visibility on future cash flows
You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

Hiring a business plan writer to write your african restaurant's business plan

Outsourcing your african restaurant business plan to a business plan writer can also be a viable option.

Business plan writers are skilled in creating error-free business plans and accurate financial forecasts. Moreover, hiring a consultant can save you valuable time, allowing you to focus on day-to-day business operations.

However, it's essential to be aware that hiring business plan writers will be expensive, as you're not only paying for their time but also the software they use and their profit margin.

Based on experience, you should budget at least £1.5k ($2.0k) excluding tax for a comprehensive business plan, and more if you require changes after initial discussions with lenders or investors.

Also, exercise caution when seeking investment. Investors prefer their funds to be directed towards business growth rather than spent on consulting fees. Therefore, the amount you spend on business plan writing services and other consulting services should be insignificant compared to the amount raised.

Keep in mind that one drawback is that you usually don't own the business plan itself; you only receive the output, while the actual document is saved in the consultant's business planning software. This can make it challenging to update the document without retaining the consultant's services.

For these reasons, carefully consider outsourcing your african restaurant business plan to a business plan writer, weighing the advantages and disadvantages of seeking outside assistance.

Why not create your african restaurant's business plan using Word or Excel?

Using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write an african restaurant business plan is a terrible idea.

For starters, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is very technical and requires both a strong grasp of accounting principles and solid skills in financial modelling.

As a result, it is unlikely anyone will trust your numbers unless - like us at The Business Plan Shop - you hold a degree in finance and accounting and have significant financial modelling experience in your past.

The second reason is that it is inefficient. Building forecasts on spreadsheets was the only option in the 1990s and early 2000s, nowadays technology has advanced and software can do it much faster and much more accurately.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Also, using software makes it easy to compare actuals vs. forecasts and maintain our forecasts up to date to maintain visibility on future cash flows - as we discussed earlier in this guide - whereas this is a pain to do with a spreadsheet.

That's for the forecast, but what about the written part of my african restaurant business plan?

This part is less error-prone, but here also software brings tremendous gains in productivity:

Word processors don't include instructions and examples for each part of your business plan
Word processors don't update your numbers automatically when they change in your forecast
Word processors don't handle the formatting for you

Overall, while Word or Excel may be viable options for creating an african restaurant business plan for some entrepreneurs, it is by far not the best or most efficient solution.

Using business plan software is a modern and cost-effective way of writing and maintaining business plans.
A business plan is not a one-shot exercise as maintaining it current is the only way to keep visibility on your future cash flows.
A business plan has 2 main parts: a financial forecast outlining the funding requirements of your african restaurant and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.

We hope that this in-depth guide met your expectations and that you now have a clear understanding of how to write your african restaurant business plan. Do not hesitate to contact our friendly team if you have questions additional questions we haven't addressed here.

Also on The Business Plan Shop

How to write a business plan to secure a bank loan?
Market analysis in a business plan
How investors and lenders look at business plans
How to write an executive summary for a business plan
Key steps to write a business plan?
Top mistakes to avoid in your business plan

Do you know entrepreneurs interested in starting or growing an african restaurant? Share this article with them!

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

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Business Plan

Healthy Restaurant Business Plan in Nigeria

Our Healthy Restaurant Business Plan in Nigeria is well documented and can also be used for, but not limited to:

Grant Applications,
Bank Loans,
Proposal writing,
Business Concept Note,
Competitions e.t.c

Purpose of the Healthy Restaurant Business Plan in Nigeria

Benefits of the healthy restaurant business plan in nigeria.

The Healthy Restaurant Business Plan in Nigeria is beneficial because

It helps in outlining the steps needed to achieve the business goals and ideas.
It helps to articulate strategy to stakeholders who support the business.

Importance of the Healthy Restaurant Business Plan in Nigeria

The Healthy Restaurant Business Plan in Nigeria is important because

It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business.
It will additionally gives distinctive statistics on all components of the business, outlining the business desires and the steps required to achieve them.

Content of the Healthy Restaurant Business Plan in Nigeria

Executive Summary
Introduction
Business Description
Keys to Success
Products and Services
Market Analysis
Our Target Market
Pricing Strategy
Competitor Analysis
Sales and Marketing Plan
SWOT Analysis
PEST Analysis
Operational Plan
Management plan
Financial Plan and Projections
Financial Diagnostics

Download The Complete Healthy Restaurant Business Plan in Nigeria

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Restaurant (Fast Food)

In our current dispensation, the restaurant business is one of the surest business ventures, which is as a result of the fast growth occurring in the food industry generally. But however attractive it may seem, a great amount of care and caution needs to be applied in starting a restaurant business, because good things always don’t come easy you need a restaurant business plan.

Table of content

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Executive Summary

Business Description

Products and services Market Analysis Competitor Analysis Sales and Marketing Plan

Operational Plan Management plan

Financial Plan and Projections

Hurry now, GET YOUR FAST FOOD RESTAURANT BUSINESS PLAN PDF/Word. To place an order, pay N10,000 to

GTBank (Guaranty Trust Bank) Account Name – Chudi-Oji Chukwuka Account No – 0044157183

After paying, send your email and payment details to 08060565721.

Nevertheless, with this article, you can be sure of starting a restaurant business that of will give you a good run for your money.

Below is a step by step guide to starting your own restaurant business .

Starting a restaurant

Have the right mindset. An undeniable fact about the restaurant business is that it is more of a service business than product based business satisfying customers is your utmost priority and ultimate task.

Dealing with humans can be very challenging and demanding and this is a crucial part of the business, so you must be adequately prepared to take up this duty. If you really want to make it in this business, this is a hurdle you have to jump inorder to be successful.

Get as much information/knowledge as possible about the food industry. The saying that Knowledge is power is true, even in business. And having the knowedge 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.

Make out a business plan for your restaurant business . As the saying goes, failing to plan is planning to fail, therefore to obtain success, in the restaurant business, you need a practical plan that you can consult from time to time.

And of course, to get your investors to give you ago signal, the plan you will present must be logical, practical and realistic. However, you cannot create an excellent professional proposal without knowing the components of a restaurant business plan first.

YOUR BACKGROUND

In order for your BUSINESS PLAN to be convincing enough to it’s readers or investors, your professional experience has to be included, which is necessary because it goes a long way in determining whether you can be trusted in the business or not.

What skills do you possess? Who are your team mates? What experience do you have in the food industry? If you got an excellent background related to restaurants, you might get lucky.\

This your business plan also has to do with the overall goal of your restaurant; a description of your target and pincing. Then the last but not the least is your advertising and marketing plan.

Start with the big three. The big 3 includes, a great location, a great chef and a great concept.

No restaurant can succeed without a the big three mentioned alone. Accessibility is very important, because the more accessible your restaurant is, the more success you stand to achieve. Speaking of concept, you also have to select your food concept and your service style, as they are what will distinguish you, make you unique and place your business in demand.

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.

ALTERNATIVE PROSPECT LOCATION

On the other hand, it is also adviced to have more than one location in view when starting a restaurant business. This will help you cross clock the advantages and disadvantages of each location and help you avoid carrying all your eggs in one basket, after all one can never be too smart.

However, you must not forget to include a photo and a brief description on every location you take account of in your proposal. In addition, you must also take not of the things you believe that will contribute to the success of the restaurant you will build.

Draft the restaurant menu Of course you have to remember to write down the menu of your restaurant, while writing your business plan. It is recommended that you should create a menu that you can surely serve once you launch your business.

In addition, the menu should include the special dishes you chefs and kitchen personnel can provide to your potential consumer. Together with the specialty dishes, you must include some national or local dishes in your menu to attract customers immediately.

Now, you must have if in mind that the menu of restaurant can either make or man the restaurant. The menu of a restaurant should be in line with the overall concept of the restaurant. After creating your restaurant menu, revisit, your restaurant business plan to make sure the menu is attractive to your business plan.

Have a list of Restaurant Suppliers. When developing your restaurant business plan, a list of ingredient or food suppliers must be added. You must compile the name and location of those suppliers together with the prices of their supplies, and discounts that they can offer. On the hand, you can include the potential supplier of your restaurant’s furniture sets and equipment on the list.

8. Do your financial estimates and projections

You must never forget to include the project of the possible profit of your venture. In your estimates, you must state the operation cost, anticipated income and overhead costs that your restaurant will have quarterly in the next five years. Moreover, it is advisable that you use line charts to display your data, for your audience to have a clear view of your projection.

9. Raise the needed capital for the Restaurant Business .

In the course of writing your restaurant business plan, you will notice how much you will be needing to start up your restaurant business. If you are not really sure of the cost of selfing up a restaurant business, It is suggested that you visit other restaurant owners.

Talking to them can help you project your expected start – up cost. There are so many ways restauranteurs raise capitals to start up their restaurant business. It can be either by liquidating assets or using them for loans, taking advantage of government programs that concerns small business owners, etc.

10. Employ people.

Lack of qualified or experienced work personnel is one of the greatest challenge restaurants face. When advertising for employees, make sure your advert clearly states the exact character, qualities or skills you are cooking for in an employee. Don’t make do with anyone who just shows up.

This strategy will help you to get and retain qualified employee. Specifically state the job duties and responsibilities of an employee when caring out your adverts. Also, try to find out what other restaurant are paying their employees.

10 CREATIVE IDEAS FOR MARKETING A RESTAURANT BUSINESS .

As technology, and trends varies and changes, your marketing tactics should adapt to it too, otherwise you’ ll be left behind. While many of the traditional techniques still stick true today, new strategies, like environmental and internet marketing are coming up as key components of any successful restaurant marketing campaign.

So without wasting time, below are the top ten ideas or tips for marketing your restaurant business.

However, I want you to bear in mind that preparing a marketing plan for your restaurant is important to the successful execution and of implementation of your marketing strategies.

Get good press publicity Develop a website to promote your restaurant Re – design your restaurant menu Implement frequency marketing Host events Try up – selling your customers Market your take-out and delivery services Commit to going green. Promote your restaurant through email. Dress your employees in smart uniforms. Get testimonials from your loyal customers. Start a Google Adword Campaign Promote your business on social media Network with other restauranteurs and customers. Involve customers in a competition. For more marketing ideas and tactics, it is recommended that you check out the more in depth. Creative marketing ideas for your restaurant. But have that the back of your mind, that just reading this article will have no effect in your business, implementation will make the big difference and improve your restaurant business.

10 CHALLENGES OF RUNNING A RESTAURANT BUSINESS .

If you are thinking of owning a restaurant, there are quite a number of challenges and obstacle that you have to overcome before you can be a successful restauranteur. Those who are already into the business know that it requires a lot of hard work and commitment to get a restaurant up and running smoothly.

So as a novice venturing into the food industry, you have to be conversant with the challenges to expect and also how to avoid them or counter them. So without beating about the bush: below are ten challenges of running a successful restaurant business.

Hiring good employees for your restaurant business . One of the challenges of managing a restaurant business successfully is wiring capable and dedicated staff. As expected to employ skilled and experienced staffs, especially in the area of cooks and servicers, because employees have a great capability to either make or mar your business.

When employing a server, you have to go for individuals that are not highly tempermental, an individual who is always smiling, because first impression really matters. The appearance of a server mattes a lot because they send a message to the customer. Now how do you know a person with good character? The answer is quite simple: put them to test.

Retaining skilled staff The next challenge most businesses face is retaining skilled and experienced staff. Skilled and experienced workers are great assets to any business venture. When a staff works must have grown in skill and job experience.

Now when that individual leaves, the experience gained over the years is not left behind. Thereby, learing a huge vacuum in your firm. Well, it is not their fault. Big companies are always in the habit of poaching experience staff from smaller companies.

Therefore as a restaurant owner, you are expected to offer certain benefits to your staffs to keep them loyal to time, health insurance etc.

Cost control When it concerns running a restaurant business, you need to maintain an eagle eye on your cost and finances because your expenses can skyrocket without warning: as prince of food stuffs change constantly. To be not just in good restauranteur but a good business person, you must learn to control costs. This implies you have to be wise in spending with money and time.

To achieve effective cost control, you have to ensure that you examine every business related expenses and look for how you can sure. Avoid waste in the kitchen, avoid serving spiled food or pour preparation of food, etc because these things bring about unnecessary cost and reduced earnings.

Lack of experienced employees in your restaurant Employees in the quick service restaurant business are often young and mostly inexperienced. When you hire a new employee. Not only does the employee need to learn all about the restaurant skills, but also needs to adapt to a restaurant work environment in general. Hence, it is your duty to give sufficient time, energy and orientation to the employee and this cost money, time, effort and resources.

Maintaining good customer service It takes the need for food to bring customers into you restaurant, but it takes good food and excellent customer service to keep them coming back at all times. How you deal with your customers complaints and how you appreciate your customers matters a lot. If you want to build a good clientele in your restaurant, then you must ensure you create a very good customer service and be prepared to handle bad or rude customers effectively.

Competition The food industry is strictly regulated and saturated. It is more of the survival for the fittest as there must be other restaurants that exist in the same location where your own restaurant is located. So it is always important that you maintain strong, distinguishing characteristics that will separate your restaurant from every other restaurant within your area.

Maintaining a strong management team in your restaurant business Management is a very crucial ingredient in a restaurant’s success. Constant change in management can lead to change in vision and leadership method and this can lead to disorientation of employees. Having a committed, experienced and passionate manager will go a long way to bring success to your restaurant.

Risk management in Restaurant Business Most good things don’t come easily and the same applies with restaurant business. running a restaurant has to do with dealing with all sorts of potential hazards, sterting from miner employee tranining issues to major liabilities. Even little problems can be of disastrous financial repercussion. Risks can be managed by incorporating safety procedures into all operational tasks and processes, as well as by security your establishment with insurance against injuries, damages and accidents.

Constant menu change in Restaurant Business . If you want to run a restaurant, you have to always be on board with constant menu change. As a restauranteur, you have to take a periodic review of which items are selling very well and which aren’t ; and always update your menu with new, afterall variety is the spice of life. This can pose quite a challenge especially when your business is still young and you lacks adequate manpower.

Marketing in Restaurant Business The last but not the least challenge is marketing your restarant business. Marketing is always a challenge to every business and not just the restaurant business alone. The way your business is marketed and the style and strategy employed will greatly determine the number of customers you will get and how popular your restaurant will be. Internet marketing is the most easier way of marketing. You can get a good web designer to design your business online.

Hurry now, GET YOUR FAST FOOD RESTAURANT BUSINESS PLAN. To place an order, pay N10,000 to

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How To Write A Business Plan In Nigeria (Free Samples And Templates)

This post concludes is the last of the series on “How to write a business plan” . The major challenge when it comes to writing a business plan is knowing where to start from. This most business owners and entrepreneurs don’t always get right. Looking through existing business plan templates gives a clear picture of what your business plan should look like.

This post contains a long list of free sample business plan templates that will give you the easy start you really need to write your own business plan.

1. Catering Business Plan

If you love to cook and are thinking about starting a business, combine the two and start a small catering business. But how do you start a small catering business? It’s by having a great business plan detailing every aspect of the business before you get started.

2. Event Planning Business Plan

Starting a catering business in Nigeria is a lucrative business with very good returns, with thousands of events and parties happening every weekend across the country. Event planning business requires a combination of education if necessary, an experience and excellent networking.

Also Read: How to Write a Business Proposal for Clients in Nigeria.

3. Hair & Beauty Salon Business Plan

Salon Business is one of the best and lucrative business in Nigeria right now because it does not cost much and requires little capital to start. Either a barbing salon or beauty salon for women pay a lot because it requires no college degree to start one but skill.

4. Day Care & Child Care Business Plan

Many Nigerian mothers are working at paid jobs or running their own small businesses which consume most of their time. As a result of this trend, there is a growing opportunity for convenience services like child and day care center businesses.

5. Driving School Business Plan

Are you an expert driver? Can you successfully teach others how to drive? If yes, you may be qualified to start a car driving school. There is a great opportunity in this business because most Nigerian are looking forward to owning their own cars. School leavers are also eager to learn how to drive.

6. Agriculture Farm Business Plan

Nigeria is blessed with a favorable soil and climatic condition that can accommodate crops such as onion, carrot, cocoa yam, pear, potatoes, okra, vegetables, beans and so much more. Starting an agriculture farm business is a profitable business opportunity with so much market to serve.

7. Feed and Farm Supply Business Plan

The feed farm production industry has been largely promoted as one of the most profitable agribusinesses to venture into. Africa, especially Nigeria, has a major impact on the worldwide production and distribution of livestock feed.

Also Read: [PART 1] How to write a business plan – Tips when writing your business plan.

8. Fitness Gym Business Plan

Health they say is wealth; the need for health is the need of all both young and old, both for the rich and the poor alike. Would you like to invest in the fitness business, or are you thinking of a business to invest in? You should consider this business option.

9.Pharmacy Business Plan

Pharmacy or drug store business, whether we like or not, has become an integral part of the Nigerian economy today. In a nutshell, drugstores are described as retail establishments that market drugs, be it prescription-based, proprietary, or nonprescription medicine.

10. Fast Food Restaurant Business Plan

The fast-food business in Nigeria is a very profitable business. Food is something we cannot do without even if it’s once a day. The growing population of Nigeria with over 180 million people is also a high contributing factor to the profitability of fast food business in Nigeria. Amidst the current global crisis, one line of business in Nigeria that continues to promise greater returns on investment is the fast food business.

11. Bakery Business Plan

The consumption of bread and other bakery products such as biscuits, chin-chin, gala and meat pie among others, has created a huge market for the wheat flour industry. This sector has provided a lot of opportunities while more opportunities are still open for interested investors that are willing to invest some cash.

12. Internet Cafe Business Plan

The demand for internet cafe services in Nigeria is high especially in business enabled environments like tertiary institutions, offices and in different work areas. This business is one of the profitable medium scale businesses in Nigeria; the business can give a high-profit margin when managed properly.

13. Clothing Boutique Retail Business Plan

Starting your own clothing shop boutique is a good business idea in Nigeria because the fashion industry is one powerful sector that will always be vibrant in any economy because all over the world, people have a basic need for clothing. Beyond this need, fashion is also evolving on daily basis due to the huge and diverse interest in styles.

Also Read: [PART 2] How to write a business plan – Basic template contents & structure.

14. Automotive Car Repair Business Plan

Nigeria is and will always be a big market for cars, both used and new ones. Compared to other African countries, Nigeria alone spends up to $5 billion dollars every year importing vehicles (especially second-hand) from the USA, Canada, Europe, and Asia. Which makes the industry an area worthy of investing.

15. Car Wash Business Plan

The good aspect of this business is that it does not necessarily require a large amount of capital or funding especially when you intend to start. For those who have enough money to invest, this will be a good decision as with more money invested, the business can grow much better and faster leading to better and profitable returns.

Other business plan samples and templates include;

16. Used Cars Sales Business Plan.

17. Online Print Shop Business Plan .

18. E-commerce Retailer Business Plan .

19. Coffeehouse Business Plan.

20. Night Club Business Plan.

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Free Restaurant business plans in Nigeria

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PDF Restaurant Business Plan in Nigeria
After payment, Text your full name, email address and selected business plan (i.e. restaurant business plan in Nigeria) to 07033378184. The complete business plan/feasibility study will be sent to your email 15 minutes after payment. For Inquiries call - 07033378184
PDF TITLE : Buiness plan for The Stand Nigeria resturant. Prepared by
TITLE : Buiness plan for The Stand Nigeria resturant. Prepared by: Director of TSN Address of Buiness: Bonny Island, Rivers State, 20 Asaba Avenue Principals Identity: ... 19 crises, Nigeria's food service industry witnessed growth over 2019/2020 at 4 - 5% in terms of units and transaction (Euromonitor). Much of this growth was
How to write a business plan for a Nigerian restaurant?
The projected P&L statement for a Nigerian restaurant shows how much revenue and profit your business is expected to make in the future. A healthy Nigerian restaurant's P&L statement should show: Sales growing at (minimum) or above (better) inflation. Stable (minimum) or expanding (better) profit margins.
Restaurant Business Plan PDF Example
February 28, 2024. Business Plan. Creating a comprehensive business plan is crucial for launching and running a successful restaurant. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your restaurant's identity, navigate the competitive market, and secure funding for growth.
8 Steps To Start A Successful Restaurant Business in Nigeria
This article will walk you through the 8 steps To Start a profitable restaurant business in Nigeria. Conduct Market Research. Get a Restaurant Business Plan. Secure a Good Location. Obtain Necessary Approval and Permit: Build Relationship with Reputable Suppliers. Hire Competent Workers. Invest in Marketing. Expand your Business.
Restaurant Business Plan In Nigeria (2024 DOC) • NG Business
Once payment is made for the Restaurant Business Plan In Nigeria Feasibility Studies PDF File, send the following (i) a valid email address and (ii) your payment details to any of these numbers - 07039768549. This is what Restaurant Business Plan In Nigeria looks like; Table of content. Executive Summary; Business Description; Products and ...
PDF Business Plan for Estalishing a Resturant in Kuje-abuja
spicy and savoury taste. The conceptual idea of the restaurant alongside with the creative cuisine and several marketing ideas allow clarity to the business scheme which ultimately with the support of this study will align investors and stakeholders on the detailed plan behind this business. 2. Introduction
(PDF) The Quick Service Restaurant Business in Nigeria: Exploring the
The Quick Service Restaurant Business in Nigeria: Exploring the Emerging Opportunity for Entrepreneurial Development and Growth. Global Journal of Commerce and Management Perspective, 3, 3, 8-14.
Restaurant Business Plan In Nigeria
Your restaurant business plan also has to do with overall goal of the. restaurant, a description of your target and pincing. the last part is your advertising and marketing plan. 4. Start with the big three. The big 3 includes, a great location, a great chef and a great concept.
How To Start A Restaurant Business In Nigeria 2023 (Full Guide)
1. Competition: Just like every other business, running restaurant business in Nigeria is highly competitive. As stated earlier, restaurant business is a life saving business in Nigeria. This is in the sense that food is a necessity. This fact is known to everyone. On the same hand, the lucrative nature of restaurant business is equally known ...
14 Steps On How To Start A Restaurant Business In Nigeria
Getting a good location to establish a restaurant business always give the business a competitive edge and leverage that would enhance profitability and ensure the sustainability of such business in the process of time. 2. Acquire A Spacious Location.
African Restaurant Business Plan [Sample Template]
Below is the sales projection for Edo Kitchen® African Restaurant, LLC, it is based on the location of our business and other factors as it relates to African restaurant startups in the United States; First Fiscal Year: $240,000. Second Fiscal Year: $450,000. Third Fiscal Year: $750,000.
(PDF) Review of Business Plan of Domibite Restaurant
Received 15 September 2016; accepted 18 November 2016. Published online 31 December 2016. Abstract. Domibite Home-style Restaurant ("DHR") is an eating. establishment focusing on healthy ...
How To Start Restaurant Business In Nigeria (Buka/Joint)
The cost of setting up a restaurant business depends.on what you have at hand and the size you are looking at. For a small restaurant #500,000 can start the business outside shop and non variable items. But whereby you have to buy everything including freezer then you need about #2,000,000 for a start.
How to write a business plan for an african restaurant?
A business plan has 2 main parts: a financial forecast outlining the funding requirements of your african restaurant and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.
(PDF) Download Healthy Restaurant Business Plan in Nigeria
Importance of the Healthy Restaurant Business Plan in Nigeria. The Healthy Restaurant Business Plan in Nigeria is important because. It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business. It will additionally gives distinctive statistics on ...
(PDF) A Feasibility Report on Starting a Restaurant Business in Abeokuta
Our market is estimated to be about 15 million naira annually. The market share = 15,000,000 / 3 = #5,000,000. But since we are starting the business newly, we would like to work with a market ...
Restaurant and Fast Food Business Plan in Nigeria
We have a team that can help you write your specific business plans, feasibility studies, Marketing plan, grant application, market research, business brand story and so on. Contact: +2348147161686 for details. Other Business Plans available: Auto Repair Business plan in Nigeria and Africa.
PDF Small and Medium Scale Business (Restaurant):
Arabian Journal of Business and Management Review (OMAN Chapter) Vol. 1, No.10; May 2012 ... No.10; May 2012 28 SMALL AND MEDIUM SCALE BUSINESS (RESTAURANT): A Career opportunity for Nigerian youths. Emmanuel.O. Oni Phd, Dr Adefila, J.J. Phd and Dauda ... is to present food service as a career option for potential youth entrepreneurs in Nigeria ...
Restaurant (Fast Food)
Financial Plan and Projections. Hurry now, GET YOUR FAST FOOD RESTAURANT BUSINESS PLAN PDF/Word. To place an order, pay N10,000 to. GTBank (Guaranty Trust Bank) Account Name - Chudi-Oji Chukwuka. Account No - 0044157183. After paying, send your email and payment details to 08060565721.
How To Write A Business Plan In Nigeria (Free Samples And Templates
10. Fast Food Restaurant Business Plan. The fast-food business in Nigeria is a very profitable business. Food is something we cannot do without even if it's once a day. The growing population of Nigeria with over 180 million people is also a high contributing factor to the profitability of fast food business in Nigeria.

8 Steps To Start A Successful Restaurant Business in Nigeria

Conduct Market Research

Get a Restaurant Business Plan

Secure a Good Location

Obtain Necessary Approval and Permit:

Build Relationship with Reputable Suppliers

Hire Competent Workers

Invest in Marketing

Expand your Business

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How To Start A Restaurant Business In Nigeria 2023 (Full Guide)

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HOW TO START A RESTAURANT BUSINESS IN NIGERIA COMPLETE GUIDE.

1. Getting An Appropriate Restaurant Location In Nigeria

2. Acquire A Spacious Location

3. Business Branding.

4. Restaurant Business In Nigeria Staff Employment.

6. Engaging A Professional Caterer Or Chef.

7. RAISING CAPITAL.

8. Business Registration.

9 . Neatness, Cleanliness And Hygiene.

10. Understanding Business Dynamics.

11. Preparation.

12. Adherence To Government Policies.

13. Purchase The Right Equipment.

14. Business Plan.

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2. Executive Summary

3. Our Products and Services

4. Our Mission and Vision Statement

5. Job Roles and Responsibilities

6. SWOT Analysis

7. MARKET ANALYSIS

8. Our Target Market

9. SALES AND MARKETING STRATEGY

10. Sales Forecast

11. Publicity and Advertising Strategy

12. Our Pricing Strategy

13. Startup Expenditure (Budget)

14. Sustainability and Expansion Strategy

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