The three main categories of establishing a food services business are buying an existing one, building your own or contracting with a franchise system. The wide range of these businesses runs from a food services supplier to vending machines, fast food and moderate or up scale restaurants. First, determine the type of food services you wish to create. Second, choose a name that accurately represents your operation. Third, research the need for your particular food services venue and competition in that area. Fourth, write a comprehensive business plan, which should include:
- your resume relating to past history and expertise in food services;
- description of conventional food services and Signature Items offered;
- management structure and operational plan;
- customer base, location and hours of service;
- staffing and processing requirements;
- employee training, salary scale and benefits;
- list of supplies, equipment, furniture and fixtures;
- start up cost, ongoing expenses and maintenance;
- pricing policies;
- competition and marketing strategy;
- earnings projections and monetary return to investors;
- planned capital improvements and expansion.
The Food Services Industry is one of the most demanding endeavors in the business world encompassing long hours, quality control and personalized satisfaction for each customer. However, with advanced preparation these challenges can be used as guidelines in instituting valid corrective measures to insure a successful food services business.
To help you succeed in "Food Services", SCORE, A Resource Partner of the U.S. Small Business Administration, offers free, confidential one-on-one business counseling with experienced executives plus a day long monthly Workshop for a nominal fee. For the location, phone number and counseling hours of the office nearest you, call our main Dallas SCORE Office at (214) 987-9491.