Sports bar business plan template free
Small restaurant business plan
Every restaurant will be built to existing specifications, clean looking, open, and pleasing to the customer. We therefore intend to offer the following services at You Win Sports Bar and Grill to our various customers; Sales of food, snacks and beverages Facility rental for private, special and corporate event Sports-book betting Trainings Sales Forecast There will always be people who want to hang out with friends to watch their favorite sports whilst having a drink or taking some snacks, which means that it is of a huge benefit to us to start this business here in West Coast — Florida. We have discounts in place, coupons and other strategies that will ensure that we retain our customers. Regular and repeat customers cross many age demographics and families are frequent diners. We provide more televisions with more sporting events than anywhere else in the region. Create your own business plan 1. The sports enthusiast, the business entertainer and traveler, the local night crowd, as well as families dining out all can enjoy the Take Five experience. Therefore, some of the publicity and advertising strategies we will use for You Win Sports Bar and Grill are; Ensure that we install billboards in strategic and conspicuous locations all around West Coast — Florida Participate in and sponsor relevant sport related programs in the community Ensure that we place adverts in local newspapers, magazines as well as on radio and television stations Distribute our handbills and paste our fliers in strategic places and hangouts Ensure that our staff wear a customized tee shirt during work hours at our sports bar and grill Use our social media platforms such as Facebook and Twitter to actively promote our sports bar and grill business Our Pricing Strategy Due to the fact that we would be offering a combination of services and products, it might be tricky setting a price especially for our services that are intangible. Learn how to perform a SWOT analysis 4. The market research conducted helps the company identify the threat of the market and what best way to attract and retain customers in order to ensure the survival of the business for a long time. Maintain tight control of costs and operations by hiring quality management at each location and utilizing automated computer control.
Our goal is to be a step ahead of the competition. Since 10 months of operations have already been completed the confidence level for final first year numbers is extremely high.
Sports bar financial statements
Advertising budgets and sports event promotion is an on-going process of management geared to promote the brand name and keep Take Five at the forefront of sports theme establishments in each local marketing area. We provide more televisions with more sporting events than anywhere else in the region. All sales forecasts and projections have this first year as their basis for each new store. We have discounts in place, coupons and other strategies that will ensure that we retain our customers. We are building our infrastructure so that we can replicate the product, the experience, and the environment across broader geographic lines. Every restaurant will be built to existing specifications, clean looking, open, and pleasing to the customer. Additionally, a store will be opened on the beach at Destin, Florida, a year-round resort destination. We intend to have a well organized system that will ensure that the place is not rowdy no matter what sports is on and how many people are watching. Our first competitive advantage is to ensure that we offer our customers unique services that cannot be experienced in any other place but here.
Strategic Analysis with current research! The business will also have a moderately sized food service that will serve hamburgers, wings, and other foods normally associated with sports bars.
Radio is most effective, followed by local print media.
Cash flow becomes positive from operations immediately and profits are substantial in the first year. This section of the business plan should not span more than 1 page.
Owner funding and internally generated cash flow will enable additional stores to open.
We intend to empower our marketing team so that they could also draft effective marketing strategies for the company in line with our corporate values and goals. Our marketing team will also be empowered to modify, draft and remove marketing strategies that are not effective or not likely to project the company in the best light.
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