At business meetings, coffee, tea, and bottled water—at the very least—are made available for attendees. Celebratory occasions such as weddings, christenings, birthday parties, bar and bat mitzvahs, and anniversaries call for special food and drink to complete the festivities. These are all prime occasions for catering.
Strategic Analysis with current research! The Banquet Hall, Inc. The Company was founded by John Doe. The business will only host one event per day, which will allow clients privacy while they celebrate their wedding or event.
The venue will feature a beautiful banquet hall that will be developed from a converted home. The grounds will feature immaculate grounds keeping and landscaping. The third section of the business plan will further describe the services offered by the Banquet Hall.
The interest rate and loan agreement are to be further discussed during negotiation. The financing will be used for the following: Doe has more than 10 years of experience in the events planning and management industry.
Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple.
Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Banquet Hall.
Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. The facility will feature an immaculate garden and landscaping.
The business will also partner with events and wedding planners that operate within the New York area. Currently, the economic market condition in the United States is moderate. The meltdown of the sub prime mortgage market coupled with increasing gas prices has led many people to believe that the US is on the cusp of a double dip economic recession.
This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. The US Economic Census indicates that there are approximately 5, companies that specialize in the rental of banquet halls and event locations.
The growth of this industry has remained in lockstep with the growth of the economy in general. Management has outlined several demographics among its target client market, including: The key to writing a strong competitive analysis is that you do your research on the local competition.
Find out who your competitors are by searching online directories and searching in your local Yellow Pages. Below is an overview of the marketing strategies and objectives of the Banquet Hall.
The foremost marketing strategy that the business will use, will be to develop connections with local event and wedding planners so that the business can continually book events through these planners. This will greatly decrease the amount of advertising required by the business as once a rapport is established with these vendors, they will continually refer business to the Company.
Banquet Hall will also maintain a strong level of print and media advertising among local newspapers, event planning publications, and other news medium. The business will also maintain listings in the local Yellow Books.Fressen Catering catering company business plan company summary.
Fressen Catering offers creative, colorful, and unusual kosher and traditional foods/5(86). Fressen Catering is a kosher catering company that serves the Philadelphia market.
Fressen offers creative, colorful, and unusual food options for kosher, as well as the traditional kosher standbys. Catering Business Plan Sample.
Thinking of getting into catering? Make sure you have a detailed business plan to start with. Food and Farming. Food and Farming 7 months ago. Bakery Business Plan Sample. Food and Farming 7 months ago.
Agriculture Business Plan Sample. best templates for powerpoint of photos free business plan template catering company pages mac resumes,best website templates for blogs top resumes catering business plan,best templates for pages ios on squarespace landing free business plan template catering company,free business plan template catering company fundamentals of human best templates for powerpoint download .
A Sample Catering Service Business Plan Template Are you about starting a food catering company from home? If YES, here is a complete sample mobile catering service business plan template and feasibility report you can use for FREE.
Free Banquet Hall Business Plan For Raising Capital from Investors, Banks, or Grant Companies!
FREE PowerPoint Presentation for Banks, Investors, or Grant Companies! is a New York based corporation that will provide banquet hall rental and catering services to customers in its targeted market.
The Company was founded by John Doe.