Sign Alaska Banking Business Plan Template Later

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hey y'all my name is paul broski and i am the owner of quality business plant and what i'd like to do today is to show you all how to use my food hall business plan template and so the purpose of this video is pretty much just to introduce you to my food food hall business plan template show you how to use the word document you know which areas to change and which areas to update but also to show you how to use the excel file that i include with the purchase of the business plan template and in the excel file there is a financial model it's it's pretty basic but usually it's going to meet a lot of the needs of an entrepreneur looking to start their food hall business plan i'm so without further ado let's go ahead and mosey through this little powerpoint presentation and it's not only a powerpoint presentation but i'm also going to walk through the actual template itself the word document as well as the excel financial model all right so next is going to be the purpose of this video the purpose of this video is to show you all how to use my food hall business plan template and financial model and to be able to customize the model and customize the word document to be able to have a workable usable plan within 30 minutes now this plan is not meant to you know take to investors or take to the bank for a 10 million loan it's it's short it's sweet it's simple and it's great for landlords it's great for small business loans and you know it's good to share with your friends and family to tell them your idea about the food home i'm not saying that if you use this plan you're going to get your loan or you'll get your tenant space or what have you but it's definitely a solid foundation all right next is what is included in my template when you purchase it on my website and it is the customizable word document so you're able to use the information that i provide for the business plan change it to meet your needs and also a basic financial model that you can again customize put your own numbers in there and see how it's going to impact your 12-month profit and loss and your five-year projection all right so let's go ahead and let me tell you a little bit about me before i get into explaining the template for the food hall i am a professional writer i'm a specifically a business plan writer and a business writer i do a lot of strategic planning i do a lot of business plan writing so if this template does not meet your needs please feel free to pick up the phone give me a call from me text them an email and i would be like delighted to write you up a professional business plan next if you want some assistance in taking this business plan temple to the next level i do have some books published on amazon and some other places where you can get some more in-depth assistance in writing your business plan and you can also purchase this business plan template on my website and i'll show you how to do that in just a little bit and finally a little bit about my educational background and so on i am an adjunct professor for a college i do specialize in business and finance so if you just need some in-depth financial projections again give me a call send me text send me an email be delighted to assist all right enough about me let's talk about your needs for the business um the food hall business plan so for the food hall business plan when you download my template you're going to have a word document and an excel file the word doc document is going to look something like this you're going to open it up and you're going to see food hall business plan right here you can go ahead and put your logo here you can change this to put your name so you can change the title page to suit your needs the next page is going to be the table of contents if you choose to add information to this business plan and i strongly suggest that you do this is a great foundation it's a great structure and you can take this to the next level by adding your personal customized information when you do that at the end of adding your information come to this and come to this template right here come to this table of contents click update table go to update entire table and then click ok and what that will do is it will go ahead and change all the um all the page numbers to up you know just update the template all right next is going to be the executive summary all the places in yellow i definitely recommend you change and other information you can go ahead and add to it as well so for example for the food hall summary make sure you put your name here if it's going to be a limited liability company keep that the same if this could be a corporation change it to corporation also put the location that your home office is going to be or where your food hall location is going to be put the city or worst case scenario sitting state next put your owner put your names right here and then right here the hours of operation from that just go through the template and just you know start reading through the template so some information you want to change do it but like i said the information in here highlighted is definitely what i recommend you do change uh for those financial highlights these i do give you some standard financial projections based on my experience and working with other food hall companies now of course your revenues may be different your projections may be different but this is a good solid foundation the next section is going to be the company description right here i put the food hall summary again feel free to go ahead and knock yourself out make some changes as needed services provided the way that i structure the way that i have found working with some other food hall companies speaking with other owners and just my own research is that food hall companies they're going to make revenues or they're going to make money two different ways first and foremost they're going to make money by releasing restaurant space to other entrepreneurs so the food hall is in in essence it is a location under one roof where a bunch of different restaurants snack shops coffee shops bars they operate under one roof and they're owned by different entities so when with that foundation you're going to be leasing restaurant space so that is your service provided here i've also found in other discussions with owners that most food hall business owners they are going to hold back one or more spaces or suites for themselves to operate whether it be a restaurant or a bar so you can have two different revenue sources you're going to have leases from other um restaurants and you're going to have a food hall business you're gonna have a bus a restaurant or a bar yourself if you're not gonna have a restaurant or a bar yourself simply delete this information right here if you are fantastic if you've come up with a third way to generate revenues put it right here so that's going to be the um services provided competitive advantages i put some really general ideas in there feel free to change them primary target market i just state that you're going to be targeting entrepreneurs in a you know 10 mile radius again feel free to change that as well hours operation in this location section whatever the location whatever the size of the food hall is going to be just change the square footage here and however many restaurant suites or you know individual suites you're going to be offering change that number here and this is just a general business objective and timeline this right here helps you strategize you know where do you want to be in 12 months and identify some objectives and then where do you want to be in three to six months make sure your three to six month objectives are going to lead you to attaining the 12 to 6 or 12 month objectives once you identify the six and 12 months then go to three to six month objectives and finally one to three month objectives what do you need to accomplish today or this month in order to lead you to the three to six month in order to lead you to the six to 12 months so this is a great little area right here to get your thoughts and ideas align your strategic objectives to make sure you can accomplish your long-term vision all right next is going to be industry analysis i have already conducted for you single location full-service restaurant industry analysis because the food hall industry is so new very little information is available out there so we've got to make a the best of a bad situation and in doing that the industry analysis is focused on a single single location full service restaurant i've provided some information i've done the research and i've provided the up-to-date information here i strongly suggest not changing anything on that section the next section is going to be the swot analysis strength weaknesses opportunities and threats so these again are some general ideas for your swot analysis management experience if you've had some management experience in the restaurant industry or even the retail industry people are people and if you are able to manage people then you are going to be able to extract those skills and exploit them in your new venture documented plans this business plan is a documented plan for your business for your food hall so that's that is a strength innovative food hall concept is food hall concept in and of itself is an innovation as far as i'm concerned because that's not something you're going to find everywhere at every corner like you're going to have a chicken wing shop in buffalo so just keep this in mind this is innovative and if you want to add to the strength feel free knock yourself out and have fun next is going to be the organizational structure the legal structure how is your business does it be limited liability companies could be a corporation this could be a sole proprietor whatever it's going to be go ahead and change that information right here and the job responsibilities will give you all a good foundation foundation for it you've got your ceo restaurant manager if you're going to hold back a location and then maintenance and security are two of the normal job functions that are going to be needed to secure your food hall if you're not going to have security then just simply delete it if you want to go ahead and add some information to the maintenance feel free to do that as well so this is just again it's a good foundation for your organizational structure when you have your organizational structure make sure you include an organizational chart which i've done for you the way to edit this chart is you're going to click on the chart you're going to have this pretty little arrow right here you're going to click on it and voila you can go ahead and change the ceo which i strongly recommend you do not change but if you're not going to have a restaurant manager or restaurant staff then you can just simply delete that information and it's gone and i'm going to keep it but that's how you change the organizational chart next is going to be the marketing this is where you are going to discuss how you're going to do your marketing i've got three different areas categorized traditional marketing internet marketing and social media marketing if you want to add these sections feel free to do so but it's a nice solid foundation it's general enough where the reader is going to understand what you're going to do but not so specific that you are giving away the playbook next is going to be your funding request how much money do you need to start your food hall and you are going to explicitly state the dollar amount right here and then you're going to tell the individuals how long if it's a debt if you're going to take out a loan how long do you expect your term to be and what the interest rates are going to be if you're looking for a partner then it describes you know how you're going to pay that partner whether it's going to be from dividend payments and you know you can go ahead and expand upon this idea but usually through dividend payments and i've got that stated right here as well next thing that we have here is the financial projections the financial projections that i've included right here are just based on some simple assumptions and they'll show you the financial model in just a second and the financial model is included you can change the numbers and then change this information in here but these are just some basic basic um projections for month one all the way to month 12 is breaking broken into quarterly estimates and then also summarized in a pro forma income statement for year one to year five i've estimated in net income of 74 000 that grows 154 000. these are just based on some of my thoughts and ideas and a little bit of research a little bit of feedback from other food hall individuals entrepreneurs um so just keep that in mind these are just very very rough estimates these numbers can be changed in my financial model which is up on deck so that is my word document that i've included and the information that is provided in that word document comes from right here so this is the basic financial model and what you do when you get this financial model the areas in the darker color are areas that you can change the numbers so for example restaurant suites if you have available seven restaurant suites we just put seven instead of six and all the financial information is updated if you're going to own your own food hall suite and you expect 80 customers or 70 customers you just change the number to 70 customers this is the percent of sales this is your cost of goods so if your food costs are 35 percent or 30 you just change these numbers here and these numbers right here in your income statement will change accordingly and your profit and loss statement will change accordingly now when you change the numbers on this sheet right here the excel file you do need to copy and paste the year one projections which are right here and the income statement right here into the word document so when you change these numbers you do need to update the word document the way they use this finance model right here the daily sales this is the restaurant suites i have broken this up into usually you're going to have your restaurant suites at a 30 i'm at a monthly um lease i have broken up the monthly lease to reflect a daily charge so just for up just for projection purposes your restaurant suites are a daily chart so for example if you estimate that you're going to charge three thousand dollars a month per suite then what you're going to do is you're gonna take that three thousand dollars you can multiply that by twelve which is thirty six thousand dollars then you are going to take that thirty six thousand dollars divided by three sixty five that gives you approximately ninety eight dollars a day you would then change this to 98 a day and that'll update your financial projections so that is what i've done with the restaurant suites for this financial model and this right here these are the number of customers you expect at your food hall owned suite so if you are going to retain a suite and it is a bar or if it's a restaurant regardless what it is you anticipate 70 customers the average ticket price per customer is going to be 18 and your food costs on average are 30 dollars you change that information here and everything updates if you are not going to hold back a suite you simply put a 0 right there and now it's removed so i'm going to go ahead and keep that information there this is how many days you're going to be in operation if you're going to be in operation seven days keep it there and that's i'm just to adjust for the um the weeks in the month second section right here is a labor if you're going to pay yourself three thousand dollars keep it the way it is if you're going to change it then change it and this is going to be the managers and the employees so if you're going to have one manager put one here the pay rate 172 hours for the month represents the hourly um how many you know the full-time employee and then employees right here you can change the number of employees and their pay rate as well these are some basic startup costs you've got your equity investment you've got your loan if you're not anticipating taking i'm putting any money int it put a zero there and all the information again will update accordingly if your loan is going to be one million dollars you change it right there to 1 million dollars and again you're good to go with that and these are just some estimates of the cost involved with starting a food hall is not extensive but it's a good start here is your monthly cost if you're going to be leasing a building to do a food hall then you would put the lease payment right here if not your interest payment for your loan is calculated accordingly utilities again i've put estimated some numbers for utilities office expenses insurance advertising and other so you can make any changes right here and this will update this nice little chart here and also your financial projections this right here is going to be the loan information when you change the loan information here it is tied in down here it'll immediately bring it down there you can change your interest rate you can change your term it'll change your payments here and also update your financial model here once you're done playing all the wonderful games with this financial model you would then go over here and you would go ahead and copy your 12-month projections and you would put that into the word document in the appropriate place all right so hopefully this information is helpful and if you all are interested in purchasing this business plan templates and what you're going to do is go over to my website which is quality business plan dot com forward slash business plan templates you're going to scroll down to where it says food hall business plan template and you are going to click this little button right here and it will take you over here to my food hall business plan template website where you can purchase it this price does change keep that in mind but this is where you're going to purchase the actual food haul when you purchase it you are going to get this information right here oh that's the template and i showed you this already what you're going to do is you are going to get an email and it's going to say click here to download the template you're going to click that template and you are going to then open up the business plan template so it's going to download a zip file you're going to click on the zip file and inside the zip file is another folder you're going to click on that and right there you are going to see food hall template and this is the word document and then you're going to have the template for the food hall for the financial projections a jackpot so hopefully this information was helpful and if you liked the video give me a thumbs up if you want to purchase my uh food hall business plan template just follow the directions and enjoy have fun keep in mind there is no refunds once you buy the template you are able to download it if it doesn't download send me an email i'll send it to you and also there is no phone consultation so please you know if you want me to do a professional business plan love to talk to you but the only thing that comes with this template for you to go ahead and assist you with is this video so just keep that in mind all right well have a fantastic day and as always if you like the video give me a thumbs up on youtube thank you very much