Feasibility study of fast food restaurant project, the fast food restaurant project is in great demand in the recent period so as to adopt a lot of people old and young, especially the youth category, so this type of project is profitable and very successful and this in the case of preparing a feasibility study of a fast-food restaurant project
To ensure the success of the feasibility study of this project, it is necessary to seek help from one of the companies specialized in the field of feasibility study work, and preferably if the company technology management consulting and feasibility study is the best company specialized in this field because it has a long experience and the most skilled team at all.
Feasibility study of fast food restaurant project
Fast food restaurant project is one of the successful projects in all countries of the world, due to the high demand for its meals and delicious foods, and is one of the projects with a guaranteed profit if the feasibility study of a full fast food restaurant is carried out.
Therefore, it is possible to use a specialized company such as technical management consulting company and provide feasibility studies for various investment projects, to obtain a comprehensive restaurant feasibility study that the investor can achieve the desired objectives of the establishment of this project.
It also gives all its client’s investors and businessmen alternative plans and suggestions in case the project is exposed to any unexpected risk, in addition to providing support to the investor to learn about the labor market and changes in it to achieve the best possible success and profit rates.
The most important stages of a restaurant feasibility study
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The right name for the restaurant.
Executive and marketing plan of the restaurant.
Convenient location of the project.
Sufficient capital to operate the restaurant.
Study the market and competitors.
How to market a restaurant project.
Restaurant operation plan.
Financial study of the project.
Steps to open a restaurant
First step proper name for restaurant project:
The owner of this project must be creative in choosing the right name for a fast food restaurant project, in order to be distinguished from the rest of its competitors in the job market, and the name must be easy for the customer to memorize easily.
Second step restaurant executive project plan:
The executive plan of the restaurant project includes several points such as:
Introducing new types of fast food.
Choose the right place to attract customers preferably close to universities and schools.
Fast food restaurant feasibility study
After we learned about the most important steps to start a fast-food restaurant project, the feasibility study of a fast food restaurant must include several other steps, in order for the project to be successful and profitable and these other steps include the following:
Suitable location for project implementation:
It is preferable to choose a good location with an area ranging from 90 meters or more and the restaurant requires a store with a suitable area to place the supplies and raw materials for the project, and it is recommended that the place be rented for at least 3 years.
Capital required for the implementation of the restaurant:
The project capital includes all the supplies, tools and equipment needed by the project, in addition to the following:
The rental value of the restaurant can range from EGP 1000 to EGP 1500.
Do the finishes of the place and make decorations and this depends on the desire of the project, and those finishes can cost 1000 depending on the place.
Buy a sufficient number of chairs and tables and this is due to the quality and efficiency of the restaurant, and the cost of those purposes may range from 10 thousand to 15 thousand.
The salaries of employees for only one working month as a minimum is 3000 pounds for three workers.
The restaurateur should conduct a study of the target market and find out the extent of demand for the products that the project will offer, compare them with other products of competitors and find out their strengths and weaknesses and exploit them for the benefit of the project and achieve the expected material profit.
How to market a restaurant project
Marketing for any project is a very important step, it increases the percentage of profits of that project fold, and this is in case of Marketing well so the restaurant owner should not neglect his marketing, and marketing methods include the following:
Print advertising cards and distribute them to people passing by and adjacent to the restaurant.
Create a page with the name of the restaurant on various social media platforms such as Facebook and Instagram.
Providing a home delivery service this service will generate great profits for the restaurant.
Make opening of the restaurant and provide free meals and offer various meals at discounted prices to attract the maximum number of customers.