1-Expand upon the Business Model Canvas you started in class. Upload the document here and bring a copy to class. 2- Review the Business Plan templates in week 1 and choice a format for your Business Plan. i put file of my project and another file for m
Executive Summary
Baba's Lounge & Restaurant is a 30-seat excellent dining restaurant with a ten-seat lounge. The business focuses on Saudi Arabian dishes. The business will be located in the Riyadh the capital city of Saudi Arabia(my city) . The restaurant will have a cozy dining area and a warm lounge. The Baba's Lounge & Restaurant will be open seven days a week while the services provided will be correct and friendly and relax.
Mission
Our mission is to be a place with great tasting food and excellent service provision where the satisfaction of our coustmers.
Market analysis
There is a need for a unique and excellent dining place in the city and starting the lounge and restaurant business of this kind will differentiate it from competitors. Our customers will be both Saudis people and visitors from other countery . The menu will be unique and appealing to a wide and varied customer range.
Strategy and implementation
Differentiation of the food products concerning the needs of the customers and cost control at all times without exception will be our key strategy to be success. It will be implemented from the first day of operation
Marketing plan
The business will be open to all kinds of people including tourists in the area. The company will be advertising to customers by business cards to any person we may get in touch with both inside and outside.
Management team
One manager and service providers will manage the business will be five excellent chefs.
Financial analysis
The start will cost for the business is approximately 250,000 US dollars and the expected return at the end of the first year is 200,000 US dollars exclusive of the expenses.