This document provides details about a business plan for a restaurant called "Best Restaurant" located in Chandigarh, India. It includes sections on the background, mission, facilities, target market, competitors, and expansion plan for the restaurant. The analysis indicates it is a family-style restaurant that aims to provide quality food and good customer service to its local community. A survey was also conducted to understand customers' opinions and expectations.
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Summer Project Report
This document provides details about a business plan for a restaurant called "Best Restaurant" located in Chandigarh, India. It includes sections on the background, mission, facilities, target market, competitors, and expansion plan for the restaurant. The analysis indicates it is a family-style restaurant that aims to provide quality food and good customer service to its local community. A survey was also conducted to understand customers' opinions and expectations.
Download as DOCX, PDF, TXT or read online on Scribd
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Summer Project Report on
BUSINESS PLAN-5 Submitted in partial fulfillment of the requirements of the degree of Bachelor of Business Administration (BBA) Of Amity Global Business School, Chandigarh
Faculty Guide- Submitted By- Prof. PRANJAL PACHPORE DAMAN BIR SINGH WALIA (Enrolment No.) BBA (2012-2015)
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ACKNOWLEDGEMENT
It is my pleasure to be indebted to various people, who directly or indirectly contributed in the development of this work and who influenced my thinking, behavior, and acts during the course of study. I am equally grateful to my faculty guide, MR. PRANJAL PACHPORE, who gave me moral support and guided me in different matters regarding the topic. He had been very kind and patient while suggesting me the outlines of this project and correcting my doubts.
Lastly, I would like to thank the almighty and my parents for their moral support and my friends with whom I shared my day-to-day experience and received lots of suggestions that improved my quality work.
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ABSTRACT
Study of project stated that managing a restaurant is one of the most multi- faceted undertakings in the realm of work. The ultimate goal to run a restaurant is to increased sustainable profits and maximum footfall of the customers without which no business survives. The purpose of this project is to learn the most important attributes needed to operate a restaurant successfully. The food should be of good quality and the menu must be diversified. The research for this project is conducted randomly, customers visited. The analysis stated that customers are mostly attracted by the quality of the product and by variety of the products. The analysis also defines that the customers are not only attracted through advertisements but also through the variety, location and convince of the restaurant.
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TABLE OF CONTENTS 1. Introduction to Best Restaurant Background. Mission... Objectives... Facilities. Business operations Limitations.. 2. Analysis of Best Restaurant Summary.. Ownership Structure No. of employees Location Capital invested Strategies Target market. SWOT Analysis..... Major competitors.. Strategies... Marketing or positioning Promotional Pricing 3. Research methodology Research design Questionnaire Survey results
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4. Expansion plan of Best Restaurant............. Blue print Location Capital expenditure Availability of labor Management team Outside support Crockery and dcor material Menu Restaurant equipment Kitchen equipment Electronic equipment Salary budget Costing 5. Results and discussions. 6. Conclusion.. 7. Recommendations. 8. Future prospects 9. References.
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INTRODUCTION
BACKGROUND Best Restaurant, a Restaurant, located at S.C.F.20, Inner Market in Chandigarh, since 1964, it was Dhabha and slowly progressed into the well known restaurant and now converted into fine dine restaurant. The restaurant has a large range of wonderful and authentic dishes usually of Chinese, North Indian cuisines with Seating / Standing where you can avail best food quality services. Its menu brings you lots of delicious both vegetarian and non-vegetarian. Best Restaurant offers a quick and efficient delivery service to your home. Best Restaurant is open seven days a week from Monday to Sunday from 10:00 AM - 11:00 PM. It also accepts credit/debit cards. To add to your taste, the menu of Best Restaurant also includes hard drinks. The cuisine is outstanding with an exceptionally high standard of courtesy and assistance to the customer and uses only the finest and freshest ingredients for exquisite, exemplary and Browse through Best Restaurant menu and you will get the right feeling straight away. Order your takeaway food online straight away. 7
At Bests place our cozy neighborhood restaurant and invite you to experience our delicious, authentic Italian dishes. All served with old world hospitality. It would be our pleasure to cook dinner for you.
At Best Restaurant, every dish is created with love. Our sauces are made fresh daily by best chefs creating his/her homemade soups and nightly dinner special. Enjoy our wide selection of food and bear as you savor the flavors of our family recipes passed down from generations.
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MISSION
Customer satisfaction To maintain customer relation To provide highest quality of food
OBJECTIVES
Innovative techniques in food preparation, presentation and service Clean environment Great and friendly service Building relation with customers
FACILITIES
TV/Big screen Air conditioned hall Arrangement for parties Home delivery Serves alcohol Take away counter Wi-Fi accessibility
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BUSINESS OPERATIONS
TIME 10 A.M.- 11 P.M. PAYMENT CASH/ CREDIT CUISINES NORTH INDIAN + CHINESE LOCATION SCF. 20, SECTOR 20-D, CHANDIGARH
LIMITATIONS
Stress for working long hours per day Hiring fine- dining employees is more challenging Frequent job changing by employees working
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ANALYSIS OF BEST RESTAURANT
Ownership S. Inder Bir Singh Structure Sole Proprietorship in which business established as a legal entity No. of employees 30 Location SCF. 20, Sector 20-D Chandigarh Basic Capital Invested
Strategies Fresh ingredients Expand the choices of food and drinks Seeking for sustainable growth opportunities
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TARGET MARKET
Our restaurant targets all the people who live around and nearby our restaurant or all the localities. But mainly we focus on family gathering because its the only family restaurant located in that area.
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SWOT ANALYSIS OF BEST RESTAURANT
Strenghts :- a new, innovative product/service location of business quality of our products loyal to customers Weakness:- lack of marketing expertise Opportunities:- developing market moving into new market segments that offers improved profits Threats:- a new competitor in our market/ or nearby price wars with competitors competitors entering with new innovative products SWOT ANALYSIS 13
MAJOR COMPETITORS OF BEST RESTAURANT Following is the list of competitors, in terms of cost, quality, products and services offered:- Basis Best Restaurant Side Walk Grill n Chill Baba Dairy New Doaba Sweets & Rasoi Home delivery Yes YES Yes Yes Yes Dine- in Yes YES Yes Yes Yes Bar Yes NO No No No Veg./ non- veg. Yes YES Yes Vegetarian only Vegetarian only Cuisines North Indian, Chinese, fast food North Indian, Chinese, fast food Only fast food Desserts, north Indian, cafe Chinese, North Indian Cost Approx. 450 for 2(without alcohol) VAT extra Approx. 400 for 2 (without alcohol) VAT and services charges extra Approx. 350 for 2( without alcohol) Approx. 500 for 2 (without alcohol) VAT extra Approx. 300 for 2 (without alcohol) VAT extra Tags AC AC Wi-Fi access, AC, outdoor seating AC AC
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STRATEGY FOLLOWED BY BEST RESTAURANT
MARKETING OR POSITIONING STARTEGY:- Quick service Affordable prices Tasty food and drinks Comfortable place with free Wi-Fi accessibility and long operating time
PROMOTIONAL STRATEGY:-
Mainly uses marketing techniques or social networking Provide home delivery
PRICING STRATEGY:- PRICE PENETRATION strategy
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RESEARCH METHODOLOGY A survey has been conducted to know the opinion and attitude of customers and can help to obtain fairly accurate feedback about what the customers want and what they expect.
RESEARCH DESIGN
Research Objective Data source Primary data collection Research method Survey Research technique Questionnaire Type of questionnaire Structured Type of question Open ended and closed ended question No. of question 12
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QUESTIONNAIRE
GENERAL INFORMATION:- Name- Age- Address- Contact no- Occupation-
Ques1. How frequently you eat out? i. Everyday ii. Weekly iii. Monthly iv. Only on weekends
Ques2. Do you like experimenting (trying out new places)? i. Yes ii. No iii. Sometimes
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Ques3. What are your eating preferences? i. Vegetarian ii. Non- vegetarian iii. Both
Ques4. Are you diet conscious? i. Yes ii. No iii. Sometimes
Ques5. Are you hygiene conscious? i. Yes ii. No
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Ques6. Have you ever been to Best Restaurant? i. Yes ii. No
Ques7. How often do you visit Best Restaurant? i. 2 times a week ii. About once a week iii. About once a month iv. Never
Ques8. How would you describe the variety of food on offer? i. Excellent ii. Good iii. Fair iv. Poor
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Ques9. What factors do you consider important when visit Best Restaurant?
Factors Not important Neutral Very important Product Price Food quality Discounts Waiting time Service
Ques10. Do you find value for money? i. Yes ii. No
Ques11. Your favorite food item at Best Restaurant?...................................
Ques12. Any suggestion..
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SURVEY RESULTS
Ques1. How frequently you eat out?
Ques2. Do you like experimenting (trying out new place)?
0 5 10 15 20 Everyday Weekly Monthly Only on weekends 76% 16% 8% Yes No Sometimes 21
Ques3. What are your eating preferences?
Ques4. Are you diet conscious?
0 5 10 15 20 25 30 35 40 45 Vegetarian Non-vegetarian Both results 43 40 15 results Yes 61% No 15% Sometimes 24% 22
Ques5. Are you hygiene concious?
Ques6. Have you been to Best Restaurant?
Yes 86% No 14% Yes 76% No 24% 23
Ques7. How often you visit Best Restaurant?
Ques8. How would you describe the variety of foods on offer?
10% 24% 37% 29% 2 times a week once a week once a month never 0 5 10 15 20 25 30 Excellent Good Fair Poor 29 23 18 6 24
Ques9. What factors do you consider important when you visit Best Restaurant?
Ques10. Do you find value for money?
Product Price food quantity discounts waiting time service very important 16 17 20 8 9 11 neutral 6 8 11 7 5 10 not imporatnt 4 2 3 3 0 2 0 5 10 15 20 25 30 35 40 70% 30% Yes No 25
EXPANSION PLAN FOR MY BUSINESS Location: - The location is accessible and near. So for new expansion of my business would be- Capital expenditure:- 5 Crores Availability of labor: - as a part of the expansion of business, restaurant will hire servers, best chefs, cleaners and bartender.
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Management team:- The ownership of expanded restaurant would be continue with the same owner i.e. S.Inder Bir Singh. The team comprised of 2 managers possessing stong qualifications and vaulable experience in their respective fields. Apart from management team, the restauranted is supported by the support of outside parties, that includes:- 1. Insurance 2. Accountant 3. Attorney The firms management recognizes that of business success is at practically dependent upon the advice and counsel of outside subject matter experts.
Indian: Shahi Paneer Cheese Tomato Malai Kofta Mutter Mushroom Dum Aloo Channa Masala Mutter Paneer Seasonal Vegetables Mix Veg. Paneer Do Pyaza Dal Makhi Dal Dry Sarson Ka Saag
Monthly salary Indian chef 2 8000 each Chinese chef 2 8000 each Helpers 4 3500 each Cleaners 3 4000 each
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COSTING
FIXED (INSTALLATION) COST-
WORK COST
30,00,000
LAND COST
45,00,000
KITCHEN COST
2,68,552
GAS CONNECTIONS
3,00,000
TELEPHONE CONNECTIONS
7,000
FURNITURE
7,00,000
GENERATORS
75,000
TOTAL FIXED COST
88,50,552
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VARIABLE COST-
SALARY
46,000
ELECTRICITY
71.000
TELEPHONE
22,000
CLEANING AGENTS
12,000
GAS
15,000
ADVERTISEMENT
25,00
TOTAL VARIABLE COST
1,68,500
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RESULTS AND DISCUSSIONS
From the above analysis, the result to be come out, that almost every person loves to visit restaurant and enjoy the lovely diner with their loved ones and families. Most of the people gets attracted towards the restaurants through the quality of the products that restaurant offers to its customers. Advertisement also plays a crucial part in success of effective restaurant. Not only quality plays role but there are other attributes which can lead to the success of the business and they are: - location, diversified menu, convince, facilities that restaurant offers to them, quick and timely services. As from the above analysis done, customers rate the restaurants mainly on the factors like:- Dcor Better services Timely attending customers Variety of cuisines Accessibility (home delivery) Standard of hygiene
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CONCLUSIONS
After looking back on all the research done it seems as though the customers plays crucial role for running a successful business. Its very important to satisfy the needs of customers. In this industry, each restaurant faces competitions from 1000 other restaurants and in order to prove itself, the restaurant has to have a well defined marketing strategy and famous brand recognition to survive in the market. The attractiveness of restaurant can be judged from the following points: Existing competitions Better environment Variety of items Better quality of foods and services
As a part of this business expansion plan, restaurant management team intends to renovate the restaurant facility on revocations which will include sound proofing the ceiling, upgrading and enlarging washrooms, equipping the kitchen properly and so on.
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RECOMMENDATIONS
For the purpose of growth of restaurant, certain recommendations have been given below:
There should be large variety of cuisines, as customers want more and more food items in the menu before entering the restaurant.
If restaurants provide large or limited amount of cuisines, then the manager should take care that all the food items are fresh and they meet up the hygiene standards.
Many customers like to visit the restaurants in the evening or late night, so at that point of time, services provided to customers should be proper and timely managed.
Many of customers should prefer for home delivery as compare to go out and have diner, so the restaurant must access the facility of home delivery only if the customers places order above Rs 1000/-.
The most important part for restaurant is, the dcor of restaurant, that means many of customers gets attracted towards the restaurant through dcor stuff, in order to get more and more customers the dcor of the restaurant must be nice.
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FUTURE PROSPECTS
The future of the restaurant industry looks bright. With the increase in demand, the customers patterns, the profit of this industry will also significantly rise. In fact, the restaurant industry has become a popular career option for the youngsters of India. More and more people prefer to diner out with friends and families, so mainly for future research, restaurants should majorly focus for family restaurants with lounge nearby the customers where more and more people can attracted towards. Restaurant must diverse wide range of cuisines in good quality and the cost of the cuisines should not be too high or too less than competitors. With the high standard of living and the change in the lifestyle of the people, more and more consumers are also flocking various restaurants. According to the recent research there has been a growing trend among the Indians to taste various types of cuisines. As the main challenge faced by this industry is to enhance the market growth and that can only be overcome by opening outlets which is nearly suited to customers and restaurant should provide fast food too.