It is one thing to plan for a party or want to host some guests in the comfort of your home; and it is yet another to have them well catered for. This is where adequate organization and projections come to fore. This means that if you were planning for a party for instance, you have got to be sure about the number of guests you are expecting, the type of food that appeals to them, as well as how you intend going about the preparation. Indeed having to go through all these steps, might be a bit tasking, however, good news is that there are folks who can take away the burden.
Because you are serving food, a successful catering business must have a deep understanding of health codes and permitting requirements on a local, state, and federal level. In addition, many catering companies try to grow too quickly, and expand in ways that are not necessarily sustainable long-term.
To avoid falling into these traps, a written business plan is absolutely critical. Also, if you plan to seek funding, investors and lenders will use your business plan to decide whether your catering company is a good investment.
It provides a snapshot of your catering company at this moment in time, and it lays out a guided plan for growth over the next three to five years.
The business plan defines your goals, identifies potential roadblocks, and details your strategies for reaching your goals. It is a living document that will evolve as your catering company grows and changes. Executive Summary Although it is normally the last section written, the executive summary is the introduction to your business plan.
The first page tells investors and lenders whether it is worth reading more, so make that page count. Give a simple, concise description of your catering business, a summary of your market analysis that proves your catering company meets an identified need, and a short explanation of why your business is uniquely suited to fulfill that need.
Company Analysis The company analysis is a detailed look at your catering business as it exists today. Talk about its founding, legal structure, and current stage of business.
Describe past milestones, such as partnering with a key vendor or meeting a funding goal. Elaborate on the unique qualifications you mentioned in the executive summary, from hiring a locally known chef to securing exclusive rights to a competition-winning recipe.
Industry Analysis In the industry analysis, focus on your relative market, or the particular catering niche into which your company fits. Do you specialize in buffet meals for private events? Do you serve plated meals?
Do you focus on a specific type of cuisine? Decide how your catering company fits into the overall industry, and then research trends and projections that affect your part of the industry. Describe your plan for meeting any challenges that your research unearths. Customer Analysis The customer analysis requires you to drill down and determine exactly who your target customers are.
Do you want to primarily cater weddings and high-end private events? Do you want to target corporations? Are your customers middle income families or the wealthy elite? How do they make their buying decisions?
Is there a specific level or style of service they want, or is the food the most important? Identify your customer demographics, and describe how your catering company will meet their specific needs. Competitive Analysis Your direct competitors are other caterers who fulfill the same need for the same market.
Your indirect competitors fulfill the same need for a different market, or a different need for the same market.
Name your direct competitors and talk about what makes your catering company stand apart. Group your indirect competitors into a single category and talk about them as a whole.Thinking of getting into catering? Make sure you have a detailed business plan to start with.
Catering Business Plan Sample. Thinking of getting into catering? Make sure you have a detailed business plan to start with. Hydroponics Farm Business Plan Executive Summary.
Introduction. Executive Summary. 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 standbys. Executive Summary Fressen Catering is a kosher catering company that serves the Philadelphia market.
Fressen offers creative, colorful, and unusual food options for .
Free Catering Company Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Executive Summary. The full industry research for the Catering Company Business plan is available with the purchase of the full business plan.
Customer Profile. Our management team is comprised of individuals whose backgrounds consist of 50 years experience in food, restaurant and hotel, catering, management, finance, marketing, art and motion pictures. Catering will be a major part of the business.
This catering proposal is suitable for small and midsize businesses that provide catering services. This proposal will work great for restaurants, catering companies, etc.