Feasibility Studies
We assess the likelihood of success and potential risks linked to your restaurant venture.
In the restaurant sector, a Restaurant Feasibility Study is of paramount importance. Our
seasoned food industry consultants will visit your site, juxtapose your concept’s distinct
elements with the site’s specific characteristics, and then provide a financial projection
for your venture. Our feasibility studies encompass:
- On-site evaluation of your location, local community, and competitive landscape.
- Definition of primary, secondary, and tertiary trading zones.
- Scrutiny of prevalent demographic and lifestyle groups within the trading area.
- Identify the target guest profile and its prevalence within the primary trading zone.
- Assessment of the magnitude of these target groups.
- Comprehensive review of the competitive array of restaurants in the vicinity.
- Identification of overrepresented and underrepresented concepts, shedding light on market gaps.
- Collation of popular restaurant ideas in the area for benchmarking, potential openings, and absent themes.
- Comparison of local restaurant revenue metrics against national standards.
- Examination of potential impediments concerning traffic and location for the chosen site.
- Presentation of anticipated yearly sales projections for the budding restaurant concept based on our insights.
Equally vital is a Business Plan, which articulates business aims, justifies their viability,
and charts a path towards realizing profit milestones and wealth accumulation. We’ve
discerned through our vast experience that marrying a meticulous business plan with a
thorough feasibility study optimizes a restaurant’s capability to set and achieve goals,
benefiting its stakeholders routinely.
With The McFadden-Finch Restaurant Consulting Group, your business plan will be
holistic, addressing:
- Confidentiality Accord
- Executive Synopsis
- Examination of the Market
- Business Synopsis
- Underlying Assumptions and Their Clarifications
- Offerings and Services
- Operational Blueprint
- Leadership and Proprietorship Structure
- Required Capital and Its Applications
- Vision Statement
- Projections for Year 1 Sales, Profits & Breakeven Point
- 5-Year Forecast
- Analysis of Return on Investment
Let McFadden-Finch Restaurant Consulting pave the path for your restaurant's
flourishing journey. Reach out to us today to initiate your customized restaurant
feasibility study!
Contact McFadden-Finch's restaurant marketing consultants today to kickstart your brand development journey!
