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.
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
Our experienced food and beverage professionals have enhanced establishments in major cities like Chicago, Dallas, Denver, Las Vegas, Los Angeles, Portland, Washington DC, Seattle, Phoenix, and more.
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!
