Some Things to Consider in Establishing a Food Business

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Due to economic crisis, it is hard to decide which business should be started. In order to minimize the risk, a thorough study must be undertaken. Food business is very rewarding since man can give up almost everything except food. Men have to eat in order to live. But of course, you will also to be considered the location, security, market, management, facility, and financial to certain that the business could be carried out profitably. Examples of food business are restaurant, canteen, fast food, bars, coffee shop and many more. Location

Location is one of the important things to consider when planning any business. Choose the best place to establish a food business. The location should be accessible to your prospective customer. As much as possible, it should be located near colleges, municipal, church, hospital, public and private offices and residences. Security

Safeness of your business should also be considered. The business is secure if it is located around several establishments. Market
Know the population of your place in order to know if there are enough people who will patronize your food business. Also, observe your competitors to be able to assume the demands. Food offers must be affordable to the people who live on your community. Facilities

Find out the facilities to be used in your business such as the tables, chairs, cooking utensils, etc. Management
Identify the personnel to be hired.
Estimate the total capital requirements. Forecast the monthly income and expenses of your food business in order to know the potential profits. Consider also the sources of financing. Waste Management

Proper disposal of waste should be implemented. What will be the waste disposal method to be adopted. Tags: food business
Category: Sample Feasibility Study | Comments Off
Example / Sample of a Feasibility Study
September 9, 2008, 12:21 am
Feasibility Study of Establishing Cindy’s Fast Food Branch Along Plaza of Balanga, Bataan 1. General Objectives
1.1. Description of the Business Project
The proposed business will need a two-storey building in a 2,000 square-meter lot with a parking space at the rear. The customer will drive in the left entrance greeted by the water-sprinkled Indian trees partly shielding the establishment from the fumes coming from the busy street. Embraced by the multi-colored lights, the trees will set the cosmopolitan setting to a rustic atmosphere. The building will be constructed to hide the stockroom complementing the architectural masterpiece. The smoothly cemented exit passing through the well-manicured lawn will draw sights of satisfaction from the customers. The state-of-the-art tables, chairs and utensils will enhance the customers feeling that they are in a five-star hotel. Very affordable, the food will enthrall every customer to come and savor the food over the widely spaced tables on the immaculately marbled floor. The electronically flushing system of the restrooms will motivate the customers to force their friends and relatives to frequent this new Cindy’s Branch at the heart of the Balanga. 1.2. Project Time Table

All minor details considered, the project will start serving the five thousand targeted daily customers within five months. The contractors will complete the fence and the framework of the building in the first month. They will finish the walls and the floors in the second month. They will install the electrical and the air conditioning units in the third month. After the first and second layer coating, they will complete the final painting in the fourth month and finally they will landscape and plant balled-trees in the fifth month. As the project will be in progress, the company will busy the facilities to be used. 1.3. Management of the Business

With three managers alternately scheduled on the eight hour duty to man the 95crew in the 24 hour service, the business will surely satisfy the customers, propelling profit to soar. The personnel will...
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