Writing a Business Plan for a Catering Service
For experienced chefs, catering businesses are very popular. This is primarily due to the fact that they have low operating expenses given that expenses are only occurred as it relates to inventory acquisition once an order is placed. Catering businesses are often one of the ways that many chefs make their way into the food and beverage world as an entrepreneur. This is due to the fact that the cost of developing a new catering company are substantially less in developing a restaurant. Over the past 14 years, Deutsch and Thomas has worked extensively with food and beverage entrepreneurs that are seeking to develop catering services. We are familiar with all operating aspects of these businesses, their standard underlying costs, and the amount of revenue that they can generate on a yearly basis. Additionally, within the business plan, we always focus significantly on how your business can develop ongoing relationships with third-party
hospitality businesses, wedding planners, event planners, and corporate event specialists.
Deutsch and Thomas provides its clients with a standard five-year financial model that includes a profit and loss statement, common size income statement, cash flow analysis, balance sheet, breakeven analysis, and all applicable business metrics. In each client we service we always provide two copies of the business plan – one that can be used for obtaining a bank loan while another that can be used for obtaining private investment from a third-party. We always show the business's ability to repay any debt obligation on a month-to-month basis while showcasing a potential strong return on investment for private investor. Additionally, we include all the necessary industry research specific for the catering industry while also providing an in-depth analysis of your local and regional market. A demographic profile and competitive analysis is also included. As standard as well, we always include a full-scale marketing and advertising plan that
showcases all the ways that the business can use to develop its brand name as a catering service.
If you are interested in having a professionally written business plan for your catering service done, please feel free to contact us anytime at 646-216-9844 or through the contact us form on this website.