Business Plan Questions

Nine Questions About the Business Every Business Plan Should Answer

• Who is the new venture's customer?
• How does the customer make decisions about buying this product or service?
• To what degree is the product or service a compelling purchase for the customer?
• How will the product or service be priced?
• How will the venture reach all the identified customer segments?
• How much does it cost (in time and resources) to acquire a customer?
• How much does it cost to produce and deliver the product or service?
• How much does it cost to support a customer?
• How easy is it to retain a customer?

                         Recently The Restaurant and Retail Guys successfully assisted their client Gold Star Chili in finding a new tenant to take over their lease on Foreman Drive off South Broadway in Lexington, KY .     Independent restaurant Bad Wolf Burgers will be opening there later this month .  This will be a great addition to that trade area and the University of Kentucky food scene .        

How to Get the Most for Your Business

How to Get the Most for Your Business

http://www.retaillawadvisor.com/2017/01/19/upscale-food-halls-on-trend-and-on-the-rise/http://www.retaillawadvisor.com/2017/01/19/upscale-food-halls-on-trend-and-on-the-rise/

Pita Bread Machine For Sale in Kentucky

Pita Bread Machine For Sale
A fully functional Pita Bread production machine is for sale in Lexington , KY .
2014 Saltek Advanced Capacity
Includes dough mixer and accessories
Seller will provide two weeks of training
Production rate of 500+ loaves per hour
Original cost $129,000
Asking price $65,000
Serious Inquiries To
Mark Sievers
The Sievers Company LLC
(859) 576 2257 thesieversco@aol.com

When is Consulting Help Needed ?

Kentucky Restaurant Recruiting

GOOD HELP

THESE DAYS

IS HARD TO ...

OH WAIT...

THERE IT IS .

Hire Right First Time Services

With success,

you can attract the right people,

at the right time,

for the right role

across your entire workforce. 

And reward them instantly. 

So you can take constant care 

of the heartbeat of your business:

your people.

As a small business owner, you will pour your heart and soul

into making your business what you have dreamed it would be. To ensure

these efforts, your, investments, and the future are protected,

you need the right people working by your side.

The business of people, although rewarding,

has its own unique challenges. Great teams require 

time and resources. See how you can optimize your

results, reduce turnover, and put your company on the 

path to success.

Email me at eliasfarah4@yahoo.com 

Lexington KY Food Truck For Sale

Food Truck For Sale

Lexington, KY Area

            A well equipped food truck is for sale in central Kentucky .   This vehicle had a new engine installed in 2016  ( engine has less than 20,00 miles ) .

1999 GMC Workhorse

29 feet long

3 compartment sink

Handsink

Griddle

Steam table

2 burner stove

Cold prep station

Soda and water station

Storage

Display

Statewide license

Price -  $31,000 

Food Truck Business Planning Considerations

Food Truck

Business Plan Considerations

1. What is the mission statement and target market ?
2. What is the right size and capability of the food truck you need  ?  For some people an appropriate step is a  cart or concession trailer and for others it might be a full blown food truck ,.
3. What is the projected investment and be sure to include all the costs including soft costs  .   You should also budget a reserve fund .
4. How will the investment be funded ?
5. What is the equipment plan and is it calibrate for the contemplated menu and volume .
6. What does the local food truck competitive landscape look like and how will your concept fit and perhaps fill a void ?
7. What are the state and local permitting laws and health inspection requirements  ?
8. Its important to understand what your break-even is .  
9. You need a human resource plan .   What positions are required , for how many hours per week and when ?   
10. What is the marketing and social media plan .
11. Make sure you understand the impact of operating a successful food truck on your lifestyle .     For many food trucks the highest potential operating times might be evenings and weekends .  For others it might be early mornings .
12. What is the long term plan.   Is it to use a food truck as a stepping stone toward a bricks and mortar operation or another food truck .

 Mark Sievers 

(859) 576 2257

thesieversco@aol.com  

Lexington Restaurant Rumors and News

              Here are some rumors and facts about restaurant news in Lexington , KY that are creating some buzz


1. Bad Wolf Burgers may be relocating

2. I Hop going into old Panera location on Nicholasville Road

3. Cool new concept going into the old Table 310 location

4. Bennigan's  soon to open at the Clarion Hotel at the Athen's I 75 Exit

Recruiting for restaurant positions in Lexington KY

            Elias Farah is working with some local restaurant companies to fill various positions including management and team members .

          Interested parties should contact him at  eliasfarah4@yahoo.com   .

Food Truck Financing Program

Mark Sievers - Restaurant Expert

Restaurant Industry Expert

                  Mark Sievers is a very accomplished former restaurant industry executive with executive level experience ( 27 years )  with national restaurant/foodservice companies (  Jerrico, Long John Silvers, Yorkshire Global Restaurants and YUM! Brands ) in the following areas .:

-         Finance and Accounting

-         Information Technology

-         Supply Chain

-         Franchise Relations

-         Product/Concept Development

            For the last 10 years he has worked for himself as a business broker , consultant and a freelance writer writing on restaurant, food & beverage and business transition topics .    An example of the depth and breadth of his accomplishments in this sector include the follow ;

1. Awarded the Industry Expert designation from the Business Brokerage Press
2. Brokered sale of several food and beverage businesses
3. Performed several Limited Scope Opinion of Value engagements for restaurant clients .
4. Consulting projects for food business start-ups
5. Served as a Kentucky Restaurant Association Board member.
6. Freelance writer for Business Lexington and the Kentucky Business Quarterly
7. Major corporate projects including POS system roll-out ,  restaurant labor system, re-engineering of operations processes, reformulation of restaurant core product , multi-branding project management , etc..    

Whether a single store or multi-unit situation , a restaurant enterprise has many facets that must work together to achieve optimal performance .  Mark’s diversified and multi-functional background enables him to bring a well rounded approach to situations .

Mark holds a BS in Accounting from the University of Kentucky and an MBA in Finance from Xavier ( OH ) University .   He has also attended Executive Education courses at Harvard University .   Mark hold a Kentucky Real Estate License and is affiliated with Apex Realty .     

Restaurant and Retail Consulting Services in Kentucky

A restaurant or retail business is a complex enterprise with many facets
that must work well and work together in order to achieve optimal performance .
Sometimes it is beneficial to have a professional independent third party conduct
a review of the business to identify problems and opportunities .
Elias Farah and Mark Sievers are both highly experienced restaurant and
retail professionals with expertise in operations, finance , marketing, information
technology, menu/product mix management , equipment, franchise issues , real
estate , human resources , supply chain , acquisition due diligence and business
sale assistance .
A restaurant or retail business owner interested in our services should
contact us for a FREE ONE HOUR CONSULTATION

Kentucky Vineyard , Winery and Event Business for sale

http://vinesmart.com/wine/Real_Estate/Vineyards_For_Sale/3048_Vineyard_Winery_and_Event_Venue_For_Sale_in_KY

Does your c-store or neighborhood grocery store have a Millennial strategy ?

                It should..........we can help



http://www.taher.com/millennials-crave-convenience-stores-fast-food/http://www.taher.com/millennials-crave-convenience-stores-fast-food/

Neighborhood Grocery Store in Richmond , KY For Sale

Grocery store in Richmond KY for sale


http://www.bizquest.com/BfsSearch/ViewListing/1298077/

Restaurant Sound System for sale in Lexington KY

$750 for both

Sonos Connect Media Streamer


Atlas CP 400 Amplifier

Used Restaurant Equipment - Lexington KY

Microwave= $ 375.00

Heated holding bin= $ 1,975.00

2 prep tables= $ 284.00

Reach-in freezer= $ 1,488.00

Fryer= $ 708.00

Flat Grill- Toastmaster Pro Series = $ 550.00

+ 6% tax

Antler Chandelier from the Upstart Crow for sale - 55 inches in diameter

Fast Casual Equipment & Furniture Available

          Some equipment and furniture is available from a recently close fast casual restaurant in central KY .   Lots of furniture ( booths, tables and chairs ) .

Menu Design is important

          A Gallup study once showed that most customers will spend 109 seconds reading a menu .

- Don't leave guest preference to chance

- You menu is a marketing , communication AND cost control tool .

         Menu design and presentation is very important !

Restaurant and Retail Business Services
A restaurant or retail business is a complex enterprise with many facets
that must work well and work together in order to achieve optimal performance .
Sometimes it is beneficial to have a professional independent third party conduct
a review of the business to identify problems and opportunities .
Elias Farah and Mark Sievers are both highly experienced restaurant and
retail professionals with expertise in operations, finance , marketing, information
technology, menu/product mix management , equipment, franchise issues , real
estate , human resources , supply chain , acquisition due diligence and business
sale assistance .
A restaurant or retail business owner interested in our services should
contact us .

Neighborhood grocery store for sale in Winchester, KY

        Nice corner location

        Grocery store and small cafe operation

        Opportunity to add some revenue streams

       $480,000 in sales

        $95,000 price includes inventory

Pizzaria for Sale in Lexington

                 Established franchise pizzaria business in Lexington for sale .  This is a nice looking store located on a very business road in Lexington .

Grocery store in Richmond , KY for sale

               Small grocery store with butcher shop operation for sale in Richmond , KY .

              $100,000

Article on how operators are using drones

http://www.franchisetimes.com/February-2017/Drones-help-operators-phone-in-their-work/

Pizzaria Business in Lexington

          An established and profitable pizzaria in Lexington , KY is available .  It is not officially listed but  owner wants to sell .

IdeaFest Outdoors

             Leveraging Appalachian KY's Great Outdoors For Entrepreneurial Opportunity      February 25 , 2107

https://www.facebook.com/events/406015983070369/?ti=icl

Casual theme location

           An opportunity exists to take over a great casual theme location in downtown Lexington .    This is a highly discrete process .   Contact me if there is serious interest .

Mark Sievers
(859) 576 2257

Restaurant and Retail projects we are working on

           Here are some projects we are working on :


1. Preparing a quote to assist a closed retailer in the removal and disposition of inventory and fixtures .

2. Working with a restaurant operator who needs to dispose of some equipment .

3. Working with someone who is planning to open a restaurant and needs some specific pieces of equipment .

Casual Theme Restaurant Venue Opportunity

Casual Theme Restaurant Location Opportunity

Country Club Venue in Central Kentucky

              An opportunity exists for a restaurant entrepreneur to own and operate their own casual theme restaurant business in central Kentucky .      

              The Winchester Country Club    http://www.winchester-cc.com/    is a long established country club in Clark County , KY with outstanding golf , tennis and swimming pool facilities .  However, due to changes in trends , demographics , etc.,  their old business model which included a dining room service supported by member “minimum charges “  does not work anymore .  Often, the restaurant would be open but so few members showed up for lunch or dinner the staffing impact made the dining room  business not financially sound .    Therefore the Board of the Club has decided to not only outsource this function but open up the restaurant to the public .  This creates a great opportunity for the right person or entity to establish their own business in this location and work with the club to create a “win win “ relationship. 

1. The location is an approximately 4,000 sq ft facility with a fully equipped commercial kitchen, separate bar area with seating, and dining room .

2. Approved occupancy of about 140

3. Rent which would include utilities, property taxes and most insurance will need to be negotiated .  The Club is flexible and wants an arrangement to work for everyone .  This is a figure that would need to be worked out .   

4. Rent would include a fully equipped kitchen which means the operator can get into the business with no capital investment .

5.  The 14 week pool season creates an opportunity for add on snack bar sales and profit.

6.  Based on my analysis of the market and conversations with two board members  an appropriate menu would be similar to Ramsay’s in Lexington ……..quality reasonably priced comfort food .

7.   Appropriate signage would need to be agreed upon

8.  There is plenty of room for BBQ smokers , etc.

9. The operator could use this location for a base for catering business

Serious and Interested Parties Should Contact

Mark Sievers

The Sievers Company LLC

(859) 576 2257       thesieversco@aol.com

The Summit at Fritz Farm

        The new Summit at Fritz Farm in Lexington, KY will no doubt reshuffle the deck in South Lexington for restaurants and retail ..



http://www.lex18.com/story/34010205/the-summit-at-fritz-farm-set-to-open-late-spring

Restaurant Human Resouce Recruiting

            Among his many skills and services in the restaurant sector ,  Elias Farah works with many local and regional restaurant enterprises as a human resource recruiter .   In today's competitive marketplace he can assist in the sourcing, recruiting , vetting of quality people for a variety of positions including :

Team Members

Management
   General Managers
   Assistant Managers
   Bar Managers
   Kitchen Managers

Cooks/Chefs

        Contact us today for details .