FINANCIAL PLANNING [Restaurant Consultant India]

Booming in the restaurant industry has always been a challenging task. All you need to do is to Google ‘failed restaurateurs’ and you’ll get to know that meeting basic requirements are not enough to become a success story.

Financial Planning is one of the key ingredients involved in the success of the restaurant.

Financial Planning ensures that the money which you are spending to make money is used wisely and in a positive and correct direction. There are multiple times when the restaurants face the issue of poor money management. Making a business plan will help you in finding out where they are overspending the money and help in managing the same. In this way, it will help in earning the revenue and making a profit. Some of the common problems which lead to poor money management are too many staff, having too many people working at a time, not keeping detailed account balance and spending too much money on food. Thus, a proper business plan will help in solving the above-mentioned problems and will help in raising the profits. 

You need to follow various steps to ensure the maximum usage of the Financial Planning. We have scooped down for you. They are:

·       START-UP FUNDING

Lack of funding leads to the failure of the business even before it gets started. Money is the bloodline of any business plan and so is the case with the restaurant business. The time period when you will require funding depends upon the nature of the business. There are various ways in which you can raise start-up funds. Some of them are:

Ø Bootstrapping your startup business plan

Ø Get angel investment in your start-up

Ø Raise funds through bank loans

Start-up funding is known as ‘Seed Funding’. It is referred to the money required to start a new business. While the plethora of lending options may make it easier than ever to get started, responsible business owners should ask themselves how much financial assistance they really need.

·        BREAK EVEN ANALYSIS

The break even analysis will let you determine what you need to sell monthly or annually to cover the cost of the business.

It is based on the following three assumptions:

Ø Average per unit sales

Ø Average per unit cost

Ø Monthly fixed price

·        PROJECTED PROFIT AND LOSS

The studies show that the business will undergo loss for the first two years. So, you’ll need the cash reserves invested initially. Once the sales increases, you can expand in various locations to spread brand recognition.

·        PROJECTED CASH FLOW

A projected cash flow statement is used to evaluate cash inflows and outflows to determine when, how much, and for how long cash deficits or surpluses will exist for a farm business during an upcoming time period. That information can then be used to justify loan requests, determine repayment schedules, and plan for short-term investments.

 

We at Estandardz, plan venture which is required to see that what will it take to start a venture and will allow the return of investment and how fast you can cover up the investment and can start generating pure shot profit. We will work closely with your team to create and formulate the financial plan. For more information, you can contact us on www.estandardz.com.

THE SUMMIT - UP INVESTORS SUMMIT 2018

At the crack of dawn, a new day began. It wasn’t an ordinary day for all of us, it was the day to bring together the heads of states and governments, ministers, leaders from the corporate world, senior policymakers, heads of international institutions and academia from around the world to further the cause of economic development in the state and promote cooperation, yes the day was the most coveted- ‘UP INVESTORS SUMMIT 2018’. The event was held in Lucknow. It saw more than 150 speakers and more than 6000 delegates.

The day 21 st February and 22 nd February 2018, was eagerly awaited by Estandardz. The event was inaugurated by the Hon'ble Prime Minister, Shri Narendra Modi. There were various speakers in the event, some to name are Shri Ram Naik (Hon’ble Governor, UP), Shri Yogi Adityanath (Hon’ble CM, UP), Smt Smriti Zubin Irani (Hon’ble Minister for Information; Broadcasting Government of India) and many more. Saw the footfall of Industrialists like Mukesh Ambani, Adani, Kotak and other Big Institutional Investors. It also saw the participation of Delegates from Japan, Finland, Thailand, Mauritius, Slovakia, The Netherlands and the Czech Republic.

Estandardz got an amazing response from the summit. 150+ Investors and Delegates visited the Estandardz and praised the idea and problem we are solving. We were also appreciated by the Civil Aviation Minister, Mr. Nand Gopal Gupta Nandi saying, ’It’s an amazing concept and a new beginning in the Hospitality Industry’. The public was excited and said, ‘I always wanted to be in such an Industry but never knew how to start but now Estandardz is there to make my idea a reality’. It was a new experience and an amazing platform where Estandardz was among very few companies selected to exhibit.

This Summit will bring a big change in Uttar Pradesh. Many policies are reformed in the favor of the Investors so that they can invest very easily in the state. Estandardz is calling Investors who are still looking to open the Restaurant, Hotel, Resort or any venue in the Hospitality Industry can now start in Uttar Pradesh to take the advantage of the reformed policy. Estandardz is the recognized for its hospitality and restaurant consultancy by the Government of Uttar Pradesh and strives to take this Industry to the new heights.

We Got All Your Questions, Answered! [Restaurant Consultant India]

1. Why should you hire us?

Building up a restaurant or a hotel from scratch can be quite a tedious job. It requires constant care and supervision at every stage of development. By hiring us, the consultant experts, for the job, you are getting yourself, someone, to tick off the checklist of tasks which will set up a profitable F&B business. We, at Estandardz, make your dream come true by building the restaurant you’ve always wanted, at the most affordable of prices.

2. What are our success stories?

         

Estandardz is not a consultant firm among the cornucopia of consultants in the field. We have reached the top by striving to provide the best for our customers every single time. Our clients include the GMR Group, @Coffee, Lajawab Banquets and Karry’s Sports Bar and Grill.

3. How do you ensure that our services are the best?

Our client base is the biggest proof of our service quality. Estandardz has the motto of zero compromises when it comes to the satisfaction of our restaurateurs. From the optimal restaurant design to mouth-watering dishes, we serve them all right here. Estandardz is here and now at the top level because our clients had entrusted their dreams with us and we took those dreams over as our own.

4. Do we help you in finding the best location for your dream restaurant?

Estandardz provides 360° services to our clients. The process begins with us listening to your idea for your visionary project. We will hunt down ideal spot for your restaurant and will be happy to help you procure the land. There on we will begin the task of realizing your restaurant dreams.

5. Will we devise optimal tax saving plans for your restaurant?

We have a managerial and financial wing which will handle the monetary expenditures of the restaurant. We also provide a variety of auditing services to ensure that the business runs on full steam with maximum possible profit. Our Audit commanders will efficiently handle the accounts and operations of the restaurant to wisely minimize taxes while our Design and Marketing sections work on the customer-friendly aspects of a restaurant.

6. Will we help you in establishing an online food delivery service?

The IT wing at Estandardz is fully equipped to help our clients built and launch a website of professional standards. Online business will require the best of customer relations which we promise to provide our clients with. We can supply the restaurants new strategies to optimize the delivery services with the help of latest technological advancements and thus quickly rise up in ranks.

  Vll.Will we help you in procuring fresh and high-quality raw materials for your menu?

We believe that any F&B business comes down to how well we satisfy the taste buds of the foodies who visit us. The menu is one of the most important factors here which need extra care and planning. It is equally important that we deliver what we promise. Estandardz is there for you to serve the most delicious of food in your restaurant. Obviously, it includes getting good employees, procuring necessary kitchen equipment and raw materials, that is, the ingredients of the dishes.

VIII.    Do we provide services to install security measures in your restaurant?

Estandardz ensures all round services for any customer who approaches us. We custom the designs to perfectly fit their requirements. As a result, security is a necessary service included in our combo. We avail security personal for our clients and install CCTV cameras as per the need of the structure. We also set up burglar alarms, monitoring systems, fire extinguishers and other technical services to our customers.

Things You Should Place Properly in A Restaurant! [Restaurant Consultant India]

There are a few basic assortments which every customer looks for in a restaurant. If you have them prim and proper, you are probably doing a great job with your business. Why? Because these most basic of things can produce impressive reactions on customers. As people who have witnessed the whole faux pas in our years of providing restaurant services, Estandardz can give you a few pointers on how to get the appearances right. With these tips, we can help you create an impression of being a genial host.

1. Clean tabletops

No matter how busy a time you are having, clean table tops are a must for every single customer. This appeals to the elementary instincts of a person to dine at a clean, well-lighted place. Shiny surfaces are a sight that will tempt your customers to visit more often.

2. Napkins

Often at restaurants, we find the holders not having enough napkins. This is a huge mistake that can create a wrong impression about the shop. Customers are easily made happy if only you cater to their simple necessities. Ensuring that there are napkins for ample use is one such task. They must be placed on the table, where the customers could reach them easily.

3. Menu

The Menu card is a thing most definitely requested for when a guest walks in. A customer would be happy if he/she is not kept waiting

just to be handed over the menu card. It would be ideal to place them on the tables as soon as they are vacated so that the next customer could easily access it.

4. Salt, Pepper, and Ketchup bottles

Many people consider it a little shameful to a request for ketchup bottles or pepper if they are not readily provided with these. The result is that they leave dissatisfied. This is an issue with a very simple solution. So simple that a little attention to the detail of serving can correct it. Be sure to place the salt, pepper and ketchup bottles on all tables instead of providing them when and if asked.

5. Hand washes, soaps, and towels.

The washroom of any restaurant is a place which every guest scrutinizes. Cleanliness is the most important factor in here. But what if you haven’t replenished the bottle of hand sanitiser? The customers could still leave the restaurant displeased no matter how good the food was. Bottles of hand sanitisers on counters, fresh and clean towels properly hung on rads and sparkling mirrors are a sight that will give the customers a homely feel.

5 Reasons Why Interiors Design Is Important For Restaurants [Restaurant Consultant India]

You always hear about the importance of having really attractive

interiors in a restaurant. Wonder why it is actually so stressed upon?

As restaurant consultant with immense experience in the field of the restaurant setup, hospitality consultant and management, Estandardz can provide you with a new outlook on the matter. We can tell you why you must invest in improving the face of your business.

1. Interiors represent the personality of a restaurant. 

Just as we are recognized for our varying selves, restaurants have their own personalities which are expressed through the interiors. It tells the customers a lot about the kind of restaurant they are dining at. If you present a likeable and attractive persona before the visitors, they certainly would be visiting more often.

2. The beautiful it is, the more alluring the restaurant is! 

A thing of beauty is a joy forever, right? Everyone loves to be surrounded by beauty. Likewise, if you invest in embellishing the interiors of the restaurant, it will provide a pleasing view for those who want to dine there. People will certainly find the restaurant perfect for any occasion, be it romantic dinner, friendly get together or family night out.

3. The ambience is everything!

Mostly a calm and soothing atmosphere is preferred while you dine. If the restaurant is a little far from any distractive noises, customers often tend to prefer these for the very reason. The ambience can be improved with the tactical use of illumination and music. If you remember it, the new tagline for the most popular of restaurant chains is ‘food, conversation and music’. Well, it’s proven that they had got it right.

4. The standards of a restaurant are assessed by its interiors.

One always takes a looks at the interiors of a restaurant before they actually decide on dining there. A classy and ordered look is a must for any restaurant. This could make the customers feel more comfortable inside. The dressing of the staff, the overall cleanliness of the restaurant etc is also noted. It is best that you stick to high standards concerning the interiors of your restaurant to keep the business flourishing.

5. Interiors can compliment or add to the food quality.

Imagine dining in a hilltop restaurant with a distant view of snow-capped mountains. It will be breath-taking! You would want to have some delicious dishes to go with the view and one always seem to be able to enjoy the food more with such a sight before your eyes. The principle applies anywhere in the world. A charming atmospheric makes food all the more delightful. Hence the importance of having a simple yet captivating interior to your restaurant.


Visit us at www.estandardz.com for any queries on restaurant consultancy, hospitality consultancy and financial management.

Consultancy: A Roadway To Goodwill [Restaurant Consultant India]

“Why do anything unless it is going to be great?”

                                                                                                   Peter Block

You have a business. You are doing great. You have great knowledge and skills about how to execute your business and no wonder you might have also employed people suiting the work profile according to their skills but there comes a time when you fail to keep the customers or audience hooked to your business.

This is the time when your work becomes clichéd and you need to change the way of your working. But there’s this another thought that this might cost you more which would be another expenditure to you. This might also be not worth the while as the changes they would suggest you might not be good enough for your business to get on quick working and better results with immediate effect.

 Consultancy is basically for the betterment of your firm. There are a good competition in the market nowadays and hence the scope of opportunity is rising parallel to it. The company needs to keep a track and maintain its S.W.O.T analysis time to time as it helps in improving the condition of the organization. The strengths of the organization can be improvised, the weakness can be worked upon, the opportunity can be found out and the threats can be eliminated. 

The organization continuously needs to analyze the business environment as the dynamicity might affect the business. The business environment is constantly changing and doesn’t work on a rule because every business deals with a human who has an ever-changing taste and updating world of trends. It is also the better that makes it tougher so analyzing for the opportunities would be helpful for the firm.

The consultants take up this tough job of keeping a track of your customer's record and their tastes and preferences. They act as a bridge between the firm and their customer as for the firm know their customers well. The consultancies first decide upon firm objectives upon which they need to focus ardently. 

Hence the consultancies make it easier by specifying the area of problem and the area where you need to work upon. Then they decide how do they need to act to the situation. The teach the firm how to react and when it is the high time for the change. This might seem weird but when you go for a consultancy it is like going

for a higher education to master the skills for running the industry in an even better way that nobody has ever thought of because unique is what people get fascinated for and attracted to.

Consultancy is the need for your business not just for its working but for its goodwill as well where after your business will start having mouth marketing by your customer itself so do not ever take it otherwise for an expenditure but a long-term investment because having your firm assisted by a good consultancy will never be regretted by you.

Visit us on www.estandardz, com for any queries on Resturant consultant, a Hospitality consultant, and Financial management. 

Trend Of Open Roof Restaurants [Restaurant Consultant India]

“Eating is one of the great beauties in life. One of my favourite recreations… eating with friends, the service, the ambience.” 

                                                                                              LeRoy Neiman

Ambience affects everything from perception on responsiveness and reliability till making or breaking of deal or relationship.

In a restaurant, good food is what out taste appreciates but a good ambience is a treat to the soul. It is hence for the owner to decide what best would help the restaurant beginning with the atmosphere i.e. if your customers a cosy enough to enjoy their surrounding complimenting the taste served by your restaurant.

The ambience also constitutes of your employees i.e. the manager, the hosts and the waiters and so they ought to be as politely, humble and welcoming as they can. The more efficient work they the more effective and positive results you get for your restaurants. `

So now, the things come down to what sort of interiors your restaurant must have and hence the interiors should be well planned accordingly as no wonder they put a deep impact on the customers from making till ruining the image of your restaurant. Providing a memory for dining that can be reminisced by your customer in sweet melodious voices making soul dance with joy.

There are different types of restaurants such as barbecue, buffet and smorgasbord, café, cafeteria, coffeehouse, destination restaurant, tabletop cooking, Mongolian barbecue, pub and teppanyaki- style. These are the broadly categorised types of restaurants for the set up of one but when it comes down to deeper detailing then there are different ways you can do your restaurant interiors but then comes open-air restaurant.

Open air restaurants are the new cool because restaurants basically serve the family dining, casual dining, corporate dining or party/ function purpose within which casual dining is the most served and hence open are can do the best for it. The open-air restaurant serves as good as the indoor restaurants.

The advantages of the open air restaurants can be:

 The open-air restaurant involves the least of cost i.e. the owner can earn more profit from an open restaurant as it involves next to no electricity and there might be an only nominal cost for cooking which is usual.

 The open-air restaurants attract more of the youngster i.e. customer

from the teenage group providing them with the best atmosphere for having a casual hangout.

 The open-air restaurant provides the customer with an interaction with nature and hence people can also have a natural time.

The disadvantages of open-air restaurants can be:

 Many may not find it hygienic as the food might get contaminated by

the flies and germs.

 Open air restaurants might not be for the elite class.

 The open-air restaurants take time for authentication and establishing an open-air restaurant might take time if it isn’t an already existing branch.

There are no wonder pros and cons for every aspect but then when it comes down to deciding, my suggestion would go for the open air though it might be time taking it would hold least of risk for your business which is viable.

Contemporary new cool is the best to go for it.

Visit us at www.estandardz.com

Gaining Customer Attention Towards the Restaurant [Restaurant Consultant India]

What can you do to improve the customer footfall in your restaurant? Ah, a question that has been more of a puzzle so far. When you are running a business, this is an unavoidable dilemma. The trick is to place yourself in the shoes of the customer and ponder.

Any restaurant needs captivating exteriors first and foremost to improve its customer inflow. There is nothing that will put off a customer like shabby appearances. Unless you are going for a retro design and theme for your place, it is absolutely important that the restaurant looks inviting inside out.

Transparent glass walls are especially capable of luring in customers. These glass walls not only add a touch of elegance to the restaurant but they can also provide passersby with a bird’s eye view of the interiors. It is an ideal tactic to attract more customers during any time of the year.

Another idea to make your restaurant more noticeable is by taking advantage of the olfactory powers of man. Think of how often we have been tempted by some restaurant or coffee shop just with their sweet, tantalizing aromas. The invite sent out by a pot of fresh coffee or a plate of hot, fried chicken is almost irresistible. Set up the kitchen so that the fragrances are wafted out into the air all around to boost your business.

Occasional food festivals or buffets can be a long stride in the restaurant business. Such events will certainly make the place more popular. Everyone jumps in as soon as they hear free food. Naturally, buffets may seem unprofitable but they are helpful in the long run when you look at how they can introduce the dishes of your restaurant to wider public.

Advertisements are the best method to hold eyes. Popping colors and catchy phrases can add to the popularity of any restaurant. The more “cool” they sound, the more customers they can bring in. Ads should be given out only after thorough research of the market and target community. They should be specifically tailored to lure in such particular customers.

In the end, customer reviews do matter a lot. If you can

provide great food and best service in a single platter, word

of mouth alone will bring fame to your eatery.

Visit us at www.estandardz.com

DOES CONSULTANCY PROVIDE A BETTER WAY TO COMPETE WITH THE COMPETITORS

Getting into restaurant business is tough. Staying is even tougher. There is a lot of competition among restaurants and so one needs to come out with flying colors for the same. Thus, there arises a need for restaurant consultancy. A restaurant consultant will give the perspective regarding the business and format for a particular area, and help you in setting up the restaurant business.

Restaurants Consultants are the people with experience and expertise that they have gained over the years working with different restaurants. This experience helps the consultants to compete with the competitors.

We have listed various ways in which one can compete with their competitors and can become one of the leading restaurants.

BETTER TRAINED STAFF

The staff is one of the biggest assets in the restaurant business. The restaurant is identified through its service and so if one’s staff service is better than the other then the restaurant will automatically compete with the others in the business.

Consultancy helps in hiring and training the staff. There are several categories of personnel that is required in a restaurant business such as managers, cooks, servers, dishwashers, hosts, and bartenders. Through this one can compete with their competitors.

DESIGNING A BETTER MENU

Another important thing found out is the design and layout of the menu. Any menu if designed properly can persuade and influence the customers to order more. The menu is the most powerful tool for the marketing of the restaurant and if designed properly can very beneficial in competing with its competitors. The restaurant consultancy firms are appointed to design the menu for them. The consultancy firm reflects the concept and brand of the restaurant. In addition, they keep in mind the budget lines for professional copywriting, production and printing.

BETTER FINANCING TECHNIQUE

Restaurant Financial Planning is another one of the most important components for competing with others in the same business. One can hire the restaurant consulting the firm which will analyze the performance of the restaurant on various parameters like Profit, Loss, Cash Flow Statement, Cost of Sales and Cost of labor. After assessing the data, the firm evaluates their finances and establish structures with will help to compete them with others.

The Financial Plan for your restaurant will include:

 Risk Analysis & Mitigation Plan

 Sales Forecast Break-Even Analysis

 Profit and Loss Statement

 Cash Flow Statement

 Balance Sheet

So, you know how to compete with the competitors with the help of restaurant consulting firm.

Visit us here; http://estandardz.com

Major Issues While Opening A Restaurant?

Owning a restaurant is a dream for many food lovers. You work hard to make it come true. But, wait a sec! Even as you are about to open the shop, there are several things that could either go wrong or could affect your business for worse in future, if you do not take care of them now. It is always best to be sure that you have actually dotted all the ‘ i’s and crossed all the ‘t’s.

Wondering what all should you check on before the grand opening? Here are a few pointers:

1. What kind of restaurant is yours?

Fix a theme for your restaurant and stick to it throughout its development. You might

want Italian cuisine and matching decor or you want a stand-out pub just for drinks. Be specific about the theme of your restaurant right from the beginning. This is one way to lure in customers of any specific category.

It is important that you decide on the type of restaurant for the advertisements and also to choose a name accordingly.

2. The Location

The location of any restaurant is a major question. First and foremost, it is necessary that a restaurant is located in a place where passersby could catch a good glimpse of it. If people could see it, then it means publicity without advertisements. Think about how much more you will need to spend on to simply advertise about the existence of a restaurant? You

must also arrange for parking space for the customers, which can otherwise lead you to miss out on guests.

3. The Interior

Foodies love to visit a restaurant that has beautiful and inviting interiors. It should be so set up that the customers are comfortably seated to enjoy the crafty décor of your place. Give your restaurant a design that will allow light in during the mornings. For the night time, bring out a mix of shadows and artificial lights to give ambiance to the interiors.

Exteriors of the restaurant must be well kept to create an impression in the minds of customers. It can have beautiful lawns or have classy white looks. Keep in mind that looks do matter in this case.

4. The kitchen

Have you ascertained that your kitchen is fully equipped to meet all situations? You must have already chosen an excellent chef and supporting staff, but their functionality is a decisive factor in the success of your restaurant. The staff should be experienced and able

enough to handle the busy lunch times or dinners in future. The kitchen should also be set up to be of maximum help to the chefs.

5. Advertisements

Have you given proper thought into advertising your new restaurant? For people to know that you are beginning on a new venture, you should be able to sell the news well. Organise a grand opening day with free samples to bring in customers on the first day. Serve them a sample of the best items on your menu so they could get a taste of your restaurant. Such promotions could go a long way in giving publicity to a new shop.

Visit us here: http://www.estandardz.com