Professional Documents
Culture Documents
(IPAM)
INDIVIDUAL ASSIGNMENT
MODULE:
NAME:
1
1. Industry Overview
2. Executive Summary
3. Management
4. Objectives
9. SWOT Analysis
15. Distribution
16. Promotion
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19. Financial Plan
1. Industry Overview
Whether you are a foodie or not, truth is that as humans food is one essential thing
that just must not be toiled with. It is no wonder that plenty die of starvation where
there is nothing to eat to replenish lost strength. As such, the restaurant business all
over the globe is one business that generates huge income annually and can
Any business person who gets involved in the food industry is sure to get good
returns on investment if the business is well positioned. One good thing about the
restaurant business is that an owner has the sole right to determine the price they
want to sell their menu irrespective of what others around them might – especially if
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There is no contesting the fact that food is one of the basic needs of people. It is for
that reason that a many people do all it takes to eat when they are hungry and
Restaurants are such places that is designed to address such needs. There are
various kinds of restaurants all over the world. Here are a few examples. We have:
International restaurants
Local restaurants
These food shops are designed to meet various needs of different tribes, faiths and
races. In most cases, it is the community where the restaurant is to be situated that
Local restaurant of restaurant or a family style restaurant might just be the best
option.
restaurant or even a fast food style restaurant irrespective of where they are
located. However, if you choose to start a restaurant in a city that hosts thousands
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Over and above, it pays an individual to acquire cooking skills, as well as undertake
a thorough and in-depth feasibility studies before choosing the style of restaurant to
start, the location to set up the business and the pricing system to adopt for the
business.
Despite growing at a relatively sluggish pace, restaurant foods still continues to offer
growth opportunities for business owner and retailers alike in Sierra Leone. Catering
to indulgence trend in the some of the fastest growing markets in Sierra Leone,
pastries stand out as the biggest contributor to sector growth. Factors fuelling
market expansion include convenience, affordability and health benefits of take out
food. Demand for healthier fortified foods has also driven sales.
Demand for baked and fried goods is also being driven by changing lifestyles, which
leaves little time to prepare meals. Busy consumers are increasingly quick to buy
The fried goods industry, encompassing products such as bread, sandwich, cakes,
pastries and scones, is represents good market potential in Sierra Leone as western
Key Segments
Sandwich and chips represent the leading market segment in the food industry.
needs. Demand for both healthier options and more indulgent products continues to
rise together, with consumers opting for both healthy products and premium-priced
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restaurant foods such as Shawarma, pastries, Sandwich and luxury breakfast
cereals.
Market Outlook
Demand for baked and fried food has been changing to reflect evolving consumer
lifestyles and eating habits. Satisfying both health concerns and indulgence,
consumers are opting for whole grain baked and fried goods free of trans-fats with
Demand for baked and fries products promising functional and health benefits will
continue to climb as consumers opt for products with low-carbohydrate, organic and
natural ingredient products. Gluten-free products are one such range benefiting from
likely adapt their products to remove trans-fats, include more natural ingredients,
and limiting the amount of additives and synthetic products used. Other innovations
Pastries are the fastest growing category among baked goods, accounting for almost
80% of absolute volume growth over 2018-2020. Product innovation and increased
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• Health and wellness is key to adding value to bread, whilst indulgence and
To boost bread sales volumes, manufacturers are looking into merging taste and
health through adding fibre and vegetable or a mix of protein and fibre. Demand for
pastries and fried food are being driven by indulgence and flavour innovation, with
• Traditional grocery retailers are still the most important channel but major
The demand for processed foods in Sierra Leone is very difficult to quantify, as
reliable data do not exist. Import statistics for processed food and beverages and
government production statistics are listed in categories that are too broad to be
From the experience of the consultants, it is helpful to categorize the market into
consumer groups:
Well-off urban population (plus the small number of wealthy rural people)
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Restaurants and snack bars
Some of these categories can be further sub-divided into categories based on age,
sex, foods for religious or ceremonial occasions, foods for office workers, etc.
Processed foods can similarly be grouped according to demand by each of the above
countries. Rural populations have little disposable income and mostly purchase
staples such as flour, cooking oil and sugar. However, the large numbers of rural
poor mean that even if each family only buys a small amount occasionally, the total
market is larger than would be expected from casual observation. Demand in urban
paramount to the success of your business. If food safety isn’t prioritized, the
Poor food safety practices can be costly for your operation, resulting in loss of
customers, sales and reputation, negative media exposure, lowered staff morale,
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lawsuits, and legal fees, increased insurance premiums, staff missing work and staff
retraining. More importantly, though, are the human costs such as missing work,
2. Executive Summary
Madam Battis International restaurant is a 150 seat family style restaurant that is
solely owned by Mary Katumu Battis and family. The restaurant is to be located in
the heart of Freetown and it is designed in such way to make people of different
ethnicity and cultures feel at home, as well as connect with their heritage and
culture despite being thousands of kilo meters away from their home towns or
countries.
The restaurant will be a place where over fifty local and International delicacies will
be available per time prepared by some of the finest chefs in Freetown. We choose
to start the first outlet of our International restaurant in PZ, Freetown because of the
The fact that we have a bias for the African community makes PZ the most suitable
destination to kick starts our business project. As a result, we know that we just
couldn’t go wrong if we started this business from here by all means. Madam Battis
Freetown.
Beyond opening our doors to customers to come in and have their meals in a
comfortable environment with tons of music that will remind them of their culture
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and heritage, we will also offer food delivery services to the chunk of our clients who
place orders for any of our international meals; and this is irrespective of the part of
We shall as well run a cooking school and also offer outdoor catering services base
on demands. This is because we are aware of the fact that there are loads of
Africans in this city who might be too overwhelmed with making out a living, so that
they aren’t chanced to whip up some party meals when the need arises.
Our plan is to position the business to become the leading brand in restaurant
business in Freetown, and also to be amongst the top 20 restaurants in Sierra Leone
This might look too tall a dream but we are optimistic that this will surely come to
pass because we have done our research and feasibility studies and we are
enthusiastic and confident that Freetown is the right place to launch our
Currently, we have been able to secure a location to set-up the first outlet of the
restaurant in Freetown and we are still working towards securing the necessary
documentation and permits before swinging into full action to get the place ready for
business.
Our ultimate goal is not to build a successful single unit, first class, International
restaurant in the heart of Freetown, but to open a minimum of one outlet of our
International restaurant in major towns all across Sierra Leone. We have perfected
plans to attract traffic on a daily basis to our restaurant- people from various
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cultures, race and country et al. Much more than creating an ambiance where
people can feel relaxed to enjoy our delicacies, we have also put plans in place that
It is for that reason that we will install CCTV cameras at strategic places and our
manner. Therefore, our clients can be rest assured of their safety when they visit
because we intend attracting celebrities and the crème de la crème in the society, in
The set date for opening our doors for business is February 1st, 2022 and we are
indeed working hard to make that date a reality. So far, we have been able to raise
60 percent of the startup capital required and we are in the process of securing the
last 40 percent.
The total budget for setting up our International restaurant is about Le 100,000,000
and we can categorically say that we already have about Le 75,000,000. In addition,
we are at the verge of receiving the last trench of Le 75,000,000 loan from our
bank.
3. Management
The restaurant is led by Mary Katumu Battis, an industry veteran. Her restaurant
experience began 12 years ago as a server. She quickly moved up to fine dining
serving where she perfected her formal, customer-centric serving approach. For the
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last five years Mary has been the manager at an African restaurant with over Le
years ago as a teenager in the city. Lily came from a large family and it quickly
became her responsibility to cook for the entire family. Her mother, who had three
generations of traditional recipes, trained her. Mary quickly mastered these and
began experimenting with her own dishes. The feedback from her family was always
very positive. She knew one day she would have to parlay this skill into a business
opportunity.
4. Objectives
To repay all accrued debts before the end of the second year.
Company Summary
Madam Battis International restaurant creates and serves a wild atmosphere for
dining and eloquent mediterranean feasts for people who love the restaurant and
bar scene, as well as a good time spent out on the town. Its customers are creative,
fun-seeking, and sophisticated diners who wish to be best served by the restaurant
they choose.
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Company Ownership
majority by its founder and president Mary Katumu Battis. The business employs the
Start-up Summary
rent, and legal and consulting costs associated with opening our first restaurant. We
and Le 10,000,000 of long-term assets. The start-up costs are to be financed some
environment for people to dine and meet. We have a full Mediterranean Honey bar
for young adults and adults to enjoy drinks and music. We also provide the value of
flawless and creative staff at a “hip” location located on Sunset Strip with valet
included.
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Market Analysis Summary
On Madam Batis International on local and tourist active restaurant seekers, with
special focus on young adults with a Le 30-50m/year income and a desire for good
Market Segmentation
Our target market segmentation is divided between young restaurant seekers with
money to spend, as well as other adults and tourists who are known to frequent
Sunset Blvd. for recreational enjoyment. Defining the high-end crowd is difficult
demographics of the area, our personal crowd would consist of young adults (ages
20-29) and adults (ages 30-50), both male and female, usually at least one year of
college if not already fully graduated. Our geographics include people from the local
Hollywood area, party animals from other neighboring cities, and tourists from other
states and countries. The psychographics of our clientele include “yuppies, big
spenders, club hoppers, baby boomers, Sunset rats, etc…” The buying patterns of
our clientele will be people who like to spend money on pampering themselves, on
quality food, feeling special, projecting an image of wealth, trying new things, and
thrill seeking.
The fact that we are starting an International restaurant means that we must meet
the needs of our clients especially migrants who truly want to reconnect via food
with their culture and heritage. We know that giving those who come to our
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restaurant a home away from home experience would go a long way in breeding
repeat customers. In view of that, we have specifically listed at least 100 different
record time
a place where migrants, tourists and people of all walks of life can reconnect with
their culture and heritage via their local delicacies, drinks and music.
Mission
Our mission statement at Madam Battis International restaurant is: To offer to our
customers; nutritious, healthy, and unique meals prepared with astounding food
recipes that would leave them satisfied with our quality services.
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Taking into consideration the welfare of our customers and staff and treating
unique Mediterranean taste and an excellent bar and grill atmosphere. The mission
is not only to have great tasting food, but have efficient and friendly service. Our
with walls on almost all sides that are constantly wet with running water and a lush
and quality food that is always fresh and specially selected. We will not judge a
customer on class or dress. We want the On The Water grill to be place people can
enjoy a good meal and meet new friends at our tropical Mediterranean Honey bar
Spicy Foods Restaurant hopes to hire employees as it expands over time. At least a
total of 19 employees would constitute our staff team. The restaurant will be owned
by John and Jane Kings, and together, they will personally select highly qualified and
Many of the managerial positions will initially be occupied by the Kings due to their
wealth of experience and training. John Kings, who had previously held positions as
Assistant Manager and later General Manager at various restaurants in Boston, will
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While Jane Kings, who has a wealth of 6-year work experience preparing meals in
various reputable restaurants in Las Vegas and Dallas, will initially occupy the
These are the following roles and positions that will be duly occupied before opening
Chef
Restaurant Manager
Cashiers
Dispatch Riders
Security Officers
Cleaners
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8. Job Roles and Responsibilities
overall direction – i.e. leading the development and implementation of the overall
organization’s strategy.
Restaurant Manager-:
Ensure that the restaurant facility is in tip top shape and conducive enough to
welcome customers
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Interfaces with third – party providers (vendors)
Chief Chef-:
Makes sure that the meals being whipped up tastes really good
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Any other duty as assigned by the Chief Operating Officer / restaurant manager
Waiters / Waitress
Ensures that unoccupied tables are always set and ready for customers
Any other duty as assigned by the Chief Operating officer / restaurant manager
Accountant / Cashier-:
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Dispatch Rider-:
Security Officers
Cleaners-:
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Any other duty as assigned by the restaurant manager
9. SWOT Analysis
When it comes to starting a new business, one of the areas that will help
entrepreneurs position their business in such a way that the trade will break even
within the shortest time frame, is to critically conduct SWOT analysis before
With the help of competent business consultants, we have been able to carry out
Strength-:
Our strength is anchored on our ability to serve our customers through the options
of having them either visit our restaurant to have their breakfast, lunch or dinner or
by delivering their orders straight to their houses, offices, or any location of their
choice. The fact that we offer outdoor catering services and also culinary training
Weakness-:
So far, we have been able to identify a few weakness on our part. The fact that we
might possibly launch out big with a bang and start competing with major restaurant
brand in Sierra Leonemay likely count to our disadvantage, but we are perfecting
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plans on our own part to leverage on our moderate resources (finance and
Opportunities-:
Beyond every reasonable doubt, the opportunities within our disposal are unlimited.
Restaurant business in Freetown and even in the whole of the Sierra Leone is indeed
a profitable business venture. For instance; our CEO is an active member of the Elite
women Sierra Leone and she is one of the highly recognized women leaders in
Freetown.
Another opportunity that we stand to explore is the point that our restaurant is
from upcountry resides. Lastly, the fact that we offer outdoor catering services and
culinary training gives us the privilege to market our International restaurant to our
target market.
Threat-:
The threat that is likely going to confront us is the fact that we are competing with
already established restaurants that serve international meals, and also there are
other entrepreneurs who are likely going to launch similar business within the
location of our business. Of course, they will compete with us in winning over the
available market.
Another threat that we are likely going to face is the area of government policies.
This is especially when it comes to the importation of our raw ingredients that can’t
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be found / cultivated in Sierra Leone from Africa, Asia and Europe. We therefore fear
that if the government of Sierra Leone places embargo on importation of our major
SERVICES
Madam Battis International restaurant will be open 7 days a week – that is every
We will offer a lunch and dinner menu. On our lunch and dinner menu, we will offer
veggie sandwiches, vegetable and chicken soups, chips, and a variety of salads.
Also, we will offer a variety of beverages such as coffee, tea, soft drinks, and
beverages. For dinner, we will in addition to the menu, offer take-outs to our
customers.
The restaurant industry could be described as a large and diverse one, having so
food and beverage services to customers who seat, order for food, eat, and
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thereafter pay for services. Sometimes, most of these restaurants offer take-out
These restaurants, unlike the FSR, offer limited services which include buffets,
Market Trends
The market trend when it comes to International restaurant / delicacies is that; most
of the clients that patronize these restaurants are not necessarily from Sierra Leone
where these meals originate from. As such, they just want to have a feel of the meal
For example; people that patronize Chinese restaurants are not necessarily Chinese
folks. People from different country and culture just love Chinese meals and they are
willing to pay a premium when compared to the prices of what normal menus – local
In essence, when you run an International restaurant, your target market should not
be restricted to only migrants from the regions where the meals originates from, but
everyone who is willing to explore when it comes to foods. With good publicity, the
meal of a foreign country can become popular in Sierra Leone just like Chinese
delicacies, Nigerian delicacies and what have you. Part of the marketing and sales
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Opening of our International restaurant with a big party (This means that we plan to
invite people from diplomatic communities, the corporate communities and people
Neighbourhood, door to door and mouth to ear mode of adverts to introduce our
business
Engage in road shows ( make some open air noise) to introduce our business
Send proposals to NGOs and corporate organizations to handle their kitchen arm of
Sponsor relevant events, such as cooking competitions, and cultural events, et al.
We are quite aware that the target market for restaurant cum food business cuts
across people of all walks of life, since everybody needs food to survive and we are
prepared to meet the needs of as much people as we can, within the various
The market is segmented into two: The residential and the business community.
people and multi-family housing. MBIR had chosen its location to appeal to the
increasing number of households in the area. A lot of the people living in this area
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would close from work at the end of the day’s work and come for well-prepared
Madam Batis International Restaurant will focus on attracting young adults and
adults ages 20-55, with an annual income of at least Le20m to Le50m. We will
concentrate on the high-end spenders who enjoy new restaurants, eating out, a fun
atmosphere, and high-end food and service. We want the slay queens, OGs, high-
end clubbers, tourists with money, wealthy image seekers and compulsive spenders.
We focus on these specific groups because these are the types of people who
frequent other clubs and restaurants like ours. They are the ones that are willing to
demographics of the area; our personal crowd would consist of young adults and
adults ages 20-55, both male and female, usually at least one year of college if not
already fully graduated. Our Geographic’s include people from the central business
area, Business sellers from PZ, and foreigners from other countries. The buying
patterns of our clientele will be people who like to spend money on pampering
In order to stay focused on the kind of business brand we intend building, we have
clearly defined certain groups of people as our main target. They are:
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Migrants
International Tourists
Top Executives
Families
Celebrities
Residence
Corporate Organizations
From our research and feasibility studies, we were able to discover loads of
fact, most of them have stayed long enough (10 years and above) in the business
and they have mastered the market. The sole fact that they have stayed this long
Since we are aware of this obvious detail, we have decided to adopt a unique
strategy that will help us gain our own market share, stay afloat in the industry and
steadily walk our way to the top of restaurant business in Freetown and the rest of
the country.
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And part of the strategy that will give Madam Battis International restaurant
competitive advantage in the market place is; the point that we will not only serve
various International delicacies in a cozy environment that will make our customers
connect with their culture and heritage, we will offer home delivery services, we will
offer culinary training and we will also offer outdoor catering services, as demanded
by our clients.
Madam Battis International restaurant will station itself as one of the leading
First, we will make sure to offer our customers healthy and nutritious meals that
have been prepared with quality, nutritious, and organic ingredients at affordable
prices. Our restaurant will provide customers a welcoming atmosphere that keeps
them comfortable and relaxed while they enjoy their meals. We will also provide
Second, Madam Battis International restaurant will also stay active and up-to-date
with the latest development in the industry regarding market trends. In addition to
having a website, we will create an online presence on social media platforms like
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Sources of Income
Generating enough income to take care of overhead and operational cost might not
come so easy for a new business. As a matter of fact, most new businesses budget
for money to pay employees and run the business for as long as 6 months or so,
because they know that they might likely not make the money they require to
This is because they conversant of the teething stage which nearly all businesses
face upon inception. As a result of our findings, we have adopted a strategy that will
Of course, our business goal is to run a first class International restaurant, but every
other means of generating fund for the business is in line with providing delicacies to
our highly esteemed customers which is our business mission. Here are the sources
restaurant;
Sales of drinks (local and International), wine (local and International), beverages
and water, et al
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14. Sales Forecast
It is important to state that our sales forecast is based on the data gathered during
our feasibility studies and also assumptions. This is for sales projections based on
what we saw.
Lunch-:
Typical lunches per year (in full year) is 50,200 (estimated figure)
Dinner-:
Typical dinners per year (in full year) is 70,000 (estimated figure)
On the average over 80% of people who purchase dinner or lunch would consume
drinks
This equates to 120 drinks for lunch and 144 bottle of drinks / wine / beverage for
dinner in a day
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N.B-: The possibility of the figure to increase by 25 percent or more cannot be ruled
out. Research shows that people who consume alcohol are generally not satisfied
with just one bottle, especially when they have the financial resources to purchase a
We are quite aware that the market for International meals is on the increase, and
we are also aware that loads of restaurants in Sierra Leone deal in International
delicacies. In view of that, we have been able to work out plans that will help us win
marketing and sales strategy, until we are able to get a hang of the kind of result we
are looking for. In essence, our sales and marketing strategy just like every one of
our business strategies will remain flexible. In nut a shell, we will explore the
business:
Sales Reps
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Online Marketing (via our official website, social media platforms and blog et al)
Referral Marketing
Public relations during our culinary training sessions and outdoor catering services
Milestones
The following table lists important program milestones, with dates and managers in
charge, and budgets for each. The milestone schedule indicates our emphasis
on planning for implementation. The most important programs are the sales and
marketing programs.
Management Summary
who work at Madam Battis International restaurant want to work there because we
one.
Personnel Plan
The personnel plan reflects what we would like to keep as a steady positioning
throughout the years. Our total headcount will increase from 8 to 12 come
December because that’s the beginning of our “good” season. However, we plan to
keep the head count at 12 because of the space and dynamics of the restaurant. It
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appears we don’t need more than 12 employees to run the business until the fourth
15. Distribution
Recreation centres, offices, small independent shops, cafes, colleges and to major
will be our starting point, as they provide valuable product traffic and awareness of
our food. Ambuger and sandwich (take-aways) will provide additional distribution
locations, and also to increase our brand awareness. For distribution to catering
organizations, we will utilize the couriers to some extent, but will also send our food
directly with the deliveries for Madam Battis International restaurant. Our costs will
Our second target for distribution is directly to people in their homes. By getting
Distribution directly to the consumer will be done daily by the couriers who will
receive their route and transportation options. We aim to have a large share of our
customers within walking distance of the restaurant but have bikes available for
longer distances. In some cases, the courier may use a car, or the company delivery
van. Each courier will be able to carry up to 500 takeaways per trip, and will be
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expected to make three trips per day. With customers receiving an average of 1 loaf
every 6 days, we can service 1200 takeaways Customers per courier. The courier
The third distribution strategy for our products would be through our store-front
shop. Hopefully, in the future we will be able to offer large delivery services, but
during start-up we will work out of our own small deliveries. Customers will be able
to walk in and buy our foods, as well as set and/or send orders by telephone, online,
used by our customers who will enjoy a convenient coffee & tea drink, and the
general atmosphere of the store. Because the majority of our products will be baked
and fry fresh daily, we will provide for the expected customer estimate of 200-500
customers per day and specialty food will be made after an order is placed. At the
end of the day, we will move all of our not purchased goods into an area for ―Day
Old‖ food where people will be able to buy the not fresh food for half the price of
what we would normally sell it for. Customers who target this as their opportunity to
purchase from us may not be given the advantage of our variety but will receive the
opportunity for lower priced goods. By the second day if the products are still not
customers require deliveries once or twice a week, whilst larger companies will
require a daily delivery service. Time of delivery will also be an important factor for
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many of our customers and we will do our utmost to accommodate their
16. Promotion
We will start with excellent products at a competitive price, but then make our
to get visibility of our offerings, we will use a variety of advertising channels and
promotions.
Printed advertisements, which will run during the opening week, will highlight snacks
printed advertisements will run during the Easter and Christmas seasons. Costs for
Marketing Materials
Marketing materials for Madam Battis International Restaurant will include the
following items:
Tri-fold brochure/menu
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Print advertisements in newspapers such as the New Vision and the Daily
Monitor
Cable TV advertisements
We will incorporate business cards and brochures that provide our menu and
product selection, a window display that will be a direct visual appeal, and in the
hope that our idea to sell ―Day Old food for half price will promote our products,
although we want to be known as a Restaurant that sells our fresh baked or fried
food and pastries. If allowed we may also try to go to other local coffee shops and
small business to post flyers to promote the Madam Battis International Restaurant.
We also expect that our valued community involvement will also work as a
promotion by improving the public view of our business and advertising to the
In order to promote our products in the markets, we will also provide sample bread,
and offer demos to engage with customers. We will also participate in food events
Leads for Madam Battis International Restaurant will be generated through the
following means:
checkout
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Business referrals from area businesses via a six month introductory
Referrals
Customer Referrals:
Madam Battis International Restaurant will have business cards available at the
counter which offer a free baked food with any purchase on the back. The checkout
clerk will encourage the customer to pass this business card on to someone else so
that they can redeem it for the free baked food. Some may choose to use it for
themselves, but it is hoped that many will give it to someone else, as they will be
Business Referrals:
Madam Battis International Restaurant will seek referrals from PZ businesses who
share its environmentally-conscious mission. These include "Mark Group" firms and
month promotion to individuals from these firms (when they show ID) which grants
them Madam Battis International Restaurant Club deals without having to sign up for
the Club. We hope that these firms will pass on the information about this deal to
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their employees, as it is in keeping with their own mission and an additional perk
Sufficient storage areas for both ingredients and finished articles are essential. The
bulk line of ingredients such as 25kg bags or 20kg cartons are generally best stored
on a pallet off the floor in the main storage area. If there is insufficient space some
Smaller ingredients are more conveniently stored in cupboards or shelves above the
work or finishing benches. Finished articles can be stored in mobile tray racks in the
store-house or in storage racks under the benches. Storage racks under the finishing
Utilities Requirement
Main utilities would be gas, power and water. Distribution transformer station,
loading capacity averaging 10 KW, 3-phase industrial meter is estimated to fulfil the
Madam Battis International Restaurant is primarily a food company, and the root of
the operation is production of fast food. The other two critical components are sales
and distribution. To reach the scale we intend, it will become necessary to include
management.
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18. Product Mix Offered
Managing the restaurant products merchandising mix involves decision about what
products to carry, styles, models, colors, sizes, and price ranges, and how many
units of each product to have in roster. Many customers select one restaurant over
The decision about size and content of any restaurant products distribution retail
important decision involves the range of restaurant products that are essential to
satisfy the customer’s needs. A small number of restaurant products will probably
account for a large amount of sales volume. These restaurant products deserve
special attention and need to be properly managed. Being out of preferred and
have stock depth, that is, sufficient quantity of each restaurant product on hand to
support sales.
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19. Financial Plan
The following topics and tables outline our financial plan. We plan to turn a
significant profit, but we will structure the business so as to maintain a healthy cash
flow.
Important Assumptions
The financial plan depends upon important assumptions, most of which are shown in
General Assumptions
Plan Month 1 2 3
Other 0 0 0
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This section of the analysis will detail the economic climate, the restaurant industry,
the customer profile, and the competition that the business will face as it progresses
Currently, the economic market condition in Sierra Leone is in recession due to the
Covid19 Pandemic. This slowdown in the economy has also greatly impacted real
estate sales, which has halted to historical lows. Many economists expect that this
recession will continue until mid-2022, at which point the economy will begin a
There over 6,000 restaurants and eateries in Freetown. Gross annual receipts total
more than Le 500,000,000 per year. It is one of the country's largest grossing
industries. The industry also employs over ten thousand people, and generates an
As the country has become significantly growing of the last ten years, more and
more Sierra Leoneans are eating out. Time has also become a concern for the
average Sierra Leonean family. Studies have shown that more than 20% of Sierra
Leonean families eat out at least one night per week. Sierra Leonean, on the whole,
have also become much busier. More and more families now have two incomes, and
as such, the tradition of staying at home and cooking meals is more difficult for
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Restaurant business just like any other business in the food industry requires media
hype to get people to buy into the brand. We are quite aware of this and we have
decided to make provisions for serious promotion of our brand. Here are the
Leverage on the internet and social media platforms like; Instagram, Facebook ,
Distribute our fliers and handbills to targeted areas from time to time
Good foods definitely do not come cheap, but we are sure going to work towards
fixing prices that will be pocket friendly. Our various International delicacies might
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not come cheap when compared to local meals or everyday meals in Sierra Leone,
but we will try as much as lies within our power to strike a balance between making
Our strategy for fixing prices will be solely driven by what is obtainable in the
industry, alongside sampling the opinions of our targeted market on the amount
Payment Options
Our payment policy is all inclusive because we are quite aware that different people
prefer different payment options as it suits them. Here are the payment options that
Payment by cash
Payment via online bank transfer (preferably for those that will order our products
and would want us to deliver it to them, those that wants to attend our culinary
Payment via check (preferably for those that will order our products and would want
us to deliver it to them, those that want to attend our culinary training program and
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In view of the above, we have chosen banking platforms that will help us achieve
The Cost for the purchase of restaurant furniture and gadgets (fridges, TVs, Sound
The Cost for tableware, utensils, dishes, bar and kitchen equipment: Le 12m
The Cost for supply of raw foods, ingredients, drinks and beverages for a month: Le
5m
5m
Going by the report from our research and feasibility studies, we will need an
From our projections, we are likely going to start making profits after the first 3
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years of setting up the business and we have put plans in place to take care of the
We don’t have the intention of bringing business partners outside the family to
invest in the business, at least for the first 5 years of running the business that is
N.B-: We have been able to generate about Le 75m and we are at the final stages of
obtaining a loan of Le25m from our bank. All the papers and document has been
signed and submitted, the loan has been approved and any moment from the now
The bigger picture of Madam Battis International restaurant is to grow the business
beyond Freetown to other major town in the country. As such, we intend spending
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the first 5 years of the business in building and communicating our brand to our
targeted market.
We have plans to sell our franchise to interested entrepreneurs who have what it
takes to become our ambassadors. We know that once our brand has been accepted
by the general public, it will be easier for us to successfully sell our franchise to
interested entrepreneurs who intend leveraging on our brand to start their own
business.
In addition, we will ensure that we invest in regular training and development of our
work force. We will not stop at exploring various International meals from all parts of
the world.
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Business Registration: Completed
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Purchase of the Needed furniture, electronic appliances and kitchen equipment: In
progress
Completed
Creating Awareness for the business both online and in the neighborhood: In
Progress
Progress
Establishing relationship with vendors – suppliers of drinks, wines, beers, and all
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Purchase of motor bikes for delivery: Completed
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