A business plan is worth paying maximum attention to, regardless of whether you intend to invest your own savings or to use outside investment. If you are completely ignorant about finances (which is not uncommon), it is worth finding an assistant straight away or asking a third-party company for help. But even if you choose a ready-made solution, such as a franchise, or entrust someone else with this side of things, don’t be lazy to understand the basics yourself. After all, you are the owner of the business.
Analyze the initial costs of opening: the cost of renting space and equipment, employee compensation, the cost of purchasing groceries and other goods, rubbish collection, security, maintenance of cash. Assess the level of investment in renovation, preparation and obtaining all necessary documents for the opening of the cafe. Calculate revenues based on the average check and projected traffic. This will help determine the payback period of the future establishment and the profitability of the project.
