Fast Food Restaurant Project Report

Description

You can immediate download the Fast Food Restaurant sample project report format template, in MS excel or word / pdf format.

If you have ever dreamed of starting your own small fast food business, we do not blame you. Fast food is in great demand in India. Fast food is one of the most important choices when it comes to eating out or ordering food. Not only in India, most of the people all over the world like this type of cuisine and take serious form for it again and again!

For starters, fast food is more affordable than fancy dishes or five-course meals. After this, it usually does not take much time to prepare and customers have placed their orders within minutes. A small fast-food eater is the perfect place for a quick bite — you get great food at low prices! These places are also known as ‘Quick Service Restaurant’.

Running a fast food restaurant can be highly beneficial. With more and more people moving to cities in India, the number of potential customers for restaurants is high. And the various types of Indian fast food that we have, everyone has some dishes that they cannot easily resist. From vada pav to saddle rolls, Indian fast food is bound to bring water to anyone’s mouth. Global players like KFC or Domino have also hit the fast food industry by storm. With this type of food, restaurants usually offer competitive prices. When customers are offered their favorite dishes at prices that do not empty their pockets, they are obliged to return for more.

How to Download Fast Food  Restaurant Sample Project Report 

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Cost of opening a small fast food business

It does not invest huge amounts to open a small fast-food restaurant. You do not have to go out of your way to entertain or arrange excellent cutlery. It is very easy to find and train employees. You do not have to worry about a chef who has been trained in the best school either. All you need to mainly focus on providing quick service and quality food. Another advantage in the fast-food business in traditional restaurants is that it is considered a recession-free business. Compared to fine dining restaurants and posh cafes, the cost difference at fast-food restaurants is not entirely too large. Therefore, if there is a huge change in the economic policies or financial situation of the country, it does not hurt these restaurants much — unlike its major competitors.

If you are considering the idea of ​​opening your small fast food business to y0ur, we are here to help you. It is best to know the financial side of setting up a business and what to expect before you dive into it.

Quick service restaurants do not require a significant amount of investment, especially compared to traditional restaurants. You have to take care of basic factors like rental cost, staff, and maintenance expenses but you do not need to spend too much money on décor or grand seating.

A quick-service restaurant can be easily open with an investment of Rs. 5 lakhs. Although this figure may seem unbelievable, it is possible! Like this: 

Licensing

In our country, there are many restaurant licenses that you need if you want to run a restaurant, even a small one. Before you start your own business, you need to make sure that you have applied for all the permits and licenses you will need. Nowadays, most licenses can be applied for online and the entire process does not take a lot of time. Depending on the state in which you are located, you may also have to contact local authorities for some permits. You will need a food license issued by the FSSAI.

This is the most important license involved in opening a restaurant. Having an FSSAI license ensures your customers that your food falls within the scope of food safety standards in India. Also, you will need an Eating House license issued by the city police commissioner. A fire safety clearance and a certificate of environmental clearance are two other permits that are required to prove that your business does not adversely affect the environment. In all, licensing will cost you around Rs. 20,000. You will also have to apply for renewal of your license from time to time. For example, a dining house license is usually valid for three years.

Food Tech

In the last few years, many advances have been made in the field of food technology. A quick and efficient point of sale system is one of the most important aspects of running a small fast food business. It records every transaction that happens every day and all the information logged in it is stored securely. This data can also be used for future performance appraisal or to chalk out loyalty programs for customers. Restaurant POS systems can also be accessed through mobile phones from various places today. A large part of daily operations are fully automated and the scope of human error has been reduced to a great extent. Therefore, you do not have to be physically present to check daily events in your restaurant. In total, it will cost you around Rs. 30,000 to Rs. 35,000.

Rent an outlet

Watch out for the space, where you can set up your restaurant. It should be in the main market, not at the farthest end, or lost in the hustle and bustle because then your business will not be able to bring in the desired customers.

Check for proper electricity, gas, grocery, water, and ventilation in place.

Kitchen items

Having modern and advanced equipment in the kitchen is an integral part of running a restaurant. With the right type of kitchen appliances, the operation can take place quickly without much error or wastage. For a quick-service restaurant, you will need to buy refrigerators, microwave ovens, cookers, tenders, gas pipelines, and the like. It all depends on the type of dishes you are offering.

If you do not want to spend too much on equipment, you can consider checking for second-hand equipment that is also in perfect working condition. But when it comes to utensils, make sure that you do not compromise quality. Initially, it will cost you around Rs. 3 lakhs for setting up your kitchen. Once you are ready to start operations, you will only need to spend money on raw materials that you will need every month such as vegetables, oils, and spices.

Market your business

Markets about their restaurants through all media channels, before finally having a grand opening…It is advisable to invite a celebrity or politician to the inauguration so that the inauguration is grand and this will make people notice you.

You can offer some gift vouchers or discounts or things to the first 100 or so customers in the surrounding area and between the pages of newspapers, such as distributing pamphlets to homes to attract more customers. 

Labor cost

To run a fast food business smoothly, you must have well-trained staff who can handle the ups and downs of running a restaurant. For a small fast food restaurant, 3 or 4 employees are required to be present at the restaurant at all times. It includes at least 2 chefs who are well versed in kitchen equipment and food, as well as how to run the kitchen on their own. They should be able to instruct other employees and ensure coordination among all employees.

You also need an employee behind the counter who is well versed with the POS system and how to take or modify orders. Typically, the average salary of a chef is around Rs. 14,000 to Rs. 15,000 while others assisting the cooks will get around Rs. 6,000 to Rs. 8,000. You also need to find a suitable uniform for your employees (you can initially choose to save costs here). The original white uniform, apron, and hairnet should suffice. Set aside an amount of Rs. 7000- Rs. 8000 for purchase of staff uniform. Make sure you get your restaurant logo printed on them as well! 

Furniture & Fixtures

For a small quick-service restaurant, you don’t have to focus too much to make it look fancy. Instead, you need to make sure that you have strong furniture for seating and suitable lighting depending on where you are. Don’t bother finding beautiful decorative items or lamps. Opt for more practical things that you need in a restaurant. Make sure the color scheme you choose is simple and one that customers can easily associate with your restaurant. For furniture and fixtures, you will get around Rs. 25,000 to Rs. 30,000. 

Miscellaneous expenses

When you are setting up your restaurant, make sure that you can set aside some money for any unexpected expenses in the future. It can cause malfunction in equipment, repairs, repairs, or other emergencies that may occur. It is best to keep a specified amount of money that you keep in store for a rainy day.

Also Read: Article on Top 10 Business Ideas in Odisha. 

Sum up

Take the help of these points and start a business plan today. The fast-food restaurant business is on-demand and will continue as long as people’s love for food exists.

FAQ – frequently asked questions

Q1. How much space and rent cost does the fast-food business need?

You should have about 500 square feet of space to accommodate your kitchen and counter. Keep the counter area and servicing zone in just 100 sq ft and use the remaining space to sit. Approximately, the rental cost for a place of this size in a suitable locality is about Rs. 40,000 to Rs. 50,000 per month. It is best to be prepared to deposit one or two months’ advance payment. 

Q2. Are you ready to start your own small fast food business?

Opening a small quick-service restaurant is a very fruitful experience, with no burden of spending a lot of money. Before starting your fast food restaurant make sure you have a comprehensive business listing. Keep in touch with others in the field as well as professional advisors so that you have a better idea of ​​what to expect. With a solid restaurant business plan and an innovative menu, your effort is sure to succeed. 

Project Report Format

In our project report format, we cover technology details, its diagrams, flow chart etc.. as and when required or deemed fit to include. Also, prepare in-depth financial calculations including CMA Data which is necessary for the Investor/bank.

Key Points Cover in Sample Project Report on Restaurant

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For whom are these formats useful?

1. CA Chartered Accountants
2. Tax Consultants
3. Small Business Owners
4. Students
5. Engineers

In addition to those who want to prepare project reports themselves.

Fast food restaurant project report

A clear Fast Food Restaurant Project Report  is crucial for your success as an entrepreneur. Therefore, you to contemplate some important, like your initial costs, your target market, and how long it’ll see you interrupt even. However, draft a proper Fast Food Restaurant Project Report that describes your expected income, product and repair lines, expansion plans, and other details of your business. Therefore, a well-drafted project report will facilitate you in applying for any bank loan. You can also get a well-draft project report report from our website www.projectreportbank.com.