Do you need a sample catering business plan template?
If you love to cook and are thinking about starting a business, combine the two and start a small catering business. But how do you start a small catering business? Catering doesn't always mean providing a lunch for business people at a corporate event, or appetizers or a buffet for guests at an anniversary celebration.
Start small with dinners for 12, parties for 50, or a dessert and a coffee bar for after-theater entertaining. When your business has been established for a while, then decide to stay small or grow.
Below are a few tips to help you start out when opening a small catering business. Make an Inventory Write down the items you'll need to begin catering. Inventory what you have and what equipment you'll need to purchase. For example, your current dishwasher may not have the capacity to wash enough dishes to keep up with your business or you might have to purchase a separate freezer.
You'll also need dishes to transport the food, serving dishes, coolers and ways to keep hot food hot.
Find a Niche Find a market niche that the competition has overlooked or that you feel you can excel at. As a small caterer you might not have the capacity to cater a sit-down dinner for a wedding of guests but you could cater wedding showers, engagement parties, and bachelorette parties quite comfortably.
Determine a menu to offer catering clients. Research what your competitors are offering. Check to see which local restaurants offer catering services. Base the menu on your specialties and what your market niche wants.
Price the items so that you stay competitive but make a profit. Pricing is always a challenge and is determined by where you live, the time it takes to prepare the dish, the cost of the ingredients and the profit margin you plan to achieve. Establish Relations with Vendors Find vendors.
Research the suppliers in your area ahead of time. Establish a Business Develop a business plan that covers the additional investment you'll need to get started and the first three to six months of revenues and expenses.
Obtain the required licenses. You will need a business license from the state and possibly from the city and county where you live. The county or state health department will inspect your kitchen for safety and to see if it meets health codes.
Many residential kitchens do not. Plan on upgrading or finding a kitchen that has already passed inspection. A restaurant that operates only for dinner may allow you to use the kitchen in the off hours for a rental fee.
A food handler's license will most likely be required. Focus on Marketing Develop a marketing program to reach your potential clients. Design business cards, stationery and a brochure. Make a few of your signature dishes and take photos for the brochure and your website. Even though you plan a small catering business more and more people use the Internet to comparison shop.
ZDNet says that 74 percent to 80 percent of people between the ages of 29 and 69 use the Internet for product research. If you don't have a website or blog, they won't find you. Tip Always dress professionally and not in food stained clothing. When on the job carry an extra shirt or apron in case of messes.
Focus on offering a limited menu of outstanding food rather than a broad offering of many dishes. Of course, if a client has a special request try to honor it. Tip Call your insurance agency. Since you'll be using your home as a place of business and your car for business, your insurance coverage may change.In the catering business, you can start as small or as big as your wallet will allow.
Your catering business can offer catering services for corporate events, meetings, holiday gatherings, picnics, weddings, family reunions, birthdays, graduations and more.
The Latest Reports with Statistics & Trends from Top Industry Sources Key Industries · Data-driven Decisions · Latest Market Reports · Competitive InsightsTypes: Market Statistics, Industry Insights, Market Overview, Industry Analysis. Tips in Creating a Small Catering Business Plan. Listed below are some important tips in creating a small catering business plan.
Make sure to follow these tips so that you can create an effective business plan for your catering business. 1. A catering business is a perfect opportunity for the people who love to cook. It is a profitable business and ensures a lucrative margin for the owners.
Additionally, you can start this business as part-time. As your business grows, you . Business Plan Example 2 Mission Catering For Kids is dedicated to providing at-risk youth with an opportunity to gain work experience and transferable skills by providing our.
Nov 16, · Make a business plan and take it to potential investors, or apply for a loan at the bank. Thanks! To start a catering business, start by deciding what kind of food or events you want to specialize in, like appetizers and cocktails or wedding receptions.
I started planning to start a small catering business 3 years ago. Now 94%().