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The presentation talks about some essential requirements of a business plan for restaurant in Dubai.
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Ribbon by Mr Rehan Shaikh Page 1
3 essentials of a business plan for restaurant in Dubai Dubai is an immensely huge attraction for a wide range of people, from those who are looking for some success in their career to those who are looking for a beautiful shopping destination. With the increasing number of visitors and immigrants the city receives every year, there is a widely increasing demand of a diverse range of restaurants providing cuisines from all over the world to attract the international crowd. However, the presence of already popular competitors makes it tougher to succeed with a new name. A proper business plan would help you overcome the potential issues and help you figure not only how to open a restaurant in Dubai but how to run one too. Here’s what your business plan for a restaurant needs in order to succeed in the ever increasing competition: Page 2
1. Market and industry research: in order to learn about restaurant management Dubai UAE, it is essential to have the maximum possible information about your competition as well as the consumers. This information includes an analysis of the competition and the market trend in real time in order to determine the inclination of the market and an ideal business model in the circumstances. 2. Financial projections: restaurant opening in Dubai, especially when it is in an area with the highest return potential like the Jumeirah Beach in Dubai, can be expensive. Therefore, before deciding on any intricacies, including the possible locations of the restaurant, there needs to be a detailed analysis of the financial capabilities of the investors and the possible funding opportunities available at their disposal. Page 3
3. Return on investment analysis: the main purpose of any business in today’s world is profit. Therefore, after the industry research and the analysis of the financial strength of the company, it is essential to study what the possible returns or profits may be expected against the aforesaid investments. This is largely based on the key performance indicators of the business which may include something as minimalistic as the design of the menu to something as vital as the location of the restaurant, varying from case to case. With such detailed and viral decisions to be taken in such short time, it is always recommended to use professional hands for a more accurate analysis. Ribbon is an organization renowned for providing turnkey management services to aspiring restaurants in the hospitality industry and their success stories are worth a read. Page 4
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