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START UP A MOBILE CATERING BUSINESS |
STEP1. PLANNING |
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Business plan and cash flow planning
I know what you're thinking, what do I need a business plan for? I've
already got a plan, and that plan is to go out there with my nice new catering
trailer to all those big events and shows where I've heard that you can take
tens of thousands of pounds per day. Just sell as many burgers as I can and
retire after twelve months. |
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| Well that's the theory, unfortunately in
business the reality is somewhat different. Lets start with the tens of
thousands of pounds per day comment. Let's assume that your new trailer is
fitted with a four foot griddle, how many burgers will that griddle hold at any
one time? Lets assume 30. How long will each burger take to cook? Lets assume 20
minutes. How many hours will you be open and serving for? Lets say 10 hours. |
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| Now for some maths, assuming you are open for
the above hours and have a never ending queue all day you will be able to cook
90 burgers per hour, times that by the ten hours you will be open, amounts to
900 burgers in a whole day. Now times that amount by approximately £1.50 retail
price per burger and your days takings for burger sells will amount to 1,350
Assuming that that you make an industry average of 70% gross profit (after cost
of buns, burgers onions etc) you will end up making £945
gross profit. Now minus from that figure the fee you had to pay for the
pitch at the event let's say £150, the cost of any disposable products, lets say
£40, travelling expenses and possible staff wages of £100. |
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Read more |
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KEY POINTS |
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CHECK LIST |
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The initial idea
Have you ever considered starting your own mobile catering business?
Find out more
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What's involved
It looks so easy, but what's it really like running your own
business?
Find out more |
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Where to trade
Plan where your customers will be and where you can legally trade.
Find out more |
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Foods to sell
Something unique, different, in tune with food trends and that will attract
the buying public.
Find out more |
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Business plan
Financial planning is essential for your new mobile catering business to work.
Find out more |
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RELATED ARTICLES |
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A business plan or a business cash flow plan
We often get asked this question, what is the difference between a business
plan and a business cash flow plan? Put simply a business plan is your plan to
run your new mobile catering business, the products you are planning to sell,
where and how you are going to sell those products, your target customers, your
marketing plans and your general business strategy to succeed and become
successful over the next few years.
Whereas a business cash flow plan is your projection of your
business cash flow over the next 12, 24 or 36 months. In order to produce a cash
flow plan you need to realistically project your future turnover, your product
costs, your expected gross profits, all of your expected business expenses and
finally provide your projected net profits. |
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Everything your new mobile catering business will need.
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