Author Topic: Business Plan  (Read 3027 times)

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Offline SinoChef

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Re: Business Plan
« Reply #20 on: March 08, 2013, 11:05:31 AM »
Unless you are in a large metropolitan area, this information might not be available, and if it is, you would almost certainly have to pay for it.

It's information you can SWAG however. Look up the census data for population, family make-up, income, etc. Identify all the competitors in the area, and make some assumptions about how often people eat out, how much they spend when they do, how that spend breaks down across the different segments, what share of the spend you can reasonably target giventhe competition, etc. Go to similar restaurants during meal times on different days of the week, keep your eyes open, and gut check your assumptions.

The places you mentioned may be able to give you information that can help sharpen and reduce the uncertainty around your assumptions.

Real Estate agents will sometime have current data an a location also. Find a property near buy, and look it up on their website.