Financial Planning for Bars and Restaurants
Every food service business must have a document that reflects its economic and financial reality. This is essential for analyzing the restaurant’s financial resource needs, as well as its viability and profitability.
Consultant and Executive Chef, Co-Founder of Passion&Gastronomy Consulting
Learn to create, step by step, an economic and financial plan for your restaurant project or to optimize your existing business.
This online course will provide you with a solid foundation to create your own financial plan for a bar or restaurant, highlighting its importance in the key aspects prior to opening. Vicente Fortea will guide you through the process of creating this plan, tailoring it to the business model you have in mind or to the data of your current establishment, if it is already in operation.
Throughout the process, you will learn how to evaluate income and expense budgets, as well as how to calculate the necessary investments. This analysis will allow you to examine the operational and economic viability of your business, as well as to identify the financial resources essential to launch your project.
The financial plan will become a fundamental tool for attracting financing, collaborators and strategic partners. The course also includes practical templates that will be of great help in efficiently developing your own financial plan.
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Course Syllabus
Course Content
Chapter 2 - Introduction to the financial plan
Chapter 3 - KPI benchmarks
Chapter 4 - Investment
Chapter 5 - Financing
Chapter 6 - Sales budget analysis
Chapter 7 - Preparation of the costs budget
Chapter 8 - Income statement
Chapter 9 - Balance Sheet
Chapter 10 - Liquidity analysis
Chapter 11 - 5-10 Year Investment Projection
Chapter 12 - Investment analysis
Extra bonus: Financial Plan Template
Perform a complete financial analysis for the creation or consolidation of your bar or restaurant.
What you'll learn
In this course you will learn, through simple steps, how to effectively write your financial plan. It will teach you what data you need to collect, how to obtain it and how to organize it to build your investment, income, and expense budgets step by step.
You will be provided with the key elements to properly prepare your business’s income statement and evaluate whether daily operations generate enough resources to recover the projected investment.
Additionally, it will help you identify short and long term financial resource needs, as well as the liquidity required to sustain your business in the coming months.
You will learn to analyze the economic and operational viability of your project, calculate your business’s gross margin, and have the necessary tools to professionally prepare your annual financial statements.
Who is it for?
This course is aimed at all hospitality professionals who need help analyzing the economic and financial reality of their business.
Material needed
- Excel at user level
- Word at user level
Meet your Instructor
Consultant and Executive Chef, Co-Founder of Passion&Gastronomy Consulting
His passion for gastronomy has led him to work with the best chefs, restaurants and gastronomic concepts around the world.
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Frequently Asked Questions
Scoolinary is the leading online culinary platform for training, that allows you to acquire knowledge and skills in cooking, baking, pastry, mixology, sommelier training, barista and nutrition.
The courses are led by renowned instructors, experts in each subject, and presented in high-quality videos.
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If you have a Premium or Teams plan, you will receive a certificate for every course you complete, recognizing the knowledge and skills you have acquired.
Our courses have been approved by two highly prestigious culinary authorities: Worldchefs and the American Culinary Federation (ACF) . This accreditation guarantees the quality and excellence of our programs, giving our students the confidence that they are receiving top-tier culinary education.
At the end of the course, you will have the option to download certificate.
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Annual Membership: The renewal is automatic and takes place 12 months after the purchase date, at the list price corresponding to the chosen membership plan
Quarterly Membership: The renewal is automatic and takes place 3 months after the purchase date, at the list price corresponding to the chosen membership plan.
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