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 an economic and financial plan for your new 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. It will highlight why a financial plan is essential throughout each step of the process prior to opening. Vicente Fortea will guide you through the process of creating your 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 investment you need. This analysis will enable you to examine the operational and economic viability of your business, as well as to identify the financial resources that are essential in order to launch your project.
The financial plan will become a fundamental tool for attracting finance, collaborators and strategic partners. The course also includes practical templates that will help you to develop your own financial plan efficiently.
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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
Carry out a comprehensive financial analysis for the creation or consolidation of your bar or restaurant project.
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, and how to obtain and organize that data, in order to build your investment, income, and expense budgets step by step.
You will be provided with the key elements to properly prepare an income statement for your business and evaluate whether its daily operations will 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 the gross margin, and have the tools you need to professionally prepare your annual financial statements.
Who is it for?
This course is aimed at all hospitality professionals who need support to analyze 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.
The courses are 100% online, starting and ending whenever you want. You set the pace of the class. You can go back to review what interests you, rewatch videos, ask questions in our Community, share your projects, and much more.
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.
No, once your Membership ends, you will no longer have access to the courses. You need an Active Membership to be able to maintain access to the courses.
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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