Business Plan for 7 Spices Restaurant

Business Plan

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
An overview of proposed business idea.................................................................................1
Evaluation of the external environment.................................................................................2
Evaluating competitive advantage..........................................................................................4
Suggestion for the proposed target market.............................................................................5
CONCLUSION................................................................................................................................6
References:.......................................................................................................................................8

INTRODUCTION
Business plan is defined as the planning of business goals and objectives in a written
form by analysing the external as well as internal factors that can affect the business along with
the interpretation of competitive advantages related to the business idea (Business Plan, 2020).
Proposed business taken here is the 7 Spices restaurant, it is one of the good restaurant founded
in 1937 in UK. It mainly deals with the potato chips, UK sweets and variety of fast food items
and snacks. They are having their outlets in many cities in UK including both big and small
cities. The following discussion is made on the overview of the business idea, analysing the
external environment, observing the competitive advantages and suggestions to propose a
business.
MAIN BODY
An overview of proposed business idea
Objectives
7 Spices is an established business all over the UK. They are having the impressive
services with quality of food items. It's objectives is to take it's business to the next level in order
to expand more and more so that they can increase it's sales and revenue generations and want to
lead the restaurant market. E-commerce can take it's business to the level up in serving the
people of UK in a more efficient manner. To achieve it's objective they need to build trust and
loyalty among customers towards their offerings. They are aiming to give some more added
value when they are serving online as compared to the traditional one because customers prefer
online discounts and offerings more. Their targets is to offer vast range of food items so that
customer can have a variety of choices. To achieve such objectives it is important to aim for the
technical advancements in a restaurant where management operations can be more efficient by
using a software, maintaining it and focusing on it's security as well (Bui, 2020). So basically
their objective is to transform their business from traditional to online for more customer and
brand loyalty for which they are aiming to be more technical in the field of restaurants by
adopting various methods like online payment methods, user friendly website, automation,
online deliveries and many more.
Vision, Mission and values
1