Post by
east4west on Jan 02, 2020 6:45pm
The plan seems solid
Our growth strategy consists of the following components:
1. Organically expand our existing restaurant holdings with a focus on growing revenue and profit. What that looks like is investing $500,000 each quarter to open 3 new locations per quarter. This will add $800,000 to $1,000,000 revenue annually per new location for a total increase of $4,800,000 to $6,000,000 in annual revenue added to existing $3,000,000 annual revenue, so that at the end of six months we are on a $9,000,000 annual revenue run rate after adding the 6 new locations.
2. We have begun the process of setting up our franchising system with the goal of actively selling franchises within six months.
3. Find underdeveloped and under-valued restaurant properties and apply our successful growth model to their businesses.
4. Innovate and develop bold new dining concepts