Things To Ponder Before Making A Catering Business Plan

Start a catering business

Some small businesses may close within a couple of months after launching, whilst others may last for several years. However, catering is one of the rarest of rare business that lasts forever, as long as the company continuously offers a wide array of quality food within schedule. Be it business meetings or marriages or birthday/ anniversary parties… they all need a catering company to supply food and drinks during those events. Find below a mini guide to create a successful catering business plan in Perth.

Can you do it?

Do you enjoy making food during social events held in your house, love conjuring special dishes during your kid’s birthday, and always watch cooking classes on the TV? If you have answered in the positive to all these three questions, then you are the likely candidate for this catering business plan. 

You can start by preparing food and drinks for small events immediately, as you can prepare them with the utensils you already have in your kitchen. To effectively create a business plan for your catering business here are some helpful pointers:

Streamline budget sources and Capital

Preparing a budget which includes all the necessary and overhead expenses is imperative. It is important to research well and find the right sources of your capital, they may be an investor’s funding or your own savings.

You must have a clear idea of how much capital you are working with. An effective business plan is one with a clear understanding of the initial capital investment along with a revenue generation model carefully planned out.

Do your market research

It is important to invest a decent amount of time in market research to understand the competition, target market, and the latest industry happenings. As a caterer, you must acquire knowledge about what is trending, how the peers are performing, and what are lucrative sources of revenue.  

Licenses and Permits

The caterer business is bound to undergo some quality checks by the country or the state health department. The authorities will inspect the kitchen to assess if it adheres to the quality standards. The owner of a catering business must hold a food handler’s license. You must research this aspect and meet all the criteria necessary for obtaining a license.

Catering business

 

Advantages of starting a catering business 

 

No hidden costs

Caterers know the exact number of people they have to serve. This implies that you can purchase only what is required, decreasing the cost of food waste. This is unlike a restaurant who have to prepare food for xyz number of people even if only 50 percent of that number visit it on a specific night, resulting in loss of earnings. I will not say “loss” because of the high-profit margins of this business.

Equipment and staff costs

Unlike hotels that have to have food preparing equipment at all times, you can hire cooking equipment only for the day and duration on which you need it. You can factor in this expense into the overall job quote. This implies that you do not need a huge amount of cash to start this business. As most Perth catering events are buffet style, this implies that you can easily make do with two to three servers.

What are you waiting for? Inform your friends, relatives, and colleagues that you have started a catering business.

2019 Awards for Excellence

Impressions Catering, Perth has won the Small Cater And Consumer Choice category at the 2019 WA Savour Australia Restaurant & Catering Hostplus Awards for Excellence.

Business owner Lukarla McCready says “All the credit goes to my awesome and skilled team who never steps back and is ready to handle any challenge”.

More than 300 local restaurants, cafes and catering businesses gathered to celebrate the achievements of their peers who were judged in over 25 categories, with the winners announced at the Awards for Excellence ceremony held at Optus Stadium.

 The Awards for Excellence is a nationally recognized, independently judged awards program that celebrates exceptional service and culinary talent across the state. The Awards for Excellence is the only program in Australia where the judging criteria are determined by consumers who rank what is important to them in the dining experience.

rest cater 2019 Winner logo

The Awards are judged by an independent team of trained judges who anonymously visit the venues to determine the restaurant/café winners. The scores are based on the entire dining experience from food to the customer service experienced when the judges anonymously dine.

R&CA CEO Wes Lambert says, “Impressions Catering should be proud of their achievements. Running a hospitality business isn’t easy – there’s a lot of blood, sweat, and tears that goes into to making it work. But when you get the right mix of staff, produce and service, the results can be extraordinary.”

Impressions Catering may compete with other finalists at the National Savour Australia Restaurant & Catering Hostplus Awards for Excellence to be held at Howard Smith Wharves in Brisbane on Monday 28th October 2019. Finalists will be advised of their status by late September.

R&CA is the industry association representing thousands of restaurant and catering businesses across Australia. To view the full list of category winners in the 2019 Savour Australia Restaurant & Catering Hostplus Awards for Excellence, visit the R&CA website at www.restaurantcater.asn.au.