The prospect of setting up a pizza hut restaurant and takeaway in Gillingham.
Sole Trader: My business would not work as a sole trader business as there are too many aspects of the business that need attention, as a result more than one person would be needed to run the business. As of this I am going to run a franchised business from pizza hut.
Franchise: This would suit my business plan the most as it would give me a recognisable name, training in the business, equipment and loans etc. Unfortunately the down side to having a franchise is that a percentage of all profits go to the franchisee, which in this case will be pizza hut. Although I would have to pay royalties to the franchisee I think that is vital to the success of my business that people will recognise and associate my takeaway with good quality food and a place to dine in.
Research plans:
Gillingham town map.
This map shows the possible competitors for my pizza takeaway. They are direct competition and may pose a threat to my business.
I predict that customers of my restaurant and takeaway will want good quality food, fast and reliable service. If I offered a delivery service this would greatly improve my range of customers as well as my restaurant. If I manage to meet both these needs then my business should be a very successful one and I will make a lot of money.