Feasibility study for a burger project with profits exceeding 80 thousand

Burger project feasibility study. Today, we present to you, through this article, a burger project feasibility study, which is considered one of the topics that many people search for extensively.

Where you can invest your money and create a great business opportunity and also move forward, we will present to you a feasibility study experience for a small burger restaurant. Follow along with us for a feasibility study for the project with calculations and numbers.

Burger restaurant project

It is worth noting that the idea of establishing a burger restaurant project is primarily a small-scale project. In addition, the success rate of this project is very high, but it requires a very lively location where there are many customers who are always keen to buy different burger meals with a wonderful taste.

You can also add soft drinks and French fries to the project, but we must point out that all projects require a lot of effort, diligence, and self-assertion in order to achieve profits, especially in the first year, because it is considered an indication of whether there is a possibility for this project to continue or not.

Tips before starting a burger project

There are a number of tips that we will present to you before starting to establish a burger project. You must also set a specific time to start establishing the burger project, and you must also determine a specific location for the project, whether this project is in a mobile cart or in one of the malls. You can also establish the project in a small shop or it can be established in one of the institutes or universities.

When starting a burger project, you must consider more than one point, as follows:

How to market?
Cost of sandwich?
Can sparkling water be added or not and can potatoes be made?
The right price for a sandwich?
How can a place become famous?
Number of workers in the project?
Exact capital value?
Expected profits?
Expectations for the project in the second year?
How is the project continued?
Requirements and equipment required for the project?
Finally, you should confirm all details of the feasibility study and pricing at the time of implementation.

Burger Restaurant Project Feasibility Study Assumptions

It should be noted that a feasibility study for the project must be conducted at the beginning, and a set of assumptions must be established upon which the project will be based, as the study is based, and they are as follows:

First, a small market study should be conducted to monitor all burger shops. All specialists should be consulted, as well as those with experience in the field.
All project expenses, whether monthly or annual, must be entered, and then the revenues are placed in the project income statement.
All expected revenues are placed in the first item, then the income statement, all based on what is expected after asking the experienced person and all observers in the burger sandwich market.
Then, all the cash flows of the project are written on a piece of paper. For example, burgers are sold daily, so there will be a daily cash flow. Then, the monthly amount is divided by 30 to determine how much cash we have per day.
A list of expenses should then be created, including all daily expenses, such as food, drinks, oil, and burgers if purchased from outside. For example, everything expected to be spent in one day should be included.
Finally, all monthly costs must be included, such as water, gas, rent, electricity, and of course, workers' salaries and the wages of everyone who helps with the project.

Burger restaurant project feasibility study

It is worth noting that the feasibility study for a burger restaurant project is based on all the previous assumptions, and then all the numbers must be put in place for actual implementation:

First, your product should be defined simply, based on the fact that it is only one product, which is a burger sandwich.
Second, let's assume that the burger costs $10 and only tomatoes, burger, lettuce, and bread are placed in the sandwich.
Third, for example, a burger shop sells 10 burgers per day. The total profit per day is $100. The total profit at the end of the month is $100 X 30 = $3,000.
For all costs, the price of a burger should be calculated as $10 for every 10 pieces, lettuce is calculated as $10 per day, tomatoes are calculated as $20 per day, and bread, for example, is $10 per day.
In the end, the cost of the sandwiches is fifty pounds, and then the daily cost is calculated and deducted from the daily revenue.
Then you have to calculate the monthly costs such as gas, rent, electricity, etc. Then calculate the monthly rent and subtract them from each other until we have the net profit in the end.

My experience with a burger restaurant project

We must point out that it is very important to present to you some of the experiences of others, as one person says through his experience with a burger restaurant project, we will present to you below the experience of one person and different experiences from reality:

There was a guy who had a small burger restaurant. He said that he only served burgers and the business was very successful because he was working alone.
But he stated that he made a mistake because he did not develop himself and did not include anything other than burgers, such as soft drinks and French fries.
Another experience says that the best place to start a burger shop is in busy areas near workplaces, schools, and magazines, where there is a high population density and constant movement.
As others have said, success in a burger business is based primarily on providing all the desired meals at high quality, reasonable prices, and a distinctive taste.

Benefits of a burger restaurant project

The benefits of a burger restaurant project are no different from those of any other new business venture, as it provides numerous job opportunities for young people and eliminates unemployment. No matter how small the project, it will boost the economy because national production in this case is high.
One of the most important benefits of a burger restaurant project or any new project is the profits that will accrue to it afterwards. In addition to that, there is work instead of being an unemployed worker or working with other people. The project owner can also develop the project and come up with many unique ideas in his project.

At the end of our article, we have presented to you all the details about the feasibility study for a burger restaurant project and the most important tips that all people should follow in order to achieve the desired profits from the project. We hope we have presented to you all the required details.