The restaurant industry across the Australia is booming, and sub segments within the market such as “food bars” and “fast-casual” movements are seeing even larger popularity and growth. Consumer preferences are rapidly changing in the restaurant industry as segments emerge and decline.
Convenient, value and casual dining is rapidly becoming a key trend in the restaurant industry, giving customers all the benefits of traditional dinning without the exuberant costs and pressure for “fine-dining” associated with it. Furthermore, consumers have never been so educated and informed when it comes to dietary trends, and the demand for quality, ethically sourced ingredients is prevalent. The P’sghetti Bar is a new and exclusive bar and grill being introduce to the heart of Canberra, Australia, delivering a unique twist on traditional Italian cuisine, combining traditional Sicilian food, culture, and wine with the urban ambience of Canberra’s bustling district. At
The P’sghetti Bar, customers will enjoy the unique and welcoming atmosphere of the restaurant while being served by professional and dedicated staff that are knowledgeable in all product offerings available. Customers of The P’sghetti will receive the highest standard of customer service in the industry in all of our offerings while enjoying a fun and vibrant atmosphere, consistently exceeding customers’ expectations. The P’sghetti has strategically sourced optimal retail space for operations with favorable demographic characteristics to create substantial foot traffic through the restaurant.
Additionally, a reputable head chef has been hired to bring instant credibility to the brand on the onset. By combining these favorable traits while creating a unique and exclusive vision in the surrounding area, The P’sghetti will create many meaningful pathways to monetization in the market. The following business plan outlines a five-year strategy of The P’sghetti Bar and accompanying financial forecasts that it anticipates on achieving.