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Family restaurant chain:

Business Plan for Boaz Trading PLC: Family Restaurant Chain in Addis Ababa, Ethiopia

*"Taste of Unity" — Blending Ethiopian Heritage with Global Flavors*

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### Executive Summary

Project Name: Taste of Unity Family Restaurant Chain

Location: Addis Ababa, Ethiopia

Total Project Cost: 28,000,000 ETB (≈$500,000 USD)

Initial Operating Costs: 7,000,000 ETB (≈$125,000 USD)

Monthly Cash Flow (Year 1): 616,000 ETB (≈$11,000 USD)

ROI: 26.40% | Break-Even: 24–30 Months

Boaz Trading PLC aims to establish a family restaurant chain in Addis Ababa, combining Ethiopian culinary traditions with international dishes. Targeting Ethiopia’s growing middle class and leveraging Addis Ababa’s urbanization, the chain addresses a gap in affordable, high-quality family dining. With a focus on cultural authenticity, strategic pricing, and operational efficiency, the project offers investors a high-return entry into Ethiopia’s thriving food sector.

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### Mission & Vision

Mission: To deliver memorable dining experiences rooted in Ethiopian culture, fostering family connections through quality, affordability, and inclusivity.

Vision: Become Ethiopia’s most trusted family restaurant brand, expanding to 10 locations by 2030.

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### Company Description

Boaz Trading PLC, headquartered in Addis Ababa, is launching "Taste of Unity," a family restaurant chain offering:

- Local Cuisine: Injera platters, doro wat, tibs.

- International Favorites: Burgers, pasta, salads.

- Kid-Friendly Menus: Balanced meals with cultural twists.

- Cultural Ambiance: Traditional decor with modern comfort.

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### Market Analysis

Key Insights:

- Population: Addis Ababa: 5+ million | GDP Growth: 6.3% (2023).

- Urbanization: 25% annual growth in dining-out expenditure.

- Purchasing Power: Middle-class households spend 35% of income on food.

Market Gap: Limited mid-range family restaurants offering hybrid menus.

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### Competitive Analysis

Direct Competitors:

- Traditional eateries (low price, limited ambiance).

- International chains (higher price, less cultural appeal).

SWOT Analysis:

- Strengths: Cultural authenticity, strategic pricing.

- Weaknesses: New market entry, supply chain risks.

- Opportunities: Tourism growth, untapped suburbs.

- Threats: Currency volatility, rising competition.

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### Target Market & Segmentation

- Primary: Middle-class families (monthly income 15,000–40,000 ETB).

- Secondary: Expatriates, tourists, corporate groups.

- Segmentation: Urban families, millennials, and Gen Z seeking experiential dining.

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### Product/Service Line

- Signature Dishes: Fusion platters (e.g., “Injera Tacos”).

- Services: Catering, cultural event hosting, meal subscriptions.

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### Pricing Strategy

- Average Meal: 200–350 ETB (≈$3.57–$6.25 USD).

- Kids’ Meals: 100–150 ETB.

- Premium Dishes: 400–500 ETB (targeting expats/tourists).

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### Marketing & Sales Strategy

- Digital Campaigns: Social media (Facebook, Telegram), influencer partnerships.

- Community Engagement: Cultural festivals, school collaborations.

- Sales Channels: Dine-in, takeaway, delivery via partnerships (e.g., Deliver Addis).

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### Financial Projections (ETB)

Year 1:

- Revenue: 14,000,000 ETB

- Expenses: 10,500,000 ETB

- Net Profit: 3,500,000 ETB

Year 3:

- Revenue: 45,000,000 ETB (3 locations)

- ROI: 26.4% (CAGR).

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### Funding Request

- Total Requirement: 28,000,000 ETB.

- Equity Offering: 70% (19,600,000 ETB).

- Debt Financing: 30% (8,400,000 ETB).

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### Risk Mitigation

- Currency Risk: Local sourcing (85% ingredients from Ethiopian farms).

- Supply Chain: Multi-supplier contracts for key items.

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### Sustainability & Social Responsibility

- Local Sourcing: Partner with 20+ smallholder farms.

- Zero Waste: Compost organic waste; donate surplus to NGOs.

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### Implementation Timeline

1. Months 1–3: Site acquisition, staff hiring.

2. Months 4–6: Kitchen setup, menu testing.

3. Month 7: Grand opening with media campaign.

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### Exit Strategy

- Acquisition: Target international food chains entering Ethiopia.

- Franchising: License model after Year 5.

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### Appendix

- Detailed financial models.

- Supplier MOUs.

- Menu samples and floor plans.

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Investor Appeal: High-growth sector, cultural differentiation, and scalable model in Africa’s diplomatic hub. Returns anchored in Ethiopia’s demographic boom and urbanization.

*"Taste of Unity: Where Every Bite Tells a Story."* 🌍🍴

expand more on

Implementation Timeline

1. Months 1–3: Site acquisition, staff hiring.

2. Months 4–6: Kitchen setup, menu testing.

3. Month 7: Grand opening with media campaign

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Discussion

**Expanded Implementation Timeline: Taste of Unity Family Restaurant Chain**

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### **Phase 1: Months 1–3 — Site Acquisition & Staff Hiring**

**Objective**: Secure prime locations and build a skilled, culturally aligned team.

#### **Key Activities**:

1. **Site Acquisition**:

- **Location Scouting**: Target high-footfall areas in Bole, Kazanchis, and CMC districts.

- **Lease Negotiation**: Finalize 3-year leases with 6-month rent-free periods for build-out.

- **Permits & Licenses**: Secure trade license, health certifications, and fire safety approvals (partner with *Boaz Legal Team*).

2. **Staff Hiring**:

- **Recruitment Drive**:

- Partner with *Addis Ababa TVET Institute* for chefs and hospitality trainees.

- Advertise on *EthioJobs* and Telegram channels for front-of-house roles.

- **Hiring Metrics**:

- 15 full-time staff per location (chefs, servers, cleaners).

- 60% female hires to promote gender equity.

**Dependencies**:

- Legal permits must be secured before staff contracts are finalized.

- Lease agreements depend on municipal zoning approvals.

**Risk Mitigation**:

- Backup locations identified in case of permit delays.

- Retention bonuses (10% salary after 6 months) to reduce turnover.

**KPI**:

- 100% permit approval by Month 3.

- 90% staff positions filled by Month 2.

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### **Phase 2: Months 4–6 — Kitchen Setup & Menu Testing**

**Objective**: Establish operational infrastructure and refine the menu.

#### **Key Activities**:

1. **Kitchen Setup**:

- **Equipment Procurement**: Import wood-fired ovens, *teff* grinders, and refrigeration units.

- **Local Supplier Contracts**: Sign MOUs with *Bahir Dar Farms* (grains) and *Awash Milk Cooperative* (dairy).

2. **Menu Development**:

- **Recipe Testing**: 3 rounds of trials for fusion dishes (e.g., *injera tacos*, *berbere burgers*).

- **Focus Groups**: Invite 50 families and expats for tastings; gather feedback on pricing and presentation.

3. **Staff Training**:

- **Culinary Workshops**: Led by Ethiopian-Italian fusion chef *Liya Kebede*.

- **Tech Onboarding**: Train on POS systems (Loyverse) and delivery app integrations.

**Dependencies**:

- Kitchen equipment must arrive by Month 4 to begin recipe testing.

- Supplier contracts depend on site permits.

**Risk Mitigation**:

- Rent temporary kitchen space if build-out is delayed.

- Pre-negotiate backup suppliers for critical ingredients.

**KPI**:

- 95% positive feedback on menu items.

- Staff proficiency in POS/delivery systems by Month 6.

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### **Phase 3: Month 7 — Grand Opening & Media Campaign**

**Objective**: Launch with maximum visibility and community engagement.

#### **Key Activities**:

1. **Pre-Launch Buzz**:

- **Social Media Teasers**: Release 15-second TikTok clips of chefs preparing fusion dishes.

- **Influencer Previews**: Host a VIP dinner for 50 influencers (e.g., @AddisFoodie, @EthioTravelGuide).

2. **Grand Opening Event**:

- **Day 1**: Ribbon-cutting ceremony with mayor of Addis Ababa.

- **Week 1**:

- Free tastings for first 100 customers/day.

- Live *azmari* music and coffee ceremonies.

3. **Media Campaign**:

- **TV/Radio Ads**: Run spots on *Fana Broadcasting* and *Sheger FM*.

- **Print Collateral**: Distribute 10,000 brochures in partnership with *Ethiopian Airlines*.

**Dependencies**:

- Staff must be fully trained before opening.

- Marketing materials require final menu approval.

**Risk Mitigation**:

- Backup generators for power outages during events.

- Crowd control partnerships with local security firms.

**KPI**:

- 1,000+ customers in Week 1.

- 50,000+ social media impressions by Month 7.

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### **Post-Launch: Months 8–12 — Consolidation & Growth**

**Objective**: Stabilize operations and prepare for expansion.

#### **Key Activities**:

1. **Performance Review**:

- Monthly audits of customer feedback, waste metrics, and staff efficiency.

- Adjust menu based on sales data (e.g., phase out low-performing dishes).

2. **Community Integration**:

- Launch school nutrition programs (e.g., free meals for 500 students).

- Sponsor *Timket Festival* food stall to reinforce cultural ties.

3. **Scaling Prep**:

- Finalize franchising blueprint for Year 2.

- Begin negotiations for Kazanchis location.

**KPI**:

- 80% customer retention rate by Month 12.

- 20% month-on-month revenue growth.

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### **Timeline Visualization**

```plaintext

MONTHS 1–3: [Site Scout][Permits][Lease Sign][Hire Staff]

MONTHS 4–6: [Kitchen Build][Supplier MOUs][Menu Test][Train Staff]

MONTH 7: [◉ GRAND OPENING ◉][Media Blitz][Feedback Loop]

MONTHS 8–12:[Optimize][Community Events][Plan Expansion]

```

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**Why This Works**:

This timeline balances ambition with pragmatism, embedding risk mitigation and community engagement at every stage. By Month 12, *Taste of Unity* will be a beloved brand ready to scale across Ethiopia—and beyond.

*“From blueprint to banquet, we’re building a legacy.”* 🗓️🏗️🍴