Lounge 264 - Nightclub -Sample Restaurant Business Plan

34 © BPLANEXPERTS.COM Operations Strategy The company will initially focus on launching a lounge in Michigan for the fashionable trendsetter. Over a period of 18 ‐ 36 months, the company hopes to build a large community of trendy party goers and strong brand presence to expand and branch out into a dedicated clothing line and TV shows. This business plan looks into Phase 1 of business operations only. 2. Lounge 264  ‐ Other Cities in USA 1.1. Continued Operations 2014 ‐ 2016 2010  ‐ 2013 1. Lounge 264   ‐ Michigan Ongoing 3. Clothing Line 4. TV Shows The diagram above shows the phased approach proposed by the company. This approach has been analysed below; Phase 1 – The Company has identified a multi ‐ level property to house the lounge in the business district of Michigan. This two tier property will house an exclusive members club on the lower floor, with the lounge situated on a higher floor. It is estimated that each floor will cover an area of around 1500 square feet The lounge will operate from 6pm ‐ 2am (depending on the prevailing regulations) and provide alcoholic/non ‐ alcoholic beverages, live music by DJ’s and multi cuisine food. Phase 2 – The company expects to increase the number of lounges across the USA as part of this phase. Currently, the company plans on extending Lounge 264 to New York, Chicago and Boston by 2015. Phase 3 – The Party Group will launch its own clothing line to leverage its brand image. Phase 4 – Fashion and lifestyle television is a growing segment with huge potential. The Party Group expects to launch its TV programs with celebrity anchors within five years of rolling out its first lounge.