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Ensure you outline and assess the need to develop and innovate in your proposed business to remain competitive, and identify the potential risks to the sustainability to the hospitality operation

Assignment Brief

ASSIGNMENT QUESTION

Written Business Plan Instructions

This individual assessment is based on the chosen Hospitality SBU from the Interim Assessment.

It requires you to expand on the original presentation undertaken in your interim assignment, and from this produce a comprehensive business plan that, should you so wish, might be used to seek investment in your Hospitality SBU business idea.

Please see the Business Plan template issued separately which will highlight the required sections to be completed.

Ensure you outline and assess the need to develop and innovate in your proposed business to remain competitive, and identify the potential risks to the sustainability to the hospitality operation.

Assessment Criteria

The allocation of marks on the business plan are as follows:

Section one

The provision of a clear business overview (Worth 10% of the marks);

Section two

Clear description of proposed product and services (Worth 15% of the marks);

Section three

Detailed discussion of market characteristics, evidencing understanding of strategic marketing principles (Worth 40% of the marks);

Section four

Understanding of business operations and logistics (Worth 10% of the marks);

Section five

Demonstration of business financial management skills (Worth 25% of the marks)

ASSESSMENT GUIDANCE

Ensure you use the correct business plan format provided:

Please note:

  • The word count should be 2750 words

    • You need to include appropriate graphics to support your points if you  consider they will add value to your answer.

    • Cover page, Bibliography and Appendices are NOT included in the word count).

      • You must use academic theory and other robust sources to support your text, and any theory used should be applied to the context of the scenario.

      • You must use in-text citations to evidence your work, in addition to producing a full list of references in the bibliography. All of these should conform to Harvard Referencing format.

      • The bulk of this text should be your own original work, and should not be excessively paraphrase

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Sample Answer

Business Plan for “Urban Retreat Café” – Hospitality SBU

Section One: Business Overview

Business Name: Urban Retreat Café
Business Type: Hospitality – Café & Wellness Hub
Location: Central Manchester, UK
Ownership: Sole Proprietorship
Mission Statement: To provide a unique café experience combining high-quality food and beverages with wellness-focused services, offering a tranquil urban escape for city residents.

Urban Retreat Café is designed to cater to the modern, health-conscious urban consumer, blending a premium café experience with a focus on wellness, including mindfulness sessions, light fitness classes, and a calm, aesthetically pleasing environment. According to Pine and Gilmore’s (1999) theory of the Experience Economy, consumers increasingly value experiences over products, and our café will capitalise on this by creating memorable, immersive experiences beyond traditional food and beverage offerings.

Vision: To become Manchester’s leading café destination for health, mindfulness, and community engagement, setting new standards for urban hospitality innovation.

Objectives:

  1. Launch operations within 12 months, establishing brand recognition in the first six months.
  2. Achieve monthly revenue of £50,000 within the first year through café sales and wellness services.
  3. Maintain a minimum customer satisfaction rating of 90% as measured via feedback surveys.
  4. Develop a loyalty programme encouraging repeat visits and community building.

This business overview positions Urban Retreat Café not only as a food and beverage outlet but as a holistic urban experience, combining hospitality with health and wellbeing, a trend increasingly observed in contemporary hospitality research (Baum, 2020).

Section Two: Proposed Products and Services

Urban Retreat Café’s offerings are divided into two main categories:

Café Products:

  • Beverages: Specialty coffees, herbal teas, fresh juices, and smoothies made with organic ingredients.
  • Food: Health-focused meals including salads, grain bowls, and artisanal sandwiches. Seasonal specials will highlight locally sourced produce.
  • Wellness Snacks: Energy bars, protein balls, and low-sugar pastries.

Wellness Services:

  • Mindfulness Sessions: Morning meditation and stress-reduction workshops.
  • Light Fitness Classes: Yoga and Pilates sessions in partnership with certified instructors.
  • Community Events: Nutrition talks, wellness workshops, and book clubs.

Innovation in Product and Service:

Urban Retreat Café will differentiate itself by merging hospitality with wellness, responding to the increasing consumer demand for healthier lifestyles. The café will incorporate digital ordering systems, allowing customers to pre-book wellness sessions or order meals for collection, aligning with Kotler and Keller’s (2016) principles of product innovation and customer-centric service design.

Unique Selling Proposition (USP):

  • Integration of wellness services with premium café offerings.
  • Focus on sustainability: biodegradable packaging and locally sourced ingredients.
  • Community-oriented events encouraging social engagement and customer loyalty.

Service Delivery:

Staff will undergo training in customer service excellence and wellness facilitation. A robust standard operating procedure (SOP) will ensure consistent quality and adherence to hygiene and health regulations.

A clear structure, evidence-based market analysis, realistic financial projections, and alignment with business objectives are key.

Show how products, services, or operations differentiate your business from competitors and meet evolving customer needs.

It ensures the business can survive unexpected disruptions such as supply chain issues, pandemics, or regulatory changes.

Use realistic estimates for revenue, fixed and variable costs, and consider break-even analysis, monthly cash flow, and profit forecasts.

Sarah

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Rachel

The financial section was so clear, easy to understand, and very practical. Definitely helped me get a top grade.

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Daniel

I loved how the business plan included marketing, operations, and finance all in one. Felt like a real investor-ready plan.

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Chloe

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