a restaurant

wanted to own a restaurant and have now decided to go in" rel="nofollow">into busin" rel="nofollow">iness, purchase a buildin" rel="nofollow">ing, and open an Italian Bistro. The items listed below provide in" rel="nofollow">information regardin" rel="nofollow">ing the purchases you will need to make to start your busin" rel="nofollow">iness. 1) The buildin" rel="nofollow">ing and the land it sits on will cost $250,000 and you have 20% to put down on the property. Annual taxes are $6,000 and fire and liability in" rel="nofollow">insurance is $3,600. 2) You have $150,000 of additional funds to allocate for refurbishin" rel="nofollow">ing the grounds, buildin" rel="nofollow">ing structure, in" rel="nofollow">interior design, and kitchen. 10% of the savin" rel="nofollow">ings will be allocated to the grounds, 20% to the buildin" rel="nofollow">ing’s structure, 20% to update the in" rel="nofollow">interior design, and 50% for kitchen in" rel="nofollow">installation and fire suppression systems. 3) Tables are $200 each for 2 tops, $300 each for 4 tops, and $500 each for 6 tops. You plan to purchase eight (8) 2-top tables, six (6) 4-top tables, and ten (10) 6-top tables. Chairs cost $50 each. You are plannin" rel="nofollow">ing on bein" rel="nofollow">ing able to seat 100 people in" rel="nofollow">in the restaurant at a time and need 10 extra chairs. Silverware, tablecloths and napkin" rel="nofollow">ins cost a total of $6,000, servin" rel="nofollow">ing utensils cost a total of $3,000, and glassware cost a total of $5,000. 4) Place/plate settin" rel="nofollow">ings cost $35 each. You need to purchase three times the number of planned seats for turn-around and breakage. (Remember you are plannin" rel="nofollow">ing for 100 people in" rel="nofollow">in your restaurant.) 5) Servicin" rel="nofollow">ing carts, cookin" rel="nofollow">ing equipment, prep tables, storage contain" rel="nofollow">iners, and other supplies will cost a total of $16,000. 6) Research suggests that the average receipt total per person is $12.80 and the average cost per meal is $6.86 for the Italian restaurants in" rel="nofollow">in your area. The research also suggests that tables are turned over for new customers between 13 and 21 times a day in" rel="nofollow">in your area, and that restaurants have between 40% and 60% occupancy fill rate each day. You mission is to create a fin" rel="nofollow">inancial busin" rel="nofollow">iness plan explain" rel="nofollow">inin" rel="nofollow">ing the in" rel="nofollow">initial outlay of funds this busin" rel="nofollow">iness venture will cost. Create a PowerPoin" rel="nofollow">int Presentation for this busin" rel="nofollow">iness venture. The followin" rel="nofollow">ing is an outlin" rel="nofollow">ine of how your slides should be presented. Slide 1: This is your title page. Include your name, project title, the course and section number and the assignment due date. Slide 2: This slide is your in" rel="nofollow">introduction slide. This slide should summarize your new busin" rel="nofollow">iness venture, describe your restaurant concept (i.e. casual din" rel="nofollow">inin" rel="nofollow">ing, bight atmosphere, etc.) and provide other helpful in" rel="nofollow">information. For example, restaurant name, what types of appetizers, salads, soups, entrees, beer and win" rel="nofollow">ine availability, and desserts you might serve, and hours of operation. Highlight what makes you restaurant special. Slide 3: This is your buildin" rel="nofollow">ing and real estate summary slide. This slide should in" rel="nofollow">include a small picture or buildin" rel="nofollow">ing plan drawin" rel="nofollow">ing of the buildin" rel="nofollow">ing, and summarize the purchase price, down payment, and amount fin" rel="nofollow">inanced. The picture of the buildin" rel="nofollow">ing can be obtain" rel="nofollow">ined from a real estate website, or from a buildin" rel="nofollow">ing plan drawin" rel="nofollow">ing available on the Internet (be sure to cite this). This slide should also list the annual tax and in" rel="nofollow">insurance amounts. It should also in" rel="nofollow">include the monthly mortgage payment in" rel="nofollow">includin" rel="nofollow">ing prin" rel="nofollow">incipal, in" rel="nofollow">interest, taxes and in" rel="nofollow">insurance (PITI). The slide notes (section below the slide in" rel="nofollow">in PowerPoin" rel="nofollow">int) should contain" rel="nofollow">in the steps you took to calculate the monthly mortgage payment. Slide 4 to 6: These slides should in" rel="nofollow">include your start up expenses. On these slides you would list the cost of purchasin" rel="nofollow">ing all of the items listed in" rel="nofollow">in items 3, 4, 5 above (tables, place settin" rel="nofollow">ing, kitchen equipment, etc.). Here you can have fun and in" rel="nofollow">include pictures of items, or in" rel="nofollow">include graphs of the cost. Be sure to list the total start up expense required to open the restaurant somewhere. Slide 7: This is your revenue slide. Create revenues and food costs from your first 6 days of servin" rel="nofollow">ing food. Present the average receipt total per person, the average cost per meal, number of times a table is sat or turned over, and fill rate or occupancy rate to estimate your restaurants revenues. This is another place where a graph could help illustrate your revenue potential. Slide 8: Conclude your presentation with the “wrap up” of the concept and any fin" rel="nofollow">inal thoughts you might want to in" rel="nofollow">include. Slide 9: List any resources you have used for this project. Be sure to in" rel="nofollow">include at least one reference from a reliable source. Because many of the concepts here in" rel="nofollow">involve readin" rel="nofollow">ing from the textbook, remember to in" rel="nofollow">include a reference for your textbook, as well. Make sure your citations are presented in" rel="nofollow">in APA format. Proofread your work carefully. Use Standard American English, and make sure your presentation is grammatically correct and does not contain" rel="nofollow">in spellin" rel="nofollow">ing errors. Strive to display exceptional content, organization, style and mechanics. For your pictures or buildin" rel="nofollow">ing plan drawin" rel="nofollow">ings, collectively they should cover no more than a quarter of the page. Use 12 - 14 poin" rel="nofollow">int font size, with normal margin" rel="nofollow">ins. Use bullet poin" rel="nofollow">ints if appropriate.