1. Budget Prepare a three-year budget, starting from your estimated sales to project your costs of raw material, labor, and overhead (assuming inflation is minimal). 1) Create a projected Cash Flow budget for each of the three years I 2) Create a projected Income Statement and Balance Sheet for each of the three years 3) Include research on all relevant Federal and State Tax rates (For example, is there a hotel tax for the service group?) Mission and Product-line Our business will be a pizza restaurant that serves customers both in-store and through delivery service. Our restaurant will have a kitchen to prepare fresh and delicious pizza and a dining area that can seat up to 44 customers indoors and 24 customers outside. The inside of the restaurant will be New York-themed with pictures of beautiful New York scenery. The color scheme will be royal blue, white, and orange. We will focus on providing lunch and dinner to our customers and fulfilling orders for parties and corporate clients. The mission of our business is to provide customers with excellent food and quality service while providing a good first job experience for our employees. In order to compete with competitors such as Dominos and Mellow Mushroom, we will use quality positioning and differentiation positioning. We will use quality ingredients to add value and uniqueness to our product. By offering a top-quality product our company will be able to build brand reputation and loyalty. We will also use a differentiation positioning strategy to show how our product is different from our competitors. Direct Materials Direct Labor Utilities Possbin Custa For Medion Dricoul Amount $0.50 Direct Materials $1.00 Direct Materials $1.00 $0.25 Direct Labor $0.50 Direct Labor $1.00 $0.10 Utilities $0.25 Utilities $0.50 Other Overhead Costs Total Cost $0.15 Other Overhead Costs $1.00 Total Cost $0.25 Other Overhead Costs $0.50 $2.00 Total Cost $3.00 Direct Materials Direct Materials Medium Dular Amount Direct Materials 187 Carpe Dough (flour, salt, water, -Dough (flour, salt, water, sugar) $4.00-Dough (flour, salt, water, sugar) $5.00 sugar) $6,00 Tomato Sauce $0.75-Tomato Sauce $1.50-Tomato Sauce $2.00 Shredded Mozzarella Cheese $1.00 - Shredded Mozzarella Cheese $2.00 Shredded Mozzarella Cheese $2.00 -Olive O $0.25-Olive Oil $0.50 Olive Oil $1.00 -One Topping Direct Labor Utilities $0.50 - One Topping $2.00 Direct Materials $0.50 Utilities $1.00-One Topping $1.00 $3.00 Direct Materials $4.00 $1.00 Utilities $2.00 Other Overhead Costs Total Cost $1.00 Other Overhead Costs $2.00 Other Overhead Costs $3.00 $10.00 Total Cost $16.00 Total Cost $21.00 Dollie Amoure Direct Materials (icing, flour, sugar, salt, butter, water, flavors) Direct Labor Utilities Direct Materials (wheat flour, salt, water, sugar, yeast, olive $1.75 oil, cheese) $1.25 Direct Labor $0.25 Utilities Dollar Amount Po Bread Sticks Direct Materials (water, yeast, sugar, flour, salt, vegetable oil, $3.00 butter) $2.00 $1.50 Direct Labor $1.50 $0.50 Utilities $0.50 Other Overhead Costs $0.75 Other Overhead Costs $1.00 Other Overhead Costs $1.00 Total Cost $4.00 Total Cost $6.00 Total Cost $5.00 tems 11 Indoor Tables and 44 Chairs Outdoor Tables and 24 Chairs 25 $ Dollar Amount 3,063.39 1,229.94 2 Cash Register Prep Table 2 Storage Bins 2 Indoor Trash Cans 2 Outdoor Trash Cans 559.98 139.99 43.98 339.98 23.73 Fire Extinguisher 36.99 Exit Sign 21.49 1 Set of Cooling Racks 167 Pizza Oven Baking Oven 1939 2599 3 Pizza Cutters 7.47 8.97 3 Mixing Bowls Electric Hand Mixer 3 Rolling Pins 6 Flat Pans 59 56 14.97 32.94 4 Cake Pans 15.36 6 Small Pizza Pans 13.14 6 Medium Pizza Pans 21.54 6 Large Pizza Pans 25.14 144 Forks 38.28 144 Knives 52.68 16,000 Napkins 50.98 18 Napkin Dispensers 100.62 120 Reusable Plates 57.99 4,000 Gloves 21.96 Items 1,000 Small Cups 500 Medium Cups 500 Large Cups 1,000 Small Plastic Lids 1,000 Medium Plastic Lids 500 Large Plastic Lids 5,000 Straws 200 Small Pizza Boxes 200 Medium Pizza Boxes 200 Large Pizza Boxes 2 Coca Cola Machines Laminate Floors (Labor Included) Repaint Building (Including Labor) Wall Art +2 Televisions Broom and Dustpan Set 2 Soap Dispensers 2 Paper Towel Dispensers 12 Paper Towel Rolls 2 Toilet Paper Dispensers S Dollar Amount 64.99 59.49 84.99 43.99 38.99 56.49 27.99 45.96 75.96 83.96 3,200 10,702 11,000 600 I 200 36.99 56.98 59.98 11.49 45.98 27.99 12 Toilet Paper Rolls Mop Kit (Mop, Mop Bucket, and Wet Floor Sign Shipping Tax Total Costs 68.49 1,000 38,278.22