We determined that the rent would be $65.00 per square foot making the facility $39,000 per year to rent. Your business model must generate about $390,000.00 to become successful. Include Pro-forma financials. We will discuss this in class. You will have to prove the concept's viability and will want, to provide selling prices and explain how you can justify sales of $390,000+. The room is approximately 30 x 20 feet and the kitchen represents about 1/3 of that or 200 square feet. You can do whatever you like to the front space that comprises 2/3 of the floor plate and you can locate your business anywhere you want in the GTA. In addition, if you want to diminish or increase the front of house space, or place your facility in an expensive area such as the PATH, financial district, or Yorkville for example, you may, but plan for the necessity of increased (decreased) occupancy and revenue generation. Important aspects to consider include: equipment use, facility layout, number of seats, menu, price of menu items, cost of items, average check, average number of covers, location (and the possibility of increased occupancy costs), days and hours of operation, meal parts, prime cost. Your presentation should be 10 minutes, or less, and should present your ideas and explain your choices, defending them.