I need help with this assignment, even if just one part of the assignment, especially the cost portion.

Step 1: Identify Revenue Sources

Based on your business model and the results from your reality check, develop an updated revue projection for the first two years of operation (monthly) and for Years 3-5 (annually).

Step 2: Identify Costs

Based on your business model develop an updated cost projection for the first two years of operation (monthly)and for Years 3-5 (annually).

Step 3: Create Your Pro-Forma Financials Deliverable

This should be submitted to the assignment drop-box, as explained below in the Assignment Submission Instructions section. The deliverable has three major sections:

Service Concept

Chef Select is a(n) online/mobile application, designed to bridge the gap between independent chefs with the community, or consumer base. Primarily, the app accomplishes this by providing an easy-to-use platform that encourages small-time, or independent, chefs and culinary hobbyists to connect and offer an alternative, healthier option to ordering food. Chef Select aims to push this collaboration and help spark innovation among the chefs and their communities. Additionally, the app hopes to break the mediocracy of modern restaurant menu selection and offer culturally diverse cuisines to people, who otherwise would not be afforded the opportunity.

Revenue Projection

Provide revenue projections as described above. Explain your projections and indicate your time to first dollar.

P&L Projection

Subtract your expected costs from your expected revenues to create P&L statements for the same periods. Explain your projections and indicate your time to first profit.

Cash Flow Projection

Start with your Beginning Cash, add Net Income from your P&L and adjust for non-cash items or payments not yet made/received. Be sure to show anticipated funding sources

Chef Select is a(n) online/mobile application, designed to bridge the gap between independent chefs with the community, or consumer base. Primarily, the app accomplishes this by providing an easy-to-use platform that encourages small-time, or independent, chefs and culinary hobbyists to connect and offer an alternative, healthier option to ordering food.

The question is: Step 2: Identify Costs

Based on your business model develop an updated cost projection for the first two years of operation (monthly)and for Years 3-5 (annually). We going to start in Tucson than Phoenix, AZ, and then California after that going nationwide. I need a detailed cost for this venture the expenses will be like advertising, delivery fleet, etc. The question is I need to prepare an estimate of the cost for the first six months in Tucson, AZ then Phoenix, AZ monthly for two years, then prepare a cost projection annually for 3-5 years when we go International.

This is the cost portion of the venture that I need to develop a projection for:

Costs

Try to estimate all your costs. Provide all your assumptions and calculations.

Developing cost: This is the initial investment made for developing the MVP of the app. For the initial stage, the beta version can be released for testing and feasibility. The initial cost will be on the design, development, and testing. The cost will be driven by functionality, design, and scalability. Starting with simple basic features app cost $10,000.00

License fee: There will be a one-time license fee for such apps depending on the geography and law of the land. This will cost $99.00 annually.

App hosting fee: As Chef Select is hosted on forums like the IOS and Android Store, there is an initial cost of $500.00.

Payment gateway charges: With the option of online transactions, the payment gateway charges a one-time setup fee, transaction cost, and annual maintenance cost. The basic plan has no setup fee and costs $15.00 per month, and charges $0.30 per transaction processed.

Deliver fleet: There will be the cost of maintaining a delivery fleet. This is mainly the wages of the delivery driver. The delivery driver will use his or her own insurance policy, thus cutting costs on the company and absolving any possibility from any hefty lawsuits. The only cost incurred through the fleet is the mileage cost that the drivers will receive based off of their average MPG and how expensive gas is in the city where they work. The delivery driver will be on-demand when the order is placed, and it will be one of the developers. Due to the nature of on-demand orders and the variation between models, it is not possible to estimate what this cost would be. As more information becomes available from the fleet data, Chef Select will accommodate the budget accordingly.

System Integration: There will be a fee that needs to be paid for integrating the Google Map into the app. This map will be handy for locating the customer, tracking the order, and conducting proximity calculations. This cost $200.00 per month for usage and any usage that exceeds the $200.00 monthly credit limit will be charged to our billing account.

Rent cost: The cost of renting the office space (if any), infrastructure maintenance. We will not rent an office, it will operate out of a home-unit.

Advertising and marketing cost: This cost will mostly be for creating an awareness among the customer base. Attracting customers to the platforms by various loyalty programs, coupons, referral codes. The average cost is between $4000.00 and $7000.00 per month. After this first month and depending on consumer traffic, Chef Select might adopt cheaper marketing strategies. The budget will be accommodated as that information becomes available.

Salaries and wages: The cost of wages for the developers and other staff for maintaining the smooth operation of the platform. Initially, developers, the five founders, will operate as self-funded entrepreneurs and Chef Select will have no salary expectation. Initially, the founders unanimously decided to not collect salaries to ensure the profitability of the venture. As the company matures and provides more accurate financial data, salaries will be calculated.