The building 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 insurance is $3,600 You have $150,000 of additional funds to allocate for refurbishing the grounds, building structure, interior design, and kitchen 10 of the savings will be allocated to the grounds, 20 to the buildings structure, 20 to update the interior design, and 50 for kitchen installation and fire suppression systems 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 planning on being able to seat 100 people in the restaurant at a time and need 10 extra chairs Silverware, tablecloths and napkins cost a total of $6,000, serving utensils cost a total of $3,000, and glassware cost a total of $5,000 Place plate settings cost $35 each You need to purchase three times the number of planned seats for turn around and breakage (Remember you are planning for 100 people in your restaurant ) Servicing carts, cooking equipment, prep tables, storage containers, and other supplies will cost a total of $16,000 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 your area The research also suggests that tables are turned over for new customers between 13 and 21 times a day in your area, and that restaurants have between 40 and 60 occupancy fill rate each day (Ive done all the calculations and i would have 152 chairs in the entire resturant so thats how many people can be sat a once) Create revenues and food costs from your first 6 days of serving 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

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Posted on Sep 12, 2024

The building 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

The building 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 insurance is $3,600.
You have $150,000 of additional funds to allocate for refurbishing the grounds, building structure, interior design, and kitchen. 10% of the savings will be allocated to the grounds, 20% to the buildings structure, 20% to update the interior design, and 50% for kitchen installation and fire suppression systems.
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 planning on being able to seat 100 people in the restaurant at a time and need 10 extra chairs. Silverware, tablecloths and napkins cost a total of $6,000, serving utensils cost a total of $3,000, and glassware cost a total of $5,000.
Place/plate settings cost $35 each. You need to purchase three times the number of planned seats for turn-around and breakage. (Remember you are planning for 100 people in your restaurant.)
Servicing carts, cooking equipment, prep tables, storage containers, and other supplies will cost a total of $16,000.
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 your area. The research also suggests that tables are turned over for new customers between 13 and 21 times a day in your area, and that restaurants have between 40% and 60% occupancy fill rate each day.(Ive done all the calculations and i would have 152 chairs in the entire resturant so thats how many people can be sat a once)
Create revenues and food costs from your first 6 days of serving 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.