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The Seattle Restaurant is scheduled to open in two months. The owner, Vickie H, seeks your advice on pricing. Although she knows she needs
The Seattle Restaurant is scheduled to open in two months. The owner, Vickie H, seeks your advice on pricing. Although she knows she needs to modify your recommendations based on market conditions, she desires a cost perspective. The Seattle Restaurant will have 150 seats and the average expected seat turnover per day is 1.5 times. The restaurant will open 320 days a year. She has provided you with the following information Vickie's investment Vickie's desired ROI $ 800,000.00 25% Vickie's tax rate Funds borrowed Interest rate Fixed Charges (excluding interest) Cost of Food Sold 1. What is the desired revenue 2. What is the minimum average check in order to make the desire revenue? 35% $ 500,000.00 10% $910,000.00 $ 682,605.69
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