This week you will step into a finance role and must prepare a mock budget that will support your new location. Costs to consider include staff, equipment, maintenance and repairs, and insurance. You must then estimate your expected revenue opportunities. Your objective is to create a budget that identifies when you expect to earn your first profit (what year of operation).

Things to consider include:

• Menu and pricing
• Retail sales
• Online sales
• Special event rentals
• Promotions
• And more.

Your location will operate seven days a week, from 11am until 9pm on weeknights, and 1lam until lam on weekends. You will be closed on certain statutory holidays, like Christmas, but will be able to stay open on other holidays, like New Year's Day.

It is recommended that you use Microsoft Excel for this task. Submit via Moodle.

Deliverables for This Week's Case Study

1. Prepare an operating budget.