- What are your total startup costs for the restaurant? How do they break down from one time and monthly expenses?
- Explain your startup costs. Discuss your assumptions, where you got the numbers from, what are the largest items? Etc. NOTE: Your numbers must be realistic and make sense.
- Based on your startup costs, How will you raise the needed funds? What do you think will be the major challenges in trying to fund it?
- If you were one of the individuals you approach for funding, what do you think their main question will be? How would you answer it?
XB) Estimated Item 3 Months Cash Required To Monthly Start Business (A reserve Expenses Salary of Owner-Manager $3,700 3 $11,100 All Other Salaries and Wages $23,200 3 $69,600 Rent $5,000 3 $15,000 Advertising $1,000 3 $3,000 Delivery Expense/Transportation $0 3 $0 Supplies $0 3 $0 Telephone, Fax, Internet Service $200 3 $600 Other Utilities $300 3 $900 Insurance $100 3 $300 Taxes Including Employment Insurance $3,766 3 $11,298 Interest $0 3 $0 Maintenance $300 3 $900 Legal and Other Professional Fees $1,500 3 $4,500 Restaurant Technology $414 3 $1,242 Food costs $3,500 3 $10,500 Total Cash Required for Monthly Expenses: (C) $118,440 One Time Capital Costs Cash Required to Start Business Capital Costs Fixtures and Equipment Decorating and Remodelling Installation of Cintur Fouinmont $130,000 $420,000 20 anni Maintenance $300 Legal and Other Professional Fees $1,500 3 Restaurant Technology $414 3 Food costs $3,500 3 Total Cash Required for Monthly Expenses: (C) $900 $4,500 $1,242 $10,500 $118,440 One Time Capital Costs Cash Required to Start Business Capital Costs Fixtures and Equipment $130,000 Decorating and Remodelling $420,000 Installation of Fixtures and Equipment $30,000 Starting Inventory $3,000 Soft Costs Deposits with Public Utilities $1,666 Legal and Other Professional Fees $1,000 Licenses and Permits $500 Advertising and Promotion for Opening $2,000 Accounts Receivable $0 Cash $0 Miscellaneous $0 Total One-Time Cash Requirements: (D) $588,166 Total Estimated Cash Required to Start Business: (C) + (D) $706,606 XB) Estimated Item 3 Months Cash Required To Monthly Start Business (A reserve Expenses Salary of Owner-Manager $3,700 3 $11,100 All Other Salaries and Wages $23,200 3 $69,600 Rent $5,000 3 $15,000 Advertising $1,000 3 $3,000 Delivery Expense/Transportation $0 3 $0 Supplies $0 3 $0 Telephone, Fax, Internet Service $200 3 $600 Other Utilities $300 3 $900 Insurance $100 3 $300 Taxes Including Employment Insurance $3,766 3 $11,298 Interest $0 3 $0 Maintenance $300 3 $900 Legal and Other Professional Fees $1,500 3 $4,500 Restaurant Technology $414 3 $1,242 Food costs $3,500 3 $10,500 Total Cash Required for Monthly Expenses: (C) $118,440 One Time Capital Costs Cash Required to Start Business Capital Costs Fixtures and Equipment Decorating and Remodelling Installation of Cintur Fouinmont $130,000 $420,000 20 anni Maintenance $300 Legal and Other Professional Fees $1,500 3 Restaurant Technology $414 3 Food costs $3,500 3 Total Cash Required for Monthly Expenses: (C) $900 $4,500 $1,242 $10,500 $118,440 One Time Capital Costs Cash Required to Start Business Capital Costs Fixtures and Equipment $130,000 Decorating and Remodelling $420,000 Installation of Fixtures and Equipment $30,000 Starting Inventory $3,000 Soft Costs Deposits with Public Utilities $1,666 Legal and Other Professional Fees $1,000 Licenses and Permits $500 Advertising and Promotion for Opening $2,000 Accounts Receivable $0 Cash $0 Miscellaneous $0 Total One-Time Cash Requirements: (D) $588,166 Total Estimated Cash Required to Start Business: (C) + (D) $706,606