Executive Summary Papa Geo's
The best authentic Italian cuisine has now arrived in beautiful city of Orlando, FL; with delicious Italian entries served buffet style come one, come all to the best Italian food in the city. Papa Geo’s Restaurant is an all you eat Italian buffet, which serves various traditional Italian dishes such as pizza, different pasta combinations, but also soups and salads. Papa Geo’s Restaurant is a 3,500 square foot facility of pure Italy, able to hold up to 80 customers the restaurant have more than enough room for families of all sizes. Papa Geo’s restaurant will operate within the hours of 10 am to 9 pm, 7 days a week.
With the population within our restaurant radius growing at a steady six percent per year, the company believes that this
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Given Financial Assumptions* * The owner will be granted a loan for the initial startup, repayable over 10 years at current interest rates for small business loans. * The owner will use personal funds to operate the business until it generates enough cash flow to fund itself. * Essentially, all sales are made by credit card. All credit card sales are paid to the restaurant daily by the credit card company. * 2.5% of sales is paid to the credit card company in fees. * Food suppliers give 30 days of trade credit. * Inventories are expected to be approximately 10% of the following month’s sales. * The average meal costs $4.00 in materials and labor. * The average family spends $4.00 on vending machine tokens. * Equipment is depreciated on a straight-line basis over 5 years. * Managers have health benefits, other workers do not. The company will operate from 10:00 am to 9:00 pm, 7 days a week. * The entrepreneur will manage the store and draw a salary. * Every shift has one person on the cash register, one keeping the food bars stocked with food, two cooking the food, one on busing and table cleaning, a manager, and assistant manager.