Benihana Case Study

The objective of this business plan is the analysis of the acquisition, renovation and reoperation of a Japanese restaurant which is an existing restaurant in Kato Paphos. Benihana is located near the sea, in the heart of one of the most popular tourist places for summer holidays in Paphos, Cyprus. It was set up in 2006 and had followed a successful track for almost seven years. However after the founder left the country, the restaurant remained closed until recently pending the completion of the obtainment of the estate from the ex owner.
Benihana is an existing medium-sized restaurant with a fully equipped kitchen and dining facilities and seats 85 clients. With the new set up the need of a refurbishment in the main dining area is absolutely
The total cost of the financial investment will reach the amount of €300.000 which includes the cost of the purchase and transfer of lease refurbishment.
The Japanese restaurant will assemble a strong management team headed by a professional, experienced manager which combined with the excellent location, great food and personalized service in a warm and relaxing environment will result to a highly beneficial Japanese restaurant in Kato Paphos area.
2.0 Strategic Summary
The purpose of the business activities (mission) of Benihana and the objectives to be worked together with the strategy followed in order to achieve these objectives are as follows:
2.1 Mission
Benihana will be a restaurant that envelopes fine dining of unique international, Japanese taste combining a friendly, relaxing and eclectic atmosphere for a candle light dinner, and excellent quality of food and service. Employee welfare, participation and training are equally important to our success. We want to offer both fair profits for the owners and a rewarding place for the employees to
After the refurbishment works the restaurant will be operational by the end of the year (December 2014)
The new Benihana will offer customers a trendy, fun place to have great Japanese dishes in a relaxing and warm environment. The restaurant will offer a large range of selected combination platters coming from Japan as well as other international dishes so to provide customers a diverse, unusual menu which I different from the other Japanese restaurants in the area. The aim is to re-introduce the original taste of Japan food priority to healthy Japanese dishes, recognizing the trend within the restaurant industry for the demand for sushi and other healthy cuisine
4.0 Business Model 4.1 Management plan
The ownership of Benihana will be passed to the new owner called T&S Restaurants Ltd ( T&S) a newly established company founded in 2014.
Current Shareholders: Theodoros Christou s take (50%) shares 25.000 @ €1,- Stefanie Mavrokordatou stake (50%) shares 25.000 @ €1,-

Sole Director : Theodoros Christou

Paid Up capital : The issued and fully paid up share capital of T&S