"BE OUR GUEST‚ INC." Be Our Guest Inc.‚ a Boston based company‚ is a rapidly growing equipment rental company with substantial seasonality in its revenues and profits. In the spring of 1998‚ the senior management team is reviewing its financial plans in preparation for a meeting with the company’s bank. The case provides an opportunity to forecast financial needs and consider the appropriate structure and amount of bank borrowing. � For years the company has been renting party supplies and furniture
Premium Balance sheet Revenue Asset
Be Our Guest‚ Inc. In 1983‚ Stephen Lizio integrated his wide array of experiences in the wine and food industry to find Be Our Guest‚ Inc. in 1983. Primarily serving caterers‚ the company initially provided only labor through wait-staff but eventually expanded their services to include equipment like tables and chairs‚ which became the foundation of the business. Lizio gradually developed a core management team‚ comprising of himself as the Chairman‚ Al Lovata as the CEO‚ and Simone Williamson
Premium Revenue Boston Interest
Why did the current amount of debt limit how much the business could borrow to solve the current cash crunch? Be Our Guest‚ Inc. has maxed out their available credit. The company has a high balance of long-term debt and a revolving credit line to help pay for their business expenses. Due to the fact that the company’s customers did not pay their bills on time Be Our Guest‚ Inc. ran out of cash which hindered them in further extending their credit. Banks won’t extent loans when there isn’t any security
Premium Money Debt Interest
Be Our Guest‚ Inc. Case Analysis Page 1 INDEX 1. Key success factors & company performance…………………………………………………..3 2. Bank perspective regarding the performance…………………………………………………..7 3. Bank financing perspective at the end of 1998……………………………………………….10 4. Management perspective regarding the bank financing………………………………….13 5. Exhibit 1 – Annual Income Statements (1994-1997)………………………………………17 6. Exhibit 2 – Annual Balance Sheets (1994-1997)……………………………………………..18 7. Exhibit 3 – Quarterly Income
Premium Income statement Revenue Net income
Be Our Guest Be Our Guest‚ a Boston based company‚ is a rapidly growing equipment rental company with substantial seasonality in its revenues and profits. For years‚ the company has been renting party supplies and furniture to caterers‚ event planners and hotels; it has also managed to grow gradually in a very volatile and seasonal business. The founder‚ Stephen Lizio and co-owners Al Lovata and Simone Williamson found it difficult to fund daily operations because of seasonal cash shortages
Premium Revenue Income statement Loan
Be Our Guest-‐ Case Write Up Founded in 1983 by Stephen Lizio‚ Be Our Guest started off providing temporary wait-‐staff and other services to catering companies. The firm later began to rent tables‚ chairs‚ and other equipment to caterers. Be Our Guest grew rapidly‚ reaching revenues
Premium Balance sheet Asset
Be Our Guest Case Study Founded in 1983‚ Be Our Guest is a firm dedicated to assisting catering companies in their equipment needs. Catering to a higher echelon of the catering business community‚ it offered very elegant inventory that could be used at many top notch hotels. Furthermore‚ some of the industry success factors that Be Our Guest prides itself upon are maintaining positive relationships‚ high quality service‚ and high customer satisfaction. Traditionally‚ it is that that keeping a
Premium Hotel Management Customer
Albert Camus: The Guest 1. Existentialism: Sartre and Camus are the two most important French Existentialists. 2. Do not believe that there is any “essential nature” 3. Believe that our “nature” is constructed by the choices that we make 4. Absurdism: The belief that our desire for meaning is greater than the capacity of the universe to produce meaning. 5. There is no inherent meaning in the world 6. We warp the non-sense of the universe into a meaningful material reality
Premium Existentialism Philosophy of life Søren Kierkegaard
Drivers of Industry Financial Structure J. Development of prepackaged software Investment in innovation is extremely important in software industry. So the R&D/Sales is high. And their products are actually technology‚ so there is no inventory and gross margin is very high‚ which is close to 91%. All facilities they need are an office building and computers. The net plant& equipment is low. A .On-line retailer Receivables are zero because individuals pay cash or credit card when they
Premium Revenue Balance sheet
Sandra Newton Dr.Kay English 102 22 April 2013 The Guest “The Guest” is a short story about a schoolteacher who refuses to take sides in the colonial conflict in Algeria. The short story was written by Albert Camus‚ winning author‚ journalist and philosopher. The short story was first published in 1957. The story takes place in Algeria with two men climbing a rocky slope. Daru is a schoolmaster‚ who also lives in the school house. There is no school when it is a blizzard; all the
Premium Short story Albert Camus The Guest