Competitive Restaurants 4 Step 2: Composite Growth Rate of Demand from the Various Markets 4 Step 3: Future Seats Demand Year by Year 5 Step 4: Future Supply of Seats Required 5 Pro Forma Income Statement 6 Breakeven Point Analysis 7 Capital Investment 7 Reference 8 Informative Analysis Front Matter This feasibility study is to provide informative and financial analysis for Charlie‚ who is willing to open his second restaurant‚ which is similar
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The establishment that I chose to servicescape is the Suede restaurant. Suede is an elegant Caribbean restaurant‚ which is located at 5610 Clarendon Rd‚ East Flatbush‚ NY 11203. The owner‚ Celia Belyn‚ created the restaurant in a non-gentrified neighborhood because she felt that there is not a lot of restaurant like this and she want to help develop the area. Plus‚ it would get her a lot of business because it would be convenient for people in the neighborhood. She also stated that she wanted to
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The Customer is Always Right There is a popular saying in business‚ “The customer is always right.” Originally coined by Harry Gordon Selfridge‚ the original meaning suggests that “a company’s keenness is to put the customer first.”1 Ultimately this phrase indicates that businesses must be aware that their customers are the essence of their business. Without customers‚ the business would seize to exist. I concur with this philosophy as customers are the fundamentals to any business or organization
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If you are looking for a good place with Italian food‚ I will recommend you the Olive Garden. It is my favorite restaurant to dine in. It is a chain of restaurants located all over the United States. The restaurant offers a wide variety of Italian food that I love. I go there with my friends at least once a month. Every time I go there‚ I enjoy the atmosphere of the restaurant‚ the taste of the food‚ and the friendly service. The Olive Garden is a good place where I always experience welcoming
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The south is certainly one of the best areas for good home-style‚ soul food. Bully’s Restaurant opened up in Jackson‚ Mississippi‚ in 1982 on Livingston Avenue. This adored soul food eatery was built directly from the ground up by Tyrone Bully and his father. It was initially planned to be a short-order lunch location‚ with no delay the restaurant changed into a dine-in soul food organization with a full menu including everyday specials. Bully’s doors open 11:00 a.m. Monday through Saturday‚ and
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TYPES OF MENU There are different types of menu available in food and beverage outlets in open market or in high class hotels. A’ la Carté: This is a French word and means “According to the Card or Customer’s Order” It’s a list of all the dishes available in a particular restaurant. In this menu‚ the guests may select separately to compile his or her menu and is required to pay only for the food or beverage items ordered. ¬ Special characteristic features are: - • Extensive choice
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Table of Contents CHAPTER 1: OPENING SCHEDULE CHECKLIST .......................................................... 5 W eek 1 ......................................................................................................................... 5 W eek 2 ......................................................................................................................... 7 W eek 3 ...........................................................................................................
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Chinese Dragon is a Chinese restaurant which locates in the Maple Grove‚ Minnesota. It’s a nice place to treat a friend good food and rest. In there‚ you will find a diversity of Chinese food and desserts in service. This essay will evaluate Chinese Dragon in two different aspects‚ the atmosphere and the food service. The first thing I want to draw attention to this restaurant is the good atmosphere.When you are walking in to the restaurant‚ the soft music you hear will make you relax. The warm
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000‚000 = $5‚150‚943 f. $4 million investment PV = $5‚400‚000/(1+0.06)1 = $5‚094‚340 Virginia’s optimal investment in the restaurant is $3 million‚ which give her a total of $5‚150‚943 at the end of year 1. This is approximately a 29% increase in her wealth. 3. PV of investment with $2.8m borrowed FV = Restaurant Future Cash flows – [Principle(1+0.06)] = $4‚400‚000 – [$2‚800‚000(1.06)] = $4‚400‚000 - $2‚968‚000 = $1‚432‚000 PV = $1‚432‚000/1.06 = $1‚350
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It is no secret that some companies aim to look after their customers well‚ ensuring that the customer is at the heart of their business and everything they do. In marketing terms this is called being customer focused. It is important to realise that customers can take their business anywhere they want to and if they are not satisfied they will take their business elsewhere. Therefore‚ it is very important to understand who our customers are‚ their expectations of the service they experience and
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