Essay about Financial Plan

Essay about Financial Plan Essay about Financial Plan Business Plan MR.BEAR Korean Barbeque (BBQ) Buffet Jinse, Zoe, Nicky, Nichole, Ying CONTENTS 1. Business Idea * Goods or services * Product, price, sizes, services, offers * Logo * Business name 2. Market * Market size * Market segment * Main competitors * 3. Research * Primary research * Secondary research 4. Legal Structure 5. Location 6. Human resource * Number of employees you plan to employ 7. Finance * Sources of finance(short and long term) 8. Costs * Start-up costs * Fixed and variable costs 9. Budget * Sales budget * Cost budget * Production budget 10. Financial forecast * Break even chart * Cash flow forecast 11. SWOT analysis 12. Appendix BUSINESS IDEA MR.BEAR is a Korean BBQ Buffet restaurant. We will provide many different types and parts of fresh meats (Beef, pork, chicken, lamb). It will be called the meat bar. Also, we will offer salad bar and even desserts. Our first restaurant will be located in Tottenham Court Road, London. MR.BEAR would be a medium restaurant like Pizza Hut and Nando’s which are normal restaurants for people as not too expensive compare to high restaurants like hotel meals therefore they are easy to come and enjoy our restaurant. Korean BBQ refers to the Korean method of grilling beef, pork, chicken, lamp or other types of meat. Such dishes are often prepared at the diner's table on gas or charcoal grills that are built into the table itself. Some Korean restaurants that do not have built-in grills provide portable stoves for diners to use at their tables. As we mentioned above, our restaurant will be operated as a buffet which is a system of serving meals in which food is placed in a public area where the diners generally serve themselves. We will provide fresh many different meats, vegetables, side dishes and desserts (fruits and ice creams). People can choose and eat every food that they want to try. Moreover, about drinks, not only soft drinks but we will also offer Korean traditional teas and Korean traditional alcoholic drinks (Soju and Makgeolli). [ If people pay certain amount money (It will be shown below), they could try all the food as much as you like. We will only charge costs for drinks. However, there is a time limit maximum two hours as some people could stay more than 3hours, and then our business would be failed. Pictures of meat bar How to enjoy our restaurant (grill) Step 1 Bring your food what you want from the food bars and put your meat like the picture below Step 2 When the meat is roasted well done one, then roast another part as well. Step 3 When the both side of meat are roasted, and then cut the meat. Step4 Menu | Weekdays | Weekends | Lunch | * Adult: Â £14.90 * Student: Â £11.90 * Children(5-11): Â £5 * Baby(0-4): Free | * Adult: Â £16.90 * Student: Â £13.90 * Children(5-11): Â £5 * Baby(0-4): Free | Dinner | * Adult: Â £17.90 * Student: Â £14.90 * Children(5-11): Â £7 * Baby(0-4): Free | * Adult: Â £19.90 * Student: Â £16.90 * Children(5-11): Â £7 * Baby(0-4): Free | Special side dishes * Korean cold noodle: Â £3 * Korean spicy noodle: Â £3 * Korean Miso soup: Â £3 * Korean Kimchee soup: Â £3 | Drinks * Soft drinks: Â £1.30 * Korean green tea: Â £2Beverages * Soju: Â £8.90 * Makgeolli(rice wine):