Fast food restaurant mainly focusing on serving chicken product Essay

1.0 Company Summary

Chicken Delicious is a medium sized fast nutrient eating house chiefly concentrating on functioning lily-livered merchandise fundamentally halal in order to run into the demands of people belonging to all cultural background and will be located in the high street of London ( Hounslow ) .

1.1 Ownership

The eating house will get down up as a partnership holding 3 spouses who will be supplying all

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

Fundss required.

1.2 Business Objectives.

– Gross saless to be expected & amp ; lb ; 630,000 for the fist twelvemonth which can be summarized as follows ( & A ; lb ; 270,000 for first 6 months and & A ; lb ; 360,000 for staying 6 month ) .

– Should take maximal 10 months to pay back the investing made by the investors.

– Should supply exceeding quality service to clients.

– To carry on concern in ethical mode ( As it is Halal eating house so we will buy

Meat merely from halal provider )

– And to go one of the taking eating house concatenation in U.K

2.0 STARTUP DETAILS

We had find a premises for fast nutrient at hounslow, 0.53 stat mis off from Hounlsow East Tube station.

We had decided to buy the store at a full payment of & A ; lb ; 125,000 which includes all charges including committee and preliminary disbursals.

The eating house can function 25 clients at a given period of clip, in other words 25 people

Can sit and hold their nutrient.

The startup cost and Assets ( Equipment ) demand is explained as below.

Startup Expenses Incurred

& A ; lb ;

Commission

2500

Legal ( Paperwork )

800

Painting and Furbrishing

2500

Furnitures ( Table and Chair )

1200

Entire Startup Cost ( A )

7000.

Startup Asset Requirements

& A ; lb ;

Microwave Owen

595

Scandia – Cold Room

2195

Deep-freeze

3000

Display Unit

680

Fryer Electric

1780

Coffee Machine

1400

Shelf Unit x 3

600

Grill x 2

3000

Entire Equipment ( B )

13250

Cash balance in the beginning.

4750

Value of Premises.

125000

Sum of Cash Requirement ( A+B+C )

150,000.

Support

& A ; lb ;

Investing

Mr. Sharma

75000

Mr. Aziz

50000

Myself

25000

Entire Investing

150,000

Liabilitiess

Current Liabilitiess

Account Collectible

1200

Long term

0

Entire Liabilitiess

1200

3.0 FOOD ITEMS SPECIALITY

Our eating house will chiefly concentrate on poulet merchandises.

After doing necessary market research and study we had planned that we will

Specialize in the undermentioned merchandises.

  1. Chicken Sandwich Burger.
  2. Chicken hot wings.
  3. Pieces of poulet chest.
  4. French friess.
  5. Chicken Barbeque.
  6. Chicken Grill.
  7. Nuggets.
  8. Soft drinks.

3.1 MENU

As per the handiness of the above merchandises we had decided that we will be

Having childs, single and household repast.

Children Menu will dwell of the followers.

– Nuggets Meal, ( 4 Nuggets, Small french friess and Drinks )

– Chicken hot wings Meal ( 3 pieces of poulet ) drink and little french friess.

– Chicken Grill ( 3 little pieces of broiled poulet little french friess and drink )

Apart from the above kids meal we will named our repast points Alphabetically

as follows.

Meal A

– 2 pieces of poulet chest, french friess and drink,

Meal B

– 4 hot wings medium french friess and drink.

Meal C

– Chicken Barbeque medium french friess and drink.

Meal D ( Family Meal )

– 4 pieces of Chicken breast,9 Nuggets,12 hot wings, 2 medium french friess and 1 ltr of drink bottle.

Meal F

– Chicken Sandwich Burger, medium french friess and drink.

Meal G

– 4 pieces of Chicken Grill and 1 Chicken chest and drink.

Meal H

– 2 Pieces of poulet chest, medium french friess and drink.

3.2 PRICES.

The sort repast will be fixed at & A ; lb ; 1.99

Meal A

2.4

Meal B

2.4

Meal C

2.5

Meal D

10.99

Meal F

2.4

Meal G

2.5

Meal H

2.4.

Note: The clients can pay 30 pence supernumerary for adding big french friess in their repast

4.0 PRODUCT COST.

1 ) Chicken Sandwich Pattie ( Cost of 1 bag & A ; lb ; 4.5 )

– Each bag contains 12 pieces of poulets.

– 1 Chicken will be approx 0.38 lb.

2 ) Chicken hot wings ( Cost of 1 bag & A ; lb ; 2.2 ) .

– Each bag will incorporate 16 pieces of poulet

– 3 hot wings will be approximately about 0.42 lb.

3 ) Pieces of poulet chest ( Cost of 1 bag is & A ; lb ; 3 )

– Each bag will incorporate 10 pieces of poulet.

– Cost of 2 Chicken chest will be 0.60 lb.

4 ) Fries ( A box of french friess will be bing around & A ; lb ; 4 )

– Each box will incorporate 5 bags o f french friess

– Each bag of french friess can do 7 medium french friess.

– Cost of 1 medium french friess will be approx 0.12 lb.

5 ) Chicken Barbeque.

– Chicken Barbeque will be made from poulet chest

– Barbecue sauce will be added up.

– Cost of 2 Chicken barbecue will be 0.80 lb.

6 ) Chicken Grill ( Cost of Chicken Fillet will be around & A ; lb ; 4 )

– Each bag will incorporate around 30 pieces of poulet.

– Cost of 3 poulet grill will be 0.4 lb

7 ) Nuggets ( Each bag will incorporate 50 pieces of nuggets bing & A ; lb ; 5 ) .

– Cost of 3 nuggets will be 0.30 lb.

8 ) Soft drinks.

– Soft drinks can will be purchased from local supermarkets

– Each 250 milliliter of soft drink can will be around 15 pence.

– Selling monetary value will be 50 pence each.

Note: 12 Liters of Oil will necessitate hebdomadal which will be & amp ; lb ; 10 lbs.

4.1 ITEM COST

Item

Cost

Meal A

0.87

Meal B

0.83

Meal C

1.07

Meal D

5.20

Meal F

0.80

Meal G

0.78

Meal H

0.87

5.0 MANAGEMENT SUMMARY

The procedure of engaging staff will be conducted by me as I have an experience in Fast nutrient industry. I will be engaging 2 sift directors a twenty-four hours and will name Wholly 4 displacement directors. There will be 15 crew members hired for the eating house. And 3 will be working per displacement and will be 6 wholly in a twenty-four hours.

5.1 WAGES

Due to tough competition Shift director will be acquiring 6.5 lb per hr. All crew members will acquire a lower limit pay which is 5.5. Note: All crew members and Directors are capable to 40 pence increase Every 4 months based on their public presentation reappraisal.

Projection of annual rewards

Jan

Feb

March

Apr

May

June

Shift Manger

3120

3120

3120

3120

3312

3312

Crew Member

7920

7920

7920

7920

8496

8496

Entire

11040

11040

11040

11040

11808

11808

July

Aug

Sep

Oct

Nov

Dec

Shift Manger

3312

3312

3456

3456

3456

3456

Crew Member

8496

8496

8928

8928

8928

8928

Entire

11808

11808

12384

12384

12384

12384

6.0 SALES FORECAST FOR FIRST 6 MONTHS.

Entire figure of repasts to be sold in a twenty-four hours is 600. Average cost of each repast is 85 pence excepting repast D. Total direct cost of repast in a twenty-four hours is 510. Entire forecasted day-to-day gross revenues is 1500 lbs Consequently Monthly gross revenues will be 45000 lbs Direct Material cost will be 15300.From the above gross revenues forecast jutting net income and loss history can be prepared

In order to place net income border.

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

Jan

Feb

March

April

May

Jun

July

Aug

Sep

Oct

Nov

Dec

Gross saless

450

450

450

450

450

450

600

600

600

600

600

600

Direct Cost

153

153

153

153

153

153

204

204

204

204

204

204

Others

0

0

0

0

0

0

0

0

0

0

0

0

Entire Gross saless Cost

153

153

153

153

153

153

204

204

204

204

204

204

Gross Margin

297

297

297

297

297

297

396

396

396

396

396

396

% Gross Margin

66

66

66

66

66

66

66

66

66

66

66

66

Expenses

Wagess

110

110

110

110

118

118

118

118

123

123

123

123

Utilities

10

10

10

10

10

10

10.5

10.5

10.5

11

10.5

10.5

Depreciation

1.4

1.4

1.4

1.4

1.4

1.4

1.4

1.4

1.4

1.4

1.4

1.4

Payroll Tax N.I

7.7

7.7

7.73

7.73

8.3

8.3

8.26

8.26

8.61

8.6

8.61

8.61

Assorted

5

5

5

5

5

5

5

5

5

5

5

5

Entire Operating

135

135

135

135

143

143

143

143

149

149

149

149

Net Net income

162

162

162

162

154

154

253

253

247

247

247

247

Before Tax

Taxation @ 20 %

32

32

32.5

32.5

31

31

50.6

50.6

49.5

49

49.5

49.5

Net income After Tax

130

130

130

130

123

123

202

202

198

198

198

198

Net Net income to

29

29

28.9

28.9

27

27

33.7

33.7

33

33

33

33

Gross saless Ratio

Notes:

  1. Net income Chargeable to Corporation Tax ( PCTC ) will be deemed at 20 % a
  2. Gross saless are expected to lift from 6 month onwards.

6.1 PAY BACK PERIOD CALCULATION

Entire Investment 150,000

Accumulative return after each month

Month Return

Living quarterss

Net Net income Projected

Accumulative Net income

q 1

39000

39000

q 2

37600

76600

q 3

60200

136800

10th Month

19800

156600

From the above budgeted Net income and Loss Account and Budgeted gross revenues analysis

It can be seemed that concern will pay back their capital employed after 10th month.

7.0 PROJECTED CASH FLOW OF THE BUSINESS.

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

& A ; lb ; 00

Jan

Feb

March

April

May

Jun

July

Aug

Sep

Oct

Nov

Dec

Gross saless

450

450

450

450

450

450

600

600

600

600

600

600

Receivable

0

0

0

0

0

0

0

0

0

0

0

0

Others

0

0

0

0

0

0

0

0

0

0

0

0

Extra

Cash rec

0

0

0

0

0

0

0

0

0

0

0

0

Bank

Borrowing

0

0

0

0

0

0

0

0

0

0

0

0

Gross saless of

0

0

0

0

0

0

0

0

0

0

0

0

Assetss

New Invest

0

0

0

0

0

0

0

0

0

0

0

0

Sub sum

450

450

450

450

450

450

600

600

600

600

600

600

Cash

Expenses

Wagess

110

110

110

110

118

118

118

118

123

123

123

123

Utilities

40

42

44

Supplier

153

153

153

153

153

153

204

204

204

204

204

NI Tax

7.7

7.7

7.73

7.73

8.3

8.3

8.26

8.26

8.61

8.6

8.61

8.61

Misc

5

5

5

5

5

5

5

5

5

5

5

5

Tax

490

Entire

123

276

276

316

284

284

284

377

341

341

341

875

Balance

327

511

685

819

985

1151

1466

1689

1948

2208

2467

b/f

Net Cash

327

502

685

819

985

1151

1466

1689

1948

2208

2467

2193

Premise on the above forecasted Cash Flow.

  1. Suppliers are paid in a 1 month recognition.
  2. Utilities are paid every 4 months.
  3. Corporation Tax is paid yearly.

8.0 PROJECTED BALANCESHEET FOR THE Year 2008.

Assetss

Current Assetss

2008

Cash

219300

Other Current Assetss

0

Entire Current Assets

219300

Long-run Assetss

Property Value

125000

Long-run Assetss

13250

Accumulated Depreciation

17

Entire Long-term Assetss

138233

Entire Assetss

357533

Liabilitiess and Capital

Current Liabilitiess

2008

Histories Collectible

0

Current Borrowing

0

Other Current Liabilitiess

0

Subtotal Current Liabilitiess

0

Long-run Liabilitiess

0

Entire Liabilitiess

0

Paid-in Capital

150000

Retained Net incomes

207533

Entire Capital

357533

Entire Liabilitiess and Capital

357533

Net Worth

357533

7.1 Future PROSPECTS

As it is seen from the net income and loss history and Cash flows that company Will Be holding adequate of hard currency say 2,19300 after 1 twelvemonth and if the hereafter clip It is observed that the company ‘s net income will increase as it is known from the Same nature of concern runing within the part. It can look into presenting new merchandises buying new extra equipments for New merchandises. The undermentioned consideration might be taken into history in order to

Make the best usage of hard currency.

  1. Expansion ( Opening extra subdivision ) . This will run into the concern aim Of holding a eating house concatenation in U.K
  2. Bettering bing concern to gain more net income.
  3. Increasing the merchandise line and supplying more options to clients.
  4. Bettering employee ‘s wage graduated table for dedicated and senior employees.