hey there is all info in this file have a good look its all financial part
The project Plan for north Indian Restraurant in Melbourne Victoria. With a budget cost of 300,000$ we spending in full. We choose glenwaverly location for our business Unit Business Applied challenge Need a whole financial part for this business we are 5 members so the business going to register as a company. The Finances Key objectives & financial review Question Explanation More information Financial objectives List your key financial objectives. These can be in the form of sales targets or profit targets. You could also list your main financial management goals such as cost reduction targets. — Finance required How much money up-front do you need? Where will you obtain the funds? What portion will you be seeking from loans, investors, business partners, friends or relatives, venture capital or government funding? How much of your own money are you contributing towards the business? Visit our Business finances topic. Assumptions Question Explanation More information Assumptions List your financial assumptions. These can include seasonal adjustments, drought, economy or interest rates etc. — Start-up costs for [YEAR] table Preparing your start-up costs table The start-up costs table example contains a list of suggested costs a typical business may incur in its first year of operation. Please take these into consideration when preparing your start-up costing. Please note: The table assumes all figures are GST inclusive. Estimating costs Whether you have already started or intending to start you will need to fill in Actual or Estimated figures against the items in the table. If using estimated costs, please label them clearly. See our Prepare financial reports page in our Business finances topic. Balance sheet forecast table Preparing your balance sheet forecast The balance sheet forecast example contains a list of suggested assets and liabilities a typical business may have. Please take these into consideration when preparing your balance sheet forecast. Please note: The table assumes all figures are GST inclusive. Calculations · Net assets equals Total assets minus Total liabilities. See our Prepare financial reports page in our Business finances topic. Profit & loss forecast table Preparing your profit & loss forecast The profit and loss forecast example contains a list of suggested profit items and expenses a typical business may have. Please take these into consideration when preparing your profit & loss forecast. Please note: The table assumes all figures are GST inclusive. Calculations: · Gross profit/net sales equals Sales minus cost of goods sold minus any other expenses related to the production of a good or service. · Net profit equals Gross profit/net sales minus Total expenses. See our Prepare financial reports page in our Business finances topic. Expected cash flow table Preparing your cash flow statement The Expected cash flow example contains a list of suggested incoming and outgoing cash items a typical business may have. Please take these into consideration when preparing your cash flow statement. Please note: The table assumes all figures are GST inclusive. Calculations: · Opening balance equals Closing balance of previous month. · Monthly cash balance equals Total incoming minus Total outgoing. · Closing balance equals Opening balance plus Total incoming minus Total outgoing. See our Prepare financial reports page in our Business finances topic. Break-even analysis table Calculations: · Percentage of price that is profit equals (Average price of each product/service sold minus Average cost of each product/service to make/deliver) divided by Average price of each product/service sold. · Total sales needed to break-even equals Number of units sold needed to break-even multiplied by Average price of each product/service sold. · Number of units sold needed to break-even equals Fixed costs for the month/year divided by (Average price of each product/service sold minus Average cost of each product/service to make/deliver). See our Analyse your finances page in our Business finances topic. The Finances - Projected/Budgetted Financials Key objectives & financial review Financial objectives [List your key financial objectives. These can be in the form of sales or profit targets. You could also list your main financial management goals such as cost reduction targets.] Breakeven by end of Year 3 Finance required [How much money up-front do you need? Where will you obtain the funds? What portion will you be seeking from loans, investors, business partners, friends or relatives, venture capital or government funding? How much of your own money are you contributing towards the business?] Partnerships / PTY Ltd – owners/shareholders contribution ? $300,000 budget Assumptions – Logical The financial tables on the subsequent pages are based on the assumptions listed below: · [List your financial assumptions. These can include seasonal adjustments, drought or interest rates etc.] · Business Structure – owners contribution will be ……. · Owners salaries – take no salaries in Year 1 of operations · Projected Sales/ fees · Technique used – Quantify the Market · Prepaid Bonds – Leases/ Rent : Utilities ( water, electricity gas ) - $$$$$ · Major expenses – based on Industry Benchmark Ratios ( IBIS Report ) · Cost of raw materials _ $$$$ · Employee salaries - $$$$$ minimum wage in Australia aproox $20.00 per hr · Insurances - $$$$$$ · Maintenance _$$$$$$ · Professional Body Assosciations - $$$$ · Interest expense - $$$$$ · Advertising / Marketing - $$$$$ · Distribution of Profits _ $$$$$ · WORKING CAPITAL ( cash flow needed in first 6-9months of operations – identify this figure after preparing a projected cash flow statement . ) START UP COSTS ????? Start-up costs for [YEAR] [Double-click the table below to enter your details or attach your own start up costing sheet at the back of this business plan.] Balance sheet forecast Victoria University Applied Business Challenge BPD3100 Assessment 3: Business Plan ‘BOJIO’ 14th March 2022 Aylin s4635530 Bryan s4642552 Ning s4626074 Ethan s4625838 Elliot s4619139 Serene Ch’ng Ying s4628398 Executive Summary This business plan would present the innovative idea of Bojio. Bojio means “No invite” , where Malaysians would use the slang when they are not invited to a place or event. The business plan of Bojio is inspired by the “Mamak” concept where it is popular in Malaysia. The concept of “Mamak” is simple, it is a restaurant that operates 24/7 serving affordable food for the community and shows sporting events on a TV screen or through a Projector. Bojio will serve Malaysian Cuisines such as the popular Nasi Lemak, Roti Canai and Teh Tarik. Bojio would operate as a restaurant from morning and would transition into a sports bar at night. The business will market as an affordable place where people can socialise and eat. The purpose of creating this business is to fill a market gap that was discovered through a survey of 100 responses. Where it is discovered that 85% of the responses would like to try Malaysian Cuisine and 60% would watch sports at a restaurant or a bar. Bojio would have a business structure of a company with 6 shareholders that will be located in Chapel Street. The business will comprise 10 full time staff with room for part time staff where they would be recruited through interviews. The Business would also pay a total of $1,236.7 for insurance cover. The highest risk that the business would have is burn risk and security risk. Bojio would also have a marketing strategy through Instagram as an incentive to attract more customers to visit Bojio. The start-up cost of Bojio would be $101,376.75 and the total capital cost would be $174,767. Bojio is expected to break even at $502,995.85 of sales with 92 expected customers a day. Table of Contents: Executive Summary1 The Business4 Business Details4 Business Structure4 Business Premises4 Organisation chart4 Key personnel4 Recruitment Options5 Training Programs5 Products/services5 Market Position6 Anticipated Demand6 Pricing Strategy6 Value to customer6 Growth Potential7 Insurance7 Risk Management8 Legal considerations11 Operations13 The Market14 Market Research14 Industry Analysis14 Quantify Your Market16 Market Targets16 Your Customers16 S.W.O.T Analysis16 Your Competitors18 Competitor details Table18 Advertising and Sales:19 Advertising and promotional strategy table19 Sales and marketing objectives21 Unique Selling position22 Sales and distribution channels22 The Project22 Project Summary and Key expectations22 Project Purpose23 Objectives24 Project Plan24 The Finances24 Start Up Funds24 Business Finances Summary24 Break Even Point25 Recommendations and Future Growth25 References26 Appendices28 Appendix 1: Survey28 Appendix 2: Survey Answers30 Appendix 3: Gantt Chart33 Appendix 4: Start-Up Costs34 Appendix 5: Expected Cash Flow35 Appendix 6: Profit & Loss Forecast36 Appendix 7: Break Even Point37 The Business Business Details Bojio is trying to sell Malaysian cuisine such as Roti Canai, Nasi Lemak, Teh Tarik and Rendang. Malaysian cuisine comprises 3 major ethnic influences including Malay, Chinese and Indian. Business Structure The business structure will be a company with 6 majority shareholders to be entitled 16% each while the main contributor will be 16.67%. Business Premises The restaurant will be operating at 362 Chapel Street, South Yarra Vic 3141. The building area would be approximately 190sqm. The premise is surrounded by businesses such as Chemist Warehouse, 7/11 and Taco Bell. The Retail traffic would be heavy as businesses like KFC, McDonalds and Taco Bell are around the corner. The rent would be $75,000 P/A. Organisation chart The business will have an Operations Manager, Marketing Manager, a drinks barista, Security, 2 chefs and 2 waiters. Key personnel Job Title Skills and Abilities Operations Manager Minimum 5 years experience in the F&B industry Marketing Manager Minimum 2 years experience in the F&B industry Drinks Barista Minimum 2 years experience in the F&B industry. Willing to learn new drinks Chef Minimum 2 years experience in the F&B industry. Willing to learn how to make Malaysian Food. Waiter No minimum experience. Willing to learn a few Malaysian words. Security Knows self defence and controlling the crowd. Recruitment Options The staff will be recruited through walk-in interviews and phone calls. The Jobs will be advertised through websites like Jora, Linkedin and Seek. Training Programs The training program will be provided as chefs and baristas will be required to serve Malaysian cuisine. All training will be provided in-house before the grand opening of the restaurant. Products/services Product/ Service Description Price ($) Nasi Lemak Nasi Lemak is basically Coconut rice with