Strategic implementation plan

Methods of production: as per our business different methods of production is going to use to maintain our specific taste. Because in Dubai there are already many different restaurants who have their great taste and people are their regular customers. So, BBQ restaurant must be unique methods of cooking to attract more and new customers.

Physical requirements of location: in Dubai, all the restaurants must be centrally air condition due to hot weather and fresh look must be required.

Legal environment: the overall environment must be family oriented. People a come with families and enjoy the atmosphere also get together arrange for family’s events.

Personnel: all the staff must be educated and having skills related to their jobs. They must be trained for the better management of restaurant.

Inventory: furniture’s for sitting of customers must be arranged and proper decoration must be held to make the environment more attractive and beautiful. All accessories for making food also arranged.

Suppliers: to getting all necessary inventories, suppliers must be arranged because management could not obtain all items to preparation of food so suppliers must be ready to get on time all the necessary items.

Credit policy: the policy of credit must be preparing according to requirement of company or restaurant.  Monthly creditors have to clear their accounts so that the profit of restaurant must be calculated on time.

Management and organization: all the staff of restaurant should be educated and trained all the techniques. They must know the goal of business and actual vision of business so that they provide their services at their best to run the organization in most successful way.

Rental plan: the place of restaurant is taken as rent in the top visiting area of Dubai. Because we have to capture that place where more customers are going to visit. But such places having high amount of rent  and our budget for rent is almost $20000 .so we have to select such place that according to our requirement and having rent as per rental budget. Because in starting we have less amount to keep for rent but after sometime when the restaurant will going to earn more and more profit then we may increase our budget for rent but still we have limited budget.

Source of equipment:

All the equipment must be purchase of restaurant because without furniture or other necessary equipment the environment could be manage. So, we have to purchase all equipment and we must consider our budget also, so for that we have to visit china market or other markets that offer reasonable price furniture of good quality and durable in nature. Because restaurant is a place where many people visit on daily basis so too much expensive furniture is considering an extra expense and we have to maintain for budget and also furniture required maintenance at annual basis.

Financial plan:

1. Balance sheet from the first day of business;

2. A cash flow statement for the first 6 months;

3. A pro forma income statement for the first year;

·         Startup capital and assets: where will you get your startup capital (investors, loan) and what assets need to be purchased before you can open your doors on the first day of business?

Ans. Proper investment must require starting up the business. Increase the investment through issue shares or obtain loan from banks. Property, plant and equipment related to manufacturing must be required for the first day of business.

·         What is your profit or loss projection for first year based on your pro forma income statement?

Ans. Projected income statement shows all the revenues which are going to generate in one year sales and consider all the expenses that are bear during one year. After adjusting all the revenues and expenses then we measure all the profit or loss of the restaurant.

·         What is your 3 year profit projection based on your estimate for growth?

Ans. Profit is basically depend on the revenue or sales of the restaurant and with this we also consider that how much business save money to bear all its current expenses, so business has to measure all those expenses to safe its profit in every year and improve its sales.

·         Projected cash flow: just summarize what you see on the cash flow statement

Ans. Cash flow statement show how much cash is incoming and outgoing during its performance. Operating activities, investing activities and financing activities are measure all the flow of cash with in the business.

·         Break even analysis: when will the business breakeven?

Ans. The business is standing on breakeven when all the expenses are equal to profit of business. It means business stands on that position where no profit or loss going to face by the business.

·         Return on investment:

Ans. Business calculates how much it will generate revenue from all its investment by utilizing the assets as compare to sales.