Busn278 course project | Business & Finance homework help


BUSN278 Course Project




Project Overview




This is an individual project where you will be acting as a consultant to an entrepreneur who wants to start a new business. As the consultant, you’ll create a 5-year budget that supports the entrepreneur’s vision and strategy, as well as the needs for equipment, labor, and other start-up costs.




You can choose from one of three types of new business start-ups—a landscaping company, a restaurant, or an electronics store that sells portable computing devices. Each business has its own business profile detailed in the sections below. The purpose of the business profile is to guide you in understanding the scope of the business, the entrepreneur’s start-up costs, and financial assumptions.




The project requires you to create a written budget proposal, a supporting Excel workbook showing your calculations, and a PowerPoint presentation summarizing the key elements of the budget proposal, which you assume will be presented to a management team.




This is an individual project. Each week you will complete a section of the project in draft form. In Week 7, you will submit the final version of the project’s budget proposal, budget workbook, and budget presentation in PowerPoint.




Deliverables Schedule and Points








Section 1.0 Executive Summary (Draft)



Section 2.0 Sales Forecast (Draft)



Section 3.0 Capital Expenditure Budget (Draft)



Section 4.0 Investment Analysis (Draft)



Section 5.1 Pro Forma Income Statement and 5.2 Balance Sheet (Draft)



Section 5.3 Pro Forma Cash Budget (Draft)



Final Budget Proposal



Final Presentation with PowerPoint



Total project points




Business Profile:Papa Geo’sRestaurant








The vision of the entrepreneur is to create a single-location, sit-down Italian restaurant called Papa Geo’s. The goal is to generate an income of $40,000 per year, starting sometime in the second year of operation, as wells as profit that is at least 2% of sales.








a) Market Focus and Analysis


The restaurant targets middle- to lower middle-class families with children, as well as adults and seniors, located in Orlando, Florida. The area within 15 minutes of the store has 10,000 families, mostly from lower to middle-class neighborhoods. Average family size is four people per household. There is no direct competition; however, there are fast food restaurants like McDonald’s, Taco Bell, and Wendy’s in the geographical target market. The lower to middle-class population is growing at about 6% per year over the next 5 years in this area.




b) Product


The product is Italian food served buffet style, in an all-you-can-eat format, with a salad bar, pizza, several different types of pasta with three or four types of sauces, soup, desserts, and a self-serve soda bar. The restaurant is also to have a 500 square foot gaming area that has game machines that children would be interested in using.




c) Basis of Competition


Customers come to this restaurant because of the good Italian food at a low price—you can get a meal for $7, including drinks. Customers also eat at Papa Geo’s due to the cleanliness of the facility, the speed of getting seated and served, and the game machines that keep the children busy while adults enjoy their meal.




Start-Up Requirements*




Given Costs


  • The cost of registering a limited liability company in Florida—filing fees listed at the bottom of the application located at http://form.sunbiz.org/pdf/cr2e047.pdf

  • Renovation of the facility expected to cost $15,000

  • Business insurance, estimated at $1,000 per year

  • Health and other benefits at 20% of the salaries of the manager and assistant manager


Costs you should estimate through research, experience, or other methods


  • Soda fountain bar
  • Two pizza ovens
  • Salad and pizza/dessert bar
  • Approximately 100 square foot commercial refrigerator
  • Two cash registers
  • Six video game machines
  • Management office with desk and lower priced laptop computer
  • Staff lunchroom equipment such as microwave, sink, cupboards, and refrigerator
  • 20 four-seat tables with chairs
  • Busing cart for transporting dirty dishes from the dining area to the dishwashing area
  • 140 sets of dishes, including cutlery and drinking cups
  • Commercial dishwasher
  • Miscellaneous cooking and food handling equipment like trays, lifters, spoons, pots, and so on
  • The cost of an average of seven employees on the payroll
  • All operating costs, such as advertising, rent for a 3,500 square foot facility with male and female washrooms (already installed), utilities, maintenance, and annual depreciation




*If you have questions about start-up requirements, or think that other start-up costs necessary for the business are missing, then make an assumption and state it in the relevant section of the report.




Given Financial Assumptions*


  • The owner will be granted a loan for the initial start-up, repayable over 10 years at current interest rates for small business loans.
  • The owner will use personal funds to operate the business until it generates enough cash flow to fund itself.
  • Essentially, all sales are made by credit card. All credit card sales are paid to the restaurant daily by the credit card company.
  • A total of 2.5% of sales are paid to the credit card company in fees.
  • Food suppliers give 30 days of trade credit.
  • Inventories are expected to be approximately 10% of the following month’s sales.
  • The average meal costs $4 in materials and labor.
  • The average family spends $4 on vending machine tokens.
  • Equipment is depreciated on a straight-line basis over 5 years.
  • Managers have health benefits, and other workers do not. The company will operate from 10:00 a.m. to 9:00 p.m., 7 days a week.
  • The entrepreneur will manage the store and draw a salary.
  • Every shift has one person on the cash register, one keeping the food bars stocked with food, two cooking the food, one on busing and table cleaning, a manager, and an assistant manager.




*If you believe any other assumptions are necessary, please state them in your budget proposal.





Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10