Fine Dining Restaurant Business Plan

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Company Summary

Gabri's Lounge & Restaurant will feature an outstanding New American-Swedish menu with a touch of Asian influence in an upscale and cozy atmosphere.The menu is inspired from different cuisine's specialties and will appeal to a wide and varied clientele. We will offer a three course ‘business lunch' prix fixe and a three course dinner prix fixe in addition to the regular menu.

We will be open 7 days a week. Serving lunch Monday - Friday 11:30 AM - 2:30 PM. Dinner Sunday - Thursday, between 5 PM - 10 PM. Friday and Saturday Dinner 5 PM - 11 PM. The lounge will be open until 2 AM Friday and Saturday. Sunday - Thursday the lounge will stay open till 12 AM. Saturday and Sunday we will serve brunch between 11 AM - 3 PM. We will be closed on New Years Day, Thanksgiving Day and Christmas Day. We will be open on large holidays such as Memorial Day, Fourth of July and Labor Day weekend. These are three big weekends 'down the shore' that brings many tourists to the area.

The restaurant will have paintings and drawings from some of the areas most notable new artists. Once a month the lounge will feature a new artist and their work. This will give the art community an opportunity to show their work in a friendly and exciting atmosphere. We will send out special invitations for the opening night and attract many people and newspapers. The showing will only take place in the lounge so we can still seat people in the restaurant.

Every Monday night (most bars and restaurants are closed in Monmouth County on Mondays) we will have 'Restaurant Night.' This will give the other restaurant owners and employees a chance to socialize on a 'night off' and it will contribute to a sense of community in the local industry.

We will have special Wine Tasting Evenings, a five course meal featuring new wines sponsored by our distributors. Customers can come and learn more about wine and food! Other special evenings at Gabri's are Easter dinner, Swedish Midsummer, our famous Smörgåsbord, Fourth of July celebrations, Labor Day weekend and Christmas dinners.

Gabri's Lounge and Restaurant will be the perfect place when customers need that 'little extra.' They can have business meetings here, a place for a quiet conversation, or for a special occasion. We will make up special hors d'oeuvre platters or full course meals for customers' special occasions.

2.1 Company Ownership

The restaurant will start out as a LLC corporation, owned by its founders Linda Andersson and John Billeci. Ms. Andersson will function as the General Manager and Mr. Billeci as managing partner.

2.2 Start-up Summary

The founders of the company are Linda Andersson and her companion John Billeci. Linda works in the kitchen and manages personnel. John focuses on the financial issues. We are looking for a restaurant space approximately 2,000 - 2,500 sq. ft. in Long Branch, New Jersey. We will open Gabri's in March 2003.

We are personally committing $60,000 of capital, plus a $200,000 SBA 7(A) loan guaranty and seeking an additional $125,000 from investors to start up the company.

Our start-up costs come to $385,000 which is mostly expensed equipment, furniture, painting, reconstruction, rent, start-up labor, liquor license, six months operating cash, and legal and consulting costs associated with opening our restaurant. These are the start-up requirements to the best of our knowledge and experience in the industry.

Start-up Funding
Start-up Expenses to Fund $300,000
Start-up Assets to Fund $85,000
Total Funding Required $385,000
Assets
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $85,000
Additional Cash Raised $0
Cash Balance on Starting Date $85,000
Total Assets $85,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $200,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $200,000
Capital
Planned Investment
John & Linda $60,000
Investor 2 $25,000
Investor 3 $50,000
Investor 4 $50,000
Additional Investment Requirement $0
Total Planned Investment $185,000
Loss at Start-up (Start-up Expenses) ($300,000)
Total Capital ($115,000)
Total Capital and Liabilities $85,000
Total Funding $385,000
Start-up
Requirements
Start-up Expenses
Legal $5,000
Stationery & Sign $5,000
Office Supplies (Computer, Fax, Printer) $5,000
Uniforms $2,000
Insurance $2,000
Rent & Security Deposit $18,000
Outdoor Patio & Garden Setting $10,000
Liquor License $75,000
Furniture $40,000
Cash Register/Software $10,000
Bathrooms Repair (Materials/Labor) $15,000
Windows Repair (Materials/Labor) $5,000
Floor & Wall Coverings (Materials/Labor) $20,000
Paint $4,000
Lighting & Lamps (Materials/Labor) $12,000
Phone & Gas Deposit $1,000
Food & Liquor $30,000
Kitchen Supplies $30,000
Music/Stereo/TV $4,000
Cleaning $1,000
High Chair & Booster Seat $200
Advertising & Website $5,800
Total Start-up Expenses $300,000
Start-up Assets
Cash Required $85,000
Other Current Assets $0
Long-term Assets $0
Total Assets $85,000
Total Requirements $385,000