Steak Restaurant Business Plan

Fire Fountain Grille

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Company Summary

The Fire Fountain Grille is a steakhouse concept. It offers a comfortable, upscale ambience, replete with its signature fountains of flames and water. The menu features original variations of American favorites with a tantalizing array of seasoned steaks, prime rib, roasted caramel chicken, hot gourmet sandwiches and hearty salads. Beverages include an impressive wine list, microbrew beers, and festive cocktails. Fire Fountain Grille, Unit One, will be located in a newer free standing building. This location is an extremely high visibility spot on one of the most popular commercial corridors in the region. It has excellent parking, excellent ingress and egress from an eight lane thoroughfare.

2.1 Company Ownership

Fire Fountain Grille - Unit One LP, is projected as a Limited Partnership, but may switch the preferred structure to a stock "C" Corporation or Limited Liability Corporation "LLC", for purposes of investment structuring (see section 6.1.1 "Investment Summary"). The number of investors could vary, based on various interpretations under SEC "Regulation D".

OPERATING PARTNERS

  1. General Managing Partner, with 31% ownership.
  2. Vice Managing Partner for Dining Room and Human Resource Operations, with 9% ownership.
  3. Vice Managing Partner for Beverage and Entertainment, with 9% ownership.
  4. Vice Managing Partner for Kitchen and Catering Operations, with 9% ownership.

INVESTMENT PARTNERS

  1. Limited Partner Group One, with 14% ownership.
  2. Limited  Partner Group Two, with 14% ownership.
  3. Limited Partner Group Three, with 14% ownership.

2.2 Start-up Summary

Fire Fountain Grille, Unit One, is a project that will take advantage of a newer, existing structure. Start-up costs will cover a number of details to convert the structure to suit our concept both visually, and functionally. Included in start-up costs are all necessary expenditures to cover the pre-opening hiring and training of our staff, adding and revising equipment needs, supplying smallwares and servicewares, inventory and other essentials.

Start-up
Requirements
Start-up Expenses
Legal $5,000
Stationery, Menus, Brochures $4,000
Food Inventory $20,000
Alcohol Inventory $8,000
Operating Supplies $5,000
Smallwares $22,000
Uniforms $3,000
Linen $1,500
Two Fire Fountains $30,000
Kitchen Improvements $15,000
Leasehold Improvements $30,000
Exterior Improvements $10,000
Catering Vehicle & Equipment $23,000
Signage $15,000
Liquor License $4,000
Point Of Sale System $10,000
Computers & Peripherals $5,000
Office Furnishings $1,500
Pre-opening Management Labor $15,000
Pre-opening Labor/Training $16,000
Pre-opening Advertising & Marketing $8,000
Permits & Fees $3,000
Insurance $7,500
Rent $15,000
Research and Development $5,000
Utility Deposits $10,000
Cash Reserve $25,000
Other $8,000
Total Start-up Expenses $324,500
Start-up Assets
Cash Required $580,500
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $65,000
Total Assets $645,500
Total Requirements $970,000

2.3 Company Locations and Facilities

The Fire Fountain Grille is locate in a large stand-alone building with plenty of parking next to the Acres & Acres Mall, in Electrumburg, a fast growing suburb of Starburstville.

 

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Start-up
Requirements
Start-up Expenses
Legal $5,000
Stationery, Menus, Brochures $4,000
Food Inventory $20,000
Alcohol Inventory $8,000
Operating Supplies $5,000
Smallwares $22,000
Uniforms $3,000
Linen $1,500
Two Fire Fountains $30,000
Kitchen Improvements $15,000
Leasehold Improvements $30,000
Exterior Improvements $10,000
Catering Vehicle & Equipment $23,000
Signage $15,000
Liquor License $4,000
Point Of Sale System $10,000
Computers & Peripherals $5,000
Office Furnishings $1,500
Pre-opening Management Labor $15,000
Pre-opening Labor/Training $16,000
Pre-opening Advertising & Marketing $8,000
Permits & Fees $3,000
Insurance $7,500
Rent $15,000
Research and Development $5,000
Utility Deposits $10,000
Cash Reserve $25,000
Other $8,000
Total Start-up Expenses $324,500
Start-up Assets
Cash Required $580,500
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $65,000
Total Assets $645,500
Total Requirements $970,000