Fine Dining Restaurant Business Plan

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Gabri's Restaurant & Lounge

Financial Plan

Forecast

Key Assumptions

Our financial plan depends on important assumptions, most of which are shown in the following table as annual figures. The key underlying assumptions are:

  • We assume a slow-growth economy, without major recession. This means our customer’s have money to pay for a meal out. 
  • We assume that there are no unforseen changes in the expectancy in the popularity of our restaurant. 
  • We assume access to investments and financing are sufficient to maintain and fulfill our financial plan as shown in the tables.

Revenue by Month

Chart visualizing the data for Revenue by Month

Expenses by Month

Chart visualizing the data for Expenses by Month

Net Profit (or Loss) by Year

Chart visualizing the data for Net Profit (or Loss) by Year

Financing

Use of Funds

We plan on using the funds we receive will be used for: equipment, furniture, painting, reconstruction, rent, start-up labor, liquor license, six months operating cash, and legal and consulting costs associated with opening our restaurant. We plan on making our location look like new, and upgrade so we can service our restaurant customers as well as our catering customers 

Startup Expenses

Startup expenses of $300K break down as follows:

They appear on our balance sheet as a negative $300K retained earnings at launch. 

Startup Assets

As indicated on the balance sheet, our startup assets include $85K cash reserves, plus $50K long-term assets (mostly kitchen and furniture), $30K inventory, and $1K other current assets. 

Sources of Funds

We are personally committing $225,000 of owner investment (which appears as paid-in capital in the balance sheet at launch) plus a $240,000 long-term loan from our local bank with SBA loan guarantee. 

Statements

Projected Profit & Loss

2020 2021 2022
Gross Margin $871,804 $991,600 $1,102,820
Operating Expenses
Salaries & Wages $543,600 $667,620 $715,890
Employee Related Expenses $81,540 $100,143 $107,384
Sales and Marketing $16,500 $15,000 $15,000
Leased Equipment $3,000 $3,000 $3,000
Kitchen supplies, dinnerware, etc. $18,000 $18,000 $18,000
Professional Fees $6,600 $6,600 $6,600
Permits / Licences $1,380 $1,380 $1,380
Office supplies $2,100 $2,100 $2,100
Postage $1,140 $1,140 $1,140
Utilities $22,200 $22,200 $22,200
Insurance $16,800 $16,800 $16,800
Rent $54,000 $54,000 $54,000
Website Maintenance $2,400 $2,400 $2,400
Other $6,000 $6,000 $6,000
Amortization of Other Current Assets $0 $0 $0
Interest Incurred $6,914 $6,279 $5,624
Depreciation and Amortization $7,143 $7,143 $7,143
Gain or Loss from Sale of Assets
Income Taxes $6,599 $4,944 $9,452
Total Expenses $1,225,312 $1,423,149 $1,537,293
Net Profit $75,888 $56,851 $108,707

Projected Balance Sheet

Starting Balances 2020 2021 2022
Cash $85,000 $174,649 $211,199 $308,485
Accounts Receivable $0 $0 $0
Inventory $30,000 $40,700 $45,265 $45,265
Other Current Assets $1,000 $1,000 $1,000 $1,000
Total Current Assets $116,000 $216,349 $257,463 $354,750
Long-Term Assets $50,000 $50,000 $50,000 $50,000
Accumulated Depreciation $0 ($7,143) ($14,286) ($21,429)
Total Long-Term Assets $50,000 $42,857 $35,714 $28,571
Accounts Payable $1,000 $13,184 $14,412 $14,412
Income Taxes Payable $0 $4,004 $1,241 $2,367
Sales Taxes Payable $0 $22,020 $22,200 $24,690
Short-Term Debt $20,890 $21,525 $22,180 $22,854
Prepaid Revenue
Total Current Liabilities $21,890 $60,733 $60,033 $64,324
Long-Term Debt $219,110 $197,585 $175,405 $152,551
Long-Term Liabilities $219,110 $197,585 $175,405 $152,551
Paid-In Capital $225,000 $225,000 $225,000 $225,000
Retained Earnings ($300,000) ($300,000) ($224,112) ($167,261)
Earnings $75,888 $56,851 $108,707

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit $75,888 $56,851 $108,707
Depreciation & Amortization $7,143 $7,143 $7,143
Change in Accounts Receivable $0 $0 $0
Change in Inventory ($10,700) ($4,565) $0
Change in Accounts Payable $12,184 $1,229 $0
Change in Income Tax Payable $4,004 ($2,763) $1,126
Change in Sales Tax Payable $22,020 $180 $2,490
Change in Prepaid Revenue
Investing & Financing
Assets Purchased or Sold
Investments Received
Dividends & Distributions
Change in Short-Term Debt $635 $655 $675
Change in Long-Term Debt ($21,525) ($22,180) ($22,854)
Cash at Beginning of Period $85,000 $174,649 $211,199
Net Change in Cash $89,649 $36,550 $97,286
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