Buisness Planning Executive Summary Essay

3653 words - 15 pages

Executive Summary
Take Five Sports Bar and Grill has established a successful presence in the food and beverage service industry. The flagship location in suburban Anytown (Medlock Bridge) will gross in excess of $2 million in sales in its first year of operation. First year operations will produce a net profit of $445,000. This will be generated from an investment of $625,000 in initial capital. Since 10 months of operations have already been completed the confidence level for final first year numbers is extremely high. The first 10 months of start-up costs, sales revenues, and operating expenses are actual.
Expansion plans are already underway. Owner funding and internally generated ...view middle of the document...

The management of Take Five has demonstrated its concept, execution, marketability, and controls, and feels confident of its ability to successfully replicate the quick ramp-up of the Medlock Bridge location to additional venues.
The following objectives have been established:
• Have all five stores operational by Year 3 with a sequential time-line of openings.
• Maintain tight control of costs and operations by hiring quality management at each location and utilizing automated computer control.
• Keep food cost under 32% of revenue.
• Keep beverage cost under 21% of revenue.
• Select only locations that meet all the parameters of success.
• Grow each location to the $3 to $5 million annual sales level.
1.2 Mission
Take Five Sports Bar and Grill strives to be the premier sports theme restaurant in the Southeast Region. Our goal is to be a step ahead of the competition. We want our customers to have more fun during their leisure time. We provide more televisions with more sporting events than anywhere else in the region. We provide state-of-the-art table-top audio control at each table so the customer can listen to the selected program of his or her choice without interference from background noise. We combine menu selection, atmosphere, ambiance, and service to create a sense of "place" in order to reach our goal of over-all value in a dining/entertainment experience.
1.3 Keys to Success
The keys to success in achieving our goals are:
• Product quality. Not only great food but great service.
• Managing finances to enable new locations to open at targeted intervals.
• Controlling costs at all times without exception.
• Instituting management controls to insure replicability of operations over multiple locations. This applies equally to product control and to financial control.

Company Summary
The key elements of Take Five's restaurant store concept are as follows:
• Sports based themes--The company will focus on themes that have mass appeal.
• Distinctive design features--All stores will be characterized by spectacular visual design and layout. Each store will display a collection of authentic sports memorabilia.
• High profile locations--The company selects its store locations based on key demographic indicators, including traffic counts, average income, number of households, hotels, and offices within a certain radius.
• Celebrity events--The company stores will be distinguished by the promotional activities of sports celebrities and by media coverage of appearances and special events.
• Retail merchandising--Each store will include an integrated retail store offering premium quality merchandise displaying the company's logo design. In addition sports memorabilia will be sold.
• Quality food--Each Take Five store will serve freshly prepared, high quality, popular cuisine that is targeted to appeal to a variety of tastes and budgets with an emphasis on reasonably and moderately priced signature...

Other Papers Like Buisness Planning Executive Summary

Court Management Essay

537 words - 3 pages Court Management Court Management Executive Summary University of phoenix CJA/394 Team A 7/28/2012 James Wheatley Introduction Why does the American society have the court system? This summary will answer that question. This paper will also consist of the court purposes and responsibilities. What is the importance of strategic planning and vision as foundations of successful court management? Finally the impact of court

Disater Buisness Plan Essay

861 words - 4 pages Penson’s fundamental Disaster Recovery Plans: Fundamental 1 - Preparing for the Planning Process A. Executive Management Meets to define Objectives and Goals of a Disaster Recovery Plan B. Senior Management appoints Disaster Recovery Specialist C. Prepare Business/Process Effort Chart & Project Plan D. Executive Management communicates to all Directors and Managers of upcoming Disaster Recovery Planning Program E. Receive Department Head

Corporate Planning

2180 words - 9 pages Executive Director. The division was organized around the following groups: investment and facilities planning long range planning, operations planning, and optimization and modeling. The investment and facilities planning group was responsible for company-wide investment programmes. Various activities included project formulation and appraisal, coordination of review committees, project monitoring and preparation of annual capital projects. The

Business Summary

531 words - 3 pages Potential Investor /Business Summary (American Project Management/APM) Alena Savoy Bus/211 Mark Hardee July, 13 2015 1.0 Executive Summary By focusing on its strengths, its key customers, and the underlying values they need, American Project Management will produce sales to more than $1million in three years, while also improving the gross margin on sales and cash management and working capital. This business plan leads the way. It

Enb 150 Project Brief

1569 words - 7 pages document. Each signed author also attests that they acknowledge the fair contribution of all other listed authors, and that if a team member is not included in the signed authorship list, the team has discussed this with their tutor and this course of action is supported by the tutor.” Table of Contents Introduction 3 Structure 3 Cover Sheet (front page) 4 Executive Summary (about two paragraphs for this size of report) 4 Table of Contents

Scheduling Across The Supply Chain Executive Summary

771 words - 4 pages Scheduling Across The Supply Chain Executive SummaryTeam A has unveiled a new product for McDonalds called the McTurkey Club Sandwich. The team believes in the new product and the initial research has shown that the consumer is ready for this new sandwich. This executive summary will discuss the new sandwich and will examine different methods and concepts concerning scheduling of the supply chain. This summary will also examine scheduling

Board Meeting

517 words - 3 pages . Summary of Boards work in a year • Strategy and resource allocation; • External affairs; • Portfolio management; • Finance and treasury; • Governance and compliance; and • Organizational design, capacity and succession planning. Guidelines followed in a Board meeting a. There must be two directors present at a meeting to constitute a quorum b. The board will schedule formal Board meetings at least quarterly and hold additional meetings

Consulting Scenerio Paper

2129 words - 9 pages using the expertise of B-Team Consulting, a new business can set a course for success. Carol Modlin, administrative support With nearly 15 years of administrative and executive assistance experience, Carol Modlin has assisted presidents of major corporations in the United States, including Elumatec USA and Dometic LLC. Carol is very dedicated to those she offers support to as well as the organizations themselves. Proficient in Microsoft Office

Papa Geos First Half

988 words - 4 pages Papa Geo’s Budget Proposal For 2012-2017 ------------------------------------------------- Table of Contents Section | Title | Subsection | Title | Page Number | 1.0 | Executive summary | | | 4 | 2.0 | Sales Forecast | | | | | | 2.1 | Sales Forecast | | | | 2.2 | Methods and Assumptions | | 3.0 | Capital Expenditure Budget | | | | * 1.0 Executive Summary 1.0 Executive Summary * The budget

Apple in Se 10-K

894 words - 4 pages [pic] Apple Inc. SEC 10-K TABLE OF CONTENTS 1 Introduction 3 1.1 Executive Summary 3 1.2 History 3 2 financial analysis 4 2.1 Income statement 4 2.2 balance statement 4 2.3 cash flow statement 5 3 appendix 5 4 References 7 4.1 work cited 7 INTRODUCTION 1 Executive Summary In

Term Paper

516 words - 3 pages cannot be denied. Rice is considered as a major food, not just to... Continues for 8 more pages » Read full document Full access is free for premium users. Add to Library (1) HIDE DownloadPrint Report this Essay Facebook Twitter Google+ Send Rate This Document 4.5 12345 Read full document Full access is free for premium users. Document Details Views: 1 Words: 1607 Related Essays Business Plan ...Chapter 1 Executive summary BURFY

Related Essays

Learning Essay

5454 words - 22 pages ENTREPRENEUR WORKBOOKS Business Planning and Financing Management Series Building Block 2 The Business Plan and Executive Summary MaRS is a member of MaRS Discovery District, © December 2009 See Terms and Conditions MaRS – Business Planning and Financing Management Series THE BUSINESS PLANNING AND FINANCING MANAGEMENT WORKBOOK Introduction: What to expect In his book Outliers, Canadian author Malcolm Gladwell looks at the relationship

Sales Operation Planning Essay

2450 words - 10 pages Executive Sales and Operations Planning Main Street August 7, 2009 Company Presented by: LOGO - PCI Associates President Adjunct Instructor – IU Kelley School of Business - IUPUI John S. Pennington Why Plan?  Planning is a strategy for survival. Planning can be anywhere on the spectrum from the dream to the nightmare. PCI Associates 2 Why Do Organizations Plan?  To anticipate and prepare for the future  To ensure adequate and available

Mgt 230 Uop Tutorial / Mgt230dotcom

568 words - 3 pages 3 Learning Team Reflection Summary MGT 230 Week 3 Individual Assignment Management Planning Presentation MGT 230 Week 4 Discussion Question 1 MGT 230 Week 4 Discussion Question 2 MGT 230 Week 4 Learning Team Reflection Summary MGT 230 Week 4 Individual Assignment Organizational Structure Paper MGT 230 Week 5 Learning Team Reflection Summary MGT 230 Week 5 Learning Team Management and Leadership Presentation

Chapter 7 Marketing Notes Essay

755 words - 4 pages CHAPTER 7 Principles of Planning CHAPTER SUMMARY Planning is the process of determining how the organization can get where it wants to go. The fundamental purpose of planning is to help the organization reach its objectives. Advantages of planning include: (1) an emphasis on the future, (2) coordination of decisions, and (3) a clear focus on the objectives. If done incorrectly or excessively, planning can be disadvantageous, but its