Nick's Steak House and Sports Bar

Paper Summary:

This paper reviews, analyzes and discusses Nick's Steak House and Sports Bar. According to the paper, Nick's Steak House and Sports Bar is unlike any other restaurant in the area of its location, as it will offer an exclusive blend of high-quality food at value-costing along with an entertaining environment. The paper reports that this restaurant will meet the consumer's need for a high-quality dining experience along with high-quality entertainment. The paper describes the restaurant's background, marketing strategy, management and operations plan and financial data.

Outline:
Executive Summary
Statement of Objectives
Background
Technical Description of Product/Service
Marketing Strategy
Market Data
Selling Tactics
Management and Operations Plan
Personnel Plan
Human Resources Plan
Financial Data
Financial Bail-out Plan for Investors
Projected Profit and Loss
Projected Cash Flow
Projected Balance Sheet
Conclusion

From the Paper:

"The restaurant will be owned and operated by its owner. The restaurant will be based in Waldorf Maryland, which is a suburb of Washington DC. The company will have a humble inauguration and will focus and direct all its energies on achieving its objectives. The location for the restaurant has been chosen and it will be secured shortly at the lease for about $20,000 annually. This will help us in setting up the restaurant in a short span of time and commence our business activities soon. Since the chosen location has previously been outfitted as a restaurant, we plan to arrange a sum of approximately $40,000 in funds, along with a $100,000 SBA-assured credit, to establish the restaurant."

Sample of Sources Used:

• H.F. Riebesell. Small Business Planning: Entities, Succession and Implementation. PESI, 2001.

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