Written in 2002; 2,597 words; 1 sources; MLA; $ 78.95
Paper Summary:
This paper outlines the steps required to start up a food-based business using the Old Firehouse Restaurant as an example. It discusses how the restaurant business is one of the most difficult to start and maintain at a profitable level since margins are usually low and costs are usually high. It shows how a good business plan is the key to success and an attempt must be made to ensure that nothing is left out. It describes how to create a good business plan and how to overcome issues such as financing, government grants, tax issues and marketing.
From the Paper:
"No matter which type of funding one seeks, they will not be able to obtain it without a solid business plan. The restaurant business that I wish to start involves the renovation of an old Firehouse that dates back to the beginnings of the town where I grew up. The building has many historical architectural features and is a part of community history. However now the building has been abandoned for many years and is in severe need of repair. If this does not happen soon, the only option for this piece of history will be the landfill. Many people comment that it is a shame that someone doesn?t do something with that building. The community used to be one of the better parts of town. Now it has become one of the least desirable sections and property values in the area have declined. "
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