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Description: I recently posted in the forum labelled "restaurant business opportunity", please read it if you haven’t already. The business plan is straight forward it consist of 2 stages.

The town I live in is rapidly developing. Major developments have begun to attract more people to the area. The projects happening in town are in the hundreds of millions of dollars. The local real-estate market is booming particularly in the last few months. Demand for retail and hospitality businesses are at a all time high and growing.
Opportunities here for restaurants are huge especially along the foreshore which is in the heart of the C.B.D. A hand full of restaurants exist, which are very average, but to my surprise they do great business. Experienced chefs & people who know the industry are lacking in this town. As I've been a chef for 12yrs in some of the finest restaurants, I plan to take full advantage of the situation and totally capitalize the growing market. My wife also has managed in hotels & restaurants so the service side of things will be taken care of. I, with my extensive knowledge of food will be in charge of the product. The food and service will be our main marketing ploy. A PR person will be hired to market our product on magazines, food columns e.t.c. This is essential to any restaurant starting up because it has long-term benefits.
I have full confidence that we will see a profit margin immediately within the first month of business. Once I secure the finance the time it will take from that too opening the doors will be only 2 weeks. I don't wish to put a time frame on things but a month or 2 months before christmas is the best time to open a restaurant.
After 1 year of trading all profits will go towards expanding the business this is where it gets exciting. Once this happens we will become nationally if not internationally recognized. Hence stage 2 of the plan. I worked in a restaurant of this calibre once and we use to turn over 3 million a year. I will be happy with a third of that. My cash flow projections are not ambitious but realistic. The second renovations will coincide with the developments for the foreshore. The restaurant will look absolutely fantastic with its new scenery & surroundings!!
 
Need from others:
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I'm hoping to take on a property under a lease agreement that use to be a restaurant. The restaurant was in business for 4yrs. It use to be the best in town until the owner lost interest and it slowly went sour. The plant is a still intact, fridge, stoves, bar etc. The bank is handling the plant, which is the good news. The plant is very cheap at $35.000.00 Australian. The plant has everything needed for a restaurant. An additional $20.000.00 is needed for renovations to get it up to standard. $15.000.00 is needed for additional equipment, mainly a coffee machine and dishwasher, cooking utensils, crockery, and decorations. $5.000.00 is needed for marketing, radio station, local paper & PR person.$5.000.00 is for stock(food, beverages). $5.000.00 for licenses petty cash and the rest goes into the business account. This all adds up to $85.000.00. I have $15.000.00 of my own to put towards it which means $70.000 is needed from investors or investor. A sole investor will own 80% of stock & 51% of business when loan is paid off (this is negotiable).
The lease on the property is $1.400 a month with six weeks free lease when agreement is settled also a six-month trial period can be arranged.
Thank you for your time and I hope you take this great opportunity seriously.
 
Author: ilykulo from Australia 
More postings from 'ilykulo'
Posting reviewed by: 636 users
Country of business: whole world Published on: 13 October 2003
Region of business: any Posting ID: 540
Business Sector: financial services Image: Not available
Business Plan
or Presentation:
Not available
 
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