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Business plan.

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a) Name: Li Am Noodles b) Address: High Street, Epsom, Surrey. c) Limited Company/Partnership/Sole Trader: Sole Trader - Might go private (PLC) if business is successful. The reason I want to become a sole trader because I want to start a business by myself although with the advantages of being my own boss, getting all the profits and making all the decisions, there are disadvantages such as unlimited liability which is when I have to pay the debts by myself. d) What does your business do? The business will sell quality affordable oriental (mainly Chinese) food. e) Date you started trading: The business will start trading early 2003, depending on how quickly the business is set up. f) Aims: To sell quality and tasty food that is affordable, covering a wide range oriental cuisine. g) Products/Services offered: The business will offer oriental food. h) ...read more.


*All above figures are estimates. The estimated costs above for setting up the business result in having an estimated �18,000 left over from the total �60,000 investment. This can then be used to buy more stock when required, advertising, hiring staff etc. The stock will be mainly supplied directly from a food wholesaler. m) Premises and Equipment: The location of the restaurant will be in a retail store situated in the high street of Epsom in Surrey. The restaurant will have machinery such as cash registers, smoke alarms, microwaves, stoves, gas cookers, knives, forks etc. Most of the equipment will not need to be the latest and most expensive devices as the restaurant involved will only be a small one. n) Profit: All the profit will go to the owner and businessperson Liam Sumessur. The estimated cost of setting up the business is around �42,000. ...read more.


will be made monthly. p) Finance: The businessperson Liam Sumessur will provide �5,000 of his own cash as an investment into his business. He will also take out of bank loan of sum �50,000 for business investment. Money will be needed for many aspects of the business as stated below: Shop Rental: �1250 (�15,000 p.a.) Rates: �250 (�3,000 p.a.) Refurbishment: �25,000 Stock: �20,000 Total: �42,000 Left: �18,000 *All above figures are estimates. With the money left over staff can be hired, cooking equipment for the restaurant can be bought, the business can be advertised, more stock can be bought, the company might go private(with the help of profit earned from the business - �50,000 will be needed and money from friends and family). As the bank loan is of �50,000, and the estimated cash income per month is �3,000, it would take about 17 months to pay back the loan (assuming all income went towards paying the loan). ...read more.

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