• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Business plan.

Extracts from this document...


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.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. Business Aims and Objectives.

    Written communication Written communications refer to text based documents, such as letters, memos and faxes, which are sent by mail or electronically. Also included in this category are financial documents which are prepared and distributed by all organisations - from invoices requesting payments to formal accounts for the Inland Revenue.

  2. Business options

    using your computer to access another system which would then come back to you and cause you a massive amount of problems with the law. Q. As a desktop support engineer do you come by many viruses and invasion attempts?

  1. Business Report on Manchester Airport PLC.

    This new company is still fully owned by the nine councils of Greater Manchester. The Group's role is to deliver business and financial strategies for the business as a whole and to provide a policy framework. The Group has its own Board and Chief Executive; and each company has its own Board and Managing Director.

  2. My business idea is to open a fish and chip shop.

    The diagram shows the stage of my product, at this very point my product is at the stage of growth as my business is just opened. I feel soon it will be at the stage of maturity because a fish and chip shop is not a new idea.

  1. business plan and organise event

    to take place, it is just a quick outline of what I am planning to do, so that she is aware of what I will require and if It is possible for the event to take place. The information sheet explains what we aim to get from the event, and

  2. "Negotiating with Chinese"

    One Chinese negotiator explained: "They [Western firms] want to come and sign the contract quickly and do not know that [if] we do not understand each other . . . there is no business relationship. First, we have to know and trust each other, then we sign the contract."

  1. In this coursework I need to produce a detailed business report on one medium-sized ...

    The production function concentrates primarily upon planning and controlling the various stages of production so that the most efficient use is made of business resources. Production manager responsible for: * maintaining supplies of components and raw materials to ensure continuous production * ensuring that the precise requirements of customers are

  2. The Douglass Café on the loss prevention plan.

    Although theft can occur within any department, managers compose the largest group of thieves due to their control of cash operations. The Douglass Caf� suffered over $250,000 dollars in losses in the past year in comparison with Rite Aid who reported that 46 percent-$14.9 billion-of their losses were caused by

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work