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I am going to carry out feasibility into opening a Night Club. The Night Club will be named Club 40/40 and will be located in Central London.Central

Extracts from this document...

Introduction

EXECUTIVE SUMMARY I am going to carry out feasibility into opening a Night Club. The Night Club will be named Club 40/40 and will be located in Central London. Central London is constantly growing and developing city with an expanding youthful population. A Night Club with a variety of bar, snooker tables and would be good for the city area because it will create a small amount of employment, attract more people in London and also make them have fun. Business aims As a Night Club that intends to be successful, I will be committed to providing a friendly atmosphere for my customer that will be well equipped and conducive for rendering of relaxing and professional service. I will also maintain a reasonable price and affordable price that would please my customers and will cover my cost as well. Also my aim is to remain a step ahead of my competition through an exemplary service provision. I expect my guest to have more fun during their leisure time. I will provide more video and electronic technology per square footage than anyone else in the region. A simple, yet unique, themed menu and atmosphere will create a sense of belonging' for local and tourists alike. My Operating Credo is, happy enthusiastic employees create happy enthusiastic guests''. To achieve our objectives, Club 40/40 is seeking to capitalize on excellent location opportunity with swift commitment to the West London development. To maintain tight control of cost operation, and cash flow through diligent management and automated computer control. To maintain a total beverage cost below 33% of food revenue. To exceed �150,000 in annual sales by the third year of plan implementation. Competitive comparison My major competitors are AKA Bar, Astoria, Heaven Night Club. They are competitor because they provide the same service as my Night Club (40/40). We are all in same sector or industry however 40/40 Night Club will set it self-aside from other. ...read more.

Middle

�0 �0 �0 Total Assets �521,740 �1,001,048 �1,592,938 Liabilities and Capital Current Liabilities Accounts Payable �67,339 �72,217 �77,382 Current Borrowing �0 �0 �0 Other Current Liabilities $0 �0 �0 Subtotal Current Liabilities �67,339 �72,217 �77,382 Long-term Liabilities �0 �0 �0 Total Liabilities �67,339 �72,217 �77,382 Paid-in Capital �567,750 �567,750 �567,750 Retained Earnings (�485,250) (�113,349) �361,081 Earnings �371,901 �474,430 �586,725 Total Capital �454,401 �928,831 �1,515,556 Total Liabilities and Capital �521,740 �1,001,048 �1,592,938 Net Worth �454,401 �928,831 �1,515,556 Project cash flow The following table illustrates our monthly cash flow for year one. The table shows three years of annual totals. The months are weighted according to the amount of weeks in that month in a typical calendar year. 2005 2006 2007 Cash Received Cash from Operations: Cash Sales �2,048,706 �2,253,577 �2,478,934 Cash from Receivables �212,383 �248,872 �273,760 Subtotal Cash from Operations �2,261,089 �2,502,449 �2,752,693 Additional Cash Received ------- --------- --------- Subtotal Cash Received �2,261,089 �2,502,449 �2,752,693 Expenditures 2004 2005 2006 Expenditures from Operations: Cash Spending �144,573 �155,044 �166,133 Payment of Accounts Payable �1,688,286 �1,869,949 �1,996,707 Subtotal Spent on Operations �1,832,858 �2,024,993 �2,162,840 Additional Cash Spent Subtotal Cash Spent �1,832,858 �2,024,993 �2,162,840 Net Cash Flow �428,231 �477,456 �589,854 Cash Balance �503,231 �980,687 �1,570,541 Break-even analysis Break-even Analysis Club 40/40's Break-Even Analysis formulas are presented in the text below. Fixed Costs �1,570,970 Variable Costs �32,000 Revenue (Estimated) �520,000 Break Even Point = � Average Nightly Break Even Revenues - approximately � 3,500 Minimum Nightly Required Spending per Person - �8.75 + �9.75 = �18.50 Minimum Nightly Required Incoming Traffic - 450 Break-Even Analysis Monthly Units Break-Even 139,924 Monthly Revenue �139,924 Average Per-Unit Revenue �1.00 Average Per-Unit Variable cost �0.16 Estimated Monthly Fixed Cost �117,342 (�) Important Assumptions: * We assume a slow-growth economy of five percent the first year, and three percent thereafter, without major recession. * We assume that we will grow as managers during the process, this growth will manifest itself as flat line expense growth over the five-year period, leading to increased annual cash flow. ...read more.

Conclusion

(Please circle appropriate answer) 8pm to 2pm 9pm to 4pm 12am to 7am Thank you for taking the time to fill in this questionnaire QUESTIONNAIRE RESULTS Appendix 4 The budget, at this stage of my course work I am going to make use of the result I have derived from my primary research to prepare a budget. Daily Revenue Forecast This table illustrates our daily revenue forecast for 1,200 total square feet. We are assuming a seating capacity for said space of 350 guests. In addition, we expect just less than one complete rotation of this space for food and beverage guests alike. Daily Revenue Breakdown Mon Tue Wed Thu Fri Sat Sun Weekly Total Guests Charged Admission 0 0 325 475 675 775 0 2,250 Average Admission Fee �7 �7 �7 �10 �10 �10 �7 �9.57 Total Admission Sales �0 �0 �2,275 �4,750 �6,750 �7,750 �0 �21,525 Total Bar Guests 0 0 350 550 775 1,100 0 2,775 Average Drinks per Person 0 3 3 3 3 3 3 3.25 Average Beverage Sales per Guest �12.50 �12.50 �10.00 �12.50 �12.50 �12.50 �12.50 �12.18 Average Price per Drink �0 �3.75 �3.75 �3.75 �3.75 �3.75 �3.75 �3.75 Total Beverage Sales �0 �0 �3,500 �6,875 �9,688 �13,750 �0 �33,812 Total Admission and Beverage Sales �0 �0 �5,775 �11,625 �16,438 �21,500 �0 �55,337 Total Food Guests 0 0 30 50 70 100 0 250 Average Food Sales per Guest �5.00 �5.00 �7.50 �7.50 �7.50 �7.50 �5.00 �45.00 Total Food Sales �0 �0 �225 �375 �525 �750 �0 �1,875 Misc. Sales (10% of Gross Sales) �0 �0 �578 �1,163 �1,644 �2,150 �0 �5,533 Total Revenue �0 �0 �6,578 �13,163 �18,606 �24,400 �0 �62,746 Sales Forecast This chart represents our forecast for Income on a monthly basis. The table presents yearly-expected sales. Complete monthly forecast figures for the first year are presented in the appendix above. Sales Monthly (�) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Appendix 5 The inside for club 40/40 ...read more.

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