Spunky Monkey Case Study 2020

BUSS 3087 – Team Model Case Study
SP2 2020
Spunky Monkey
You have been introduced to the issues facing the Spunky Monkey during your Problem Analysis assignment.
If you would like to see the full episode of Restaurant Impossible regarding this business, go to the Team
Model information pages and you will find the entire video available on the task page.
Very important note: You are not permitted to try and contact the Spunky Monkey as this is a FICTICIOUS
extension of the Restaurant Impossible episode involving an actual operating business. Do not attempt to
locate any of the contractors who have quoted on the renovations as they are also fictitious.
The owners of the Spunky Monkey currently have several outstanding debts that the bank have agreed to
combine into a single business loan together with the funding for the renovations.
The owners asked Chef Robert Irvine, his designer and builder to determine a few options and obtain three
quotations to renovate the Spunky Monkey to ensure that it is a venue that people want to attend. Below
you will find recommendations from Chef Robert and his designer as well as a series of three quotes from
local businesses to renovate the venue. The renovations will take one (1) week during which time there will
be no income generated by the restaurant and bar.
• General upgrade
o Removal of all carpet
o Repair and painting of all internal walls
o Replace light fixtures
o Repair OR replace flooring throughout entire venue (note kitchen and restaurant toilets
must be tiled)
o New signage
o New computer booking system and website design
o Full deep clean of entire venue (including kitchen and toilets)
• Restaurant upgrade
o New tables and chairs
o New crockery, cutlery and glassware
• Kitchen upgrade
o New POS order system
o Complete new kitchen equipment (management to select from options offered)
o Refurbishment of bar area
At the completion of the renovations the following facilities will be available at the Spunky Monkey:
o Seating for 80 people in dining room (20 square tables and 80 chairs – multiple
configurations)
o Seating for 60 people in bar (4 long tables, 10 cocktail tables, 60 bar stools)
o Serving lunch and dinner
o Open 6 days per week (Tuesday – Sunday)
o Employing:
▪ 1 head chef
▪ 1 sous chef
▪ 2 cooks
▪ 2 kitchen hands
▪ 4 bar staff
▪ 6 wait staff
▪ 4 cleaners
Your Task:
Create a spreadsheet model that the Owner and assistant manager can use to determine:
1. Comparison of costs for capital expenditure upgrades

2. Budget once renovations completed showing Income (from bar and restaurant) and Expenses (wages
and food/bar expenses)
3. Calculation to determine number of months required before business has fully repaid the
outstanding debts (loan) and is making a profit – based on chosen repayment method.
The model needs to accommodate all the data in this case study (above and below this task detail) and
provide the Owner and assistant manager the opportunity to select options as detailed in the quotations for
the renovations as well as enter data variables for the budget such as:
• Average patronage of restaurant per day (lunch and dinner separately)

• Average patronage of bar per day
• Average $ spend per patron in restaurant per day (lunch and dinner separately)
• Average $ spend per patron in bar per day
• Average food costs for restaurant per day (total)
• Average costs for bar per day (total)
• Loan repayment amount (different to standard calculation) per month
• Choice as to how to pay loan (calculated standard or chosen input)
• Loan interest rate (pa)
• Amount owing at the start of the renovations (not including renovation costs)
The budget will not consider cost of utilities (gas/electricity/water) or cleaning products. It is also assumed
that no additional renovations will be required throughout the period of this budget.
You should not make any assumptions when building the decision support model. All questions must be
posted to the Spunky Monkey Discussion Forum – available in the Communications section of the course
learnonline site.
Renovations R Us
Quotation #14253 Renovate “Spunky Monkey” Page 1
Description Labour Cost Material/ Notes
Item Cost
General upgrade
Removal of all carpet (labour) $3500 n/a
Repair internal walls $750 $500
Paint internal walls (360L of paint required)
• Modern paint $1500 $19.50/L
• Heritage paint $1500 $32/L
Replace light fixtures $900 $95/light 17 lights to be replaced
Repair existing flooring $3200 $300 Materials are hire of equipment for
repairs
Prepare floors for new flooring $1200 n/a Not required if repairing existing flooring
New tile floors for kitchen and restaurant toilets (89m2) $15/m2 $38.50/m2 Not required if repairing existing flooring
General Flooring (365 m2) Not required if repairing existing flooring
• Tiles $15/m2 $27.50/m2
• Slate $12/m2 $41.00/m2
• Floorboards $10/m2 $38/m2
New signage $2,500.00 Includes labour and materials
New computer booking system and website design $8,000.00
Full deep clean of entire venue $2,500.00 Includes labour and materials
Restaurant upgrade
New Restaurant tables (price per table) n/a $229.00
New Restaurant chairs (price per chair) n/a $139.00
New long tables for bar (price per table) n/a $659.00
New Bar stools (price per bar stool) n/a $189.00
New Cocktail tables (price per table) n/a $379.00
New crockery, cutlery and glassware (total cost) n/a $6,000.00
Kitchen upgrade
New POS order system $10,500.00
Complete new kitchen equipment (management to select from options offered)
Refurbishment of bar area $3,199.00
Renovations R Us
Kitchen equipment options
• 1220L 2 door commercial fridge - $5,590.00

• 1220L 2 door commercial freezer - $4,498.00
• Commercial 34L electric deep fryer - $590.00
• AT-360B Toaster/Griller/Salamander - $690.00
• CR257 – Turbofan Full size digital electric combi oven - $6,499.00
• 6BT-OV-900B 6 burner gas range with oven - $2,855.00
• LUUS BCH-9P 900mm griddle - $4,150.00
• C24 Roband curved glass heated bain marie 8pc x GN ½ trays - $3,730.00
• HYWCL12 Pull down heat lamps antique copper 290mm round - $189.50 each
• 2L commercial blender - $550.00
• Heavy duty 20L planetary mixer - $1,279.00
• Commercial electric meat grinder/mincer - $499.00
• BV600-180B SS Bench table with Splashback - $519.00
AAA Renovations
Item Cost
General upgrade
repairs
New tile floors for kitchen and restaurant toilets (89m2) $16.50/m2 $29.25/m2 Not required if repairing existing flooring
• Tiles $16.50/m2 $29.25/m2
• Slate $14/m2 $40.00/m2
• Floorboards $15/m2 $35.60/m2
Restaurant upgrade
Kitchen upgrade
AAA Renovations

Hotel Quality Renovations
Item Cost
General upgrade
repairs
New tile floors for kitchen and restaurant toilets (89m2) $17.50/m2 $26.75/m2 Not required if repairing existing flooring
• Tiles $17.50/m2 $26.75/m2
• Slate $15/m2 $53.00/m2
• Floorboards $12/m2 $36.00/m2
Restaurant upgrade
Kitchen upgrade
Hotel Quality Renovations


Appendix 1 – Staff Wages (current)
All pay rates quoted include penalty rates for weekend and public holiday work as well as allowances for
night work.
Position Salary (per Hours per Days per

hour) day week
Head Chef $27.50 10 5
Sous Chef $22.50 10 5
Cook $17.50 8 5
Kitchen Hand $12.50 8 4
Wait Staff $13.00 10 4
Bar Staff $14.50 8 5
Cleaners $12.50 4 4

Spunky Monkey Case Study 2020

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Spunky Monkey Case Study 2020

Uploaded by

Copyright:

Available Formats

BUSS 3087 – Team Model Case Study

1. Comparison of costs for capital expenditure upgrades

• Average patronage of restaurant per day (lunch and dinner separately)

Kitchen equipment options

• 1220L 2 door commercial fridge - $5,590.00

Kitchen equipment options

• 1220L 2 door commercial fridge - $4,990.00

Hotel Quality Renovations

Kitchen equipment options

• 1220L 2 door commercial fridge - $5,290.00

Position Salary (per Hours per Days per

You might also like