Professional Documents
Culture Documents
Assignment 01
Your university/college_____________________________
Owners’ Names_________________________________________
Phone_____________, e-mail________________
Date_________
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1. COMPANY’S MAIN OBJECTIVE (WHY DOES THE COMPANY EXIST?)
2. FINANCIAL GOALS
2.1. To have a sales revenue amounting to ETB 1,232,209, by 30/3_/2024.
2.2. To obtain a profit margin of 22.2%.
2.3. To obtain a profit per business partner of ETB 253,698.2.
The cultural home-style restaurant (CHR) will be located in Kullubi town, on the road
to Harar and Dire Dawa city in east of Addis Ababa. The restaurant is located in a
major trade area which is host different drivers.
Local customers
During holiday
Has an estimated total population of 35,000.
Strengths
Weaknesses:
Medias to be used:
phone
social media
Face to face
time 6:00 am to 5:00 pm
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9. Production Cost Estimation
Contingency…………………………………………………..10,000
Building improvement………………………………………..30,000
Outdoor sign……………………………………………………3,000
Maintenance expense…………………………………………..120,000
3 Total 275000
Total 455,000
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12. Sales forecast
I expect a 5% increase in sales revenues annually over the next three (3) years. The growth is
adjusted for inflation. With the addition of catering revenues, sales will increase by 12.93%
in year 2 and 6.04% in year 3.
The following table shows expected sales forecast for the next 3 years:
Annual sales forecast
Sales year 1 year 2 year 3
Food & beverage revenue…..1,038,300 1,090,215 1,144,726
Additional revenue…………..73,054 82,500 87,483
Total sale…………………..1,070,300 1,172,715 1,232,209
4
NET INCOME 225,120 225,828.4 253,698.2
Cash receipt
Purchase building…………………..30,000 0 0
Borrowing …………………………200,000 - -
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12. Balance Sheet
ASSET
Cash…………………… ……..241,045
A/receivable ………………......2,300
Supplies..……………………..26,000
Equipment……………………13,000
Building……………………….30,000
Fixture………………………....83,000
Notes payable…………………………………………………..200,000
Capital (contributed)………........................................................255,000
Bank loan………………………………………200,000
Other investment………………………………..0
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Appendix
Here below are the documents that support the related information in this business plan:
1.
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2.
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3.
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