What will be the start up plan and the financial plan for the following start up business:
Question:
What will be the start up plan and the financial plan for the following start up business:
The restaurant concept incorporates four different cuisines, each having one signature dish along with at least ten other products specific to each region.
The restaurant products cover all group ages, mainly address the Asia, English, polish and Romanian ethnicity; however it is open for people belonging to all ethnicities.
The business will operate as LTD because the ownership will be split between all members in the group but also from financial reasons. As a limited company the taxes will apply on profit while as a sole trader will pay income tax and national insurance class 2 and 4.
The company location will be based on Southampton. We will make an offer to Centenary Quay Waterside Development, Woolston for 2000 square feet.
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young